- #329 of 415
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Re: H3 Lease Prices [ryano1]
by Car_man HOST
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Apr 13, 2007 (2:38 am)
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Replying to: ryano1 (Mar 14, 2007 1:31 pm)
Hi ryano1. If you are able to take advantage of GMS pricing, I am surprised that the lease payments that you were quoted by these dealers were not all exactly the same. GMAC's current base lease rate for the 2007 Hummer H3 is 4.6%. Shame on your wife's uncle for trying to mark up your truck's lease rate  .
Car_man
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- #330 of 415
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Re: H3 lease [ppete1]
by Car_man HOST
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Apr 13, 2007 (2:42 am)
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Replying to: ppete1 (Mar 29, 2007 4:29 pm)
Hi ppete1. The lease rate that you were quoted for this truck is right in line with GMAC's current base rate for it. this is a good sign because it means that this dealer is being straightforward with you about this aspect of your deal. The dealer invoice price of the truck that you described is right around $29,100. Plus GM is currently providing $950 bonus cash on it. That brings us down to $28,150. The selling price that you were quoted is only a couple hundred dollars above that, which is a good deal. If you like the truck, I personally don't see any reason not to go for it.
Car_man
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- #331 of 415
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Re: Leasing in NM [sinnombre]
by Car_man HOST
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Apr 13, 2007 (2:47 am)
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Replying to: sinnombre (Mar 31, 2007 7:11 pm)
Hello sinnombre. GMAC's current base lease rate and residual value for a 36 month lease of a 2007 Hummer H3 with 12,000 miles per year are 4.6% and 61%, respectively. The $950 reduction that you are being given on this truck is bonus cash that is being paid for by General Motors. You should be able to negotiate an additional dealer discount on top of that.
Car_man
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- #332 of 415
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Re: High lease price? [felbie1]
by Car_man HOST
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Apr 13, 2007 (2:51 am)
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Replying to: felbie1 (Apr 01, 2007 2:28 pm)
Hi felbie1. Unfortunately, the customer cash that General Motors is currently providing on the '07 Hummer H3 is not compatible with leases through GMAC. GM is providing $950 bonus cash that can be used to reduce the capitalized cost of leased vehicles though. The fact that you are able to purchase this truck through GM's supplier purchase program is helpful. So is the $1,750 GM card credit that you've earned. Have the dealer use a capitalized cost of the supplier price minus the $950 bonus cash minus the $1,750 GM card credit to calculate your truck's monthly payment. Also, make sure that the dealer is using GMAC's base lease rate of 4.6%.
Car_man
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- #333 of 415
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Re: High lease price? [kris18]
by Car_man HOST
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Apr 13, 2007 (2:58 am)
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Replying to: kris18 (Apr 04, 2007 8:46 pm)
Hi kris18. The lease rate that you were quoted for this truck is slightly high. GMAC's current base rate for the '07 Hummer H3 is only 4.6%. Make sure that the dealer that you are working with uses that rate to calculate your lease payment. As far as the price that you were quoted goes, the truck that you described has a spread of around $3,350 between its full MSRP and its dealer invoice price. That means that you are probably at around $1,650 over invoice or so right now. That's enough room that it wouldn't hurt to try to negotiate with this dealer a little more or to comparison shop with another dealer or two to see if you can beat this price.
Car_man
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- #334 of 415
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Re: I think I need help. [johnnyd5555]
by Car_man HOST
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Apr 13, 2007 (3:06 am)
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Replying to: johnnyd5555 (Apr 05, 2007 8:49 am)
Hi johnnyd5555. It looks to me as though you caught the dealership marking up your lease rate to add additional hidden, back-end profit to your deal. This sort of thing is perfectly legal and actually happens quite frequently. This is why it is very important to research what the base lease rate is for the vehicle that you are interested in prior to finalizing your deal. Now that you have physically taken delivery of your truck this dealer is under no obligation to refund you any money. It sounds like they are just trying to put you off in hope that you will eventually get tired of hassling them and go away. If you make enough noise you may be able to get the dealer to do something for you, but I wouldn't count on it.
Car_man
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- #335 of 415
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hi ppete1
by hamilton4
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Apr 15, 2007 (11:36 pm)
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where did you get this deal? can you tell me the city, state and dealer name?
thanks
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- #336 of 415
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Re: hi ppete1 [hamilton4]
by ppete1
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Apr 16, 2007 (12:19 pm)
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Replying to: hamilton4 (Apr 15, 2007 11:36 pm)
Hummer of Pleasanton, Pleasanton, California...
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- #337 of 415
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24 Month Lease
by holson
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Apr 30, 2007 (12:15 pm)
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Hello,
For a 24 month 10k miles/yr lease on a base $29995 Hummer H3,
I was quoted $4399 out of pocket. ($3000 cap cost reduction, $208 1st mo payment, $150 sales tax on the 3k, the rest is titles/regs/fees + acq fee)
The monthly payment is $208 (incl. 5% tax).
It seems decent to me, what do you guys think? I used the 4.6% rate for a car that costs $28k and a 72% residual and the numbers were very similar. Could I do better?
I'm probably going to try and put $0 down.
Rgds,
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- #338 of 415
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Re: 24 Month Lease [holson]
by Car_man HOST
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May 10, 2007 (2:54 am)
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Replying to: holson (Apr 30, 2007 12:15 pm)
Hello holson. You never mentioned the selling price of the H3 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
General Motors is currently providing a $950 bonus cash incentive on leases of the 2007 Hummer H3. Make sure to take this cash into account when negotiating the capitalized cost for your lease.
Car_man
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