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Hummer H3 Lease Questions

415 messages,  Last post on Apr 27, 2009 at 5:09 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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#67 of 415
Re: H3 Lease help - fair price or not? [Car_man] by stasomatic
Jan 07, 2006 (5:01 pm)
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Replying to: Car_man (Jan 02, 2006 8:27 am)

Hello there, Car Man!
 
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
#68 of 415
Re: H3 Lease help - fair price or not? [jhl1963] by Car_man HOST
Jan 09, 2006 (3:04 am)
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Replying to: jhl1963 (Jan 02, 2006 1:12 pm)

You're very welcome, jhl1963. Let me know if you have any other questions.
 
Car_man
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#69 of 415
Re: When/where will January Residuals/MFs be available [jhl1963] by Car_man HOST
Jan 09, 2006 (3:09 am)
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Replying to: jhl1963 (Jan 03, 2006 6:45 pm)

Ahhh, I see that you do have another question, jhl1963 . 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
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#70 of 415
Re: H3 Lease help - fair price or not? [stasomatic] by Car_man HOST
Jan 09, 2006 (3:14 am)
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Replying to: stasomatic (Jan 07, 2006 5:01 pm)

Hello stasomatic. I just worked up a lease payment on the truck that you are interested in and the one that you were quoted seems about right. Having said this, you aren't being given any sort of discount on it. You definitely need to negotiate with this dealer more, or to shop around to see if you can get a more attractive selling price.
 
Car_man
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#71 of 415
Re: H3 Lease help - fair price or not? [stasomatic] by marblez
Jan 09, 2006 (4:17 am)
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Replying to: stasomatic (Jan 07, 2006 5:01 pm)

I know this dealer will accept a GMID if they are still available, that should help the price. If not I purchased My H3 at Scott Hummer in Allentown Pa using a GMID.They will quote a price on the phone and from my last conversation with a salesman will give a discount.
#72 of 415
H3 lease ? by jhl1963
Jan 09, 2006 (9:09 am)
Reply
thanks again Carman -
 
1= looking for 10k miles, 36/39 months
2= Is the bank fee of 5-600 actually part of the GMAC lease, or is a dealer's way of getting additional profit?
 
Thanks again, really helpful.
 
Hope to make a move shortly.
#73 of 415
Success - leased a green/green H3 - thanks for everyone's help! by jhl1963
Jan 09, 2006 (8:50 pm)
Reply
Really appreciate all of the help.
#74 of 415
Just Got my GMID & about to visit my local Hummer Dealer by cgmmny
Jan 13, 2006 (5:02 pm)
Reply
Hello Carman
 
I'm interested in leasing an H3. I would like to stay around the $450 monthly payment range (Including taxes). I just got my GMID yesterday and am ready to begin talks with my local dealer. Here are the numbers I've gotten off the GMbuypower website:
 
MSRP: $36,295 (Lux. Pkg, Auto, etc)
GM Supplier Price: $33,264.94
 
My first question is can I negotiate a price lower than the GMID Supplier price? Second, are there any rebate promotions? I would like to lease the car for 36 months, 15,000 miles per year. Please let me know the associated down payment needed to achieve the $450 monthly payment (taxes included).
 
Your insight is appreciated.
 
Kind Regards
 
Cgmmny
#75 of 415
Re: Hummer H3: Lease Questions [Car_man] by cgmmny
Jan 14, 2006 (3:03 pm)
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Replying to: Car_man (Aug 31, 2005 3:09 am)

Hello Carman
  
I'm interested in leasing an H3. I would like to stay around the $450 monthly payment range (Including taxes). I just got my GMID yesterday and am ready to begin talks with my local dealer. Here are the numbers I've gotten off the GMbuypower website:
  
MSRP: $36,295 (Lux. Pkg, Auto, etc)
GM Supplier Price: $33,264.94
  
My first question is can I negotiate a price lower than the GMID Supplier price? Second, are there any rebate promotions? I would like to lease the car for 36 months, 15,000 miles per year. Please let me know the associated down payment needed to achieve the $450 monthly payment (taxes included).
  
Your insight is appreciated.
  
Kind Regards
  
Cgmmny
#76 of 415
Got GMID, now what? by jorgedbernal
Jan 17, 2006 (2:02 pm)
Reply

Replying to: Car_man (Dec 12, 2005 3:59 am)

Hi Car_man,
 
I just got my authorization number from GM, I suppose I can now get the H3 at the supplier price. I worked out the number on their Payment Estimator and want to know, is that exactly what I should pay or agree to pay? Can I lower that price even more? What other factors influence the monthly payment? Also, I have really bad credit, will I get nailed in the monthly payments because of that, eventhough I'm coming from a 39 month lease on a BMW Z4 where I paid religiously on time? Anyways I appreciate any help you can offer me, here are all the stats.
 
The H3 MSRP is $35020.00
Supplier price is $32159.07
According to the Payment Estimator my monthly payment will be 462.26 for 36 months, 15k miles giving 937.26 out of pocket (thats 462.26 first month and 475.00 security deposit).
I live in South Florida.

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