H3 lease and negotiations.
I went to the dealer the other day to see what kind of deal I could get on a 2007 H3. I've never leased before but since I get a new vehicle about every 3 years, I am considering it so that I am not upside down.
MSRP of $38500. They don't have one in stock that I built but I estimate the GMS price to be $35228. Seems to be about 8.5% off most of the time. They said that sounded reasonable but I hope they can show me that somehow as proof since they don't have an invoice to show. They said the interest rate was 4.4% on a 39 month lease. Does that sound right? I thought leases used a "money factor". Residual of 57%. Does that sound about right? $1800 due at lease signing. Any advise on this as it would be appreciated. If you need more info let me know and I can provide it. They were very low pressure compare to any dealership I have ever bought a car at which is kind of nice. |
Re: H3 lease and negotiations.
Goto www.leaseguide.com Has a pretty good description of how leases work and how to figure out it you are getting a good deal.
|
Re: H3 lease and negotiations.
Dealerships don't set the residual %, rates, etc -- GM does. The only thing the dealership changes is the sales price...
|
Re: H3 lease and negotiations.
Quote:
Most of the terms are set by GM length of leases available, rate, residual, upfront fees. Dealers control the price, unless you buy GMS, then GM controls that as well. |
All times are GMT +1. The time now is 06:30 PM. |
Powered by vBulletin Version 3.0.7
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.