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Hummer H3 Lease Questions - READ ONLY

425 messages,  Last post on Jul 14, 2010 at 7:32 PM

You are in the Prices Paid & Leasing Experiences Archive Forum.

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

Messages Page 39 of 43

#376 of 425 IS THIS A GOOD DEAL????????????????? by rmichaels55

Mar 03, 2008 (11:11 am)

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.

#377 of 425 Current Lease Incentives on H3 by addisonmb

Mar 21, 2008 (7:05 am)

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

#378 of 425 2008 h3 lease by raw4uuu

Apr 01, 2008 (11:29 am)

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

#379 of 425 Re: IS THIS A GOOD DEAL????????????????? [rmichaels55] by Car_man HOST

Apr 16, 2008 (3:47 am)

Replying to: rmichaels55 (Mar 03, 2008 11:11 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
Host
Prices Paid: Buying & Leasing Experiences Forum

#380 of 425 Re: Current Lease Incentives on H3 [addisonmb] by Car_man HOST

Apr 16, 2008 (3:49 am)

Replying to: addisonmb (Mar 21, 2008 7:05 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
Host
Prices Paid: Buying & Leasing Experiences Forum

#381 of 425 Re: 2008 h3 lease [raw4uuu] by Car_man HOST

Apr 16, 2008 (3:52 am)

Replying to: raw4uuu (Apr 01, 2008 11:29 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
Host
Prices Paid: Buying & Leasing Experiences Forum

#382 of 425 Re: 2008 h3 lease [Car_man] by raw4uuu

Apr 16, 2008 (3:54 pm)

Replying to: Car_man (Apr 16, 2008 3:52 am)
thanx for the reply but not sure what you mean by selling price ? the sticker was 37230.00 including all options.

#383 of 425 GMS Discount by asch

Apr 29, 2008 (3:35 pm)

I am able to get the gms discount, I was wondering if it is a set price or if I nogotiate the best price possible then get a discount on top of that?

#384 of 425 At NJ Dealership: Lease deal good? by dangermoose

May 03, 2008 (3:31 pm)

I have an offer from a dealer today in NJ for:
Solar Flare Orange H3 with Lux package
Navigation
Rearview Camera
Chrome package
Chrome wheels
Sunroof
Automatic transmission
 
$2000 down (includes first payment, fees, etc)
39 months
10K miles/year
 
$399/month
 
This seems like a great deal, but I'm not sure.

#385 of 425 Taking over a lease - good deal? by dawnie417

May 07, 2008 (5:11 pm)

Hi there! I am totally estatic that I found this board!! I'm not sure how "fast" you answer questions, but I hope you can answer this before Saturday. Anyway, I've read some of the posts already and have learned alot. My question:
 
We have NEVER leased before, and have considered leasing a H3. Long story short, on the news here in NJ they spoke about leasetrader.com (where you can take over other pple's leases which can be a great way to save $$) so we looked and we stumbled upon a 2008 H3 to take the lease payments over. It's in the next town over from us, and the guy doesn't need it anymore cuz he moved to NYC. Here is the info:
 
~ 2008 Hummer Sport edition
~ Value of it was $35,000. He put $3,000 down and the lease is for 36 mos. with the option to trade in during the 24 month. He's in the middle of his 5th month into the lease. Monthly payment is $379/mo including taxes. 12,000 mileage allotment per year. .10 cents over for each mile over.
~ The lease is with Gold Coast HUMMER of Oakhurst, NJ. He has 5000 miles on a 12000 mile a year lease which puts it under the monthly limit.
 
Other info:
He added chrome inserts on the top grill of the hood along with a chrome gas insert and chrome side molding. It's all black with tinted back windows and black and red interior. Added features include a CD player along with XM and Onstar/Onstar telephone. Outside thermostat on the rear view mirror and mirror itself dims according to time of day.
 
The only thing we would have to pay is $595 for GMAC for the transfer of title, dmv fees and all that crap. The owner even offered to chip in some of that cost. He is also throwing in his TomTom GPS.
 
Unfortunately it doesn't have leather or a sunroof...2 things we really like, but are willing to sacrifice that if this is a good deal for us considering we pay nothing down since that was already done!
 
SO MY QUESTIONS are as follows:
1) Is this a good deal for us? I'm thinking it is for us, considering we are not shelling out a dime (besides the fees to GMAC). Also, out of curiousity, did this guy get a good deal out of it (he put $3,000K down)?
2) Is there any "downfalls" in doing this by taking over a lease? Anything to 'watch' out for? Would like to hear your opinion on this.
3) Concerning buyout: I asked him about the buyout and his response was this:
"I just spoke with the dealer, it was kind of high he said due to the fact of the condition that I described to him. Rough estimate of 28000 (he said he needs to see the car to get an exact). It retailed at 35,000 though." Thoughts?
4) He said the car is only a few mos. old. Does this buyout number drop as the car ages??? I'm a little confused about the buyout thing. Not sure if that seems high or not and if so, does that number drop?
 
THANK YOU SO MUCH FOR YOUR TIME. I would love to hear your opinion on this. We are looking at it on Saturday, and would love to hear what you have to say about it and if you feel this is a good deal for us or not.
 
~Dawn

Messages Page 39 of 43

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