- #412 of 415
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Re: really need to get rid of my hummer [hazmat4]
by indianajohns
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Feb 12, 2009 (8:00 pm)
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Replying to: hazmat4 (Feb 10, 2009 7:08 pm)
You bought or leased? This is the H3 leasing forum. If you leased, your buyout may not be really as bad as you think. If it is a 2008, how many lease payments do you have remaining? GMAC allows you to buyout the lease with just the depreciation portion of the lease payment multiplied by the number of payments left on your contract. Your payment IS EXTREMELY HIGH but that $610 may only have $350 in depreciation. The rest of the $610 is sales tax and rent charge. Anyway, contact your dealer or call GMAC and tell them you want to know your lease payoff. I bet it is probably over $10K but could be as low as $6K. Hard to tell with the limited info you provided. My 2006 H3 is due in July and my payment is $380 per month. Called to check my payoff, it was only $280 for each month left on my contract (5). So for every month I wait to trade it in I am subtracting $280 of my lease buyout. Since the H3's aren't worth jack crap right now it is impossible to trade off your lease without going into some serious negative equity territory. Since your payment is almost twice as much as it should be you are probably as EFFED as you can possibly be right now. You leased a vehicle that isn't worth anything and your payments are atrocious. I'd go get a 5 gallon jug of gasoline and burn it out in a vacant lot. Kidding......but seriously, I would. Then I would study up a little on how to lease a car.
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- #413 of 415
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H3 lease with swapped tires
by partsguy78
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Apr 07, 2009 (9:31 am)
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I leased a H3 with 285/75/16 tires, but when I bought the truck I swapped the tires with a different size. Do I need to put the exact size tires back on or can I turn it in with the other H3 tire option 265/75/16?
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- #414 of 415
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Re: H3 lease with swapped tires [partsguy78]
by Car_man HOST
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Apr 24, 2009 (2:22 am)
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Replying to: partsguy78 (Apr 07, 2009 9:31 am)
Hi partsguy78. If you put better wheels and tires on your H3 than it came with you probably do not have to put the old ones back on when you return it. Having said this, if you kept the OEM wheels and tires you might want to make the switch if the new ones are better. You could then turn around and sell the good wheels and tires on eBay or Craig's list or something like that.
Likewise if the tread is really worn on your current tires, to the point that you might get dinged with an excess wear and tear charge you may want to swap them out.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #415 of 415
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Re: H3 lease with swapped tires [Car_man]
by partsguy78
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Apr 27, 2009 (5:09 am)
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Replying to: Car_man (Apr 24, 2009 2:22 am)
The factory chrome wheels are still on it. I just changed the tires from the
larger 285's to the smaller 265's ( both are hummer h3 options ). I sold the 285's when I bought the 265's.The tread is going to be fine,there's plenty left.
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