Lease Prices

[Jerry8989]

Hello All,
I'm about to go take a look at a H3 at my local Hummer dealership. What I wanted to know is what I should be paying on a H3 lease fully loaded with the employee discount on a 2 year lease. 12K miles a year. Second question is how does everyone like thier H3? I have an explorer now how much are the differences in the ride?

Thank You

[Jerry8989]

Hello All,
I'm about to go take a look at a H3 at my local Hummer dealership. What I wanted to know is what I should be paying on a H3 lease fully loaded with the employee discount on a 2 year lease. 12K miles a year. Second question is how does everyone like thier H3? I have an explorer now how much are the differences in the ride?

Thank You

[HummerNewbie]

Are you talking about the employee pricing discount promotion that is going on? If so, that is not available on the H3 because it is an '06 and the program is only available on the '05s. As far as lease rates go, the best I have heard of was about $425-$450 on a 24/12K lease and as I recall that was with about $1,200 total due at signing. 36 month leases are way out of line in mine opinion. Let us know what you find out.

[Jerry8989]

I work for GM so I get the discount through that as well. I'm not sure how much if any there is on the H3. $425-$450 sounds pretty good. I hope I can do it with zero down. I hope to get the fully loaded one at that price. I will let everyone know after I speak to them tonight. It all hinges on them buying me out of my explorer lease. I have a explorer lease 2003 with only 24K miles so far and the lease is up in January. The only problem is that I paid for 15K miles a year so i'm supposed to be at 45K by January. I wish they would pay me back 15 cents a mile like they jack everyone else.

[HummerNewbie]

Figured that you worked for GM but wasn't sure since you currently drive a Ford. As I recall, the one that was $425-$450 had a sticker at around $33K. There have been several that were quoted $550 to over $600 a month on 36 month leases which I think is ridiculous. A buddy of mine leases a $60K Lux H2 for $600 a month and they want that for a H3. The $1,200 down was the usual stuff you have to pay and the beginning of a lease and wasn't a down payment per say. Good luck and let us know what you find out.

[oneworld]

I got shafted at $559.00 per month 2400 down, on 36 months no employee dis > have lux and adv pac sticker price was 36045.00 yes I feel the vaslonie running down leg http://www.elcova.com/infopop/emoticons/icon_mad.gif But I ordered with out pricing and thats what the dealer wanted when they came in, they are feasting in NJ on you if you want an H3 > this thing should lease for under $500 per month with 0 down,

As for the ride it has a bumpy bit to it, but it is awsome to drive and the bumpyness is not realy bad, its not a hop, and only on concrete concentions or sizeable road holes, everything else it smoothes right out. http://www.elcova.com/infopop/emoticons/icon_wink.gif

[DWPC]

Can anyone post GM money factors and residuals for H3 leases?

[HumbleAg]

http://www.gmbuypower.com has a terrific payment estimate tool that will let you compare buying, leasing, and smart buy.
2 year smart buy residual of .73 makes for a pretty good deal, although 8.75% interest rate was best my dealer would do.
Best way to use tool is find a vehicle using inventory search, then use estimate payment under GMAC financing link.
It is pretty fun to go into the dealer with a printout of this info and watch them scramble after their first numbers come back so far off.
Good luck.

[aggiehummer...er]

The 8.75% is set by GMAC, nothing we can do about that.

[HumbleAg]

Yeah, the dealer I got mine from said the same thing, although they've been advertising a smart buy with 7.75%. He said they have to buy down the rate.

Even after negotiating up on my trade, not getting GMID cost me about $75 a month on my 2 year deal, but now all the neighborhood kids think I'm cool again. A small price to pay.

[H3wannabe]

I will be leasing and I am picking up my truck within the next 2 weeks. It is a lux, auto tranny, and tow package. The retail is $34,650 and I have access to the Supplier Discount which makes it just about an even $32K. My lease will be in the $450-$475/mo range depending on if I go 2 or 3 years. Thats with about $1700 down.

Btw, my dealer keeps mentioning that the new incentives will come out Sept 7th. They are hopeful that their will be deals on the H3 and possibly a better "money factor" for leasing. But who knows...we'll see!


H3wannabe

[S2KtoH3]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by H3wannabe:
I will be leasing and I am picking up my truck within the next 2 weeks. It is a lux, auto tranny, and tow package. The retail is $34,650 and I have access to the Supplier Discount which makes it just about an even $32K. My lease will be in the $450-$475/mo range depending on if I go 2 or 3 years. Thats with about $1700 down.

