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Hummer H3 Lease Questions

404 messages,  Last post on Jun 30, 2008 at 2:10 AM

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

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#359 of 404 Good Deal or Not? by sschroeder Jan 14, 2008 (5:56 pm)
I was quoted $480.66 + Tax For 36 months lease. 2008 H3x, $45,145.00 MSRP, $5000.00 drive off. I've spent hours on the net but I still can't fifure out if this deal is OK. When the salesman asked me what I wanted to put down I said $5000 drive off thinking this would lower the payment. But is this a good idea? Thanks. Steve Replies to this message: Car_man (Jan 24, 2008 4:22 am)
#360 of 404 Hummer H3 Alpha by jf7227 Jan 21, 2008 (2:03 pm)
Starting to look for a Hummer H3 Alpha w/ Nav. and Rear Camera in Northern NJ. Anyone who has recently leased above vehicle please post monthly lease payment.   I need 15k per year, but I'm undecided on how many months I want. What is the best deal I can get as far as months go, 24 or 36?   I want to "sign and drive." MSRP of the vehicle I looked at is $43,250.   What should I expect as a monthly payment, ballpark. Please help so I can be prepared when negotiating. Replies to this message: Car_man (Jan 24, 2008 4:28 am) jf7227 (Jan 24, 2008 8:22 am) Car_man (Feb 27, 2008 4:47 am)
#361 of 404 Re: 2008 Hummer H3 [bktommy] by Car_man HOST Jan 24, 2008 (4:01 am)
Replying to: bktommy (Dec 27, 2007 5:51 pm) Hi bktommy. What is the MSRP or dealer invoice of the truck that you are interested in? You can look these numbers up in the New Vehicle Pricing section of Edmunds.com. I need to know one of these numbers because they will show me how much of a discount you are being given on this H3. If you give me the MSRP I can also use GMAC's current lease program to estimate what your monthly payment should be.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#362 of 404 Re: GOOD DEAL? [dbcrouse] by Car_man HOST Jan 24, 2008 (4:04 am)
Replying to: dbcrouse (Dec 31, 2007 6:40 pm) Hi dbcrouse. If you leased this truck using General Motors' supplier purchase program then chances are you got a very good deal on it. I would be happy to give you a more detailed analysis of this lease if you provide me with your truck's MSRP and selling price.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#363 of 404 Re: 2008 HUMMER LEASE RATES and RESIDUALS [imininc] by Car_man HOST Jan 24, 2008 (4:08 am)
Replying to: imininc (Jan 13, 2008 11:55 pm) I sure do, imininc. You never mentioned what term or mileage allowance you are interested in, so for now I will assume that you want a 36 month lease with 15,000 miles per year. Let me know if you want something different. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Hummer H3 with 15,000 miles per year are 4.0% and 58%, respectively. When negotiating your lease on this truck, make sure to take the $1,050 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost for your lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#364 of 404 Re: Lease Hummer H3 [jaydog3] by Car_man HOST Jan 24, 2008 (4:19 am)
Replying to: jaydog3 (Jan 14, 2008 4:15 pm) Hi Jay. If you are able to purchase, or in this case lease, the Hummer that you're interested in through General Motors' supplier or employee purchase programs then chances are you are getting a very good deal on it. I would be more than happy to give you a detailed analysis of this deal if you let me know what its MSRP and selling price are.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#365 of 404 Re: Good Deal or Not? [sschroeder] by Car_man HOST Jan 24, 2008 (4:22 am)
Replying to: sschroeder (Jan 14, 2008 5:56 pm) Hi sschroeder. Let me begin by saying that $5,000 is way too much money to pay at lease signing. I always advise consumers not to make any sort of capitalized cost reduction 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. You would be better off going with a zero down lease even though it means your monthly payment will be a little higher.   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 car 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 the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be happy to give you my opinion of this deal if you let me know what its selling price is.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#366 of 404 Re: Hummer H3 Alpha [jf7227] by Car_man HOST Jan 24, 2008 (4:28 am)
Replying to: jf7227 (Jan 21, 2008 2:03 pm) Hi jf7227. GMAC's lease rate is the same for 24 and 36 months, but the 36 month term will provide you with a lower monthly payment because it enables you to spread the large initial depreciation hit that new vehicles experience out over a larger number of payments.   Let's work up a sample lease payment on this truck for you and see what we come up with. The Hummer H3 Alpha probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. For now I will assume that you are able to negotiate a $2,500 dealer discount. According to my calculations, if you were to lease a 2008 Hummer H3 that has an MSRP of $43,250.and a capitalized cost of $39,700 ($43,250 - $2,500 discount - $1,050 lease cash) through GMAC right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $514.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: jf7227 (Jan 24, 2008 8:22 am) Car_man (Feb 27, 2008 4:47 am)
#367 of 404 Re: Hummer H3 Alpha [Car_man] by jf7227 Jan 24, 2008 (8:22 am)
Replying to: Car_man (Jan 24, 2008 4:28 am) Thanks a lot. This forum has been a great help. Replies to this message: Car_man (Feb 27, 2008 4:47 am)
#368 of 404 Help me get a deal leasing a Hummer by jthomas6727 Jan 30, 2008 (10:34 pm)
I am am 20 years old and have never bought a new vehicle... And I have decided to lease a new H3 Base Model With a MSRP of 33.485 How is the best way for me to go about trying to make a deal... Im Lost.... where should I start... I have read the 10 steps to leasing a car but I need someone to kinda of explain what to do what needs to be said... what dont need to be said... How do I know whether I am getting a deal or not... The closest dealership is 2 hrs away from my home... How can I get a deal and not take more then one day of my time?? Thank you! Replies to this message: Car_man (Feb 27, 2008 4:58 am)

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