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Prices Paid: Buying & Leasing Experiences Hummer H3 Lease Questions
404 messages, Last post on Jun 30, 2008 at 2:10 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: gokhangulec (Dec 21, 2005 2:20 am) Thanks guys - appreciate the help! |
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Replying to: cwoty (Dec 30, 2005 7:21 pm)  . 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 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 a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what the selling price is. One thing that I can tell you for now is that the down payment that you are being asked for is too large. I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your H3 would be exactly the same, regardless of whether you had put $3,000 down, or had made absolutely no down payment at all. Anyhow, find out the exact selling price and let me know. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: dennisdodd (Dec 31, 2005 3:20 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: jhl1963 (Jan 02, 2006 8:41 am) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Jan 02, 2006 9:27 am) Thanks and happy new year.
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Friends, where is the best way (available on the net?)/when to get the new MFs/Residuals for January (they will change tomorrow, correct?) I have my GMID certificate and want to go finalize a deal armed with the info. Thanks everyone!
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Replying to: Car_man (Jan 02, 2006 9:27 am) I went to a Hummer dealer today in NJ - Paramus Hummer. The sales manager there worked up some info for me (below). I didn't push for any discounts yet, as I wanted to make sure I wanted to deal with them first. Could you please take a quick glance and let me know if the info seems correct? I used the Edmunds calculator and the price seems to be in the ballpark. Thanks very much, Stas Trade Allowance,$0.00 Pay Off of Trade,$0.00 Customer Cash/Rebate,"$1,000.00" Total Cash/Rebate Equity,"$1,000.00" Inception Fees,"$1,912.47" Cash/Equity Defficiency,$912.47 Original MSRP,"$35,020.00" MSRP Discounts,$0.00 MSRP Adjustments,$0.00 Adjusted MSRP,"$35,020.00" Residual Value (71%),"$24,864.20" Annual Miles,"$10,000.00" Mileage Adj: + 3.00%,"$1,050.60" Adjusted Residual Value,"$25,914.80" Assignment Fee,$695.00 Up-Front Tax  6.5%,See Inception Fees Payment recap,27 Months / $553.75
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Replying to: jhl1963 (Jan 02, 2006 2:12 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: jhl1963 (Jan 03, 2006 7:45 pm)  . I should have scrolled ahead. GM's January lease program is funny. It introduced a new one on the 4th, like it was scheduled to, but for some reason it only runs through the 10th. I suspect that it will be very similar after that date, but you never know. You never mentioned how long you want to lease your truck for or how many miles per year you need to be able to drive it, 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. If you were to lease a 2006 Hummer H3 through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 5.9% and 62%, respectively. As you can see, GMAC publishes interest rates instead of money factors for the vehicles that it leases. You can convert its lease rates into approximate money factor equivalents by dividing them by 2400. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: stasomatic (Jan 07, 2006 6:01 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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