Btw, my dealer keeps mentioning that the new incentives will come out Sept 7th. They are hopeful that their will be deals on the H3 and possibly a better "money factor" for leasing. But who knows...we'll see!


H3wannabe </div></BLOCKQUOTE>

If GM did offer an incentive on the H3, would we be able to use a GMID in addition to the incentive to further the discount? Thanks.

[H3wannabe]

[/QUOTE]

If GM did offer an incentive on the H3, would we be able to use a GMID in addition to the incentive to further the discount? Thanks.[/QUOTE]

I am not sure about GMID and other incentives as I don't have access to that discount, but I do know that the Supplier Discount CAN be combined with other current discounts. That leads me to believe that the GMID most likely can be too.

Maybe one of the experts her can verify?

H3wannabe

[slgcmg]

I went to my local hummer dealer and price one that had a sticker of about $35K. They were going to charge me $647 a month for 36 months and 15K miles per year with nothing out of pocket. I laughed as I was walking away.

The one my wife now wants has a sticker of around 37K. Would 24 month lease be cheaper than a 36 month one? How much would this cost me with about $1200 down?

[Dani]

The latest quote I received was from 9/1 and it was for a LUX package with a sticker price of 37k. 36 month lease with $2000 down still gave me a ridiculous payment of $625 a month. And that was with 12k miles/yr. I also have GMS. I think you'd be better off to just purchase and not lease.

[1COOLH3]

I just took delivery of my H3 on Friday and my lease payment is $300- thats with $4300 down and a 24 month/12k year. (I wanted my payment exactly $300). It's an Adventure Series with Sunroof, XM Radio, carpeted floor mats, Step Bars and overhead marker lights. I leased instead of buying because I'm sure there will be a more powerful engine coming out and if that happens resale of these first year H3's will poor. (just my opinion of course)

[1COOLH3]

I forgot to mention that was with GMS pricing with a MSRP of $35k

[HummerNewbie]

Cool,

Glad you were able to get the monthly payment where you wanted it. Did you get other options such as auto or anything like that? Haven't priced it out but $35k seems a little high for the options you listed. What color did you get?

[1COOLH3]

Yes I got the automatic and I forgot about the Trailering Package as well.

I got a black one with black interior.

[HumbleAg]

Hey 1COOLH3.

Looks like we had the exact same train of thought on this. I leased mine (actually "smart buy" but same idea) because I think the resale on the first year might drop pretty quick. The two year deals are pretty good due to .73 residual (.72 for 15k miles).

Unfortunately, my dealer wouldn't do GMID, so my payment is a bit higher than yours. I also got 20k miles per year (Texas is a big state).

The money doesn't matter, it is worth it!

[H3wannabe]

I don't know what is going on with the leasing, but the deals have seemed to have gotten worse! My H3 should be here this week and my dealer alluded to the fact that there may be better pricing on the H3s as of 9/7. Not seeing it online! http://www.elcova.com/infopop/emoticons/icon_mad.gif

If you look at my prior post on this thread, I was getting a monthly of $450-$475 with $1600 down on a lux, auto, trailer with the Supplier Discount. Using the same online estimator today, the Hummer site is now telling me $550-$600 per mo. What is up with this???????

It should be an interesting discussion with the dealer. They had told me that the deposit would "lock" my price if it went up and I could still take advantage of any new incentives that may come out.

We'll see if I can get a $450 a month lease... http://www.elcova.com/infopop/emoticons/icon_confused.gif

H3wannabe

[HummerNewbie]

Wannabe,

Good luck and let us know how it goes.

[HumbleAg]

H3wannabe:

Same thing happened at the end of July with gmbuypower site. Residuals expired on Sept 6, so it somehow defaulted back to really lousy residuals. After a few days back then, they reloaded residuals and deals were the same as before.

As long as they put back in the same residuals as before, you should be able to get the same deal as before. However, if they come back in with lower residuals, you'll be paying more. That's one reason I jumped the gun and got mine last week, I was afraid the deal would get worse.

I can't imagine them doing anything to make the deal better than it was before, even with all of the rumors about "new" incentives coming out. The H3's are just too hot and they are making too much money on them.

Good luck!

[DWPC]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">The H3's are just too hot and they are making too much money on them. </div></BLOCKQUOTE>

As with any attractive new model, there was an initial rush on H3s, but its subsiding. Dealers in the LA area now have lots of H3 inventory; but most are overloaded with options. And with $3+/gal, the SUV trend is declining fast. My GMID authorization is good 'til February so I'm not in a rush to buy.

