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Hummer H3 Lease Questions

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

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#48 of 405
negotiations by degraw
Dec 22, 2005 (7:54 am)
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We are looking to purchase a H3. I was looking for some advice as to what I should expect to pay for a H3 with the Luxury Package? Also, How do you get a GMID?
#49 of 405
Re: negotiations [degraw] by mechilds
Dec 22, 2005 (8:55 am)
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Replying to: degraw (Dec 22, 2005 7:54 am)

Here is the lease deal I was quoted:
 
MSRP- $35,420.00
 
Invoice- $31,989.88 (You should be able to get at least invoice price; these things are sitting on dealer lots by the hundreds in Houston)
 
Lease Terms- 36 months/15,000 miles per year
 
Upfront Money- First months payment
 
"Agreed Upon" price- Invoice
 
Final Capitalization Cost- $35,226.31 (sales tax in TX on autos is 6.25%, so there is an extra $1034.79 in fees in there for some reason)
 
Residual Value- 49%
 
Money Factor-.00193 (4.6%)
 
Monthly Payment- $598.84 *I calculated a monthly payment of $601.70 plugging the numbers into the formula as I know it, so their number seems right)
 
Anybody see something I am missing?? CarMan, does this deal sound right, and is it a good one??
#50 of 405
Re: negotiations [mechilds] by degraw
Dec 22, 2005 (9:18 am)
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Replying to: mechilds (Dec 22, 2005 8:55 am)

We want to purchase so you are saying that a $35,000 should sell for about $31,900?
#51 of 405
Re: negotiations [mechilds] by marblez
Dec 22, 2005 (2:54 pm)
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Replying to: mechilds (Dec 22, 2005 8:55 am)

I know you didn't ask me but I don't think that is a good deal.
 
1. The Capitalization Cost is the price you are paying for the truck. Subtract the "fees" and the price you are paying is 34192 not exactly invoice.
 
2.I calculated a H3 with a MSRP of 35455 using a GMID the selling price is 32441 with only the 1st payment down your payment for 36mo 15k should be 467 a month plus tax. That is from GMAC.
#52 of 405
Re: negotiations [mechilds] by gokhangulec
Dec 22, 2005 (6:25 pm)
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Replying to: mechilds (Dec 22, 2005 8:55 am)

* Your residual is really low. For 36 months and 15k, it should be 62%. This is what I learned from this forum. You should try to get it up.
* But your interest rate is better than what I have seen here. The best was 5.9%, but yours is 4.6%.
 
Please use http://www.leaseguide.com/calc.htm to calculate your monthly payment.
 
I hope this helps.
#53 of 405
Re: negotiations [marblez] by degraw
Dec 22, 2005 (10:34 pm)
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Replying to: marblez (Dec 22, 2005 2:54 pm)

Thanks for your info, I was looking at purchasing vs. lease- I don't think a lease is for us, I don't like the mileage restrictions etc...
#54 of 405
GMID Certificate by ddarling
Dec 25, 2005 (3:07 pm)
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Anyone got one left for December? I'd like to get a Hummer H3.
Thanks.
#55 of 405
by car_will
Dec 28, 2005 (3:21 pm)
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Hi All,
 
First post here….. I’m very interested in buying or leasing the H3. I’m dealing with the Sales person via email and have been offered $1,23.50 over invoice, MSRP is being listed as $33,970 for the 1SA and $35, 909 for the 1SC. Couple of questions.
 
1. Is MSRP the same as invoice price?
2. Is this a good deal?
3. Should I jump on this for the free DVD system, offer expires Jan 31st?
 
Just one more thing – I noticed that the prices were around a $1k+ cheaper yesterday, until I shared my figures with the Salesman…..
 
Thanks in advance,
 
Cheers and happy new year to all…..
#56 of 405
Re: [car_will] by marblez
Dec 29, 2005 (7:53 am)
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Replying to: car_will (Dec 28, 2005 3:21 pm)

MSRP is the price on the factory sticker on the window, Invoice is the dealers "cost" included in that will be advertising and holdback 3% that the dealer gets back.
 
If you get a GMID a H3 1SA with MSRP of 33965 will sell for 31299. H3 1SC with MSRP of 35900 will be 32908.
 
In my opinion the DVD system is a personal choice wouldn't influence me either way. I thought the DVD was $499 not free. Maybe it is different where you are.
 
Remember the price will not be he price until you are sitting at the dealer and signing the papers. I know Hummer dealers are not close to most people but if you have a GMID at least you know the price and you will have access to a special version of GM Buypower where you can see the prices and figure out lease and buy payments. If you are near Pa I can reccomend a dealer.
#57 of 405
Just got a lease quote on a Hummer H3 by cwoty
Dec 30, 2005 (7:21 pm)
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Hello,
  First off I've been reading these forums for a month now and really like them, Anyways Originally my wife and I were going to get a Honda Pilot, Until she saw the Hummer H3. Here is the quote we got for a lease on a 2006 Hummer with an MSRP of $37,442. It is the Lux package with the Chrome, and Sunroof, and Tow package. Ok with $3K down, The payments for a 36 month 15K Miles a year lease are $500 a month after taxes. I told him I had a GMID certificate and he said this is a better deal than that so don't bother. Oh and it comes with the 2 DVD players in the Headrests. Does anyone know if this is a good deal?
Thanks!

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