- #191 of 409
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Re: Lease a 2007 H3 in Central Texas [hooperaus]
by Car_man HOST
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Aug 28, 2006 (2:58 am)
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Replying to: hooperaus (Jul 14, 2006 8:22 am)
I'm glad that you enjoy this forum so much, hooperaus. GMAC's lease program for the 2007 Hummer H3 is pretty good right now. I am not intimately familiar with what the market is like for the 2006 H3 right now, but I suspect that they can be had for fairly close to dealer invoice given the fact that the 2007 model is out. I would be happy to give you a detailed analysis of the lease that you were quoted if you provide me with the full MSRP and approximate selling price of the truck that you are interested in.
Car_man
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- #192 of 409
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Re: Hey car man ...need advice! [re_agent]
by Car_man HOST
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Aug 28, 2006 (3:06 am)
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Replying to: re_agent (Jul 16, 2006 1:45 pm)
Hello RE Agent. It is difficult for me to give you a detailed analysis of this deal without knowing the full MSRP and selling price if the Hummer that you are considering leasing. These are very important numbers for you as a consumer to know because they show you how much of a discount you are bring given and will enable to estimate what your truck's lease payment should be. The $8,000 in negative equity that you have in your current truck will cause you to pay much more for your Hummer lease than you should be. In fact, I highly doubt that you will be able to bake all of your current truck's negative equity into your new lease. It is likely that you will have to pay several thousand dollars out of your own pocket to trade in your Navigator right now. Normally you would be better off keeping your Navigator until you are less upside down on it, but the 14.9% interest rate that you are paying on it is pretty high. Your least expensive option is probably to refinance and continue driving the Gator. If you are worried about high gas prices, you're barking up the wrong tree with the Hummer anyhow.
Car_man
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- #193 of 409
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Re: More info [re_agent]
by Car_man HOST
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Aug 28, 2006 (3:10 am)
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Replying to: re_agent (Jul 17, 2006 8:29 am)
Hey re_agent. The $4,000 customer cash that is currently available on the Hummer H3 is not compatible with GMAC's special lease program for it. The only way you will be able to get this cash is if you lease through an independent bank that has a less attractive lease program than GMAC does. Leasing through an independent bank may be the only way for you to bury the negative equity that you have in your current truck. You could knock out $4,000 of it with the customer cash, another $2,500 or so of it my paying full MSRP for your new truck (yuck), and then making a down payment to cover the rest (double yuck). You'd be doing yourself a favor by refinancing your truck and keeping it until you are less upside down.
Car_man
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- #194 of 409
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Re: Current Offers [drivin2fst]
by Car_man HOST
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Aug 28, 2006 (3:13 am)
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Replying to: drivin2fst (Jul 20, 2006 1:19 pm)
Greetings Kevin. If you were to lease a 2006 Hummer H3 through GMAC right now for 27 months with 12,000 miles per year, its base lease rate and residual value should be 3.45$ and 72%, respectively. The numbers for an otherwise identical 39 month lease should be 3.45% and 63%, respectively. I would be happy to use these numbers to estimate what the lease payments would be for the truck that you are interested in if you provide me with its full MSRP and approximate selling price.
Car_man
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- #195 of 409
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Re: Lease Deal [drivin2fst]
by Car_man HOST
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Aug 28, 2006 (3:16 am)
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Replying to: drivin2fst (Jul 20, 2006 8:40 pm)
Hi Kevin. I personally would rather bake sales tax into my vehicle's monthly payment than pay it at lease signing. I say this because if your leased vehicle is totaled in an accident or stolen and never recovered you don't get a refund for the sales tax that you paid on it. I would be happy to give you my opinion of this deal, but it would be a big help if you would provide me with this truck's selling price first. This is a very important number for you as a consumer to know because it shows you how much of a discount you are being given.
Car_man
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- #196 of 409
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Re: H3 Lease #'s [rvman]
by Car_man HOST
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Aug 28, 2006 (3:20 am)
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Replying to: rvman (Aug 08, 2006 9:18 am)
Hi rvman. I am not intimately familiar with what the market is like for the H3 right now, but given the fact that 2007 models are already on sale I suspect that you should be able to get a leftover '06 model for fairly close to dealer invoice.
Car_man
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- #197 of 409
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Re: help with lease [bear70]
by Car_man HOST
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Aug 28, 2006 (3:21 am)
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Replying to: bear70 (Aug 10, 2006 6:24 am)
Hi Frank. I would be happy to estimate what this truck's lease payment should be for you, however in order for me to so so I need you to provide me with its full MSRP. Let me know and I'll crunch some numbers for you.
Car_man
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- #198 of 409
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Re: Current Lease APR and Residual Values? [suv_shopper1]
by Car_man HOST
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Aug 28, 2006 (3:27 am)
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Replying to: suv_shopper1 (Aug 15, 2006 7:55 pm)
Welcome, suv_shopper1. I am glad that you enjoy this site so much. Here is the information that you are looking for. GMAC's current base lease rate and residual value for a 24 month lease of a 2006 Hummer H3 with 15,000 miles per year are 3.45% and 72%, respectively. Its lease rate would be the same for the other terms that you mentioned, but its residual values would be as follows, 71% for 27 months, 62% for 36 moths, and 61% for 39 months. 15,000 miles per year is the highest mileage allowance that GMAC publishes residual values for. If you need to drive more than this you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Car_man
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- #199 of 409
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Re: Interested in h3 lease [msagowitz]
by Car_man HOST
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Aug 28, 2006 (3:30 am)
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Replying to: msagowitz (Aug 26, 2006 4:13 pm)
Hi msagowitz. While I cannot say for certain that you will be approved to lease a new vehicle through GMAC, I can tell you that it is usually fairly lenient in who it approves to lease and finance new vehicles. Even if you have limited credit, if your credit score is in good shape I suspect that GMAC will approve you to lease a new H3 at its best available interest rates.
Car_man
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- #200 of 409
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OH NO.. Did I Just Screw-up????
by 1fastmx5
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Aug 28, 2006 (9:03 pm)
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OH NO.. Did I Just Screw-up????I just leased an 06 Hummer but didnt find this site till after I signed the deal that same night. I think I f'd up.. How bad did I do..?
From you site link..
MSRP*:$37,865.00
Supplier:$34,564.21
Current Offers:-$2,500.00
Net Price:$32,064.21
WHAT I GOT..
MSRP*:$37,865.00
Gross Cap..........$36,008.87(lic/reg/title$140.57..sales tax $726.30
Cap cost reduction $825.00
Adjusted Cap.......$35183.87
Resid Value........$28020.10
Depreciation/Amort.$7163.77
Rent Charge........$2516.27
Total Base Pay.....$9680.04
Lease Payment......27 mo.
Base monthly Pay...$358.52
Due at signing 2243.52 includes..
Cap cost.....$825.00
First pay....$358.52
Title/Reg/Tire $290.00
Doc fee.......$75.00
Acquisition....$695.00
10,000 miles a year
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