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Hummer H3 Lease Questions

405 messages,  Last post on Jul 14, 2008 at 7:00 AM

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What is this discussion about? HUMMER H3, Car Leasing, SUV

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#215 of 405 Re: h3 lease payment [csmalls] by csmalls Sep 21, 2006 (6:36 am)
Replying to: csmalls (Sep 21, 2006 6:30 am) I just looked on the HUMMER web site and they have them at $299 a month but the commercials that they are running in the DC Metro area show $199 a month. What gives?
#216 of 405 24 month lease payment by tjones39 Sep 21, 2006 (2:55 pm)
Carman or anyone, do they have a low 24-27 month lease offer on the 06 or 07 models H3's? I would need 15k miles per year. The $299 lease offer with $1600 down on the Hummer website seems good but that is with low miles per year. What are some lease numbers and money factor and residuals for a 06 or 07 which ever one is better? Thanks Replies to this message: Car_man (Sep 24, 2006 7:45 am)
#217 of 405 24 month lease payment by tjones39 Sep 21, 2006 (7:28 pm)
To be more specific, what is the current MF for a 24 month lease with 15k miles per year and the residual for the H3?   Secondly, can you buy this vehicle at invoice and apply the current 2k incentives to the cap reduction and lease it? Replies to this message: Car_man (Sep 24, 2006 7:49 am)
#218 of 405 Is this BS or What? by davese Sep 23, 2006 (5:37 pm)
Went to Dew Hummer today in St. Pete FL looking for a H3 for my wife. The salesman stated the advertised H3 $299 lease was for a stripped base model with a manual transmission. BS?????   So he showed us another H3 automatic, base and we told him we had no trade, he came back to us with a $399 mth pymnt, 10K miles a year, and 4K down. What the heck????   The $299 states $1700 or something like that down. Where would he have come up with 4K??   Thanks for any help   Dave Replies to this message: Car_man (Sep 24, 2006 8:01 am) davese (Sep 24, 2006 4:23 pm) Car_man (Oct 12, 2006 4:02 am) davese (Sep 25, 2006 6:51 pm) Car_man (Oct 12, 2006 5:02 am)
#219 of 405 Re: OH NO.. Did I Just Screw-up???? [1fastmx5] by Car_man HOST Sep 24, 2006 (6:58 am)
Replying to: 1fastmx5 (Aug 28, 2006 9:03 pm) Hi 1fastmx5. I'm trying to figure out how much you paid for your truck. It looks like your cap cost is $36,008.87 including $140.57 in fees and $726.30 in sales tax. When those charges are backed out, your truck's selling price is $35,142. I believe that this truck has a spread of around $3,500 between its full MSRP and dealer invoice price. You were quoted a discount of around $2,700, so you are at around $800 over invoice which isn't bad. The monthly payment that you were quoted looks good to me as well, so don't worry about your deal, you did fine. Enjoy your new truck!   Car_man Host Prices Paid Forum
#220 of 405 Re: H3 base package lease questions [knuckles9975] by Car_man HOST Sep 24, 2006 (7:04 am)
Replying to: knuckles9975 (Aug 31, 2006 2:17 am) I'm glad that you enjoy this site so much, knuckles9975. The fact that you can purchase your Hummer through GM's Employee Purchase program should enable you to get a good deal on it. Let's calculate a lease payment on the truck that you want and see what we come up with. You never mentioned what model year this truck is, so for now I will assume that you are talking about a 2006 model. According to my calculations, if you were to lease a 2006 Hummer H3 with an MSRP of $29,500 and a selling price of $26,500 through GMAC right now for 48 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $293. I used a lease rate of 3.45% and a residual value of 52% to arrive at this payment. As you can see, something is obviously not right about the payment that you were quoted. You may want to consider shopping with another dealer to see if they give you a more reasonable payment.   Car_man Host Prices Paid Forum
#221 of 405 Re: Current Lease APR and Residual Values? [cacloss] by Car_man HOST Sep 24, 2006 (7:07 am)
Replying to: cacloss (Aug 31, 2006 9:04 am) Here you go, cacloss. GMAC's current base lease rate for the 2007 Hummer H3 for all of the terms that you mentioned is 3.45%. Its 15,000 mile per year residual values for the terms that you mentioned are, 69% for 24 months, 68% for 27 months, 58% for 36 months, and 57% for 39 months.   Car_man Host Prices Paid Forum
#222 of 405 Re: lease [kenyon001] by Car_man HOST Sep 24, 2006 (7:11 am)
Replying to: kenyon001 (Sep 07, 2006 7:09 am) Yikes, you are $10,000 upside down on your current vehicle kenyon001 . I definitely would not get a new vehicle now if I was in your situation. If you really want to lease this truck, you need to find out how much you are being charged for it. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. This truck's selling price will show us how much of a discount you are being given on it and how good your deal is. Let me know and I'll tell you what I think.   Car_man Host Prices Paid Forum
#223 of 405 Re: Current Lease APR and Residual Values by tjones39 Sep 24, 2006 (7:14 am)
Car_Man are those the same residuals for a 2006 H3?? And will they do the same lease rate at 3.45? Can I also apply the 2k manufacturer incentive off the cap cost? Thanks Replies to this message: Car_man (Sep 24, 2006 8:04 am) jcee1 (Oct 08, 2006 12:02 am) Car_man (Oct 13, 2006 3:56 am)
#224 of 405 Re: #`s help please [mtc019] by Car_man HOST Sep 24, 2006 (7:19 am)
Replying to: mtc019 (Sep 09, 2006 3:12 am) Welcome Matt. I'm glad that you find this site so informative. There's nothing wrong with trading in your current vehicle in when you lease a new one, however you should be much better off having the dealer that you are working with cut you a check for the equity that you have in your trade than using the proceeds from it as a down payment for your lease. I always advise community members against making down payments on leases because if their leased vehicle is totaled in an accident or stolen and never recovered, their down payment essentially disappears.   Let's work up a lease payment on this truck and see what we come up with. According to my calculations, if you were to lease a 2006 Hummer H3 with an MSRP of $33,900 and a selling price of $31,900 through GMAC right now for 27 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $407. With a $1,000 capitalized cost reduction, which I advise against, this truck's payment would drop to around $369.   General Motors is not currently providing conquest cash on this model in your area.   Car_man Host Prices Paid Forum

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