- #251 of 415
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Re: Lease to End [davese]
by Car_man HOST
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Oct 13, 2006 (1:21 am)
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Replying to: davese (Sep 26, 2006 4:02 am)
What you were told is true, davese. General Motors is no longer providing lease support on 2006 models. If you want to lease you will have to either try to lease an '06 model through an independent bank or better yet lease an '07 model.
Car_man
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- #252 of 415
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Re: 27 Month Lease Payment-Purchased Today!!! [tjones39]
by Car_man HOST
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Oct 13, 2006 (1:23 am)
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Replying to: tjones39 (Sep 26, 2006 7:18 pm)
Congratulations on your new truck, tjones39. Thanks for taking the time to share such a detailed description of your deal with everyone. Enjoy!
Car_man
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- #253 of 415
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Re: Residual for 2007 H3 [lookingforh3]
by Car_man HOST
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Oct 13, 2006 (1:40 am)
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Replying to: lookingforh3 (Sep 27, 2006 12:21 pm)
I can give you an idea of what the 2007 H3's lease program is like right now, lookingforh3. If you were to lease one through GMAC right now for 39 months with 12,000 miles per year, its base lease rate and residual value should be 3.45% and 60%, respectively. When negotiating your lease on this truck, make sure to take the $750 bonus cash that General Motors is currently providing on it into account. It will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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- #254 of 415
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Re: Current Lease APR and Residual Values [jcee1]
by Car_man HOST
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Oct 13, 2006 (2:56 am)
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Replying to: jcee1 (Oct 07, 2006 11:02 pm)
Hi John. You never mentioned the selling price or MSRP of the H3 that you are leased. These are important numbers for you as a consumer to know for two reasons. One, they will show me how much of a discount you were given on your truck. And two, they will enable me to use GMAC's actual lease program to estimate what its monthly payment should be. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Car_man
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- #255 of 415
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Re: Leasing Question [jchigg2000]
by Car_man HOST
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Oct 13, 2006 (4:18 am)
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Replying to: jchigg2000 (Oct 09, 2006 1:34 pm)
Hi jchigg2000. If you want to lease an H3, you don't really have a choice. General Motors is no longer providing lease support on the 2006 model. You'll have to go with an '07. I would be happy to give you an idea of how much this truck will cost to lease if you provide me with its approximate selling price. The GMID certificate is given by General Motors to its employees. Each employee can give out a select number of certificates to their friends and family. The certificate allows the holder to purchase a new GM vehicle at its employee purchase price, which is less than they would have to pay if they had negotiated a deal on their own. If you don't know someone who works for GM, you are going to have a tough time getting a certificate.
Car_man
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- #256 of 415
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Check this Quoted Lease on 2007 H3---Is this a good deal???
by billhi
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Oct 13, 2006 (11:36 am)
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Lease
Looks good to me...can you please comment..thanks.
THIS IS FOR 15K MILES PER YEAR
term 39 months
rate 3.45
msrp 37510
lease amount 35732
rebate 750
customer cash 2500
Total cap cost 36327
ner cap cost 34053
residual 57%
residual amount 21380
base payment 405.75
total payment 439.22
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- #257 of 415
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Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [billhi]
by drockhold
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Oct 14, 2006 (7:20 pm)
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Replying to: billhi (Oct 13, 2006 11:36 am)
Hey BillHi,
I just leased a new 2007 Hummer H3X in Columbus yesterday for my wife.
The H3x is a new model special edition. It includes heated monogrammed seats, all leather, lots & lots of chrome and luxury features. The H3X lists for $37,545.00. Other Extras I got include the Nav radio, 4 spd. auto tranny, power sunroof, trailer hitch & wiring and XM Sat. radio.
I signed a 39 month lease for $506 per month (includes taxes) and only put down the 1st months payment and use tax/registration fees-total out of pocket was $685.00
This is for 10,000 miles per year (she only drives about 8K per year)
Here are the numbers.
MSRP----------------43,215
Discounted price of-40,115
GMAC Admin. Fee----- 595
Sales Tax OHIO------ 1200
Cap Cost of---------41,910
Consumer Rebate----- 750
ADjusted Cap Cost---41,160
Residual of 61%
Residual amount of--26,361
I think I got a great deal and she is very, very happy with the Bright Red color with all the chrome!
Rock78
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- #258 of 415
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Re: Car_Man is this a good deal? [johnnyd5555]
by Car_man HOST
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Oct 15, 2006 (4:47 am)
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Replying to: johnnyd5555 (Oct 10, 2006 9:29 am)
Hi johnnyd5555. GMAC's base lease rate for the 2007 Hummer H3 is currently 3.45%. As long as your credit is in good shape and you paid a security deposit, it looks like the dealer that you got your truck from marked its rate up by 1% to add additional back-end profit to your deal. As far as this truck's price goes, a base 2007 Hummer H3X has a spread of $3,000 between its full MSRP and dealer invoice price. Plus, GM is providing $750 bonus cash on it right now. That gives us a total of around $3,750 to play with. You were given a discount of $2,215 on your H3. This is around $1,500 over invoice, which isn't bad but might be able to be beaten if you are in an area that has a decent level of competition. So you didn't get a bad deal, but it's not the best deal that I have seen either.
Car_man
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- #259 of 415
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Re: Question [lsulaw52]
by Car_man HOST
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Oct 15, 2006 (4:50 am)
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Replying to: lsulaw52 (Oct 10, 2006 7:26 pm)
Hi lsulaw52. This late in the model year many manufacturers stop providing lease support on leftover models. This is because vehicles' residual values fall as the model year progresses. This late in the model year 2006 models' residual values are so low that it would be too expensive for manufacturers to put enough lease support on them to provide attractive lease payments. You may still be able to lease a 2006 Hummer through an independent bank, but if you want to lease you really would be better off leasing a 2007 model.
Car_man
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- #260 of 415
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Re: Hummer H3 lease yay or nay [squared22]
by Car_man HOST
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Oct 15, 2006 (4:54 am)
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Replying to: squared22 (Oct 12, 2006 4:36 pm)
Hi squared22. It is normal to have to pay fees on leases at signing. Most banks charge consumers their vehicle's first month's payment, a security deposit that is equivalent to that payment rounded up to the nearest $25 or $50 increment, and a "bank" or "acquisition" fee. GMAC charges an acquisition fee of $595 on every vehicle that it leases.
I would be happy to give you my opinion on the specific leases that you were quoted if you provide me with the MSRPs and selling prices of the vehicles that you are interested in. These numbers will show me how much of a discount you are being given and they will enable me to use GMAC's actual lease program to estimate what your monthly payment should be.
Car_man
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