Last post on Nov 19, 2007 at 2:44 AM
You are in the Hummer
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HUMMER H2, HUMMER H2 SUT, Car Leasing, SUV
#13 of 30 Re: 2007 leasing [sexybeast]
Jan 13, 2007 (6:21 pm)
Hi sexybeast. This truck's lease payment will vary depending upon the selling price that you are able to negotiate. The lower its selling price is, the lower its monthly payment will be. For now I will assume that you are being given a $2,000 discount on it. If you are in an area that has a decent level of competition, you may be able to do better than this considering that this truck has a spread of around $4,500 between its full MSRP and dealer invoice price.
According to my calculations, if you were to lease a 2007 Hummer H2 SUV that has an MSRP of $62,000 and a selling price of $60,000 through GMAC right now for 24 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around a whopping $959. The payment for an otherwise identical 36 month lease should be around $833.
Prices Paid Forum
#14 of 30 Re: 2007 leasing [Car_man]
Jan 16, 2007 (2:37 pm)
Hummer man- so if I can get them to 58000 on a 62000 truck with a money factor of .00088 and a residual of 55% on a 39 month 15k mile lease what should I be looking at with a 6% sales tax?
#15 of 30 Re: 2007 leasing [sybron]
Feb 08, 2007 (3:37 am)
Hey sybron. According to my calculations, if you were to lease a 2007 Hummer H2 that has an MSRP of $62,000 and a selling price of $58,000 through GMAC right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $740. Where did you get the .00088 money factor from? GMAC's current base lease rate for this model is 3.3%, which is equivalent to a money factor of around 0.00138.
Prices Paid Forum
#16 of 30 2007 H2 money factor
Apr 04, 2007 (6:55 am)
Can anyone tell me the current money factor and residual value for a 2007 H2 39 month, 10,000 miles per year lease?
#17 of 30 Re: 2007 H2 money factor [dutch2399]
Apr 13, 2007 (2:27 am)
I would be happy to help you out, dutch2399. GMAC's current base lease rate and residual value for a 39 month lease of a 2007 Hummer H2 with 10,000 miles per year are 4.45% and 60%, 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. When negotiating your lease on this truck, make sure to take advantage of the $1,550 bonus cash that GM is currently providing on it. It will help you to negotiate an attractive capitalized cost.
Prices Paid Forum
#18 of 30 lease for used H2
Apr 20, 2007 (4:22 pm)
My question is a little different.
I'm driving 2004 A4 ultra sport 23K miles that I want to trade in for 2005 Hummer H2, 22K miles. This H2 just came out of a lease(checked carfax), I want to lease it for 36month, with average miles/yr
My question is, what's the residual value & money factor for this USED H2? It's sticker price is $44K,
#19 of 30 Leasing or Buying ?? a new Hummer H2
May 08, 2007 (10:45 am)
I was prepared to pay cash for a Hummer H2 (about $58K B4 $5K incentive, so about $53K, when the manager basically said I'd be a foul to buy. OK, I've never leased a vehicle so I'm not too sharp here. He started talking about a lease... $58K less $5K ($53K) residual of about 60% on a 39 month with 12K to 15K in annual miles. My tax rate is only 3.9%. I'm assuming no money down and payment in the $8-900 range.. What should I look out for? I own my own business, so I can write off about 70% of the lease payments and if I keep my $53K in the bank I earn interest of about $2650/year. Any advice would be greatly appreciated..
#20 of 30 Leasing or Buying - Update
May 08, 2007 (12:11 pm)
Just received the lease quote from the dealer... Selling price is now $59K, $2500 down, rebate is only $1550 (compared to $5K) 39 month lease, 12K miles, residual is $34,827 and payments are calculated at $850.57 using a tax rate of 7.35%. Fees listed are T&R 27.50, Doc $399, aftermarket price $399, aftermarket cost $42.44, acq fee $595.
Maybe I just don't get it... but if I pay cash of $55450 ($58K-$2450 incentive) and take advantage of 0% financing. In 36 months I own the car free and clear and the estimate is it will be worth about $34K(??). If I sold the vehicle for $34K, I would have paid $21,450 for 36 months of ownership or $595/month, however, my $55,450 which I kept in the bank returns me $8,250(5%). So $21,450-$8250=$13,200 or $366/month.
So Lease $850/month plus $2500 down or Buy $366/month. Which brings me back to square one... If you have the cash, why would you lease? I must be missing something?? I've already been called an idiot once, so real free....
#22 of 30 Re: Let's use Common Sense? [xando05]
May 08, 2007 (5:54 pm)
Xando, very funny, I needed a good laugh!!