Lease payment

[lexpro]

The current money factor for the H3 is almost twice that of the H2. The lease payment quote I received today was $640 for 36 months.[/quote]

Also the payment you are qouted i bet is at a higher price than the guy with GMS pricing above..

[MisterE]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Leasing information I got from reliable source:
A 36 month lease with 12k miles per year you are at $449.26/mos with $1177.96 due at signing.

Does this sound right?

This is how I figured out my rough payment:As I figured it out:
MSRP 33715.00 GMS 29745.08 with 3 year lease 12K miles 53% residual value

so GMS 29,745.08 - Residual 17,868 (MSRP*53%) = 11,877.08 Lease Amount
11,077.08 + 1,784.70 (taxes on GMS price) = 13,661.78 Lease Amount (estimated)
13,661.78 / 36 Months = $379.49 per month


Now I know that there will be interest and some other fees but 80.00 per month plus 1,200 out of pocket.

Any thoughts would be a helpful! </div></BLOCKQUOTE>

Thanks to all your comments have been helpful. However even if I factor in 4% on the amount (higher then what my credit union offers) I still come out at 403.00 per month. Ok, I know we are not apples to apples since this isn't a loan but I'm still 46.26 per month less then what I was quoted. 36 payments * 42.26 = 1521.36+1200 out of pocket = 2721.26 I can't really account for.

[lexpro]

The money factor is being marked up by the dealership....ask them for the money factory they are using to determine your lease...

[RT0870]

I contacted HUMMER about the "HOTBUTTON" offer, and here is what they said:

"Thank you for contacting HUMMER and for your interest in the 2006 HUMMER H3!
Program rules for the "Hot Button" promotion state:
"Of the total available vehicle prizes approximately 0.3% will be HUMMER,
minimum MSRP $31,800." Therefore the H3 will be one of the eligible vehicles.
No purchase is necessary to participate in this promotion. You must participate
on or before May 31, 2005."

Hmmm......