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Re: Hummer H3 Alpha [jf7227]
by Car_man HOST
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Feb 27, 2008 (3:47 am)
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Replying to: jf7227 (Jan 24, 2008 7:22 am)
You're very welcome, jf7227. I'm glad that you have found this forum so helpful.
Car_man
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- #373 of 415
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Re: Help me get a deal leasing a Hummer [jthomas6727]
by Car_man HOST
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Feb 27, 2008 (3:58 am)
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Replying to: jthomas6727 (Jan 30, 2008 9:34 pm)
Greetings jthomas6727. Since you are new to the world of 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.
From the looks of it, you have already checked out the 10 steps piece. I will boil things down even further for you. The two most important numbers to focus on when leasing a new vehicle are its selling price and the interest rate or money factor that you are being charged. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Comparison shop with a few dealers for the best possible price on the new H3 that you want.
The combination of lackluster new vehicle sales, high gas prices, and the H3's poor crash test results will probably enable you to get a great deal on one right now. If I was in the market for a new H3 right now, I personally would shoot for a selling price of right around dealer invoice. You can look up the dealer invoice price of the exact truck that you want by visiting the following section of this site: New Vehicle Pricing. When negotiating your lease on this truck, make sure to take the $1,050 lease cash and $1,000 bonus cash that General Motors is currently providing on it into account.
Once you have arrived at a selling price that you are happy with, have the dealer calculate your lease payment using GMAC's current base lease rate of 4.0% and you're all set.
Car_man
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- #374 of 415
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Re: Money Factor for 2008 H3 [slewis01]
by Car_man HOST
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Feb 27, 2008 (4:11 am)
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Replying to: slewis01 (Jan 31, 2008 7:59 am)
Hello slewis01. The H3's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in 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. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 4.0% would be equivalent to an interest rate of around .00167. When negotiating your lease on this truck, make sure to take advantage of the $1,050 lease cash and $1,000 bonus cash that General Motors is currently providing on it into account.
Car_man
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- #375 of 415
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Re: 2008 H3 Lease Questions [oemsls]
by Car_man HOST
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Feb 28, 2008 (2:15 am)
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Replying to: oemsls (Feb 23, 2008 9:48 am)
Hi oemsls. Here's the information that you are looking for. 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. As you can see, GMAC publishes lease rates instead of money factors for the vehicles that it leases. You can convert its published lease rates into approximate money factor equivalents by dividing them by 2400. So a lease rate of 4.0% would be equivalent to a money factor of around .00167. When negotiating your lease, make sure to take advantage of the $1,000 bonus cash and $1,050 lease cash that General Motors is currently providing on it. Good luck in your quest for a new Hummer and make sure to stop back and let us all know how it goes.
Car_man
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- #376 of 415
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IS THIS A GOOD DEAL?????????????????
by rmichaels55
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Mar 03, 2008 (10:11 am)
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H3- Base
- Adventure Package
- Sunroof
- Chrome Appearance Package
- Chrome wheels
- Chrome gas gas cover
- Power Driver seat
- Side Chrome tube steps
- Roof rails
$379/month, includes taxes
$1,800 down, includes first payment, and all up front fees.
27 month lease
10,500 miles per year
The MSRP is almost $39K and the lease is based off a selling price of $34K, which is well below invoice. Although the buyout seems high at $27,496, but it is a short lease term.
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- #377 of 415
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Current Lease Incentives on H3
by addisonmb
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Mar 21, 2008 (6:05 am)
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Car_man,
I'm looking at doing a SmartLease or SmartBuy on a 2008 H3 (haven't decided between base or alpha right now). When I use the GMAC lease tool on the Hummer site it automatically includes a $1,750 manufacturer's allowance. Do you know if this includes the $1,000 lease rebate that Edmunds has listed in the incentives area or is this in addition to the rebate?
Thanks
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- #378 of 415
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2008 h3 lease
by raw4uuu
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Apr 01, 2008 (10:29 am)
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bad, good or great deal ?? on a 2008 h3 sticker msrp was 37230.00. lux pkg,pwr moon roof, automatic, chrome door handles and mirrors . 39 months with 12000 miles a year. long island ny. 415.00 a month 0 down and taxs included in monthly payment. how did i do ?????? factory rebates were 3050.00
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- #379 of 415
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Re: IS THIS A GOOD DEAL????????????????? [rmichaels55]
by Car_man HOST
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Apr 16, 2008 (2:47 am)
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Replying to: rmichaels55 (Mar 03, 2008 10:11 am)
Hi rmichaels55. The truck that you described probably has a spread of around $3,200 between its full MSRP and its dealer invoice price. Add to this the $1,050 lease cash and $1,000 bonus cash that General Motors is currently providing on this truck and you have a total of around $5,250 to play with during your negotiations. The $5,000 discount that you were quoted looks great to me. Just make sure that the dealer that you are working with uses GMAC's current base lease rate of 4% to calculate your monthly payment and you're in business.
Car_man
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- #380 of 415
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Re: Current Lease Incentives on H3 [addisonmb]
by Car_man HOST
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Apr 16, 2008 (2:49 am)
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Replying to: addisonmb (Mar 21, 2008 6:05 am)
Hi addisonmb. General Motors is currently providing $1,050 lease cash and $1,000 bonus cash ($2,050 total) on all 2008 Hummer H3 models. It has an additional $1,000 cash incentive on Alpha models that have been sitting on dealer lots for a long time.
Car_man
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- #381 of 415
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Re: 2008 h3 lease [raw4uuu]
by Car_man HOST
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Apr 16, 2008 (2:52 am)
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Replying to: raw4uuu (Apr 01, 2008 10:29 am)
Hi raw4uuu. It looks like the dealer that you are working with took all of the cash incentives that General Motors is currently providing on this truck into account on your deal. That is a good thing. You never mentioned what this truck's exact selling price is though. 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 the vehicle that they want to lease is that it is necessary to calculate its lease payment. I am sure that myself or some other helpful community member will be happy to give you their opinion of this deal if you let us know what the selling price is.
Car_man
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