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Hummer H3 Lease Questions

415 messages,  Last post on Apr 27, 2009 at 5:09 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#261 of 415
Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [billhi] by Car_man HOST
Oct 15, 2006 (5:08 am)
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Replying to: billhi (Oct 13, 2006 11:36 am)

Hello billhi. The lease rate that you were quoted for this truck is right in line with GMAC's current program for it. This is a good sign because it means that the dealer that you are working with is not trying to mark your vehicle's rate up to add hidden back-end profit to your deal.
 
Now let's take a look at this truck's selling price. I believe that the vehicle that you described has a spread of around $3,300 between its full MSRP and dealer invoice price. You were quoted a discount of $1,778. This is around $1,500 over dealer invoice. That is the same margin that the previous poster I responded to was quoted. If you are in an area that has a lot of dealerships, I would not be surprised if you were able to beat that price, but it's not bad.
 
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#262 of 415
Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [drockhold] by Car_man HOST
Oct 15, 2006 (5:09 am)
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Replying to: drockhold (Oct 14, 2006 7:20 pm)

Congratulations on your new truck, Rock78. Thanks for taking the time to share the details of your lease with everyone. Enjoy!
 
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#263 of 415
leasing question by rebeldog
Oct 21, 2006 (7:19 pm)
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looking at a 2007 H3 base package with sunroof,trailer package and adventure package is this a good deal
msrp 35480
final price 33480
term 39 months 12000 miles
rate 3.45 59%
2200 down which includes 1st and fees
monthly payment 391
 
thks
#264 of 415
Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [drockhold] by oregonhummer
Oct 28, 2006 (10:14 am)
Reply

Replying to: drockhold (Oct 14, 2006 7:20 pm)

Hi Car Man,
I am new to this site, visited my dealer before I found your site.
 
After reading info here on leasing, I am not feeling that great about the lease agreement I signed. I will not take ownership of the H3x until next week. Is it too late to modify the lease? They said they can not offer a discount on the H3x?? I had to pay full MSRP
 
Here is the break down for my deal, I appreicate any input you can offer.
 
THIS IS FOR 15K MILES PER YEAR on 2007 H3X
term 48 months
msrp 43,365
lease amount 29710.24
rebate 750
customer cash 2775.13
 
monthly payment 557.13
#265 of 415
Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [oregonhummer] by drockhold
Oct 28, 2006 (11:52 am)
Reply

Replying to: oregonhummer (Oct 28, 2006 10:14 am)

Sir,
 
Please read the fine print on the lease---I wonder about the fact is that you have not taken final delivery of the vehicle as yet.
 
I think I'd call a lawyer to get his opinion.
 
Likewise, you could always "conveniently" find something "wrong with the vehicle." Meaning that once you've inspected it, that it doesn't contain an option or options that you were under the impression that was going to be included with the vehicle.
 
ERGO: Be dumb about how the whole process works.
 
I still think I'd call an lawyer for his opinion first.
 
Another thing you could do is to threaten to have this same attorney come back to the dealership with you to explain to the owner/sales manager how you have been duped by "mis-leading" statements during the sales process.
 
I am sure that if you put up enough of a stink, that the dealer will tear up the contract and let you out of it--especially if you feel you have been mis-lead during the sales process. It's cheaper for him to do that then to have him waste his time to argue, fight and waste more money in court.
 
Hope that helps.
#266 of 415
Re: Hummer H3: Lease Questions [Car_man] by florida_hummer
Oct 28, 2006 (2:35 pm)
Reply

Replying to: Car_man (Aug 31, 2005 3:09 am)

Car_man question I test drove my 1st ride in a H3 Lux, Sunroof, Nav. I want to do a 27 Mo lease even if its a couple of bucks more just so I know I can get something new when I am bored. So the deal I got was 27Mo. 12K miles for $504 a mo. thats with tax in the state of Broward Co. FL. with $1,400 down. For what I am getting Lux, Sunroof, Nav. 27/12k is this a good deal? It seemed like when I told the guy I was not in a hurry to buy he said well what number are you looking for to do this deal so I fig what the hell take a shot so I said Low $500's So once he came down 60 buck I fig there is room to nog. Plus he said he'll give me a check for what I just paid my car payment this mo. Since I just told him I dont need to have 2 car payments till I sell mine in a couple weeks..So what is a fare price for what I am getting?
#267 of 415
Hummer H3: Lease Questions by florida_hummer
Oct 29, 2006 (11:30 am)
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PS that was on a 07.. I didnt ask for the MSRP. but thos are the options I want and was givin
#268 of 415
Help with LEASE! by oregonhummer
Oct 31, 2006 (2:50 pm)
Reply
Hi Car Man,
I am new to this site, visited my dealer before I found your site.
  
After reading info here on leasing, I am not feeling that great about the lease agreement I signed. I will not take ownership of the H3x until next week. Is it too late to modify the lease? They said they can not offer a discount on the H3x?? I had to pay full MSRP
  
Here is the break down for my deal, I appreicate any input you can offer.
  
THIS IS FOR 15K MILES PER YEAR on 2007 H3X
term 48 months
msrp 43,365
lease amount 29710.24
rebate 750
customer cash 2775.13
  
monthly payment 557.13
#269 of 415
Re: leasing question [rebeldog] by Car_man HOST
Nov 01, 2006 (3:59 am)
Reply

Replying to: rebeldog (Oct 21, 2006 7:19 pm)

Hi rebeldog. I believe that the dealer invoice price of the truck that you described is around $32,270. Plus General Motors is providing $750 bonus cash on this truck right now. This brings us down to right around $31,500. This is around $2,000 below the selling price that you were quoted. I don't know what the market is like for this truck in your area right now, but $2,000 is a lot of room to play with. If there is another Hummer dealer or two in your area, it wouldn't hurt to comparison shop to see if you can beat this price. The lease rate that you were quoted is right in line with this truck's current base lease rate.
 
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Prices Paid Forum
#270 of 415
Re: Check this Quoted Lease on 2007 H3---Is this a good deal??? [oregonhumm by Car_man HOST
Nov 01, 2006 (4:51 am)
Reply

Replying to: oregonhummer (Oct 28, 2006 10:14 am)

Hi oregonhumm. While the dealer that you are working with will probably try very hard to hold you to your signed agreement, you probably can still get out of this deal if you want to since you have not physically taken delivery of your new truck. Once you drive a vehicle off of the lot, it becomes a lot harder to get out of. I am not personally all that familiar with the market for the Hummer H3X, but I know that I personally would not pay full MSRP for one. Did you shop around at all? It wouldn't hurt to visit or call a couple more dealers to see if they would be willing to provide a discount on a similar truck.
 
Car_man
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Prices Paid Forum

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