[H3wannabe]

Just got off the phone with the dealer...good news!! I got the deal I was hoping for. Here are the details:

Retail: $34,695 (lux, auto, tow)
With Supplier Discounted: $31954.64
+ $45 emissions (NH)
+ $27 title fee

36 months
12,000 miles

Residual: 64% (nice!!!)
Money factor : 8.75% (not so nice!)

I gave them $1K down. They are giving me $508 back (so I am only giving them the 1st month's payment).

Monthly payment: $492 with no security deposit and no money down other than 1st months payment.

I am very happy with this deal. Thoughts?

H3wannabe

[HummerNewbie]

Way to go wannabe. Not bad at all on such a hot vehicle.

[HumbleAg]

Sounds like a good deal, residual back where it should be.

Only problem I can see is keeping it below 12k miles/yr, I just love driving mine too much.

Drove over to my mom's house the other day....and she lives across the street.

Enjoy!

[DWPC]

Looks like a good deal with no down. Are they basing the residual value on MSRP or actual price paid?

[Dani]

the nice thing about leasing with GMS discount is that there is no security deposit required. Or at least there's not at any of the dealerships I've been to so far.

[Dani]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by 1COOLH3:
I just took delivery of my H3 on Friday and my lease payment is $300- thats with $4300 down and a 24 month/12k year. (I wanted my payment exactly $300). It's an Adventure Series with Sunroof, XM Radio, carpeted floor mats, Step Bars and overhead marker lights. I leased instead of buying because I'm sure there will be a more powerful engine coming out and if that happens resale of these first year H3's will poor. (just my opinion of course) </div></BLOCKQUOTE>


What dealer did you use? I may be interested in going for a drive. I just got back from a dealership by me and this is what I was quoted in order to get a $300/month lease payment. Vehicle is approx. $33k after the GMS discount....in order for me to get a $300/mo. payment I'd need to put down approx. $10k. And the lease would have 24 months/12k miles. No security deposit required. This would be a lease financed through GMAC with 8.75% with residual of 74%.

[oneworld]

H3wannabe, I doubt it, if your not an employee or have some way to get a discount, the leases are around $550.00 per month. http://www.elcova.com/infopop/emoticons/icon_frown.gif

[H3wannabe]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by oneworld:
H3wannabe, I doubt it, if your not an employee or have some way to get a discount, the leases are around $550.00 per month. http://www.elcova.com/infopop/emoticons/icon_frown.gif </div></BLOCKQUOTE>

Hi OneWorld-

Did you see my last post above? I ended up with $492 per mo with nothing down on a lux auto. But I am using a Supplier Discount to get there.

Btw, I hope no one takes this as bragging (it's not that good of a price! http://www.elcova.com/infopop/emoticons/icon_wink.gif ). I posted this info so others can hopefully negotiate for something as good or better. The lease prices I have been hearing have seemed high and this price seems fair.

H3wannabe

[slgcmg]

Sweet deal. As soon as I sell my wifes Jag, we are getting one.

I was hoping to stay under $525 a month, but my wife wants a fully loaded one. LUX with the adventure package.

Gotta make the wife happy http://www.elcova.com/infopop/emoticons/icon_smile.gif

[Dani]

anyone have any ideas as to why lease prices vary so much from dealer to dealer? I personally would just rather buy outright but if I can get a great deal on a lease then I'll go with that instead.

[slgcmg]

i figure it is just the dealership trying to make some extra cash. A-HOLES

If I could find a dealer that will give it to me for the same price as wannabe got, i would go ahead and get it.

[usetosellhummer]

If you put money down on a lease and plan on not keeping it your just giving it to the dealer. If you want a lower payment buy it and put the money down (better rates) We were very happy to take money down on a lease, veeerryy happy

[aggiehummer...er]

Residuals are based on MSRP, not price paid. As usetosellhummer said, if you're doing a lease and planning on turning it in, it's best not to put anything down. You'll have a higher monthly payment, but you won't be sacrificing all of that down payment.

[slgcmg]

usetosellhummer:

Why is there so much of a difference in price. I was quoted $647 for 3 years, but they got $490 for 3 years. That is over 5K more I am having to pay for the same vehicle.

[H3wannabe]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by slgcmng:
usetosellhummer:

Why is there so much of a difference in price. I was quoted $647 for 3 years, but they got $490 for 3 years. That is over 5K more I am having to pay for the same vehicle. </div></BLOCKQUOTE>

One difference may be that I am using a Supplier Discount. This saved me $2700 off of MSRP. Another reason may be options. I only ordered lux, auto, and hitch. Nothing else.

H3wannabe