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Prices Paid: Buying & Leasing Experiences 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
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Replying to: ryano1 (Mar 14, 2007 1:31 pm) |
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Hello, Anybody know if the Lease rate (ie money factor) is still 3.43% and also if the current residual for a 2007 H3 base, automatic is still 59% for 12,000 miles? Still negotiating a final price but they are including a $950 cap cost reduction off MSRP. Thanks
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| i just got my official quote yesterday from a local dealer. base H3 with automatic and the dealer had installed tube step bars. with supplier pricing it 29960 +/-. With putting $612 down the payments were 416 a month including tax. that doesn't seem competitive compared to what other people with supplier pricing are getting. they did say their was 950 in cap cost applied as well. too bad all hummer dealers in WI are through bergstrom. | |
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Monkey, Does your hummer have a sunroof? I think the $950 is a rebate for the sunroof, per hummer incentives, also what money factor and residual are you getting?
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I went to my dealership today to look at the H3 and was interested in a base with automatic. When it came to numbers they said they were doing the National ad (299 39mos/10k miles/year) but with the automatic and the step bar on the side included. (they said total due was 3500, which seemed very high) when it came down to it. We wanted 12k miles a year, just inceptions down. and I have 850 to roll in from a GMAC lease. the price came to 423+tax with like 1300 for in inceptions. way too high I think. Any opinions or ideas of where I SHOULD be. I would think they would take all the incentives(3000 down in FL) off of that price, I also have GM points of about 1750 to use, as well as getting GM supplier discount, But I want to find a good price first and then use my discounts.
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Replying to: sinnombre (Apr 01, 2007 10:47 am) Seems that the person in post #313 found the best deal. amazing that we are all trying to use supplier pricing and getting different quotes. I also questioned how the supplier website shows leases with only 1st payment down. the guy i talked to said, the websites are never right. I guess dealers make their money by just saying the website is wrong and here is what we want you to pay. The H3 is nice, but too bad the dealer was a putz and I left uneasy knowing that they couldn't meet what other people had posted for deals that they got with supplier pricing. I told him to let me show him this site and he just said that those vehicles are built different, that dealrs add options on after they get to the lot etc, that makes the price way off. I didn't bother checking what the money factor etc. was, just wanted to leave at that point.
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Replying to: monkey145 (Apr 02, 2007 4:42 am) If the dealer was such a putz that they would expect you to believe the GM couldn't produce an accurate ad I would find another dealer. Although it is possible the salesperson is the problem. I leased mine at Dew Hummer and they were great- no games or gimmicks. I'm sure I didn't get the cheapest price around but they made the purchase an enjoyable experience. H3 Luxury with Offroad package and all options except DVD and GPS, only dealer installed option was chrome step bars: 27 months/27k miles for $465 a month with only first month, tax, and tags down. |
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Replying to: felbie1 (Apr 01, 2007 2:28 pm) went to dealer in fl.was quoted an msrp of 37550 (Base Price + Luxury Pkg + Sunroof + Side Bars) a price of 35,850. ACQ fee 595 DEL fee 347 . A Rebate of 950 . A rate of 5.10% (Seems high based on posts ..is 3.45 reasonable ?) Downpayment 2800 +625 total =3425 residual .61 10k miles /year for a monthly payment on a 39 month lease of 416.55 . Is this reasonable ? appreciate any feedback..
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Car Man, I posted back in Oct. 2006 about a H3X that I leased. Here is the deal to refresh your memory: MSRP $43,815 Lease Price $41600 Cap Cost Reduction $1228.81 Length 36 Months Lease Rate 4.45 Residual Value $25412.70 Rent Charge $4602.20 Total Money down $2500.00 Monthly Payment $604.51 About a month later in November, I went back to the dealership and asked them why I was paying a point higher on my lease rate since I have excellent credit. The sales manager at first said that I was mistaken and that I was paying 3.45. I showed him my original notes from the deal and he ran the numbers and he then agreed that I was paying 1 point to high. I asked him if he could give me a break down as to how they came up with the lease payment. He said that it was a complicated formula and that he would have to get the breakdown from GM. I gave him my cell number and fax number and asked him to contact GM and get the formula and break it down for me by plugging in my deals numbers and then we could get an idea of how much money would be refunded back to me. He then said that he would do that, however, he could not change the deal through GM. He said that I would have to continue paying GM the incorrect (larger) monthly payment and the dealership TURNERSVILLE HUMMER in NEW JERSEY, would simply refund me the balance in one lump sum. Well it has been 4 months and I have not even received a phone call, let alone a refund check. Can you help me with this? I feel like I have gotten ripped off. What should my next step be?
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