- #223 of 404
-
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
|
- #224 of 404
-
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
|
- #225 of 404
-
Re: TO LEASE OR NOT TO LEASE? [bigd9]
by Car_man HOST
-
Sep 24, 2006 (7:27 am)
-
|
|
Replying to: bigd9 (Sep 09, 2006 8:00 pm)
Thanks bigd9. The selling price that you were quoted must not be for a lease through GMAC. It is impossible to get that low a price without using the $2,000 customer cash that GM is providing on it right now. This cash is not compatible with leases through GMAC. So this means that either your lease is being run through an independent bank or this is not the selling price that is being used to calculate your truck's lease payment. I need to know which is the case before I can give you an accurate opinion of this deal.
Car_man
Host
Prices Paid Forum
|
- #226 of 404
-
Re: H3 2007 GMAC rates and residuals [carlosc2]
by Car_man HOST
-
Sep 24, 2006 (7:35 am)
-
|
|
Replying to: carlosc2 (Sep 20, 2006 7:32 am)
Hi carlosc2. You can find out the selling price of the exact truck that you are interested in by visiting the following site: General Motors Supplier Purchase Site. You may have to get some information from your company's HR department to log in though.
As far as this truck's lease program goes, if you were to lease a 2007 Hummer H3 through GMAC right now, its base lease rate will be 3.45% for all of the terms that you mentioned. Its residual values vary depending upon what mileage allowance you lease with. For now I will assume that you are interested in a 15,000 mile per year lease. Let me know if you want something different. GMAC's current 15,000 mile per year residual values for these terms are 69% for 24 months, 68% for 27 months, 58% for 36 months, 57% for 39 months, and interestingly 48$ for 48 months.
Car_man
Host
Prices Paid Forum
|
- #227 of 404
-
Re: Newbie and H3 [ripdog_mn]
by Car_man HOST
-
Sep 24, 2006 (7:37 am)
-
|
|
Replying to: ripdog_mn (Sep 20, 2006 1:37 pm)
Hi ripdog_mn. You really need to find out the selling price of any vehicle that you want to lease. This is a very important number to know because it shows you how good a deal you are getting on it and it enables you to estimate what your monthly payment should be. I would be happy to give you my opinion of this deal if you tell me what the selling price is.
Car_man
Host
Prices Paid Forum
|
- #228 of 404
-
Re: HELP [bl00d]
by Car_man HOST
-
Sep 24, 2006 (7:39 am)
-
|
|
Replying to: bl00d (Sep 21, 2006 6:29 am)
Greetings bl00d. This particular discussion is for consumers to talk about and ask questions about leasing a Hummer H3. I suspect that you will have better luck finding out an answer to your question about wheel alignment in the following discussion: "Hummer H3".
Car_man
Host
Prices Paid Forum
|
- #229 of 404
-
Re: 24 month lease payment [tjones39]
by Car_man HOST
-
Sep 24, 2006 (7:45 am)
-
|
|
Replying to: tjones39 (Sep 21, 2006 2:55 pm)
Hi tjones39. Yes, General Motors has special 24 and 27 month leases available on the 2007 and 2007 Hummer H3 right now. The 2006 Hummer H3's lease program is actually better than the 2007 H3's program right now. If you were to lease a 2006 Hummer H3 through GMAC right now for 24 months with 15,000 miles per year, its base lease rate and residual value should be 3.45% and 69%, respectively. The lease rate would be the same for a 27 month lease of this truck, but its residual value would be 68%. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400.
Car_man
Host
Prices Paid Forum
|
- #230 of 404
-
Re: 24 month lease payment [tjones39]
by Car_man HOST
-
Sep 24, 2006 (7:49 am)
-
|
|
Replying to: tjones39 (Sep 21, 2006 7:28 pm)
Tjones39, unfortunately the $2,000 customer cash that GM is currently providing on the 2006 Hummer H3 is not compatible with its special lease program.
Car_man
Host
Prices Paid Forum
|
- #231 of 404
-
Re: Is this BS or What? [davese]
by Car_man HOST
-
Sep 24, 2006 (8:01 am)
-
|
|
Replying to: davese (Sep 23, 2006 5:37 pm)
Hi Dave. Most manufacturers advertise leases on base models to make their monthly payments look lower. This is the case with the lease that GM is advertising on the 2006 Hummer H3 right now. The MSRP of the vehicle that is being advertised is $29,500. As you were told, this is the MSRP for a stripped Hummer H3 with a manual transmission. I would be happy to give you my opinion on the deal that you were quoted, but in order for me to do so I need you to provide me with the MSRP and selling price of the exact truck that you want.
As far as the down payment goes, you are free to put as much or as little down on leases as you want. In fact, it is in your best interest not to make any sort of capitalized cost reduction when leasing. I say this because if your leased vehicle is totaled in an accident or stolen and never recovered, your down payment essentially disappears. Of course, without any down payment your vehicle's monthly payment will be higher.
Car_man
Host
Prices Paid Forum
|
- #232 of 404
-
Re: Current Lease APR and Residual Values [tjones39]
by Car_man HOST
-
Sep 24, 2006 (8:04 am)
-
|
|
Replying to: tjones39 (Sep 24, 2006 7:14 am)
Hi tjones39. I just answered these questions for you in posts #229 and #230. Please check there for my response. Thanks.
Car_man
Host
Prices Paid Forum
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
