- #344 of 404
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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 404
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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 404
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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 404
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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 404
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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 404
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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 404
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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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- #351 of 404
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h3 lease
by roboshap
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Jul 22, 2007 (12:44 pm)
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Just wanted to know if I'm getting a good deal on an h3 luxury package w/ sunroof, 39-month lease, 12,000 mi/yr
MSRP - $36,465
$700 due at signing includes first month payment
$400 per month including tax
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- #352 of 404
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h3 lease
by joeycap
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Sep 27, 2007 (11:20 pm)
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Hi Car man, can you tell me if this sounds about right?
2008 H3 lease..
MSRP: $33,030.00
Selling Price: $31,500.00
39 months, 12k miles per year $5,000 cash total out of pocket at signing
monthly payment $379 per month
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- #353 of 404
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Re: h3 lease [joeycap]
by Car_man HOST
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Oct 09, 2007 (2:21 am)
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Replying to: joeycap (Sep 27, 2007 11:20 pm)
Hi joeycap. The truck that you described probably has a spread of around $2,700 between its full MSRP and its dealer invoice price. Plus, General Motors is currently providing a $300 cash incentives on leases of it through GMAC. That gives you a total of around $3,000 to play with. You were quoted a $1,500 discount. If I was in the market for an H3 right now, I personally would try to beat this price by a couple hundred dollars. Give it a shot, you don't have anything to lose by trying. When you arrive at a selling price that you are comfortable with, make sure that the dealer calculates your monthly payment using GMAC's base lease rate of 4%.
I see that you are considering paying $5,000 at lease signing. I always advise consumers not to make such large down payments on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though your monthly payment would be a little higher, you would be better off going with a zero down lease.
Car_man
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