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Re: Current Lease Incentives on H3 [addisonmb]

by Car_man on Wed Apr 16 03:49:34 PDT 2008

Hi addisonmb. General Motors is currently providing $1,050 lease cash and $1,000 bonus cash ($2,050 total) on all 2008 Hummer H3 models. It has an additional $1,000 cash incentive on Alpha models that have been sitting on dealer lots for a long time. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

Current Lease Incentives on H3

by addisonmb on Fri Mar 21 07:05:25 PDT 2008

Car_man, I'm looking at doing a SmartLease or SmartBuy on a 2008 H3 (haven't decided between base or alpha right now). When I use the GMAC lease tool on the Hummer site it automatically includes a $1,750 manufacturer's allowance. Do you know if this includes the $1,000 lease rebate that Edmunds has listed in the incentives area or is this in addition to the rebate? Thanks

Re: Hummer H3: Lease Questions [akr11]

by Car_man on Thu Jun 14 03:25:58 PDT 2007

Hello akr11. You never mentioned the selling price or MSRP of the H3 that you are interested in leasing. These are important numbers 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 this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the car that you are interested in for you if you let me know what these numbers are. When negotiating the selling price of the H3 that you're interested in, make sure that you take advantage of the $950 (that's a strange number isn't it. Why not just make it $1,000?) bonus cash that is currently available on it. Car_man Host Prices Paid Forum

Re: Money Factor for 2008 H3 [slewis01]

by Car_man on Wed Feb 27 04:11:31 PST 2008

Hello slewis01. The H3's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, 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. GMAC's current base lease rate and residual value for a 36 month lease of a 2008 Hummer H3 with 15,000 miles per year are 4.0% and 58%, 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. So a lease rate of 4.0% would be equivalent to an interest rate of around .00167. When negotiating your lease on this truck, make sure to take advantage of the $1,050 lease cash and $1,000 bonus cash that General Motors is currently providing on it into account. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

Re: Leasing info. [dognut2]

by Car_man on Thu Jun 14 03:22:36 PDT 2007

Hello Bob. Since you are new to leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. I see that you are considering trading your current vehicle in when you lease your new Hummer. There's nothing wrong with doing this, but it would be in your best interest to have the dealer that you're working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing. Those who make them, risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Car_man Host Prices Paid Forum

Re: Help me get a deal leasing a Hummer [jthomas6727]

by Car_man on Wed Feb 27 03:58:12 PST 2008

Greetings jthomas6727. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. From the looks of it, you have already checked out the 10 steps piece. I will boil things down even further for you. The two most important numbers to focus on when leasing a new vehicle are its selling price and the interest rate or money factor that you are being charged. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Comparison shop with a few dealers for the best possible price on the new H3 that you want. The combination of lackluster new vehicle sales, high gas prices, and the H3's poor crash test results will probably enable you to get a great deal on one right now. If I was in the market for a new H3 right now, I personally would shoot for a selling price of right around dealer invoice. You can look up the dealer invoice price of the exact truck that you want by visiting the following section of this site: New Vehicle Pricing. When negotiating your lease on this truck, make sure to take the $1,050 lease cash and $1,000 bonus cash that General Motors is currently providing on it into account. Once you have arrived at a selling price that you are happy with, have the dealer calculate your lease payment using GMAC's current base lease rate of 4.0% and you're all set. Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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