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Re: Leasing info. [dognut2]
by Car_man HOST
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Jun 14, 2007 (3:22 am)
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Replying to: dognut2 (May 13, 2007 5:26 am)
Hello Bob. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
I see that you are considering trading your current vehicle in when you lease your new Hummer. There's nothing wrong with doing this, but it would be in your best interest to have the dealer that you're working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing. Those who make them, risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
Car_man
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- #342 of 394
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Re: Hummer H3: Lease Questions [akr11]
by Car_man HOST
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Jun 14, 2007 (3:25 am)
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Replying to: akr11 (Jun 12, 2007 6:38 pm)
Hello akr11. You never mentioned the selling price or MSRP of the H3 that you are interested in leasing. These are important numbers 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are.
When negotiating the selling price of the H3 that you're interested in, make sure that you take advantage of the $950 (that's a strange number isn't it. Why not just make it $1,000?) bonus cash that is currently available on it.
Car_man
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- #343 of 394
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Newbie, who's looking to lease a 07 H3 Base
by jhuffman
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Jun 30, 2007 (6:18 pm)
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Hey Car_Man,
Thanks for taking my question. Does a residual value of 28,795 sound "kinda" high. Should'nt it be around 20-23,000 on a 39 mos lease w/no money down w/10000 miles a year, on a 07 Base model H3 w/tow package and xm radio. My salesman gave me this number before he even ran my application. I should know the Money Factor...right? I have a Chevy S-10 Zr2
that I still owe 10,885 on and I figure I have close to 4500 in equity in it and they offered 12000 for it. Should I negotiate more for my trade? Fair market value for it is around 14,000-16,000
Any advice would be greatly appreciated !
Thanks,
Jeff
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- #344 of 394
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39 month lease
by debster5430
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Jul 10, 2007 (11:49 pm)
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2007 Hummer h3 Base w/sunroof and side running boards...vehicle is Boulder Grey...they paid off $900-on my last veh leftover payments...MSRP $33,950
Lease Price $32,400
Cap Cost Reduction $1500.00
Length 39 Months
Lease Rate 4.0
Residual Value $20030.50 Rent Charge $3502.96
Total Money down $1687.40
Monthly Payment $425.87...CAN ANYONE TELL ME HOW I DID AS A SINGLE GIRL GOING TO BUY A CAR BY HERSELF??? Thanks
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- #345 of 394
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Re: h3 lease payment [marblez]
by piepiezzz
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Jul 11, 2007 (7:55 am)
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Replying to: marblez (Nov 15, 2005 6:25 am)
I was just quoted:
H3 Black/Black Tactical Edition
GM plan
MSRP 35,135
Sell 31,199
Sign and Drive (other than plate transfer)
39 months 39,000 miles
$409/month
I believe this is a good deal......
Does anyone know the best way to get out of another GM lease with 11 months left?
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- #346 of 394
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Re: h3 lease payment [piepiezzz]
by mikeb10
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Jul 11, 2007 (8:07 am)
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Replying to: piepiezzz (Jul 11, 2007 7:55 am)
Sometimes they have an early lease exit if your buying another GM ask the salesman. They offered me an early exit when I bought my H3 but was under 6 months. 11 months is a little long.
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- #347 of 394
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Re: h3 lease payment [piepiezzz]
by steevo
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Jul 16, 2007 (3:15 pm)
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Replying to: piepiezzz (Jul 11, 2007 7:55 am)
Call gm and get the current buyout price for your car. Remember that a Dealer will not pay tax to buy so get that number if available. If the car can be sold for more than that number, you should be able to trade it in. Its essentially the same as trading in a car before the loan is payed off.
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- #348 of 394
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Re: Newbie, who's looking to lease a 07 H3 Base [jhuffman]
by Car_man HOST
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Jul 20, 2007 (3:22 am)
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Replying to: jhuffman (Jun 30, 2007 6:18 pm)
No problem, Jeff. The higher your truck's residual value is, the better because the lower its monthly payment will be. Naturally, the higher the price you can negotiate for your trade, the better. I am not personally familiar with how much a used Chevrolet S-10 is worth on the open market right now, but you may be able to get an idea by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
Car_man
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- #349 of 394
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Re: 39 month lease [debster5430]
by Car_man HOST
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Jul 20, 2007 (3:30 am)
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Replying to: debster5430 (Jul 10, 2007 11:49 pm)
Hi debster5430. You definitely are on the right track. You provided all of the important information in your post. As you may already know, the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Shop around for the lowest possible selling price on the H3 that you want, making sure to take advantage of the $1,000 lease cash that is currently available on it. I am personally not all that familiar with what the market is like for the H3 in your area right now, but I suspect that you should be able to do better than the $32,400 that you were quoted. The 4.0% lease rate that you were given is right on the money.
Car_man
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- #350 of 394
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Re: h3 lease payment [piepiezzz]
by Car_man HOST
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Jul 20, 2007 (3:33 am)
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Replying to: piepiezzz (Jul 11, 2007 7:55 am)
Hi piepiezzz. General Motors will currently waive the final four payments for lessees who purchase or lease a new GM vehicle, but 11 months is a lot more than that. Why do you want to get out of your current vehicle so early? Chances are that it will be very expensive for you to get out of your lease almost a year early. You would be better off waiting until you are closer to the scheduled end of your current lease to get something new.
Car_man
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