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Hummer H3 Lease Questions

405 messages,  Last post on Jul 14, 2008 at 7:00 AM

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

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#394 of 405 Re: THanks! Looked at other dealers before taking over the lease! [dangermoose] by dawnie417 May 11, 2008 (6:39 am)
Replying to: dangermoose (May 10, 2008 4:59 pm) Hi, we went with the black one, and the interior is black w/ the morocco-toned seat inserts. Love it! It's so sharp. I totally hear ya on the price of gas!!! The H3 actually isn't "that bad" on gas....well the 5 cyl. If you do get the H3, be sure you get the 3.7L 5cyl. and not the 8 cyl. I have the window tag right here and it says on average highway miles is 18mpg. (Expected range for most drivers 14-22 mpg). The guy we almost took his lease over said he got 20 mpg. My Altima got about 23 mpg. so it's just a couple miles per gallon less we're getting w/ the H3. We decided to sell my hubby's Dodge Ram 2500 diesel and keep my Altima for him. He's sacrificing and will do w/o a truck. For us, it's more cost effective as his diesel is alot of money on gas! I need to take pics of our H3 (should have done it yesterday) before alot more pollen covers it and makes it lookm ore dirty! lol   Let me know if you have ANY other q's. I'd be happy to answer. Let me know what you decide!
#395 of 405 Re: THanks! Looked at other dealers before taking over the lease! [dawnie41 by Car_man HOST May 13, 2008 (2:56 am)
Replying to: dawnie417 (May 10, 2008 4:12 pm) Congratulations on getting your new H3, dawnie417. I'm glad that everything worked out for you. Thanks for taking the time to let us all know how everything turned out. Enjoy your new Hummer . Oh and make sure to stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#396 of 405 Re: GMS Discount [Car_man] by asch May 13, 2008 (2:55 pm)
Replying to: Car_man (May 09, 2008 2:49 am) It seems that the dealer was doing just what you said. He gave me a quote showing a 5% lease factor, if I'm not wrong I read Hummer has a 4% lease factor.    Makes me wonder if I am even getting a true GMS price! Tell me what you think, MSRP $38,975 Lux. package Chrome wheels Chrome apperance package Moonroof    $2800 GMS discount $1000 spring event bonus $600 Cap cost reduction Total $34,575   sound right? Replies to this message: cadillacmanaz (May 17, 2008 4:25 pm)
#397 of 405 Re: GMS Discount [asch] by cadillacmanaz May 17, 2008 (4:25 pm)
Replying to: asch (May 13, 2008 2:55 pm) GMS pricing is 500 dollars above dealer invoice. If your not sure ask your dealer to see the invoice. Most invoices from GM will show the GMS pricing right on them. keep in mind gms does not generally apply to dealer adds.
#398 of 405 h3 - base 2008 lease by sportingly May 19, 2008 (10:08 pm)
greeting from s. calif. (n. county san diego) h3 39 mo. lease 15,000 miles mo.   2008 hummer MSRP-- $33,340 plus hitch $350 "negotiated" $31,000 minus $1,650 (1,000 spring plus $650) $29,359 net minus $4,000 trade/dwn (trade-in taxed at 7,75%.. urgh>)   came out to be $344.00/month -- out the door Thoughts>>??? Thanks---- it's appreciated!!!!
#399 of 405 Early Lease Trade by jadeh3 May 26, 2008 (10:27 am)
I just started my smart lease at the end of January 08. I was wondering if anyone knew how it would work if I wanted to get out of this lease to get into something more practical. My lease payment is very low... 319/month but I get really depressed putting gas in it. Great vehicle but I can't afford to put gas in it anymore. Replies to this message: Car_man (Jun 09, 2008 2:28 am)
#400 of 405 Current Figures by mander30 May 28, 2008 (11:17 am)
Does anyone know what the current residual and money factor would be on a 15k/year 36 month lease? Thanks! Replies to this message: Car_man (Jun 09, 2008 2:39 am) wpbond (Jun 19, 2008 4:21 pm) Car_man (Jun 30, 2008 2:10 am)
#401 of 405 Re: Early Lease Trade [jadeh3] by Car_man HOST Jun 09, 2008 (2:28 am)
Replying to: jadeh3 (May 26, 2008 10:27 am) Hi jadeh3. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you essentially need to purchase the Hummer that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. This will be especially true for an SUV with today's gas prices. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth 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: sysop, "Real-World Trade-In Values" #, 14 Dec 2000 11:07 pm. Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#402 of 405 Re: Current Figures [mander30] by Car_man HOST Jun 09, 2008 (2:39 am)
Replying to: mander30 (May 28, 2008 11:17 am) Here you go, mander30. 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 2.75% 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.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: wpbond (Jun 19, 2008 4:21 pm) Car_man (Jun 30, 2008 2:10 am)
#403 of 405 Hummer H3 Lease Questions - latest figures by wpbond Jun 19, 2008 (4:21 pm)
Replying to: Car_man (Jun 09, 2008 2:39 am) Car man,   A few questions about HUMMER H3 leases:   1. Are the money factors and residuals the same for H3 Base/Luxury versus H3 Alpha? 2. HUMMER currently has a $5K incentive for H3 purchases. Are they putting any incentive cash into H3 leases (either to customers or dealers)? 3. Does GM change the residuals and/or money factors when you change from a 24 to a 27 month lease or from a 36 to a 39 month lease? 4. With no money down and 15K miles/year, what is likely to be the lower payment/better deal, a 24 month or 36 month H3 lease? 5. Are the lease residuals and money factor you quoted on June 9th (above message) still valid? At the time you said a 36 month H3 lease at 15K mi/yr was 2.75% and 58% residual. If the 24 month is a better deal, please provide that data.   Also, if the H3 Alpha has different lease #'s, please provide those for 36 or 24-- whichever is better.   Thanks! Replies to this message: Car_man (Jun 30, 2008 2:10 am)

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