# Hummer H2 Lease Questions

CarMan@Edmunds
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**38,515**
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Hummer H2 SUV or SUT. Thanks.

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## Comments

20Thank you for your help!!

-Stacy

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2I leave in Tampa , Fl the dealer name is Reeves hummer

Thanks

octavio herrera

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1I'm new to leasing so here's everything I have for you. I'm looking at a 2006 H2 with an MSRP of $62,125. My GMS price, plus current offers selling price is $50,191.60 plus tax. I'd like to get a zero down, 36 month lease with 10,000 miles per year. I'm in Pennsylvania so I believe it's 9% tax on a lease. Should I be looking for the 2.0% lease rate and the 61% residual you listed above? What would the monthly payment be? If you need anything else please let me know.

Thanks, Bill.

38,515You should be in good shape since you are able to purchase your Hummer through General Motors' Employee Purchase Program. This guarantees that you will get an attractive selling price for the truck that you want. As far as this truck's lease program goes, GMAC's current base lease rate and residual value for a 36 month lease of a 2006 Hummer H2 SUV with 10,000 miles per year are 2.0% and 62%, respectively. Using the prices that you mentioned in your post, I estimate that this truck's zero down, pre-tax monthly payment should be around $399 for the aforementioned terms. Keep in mind though that GM's incentives for the '06 Hummer H22 are different for purchases and leases. GM has $4,000 customer cash on purchases of this truck, but only $1,500 cash on leases of it in your area. So if the price quote that you were given for this truck wasn't for a lease, you may have to use a higher selling price to calculate your monthly payment.

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424 or 36 month lease with 15k miles per year.

thank you.....

38,515According to my calculations, if you were to lease a 2007 Hummer H2 SUV that has an MSRP of $62,000 and a selling price of $60,000 through GMAC right now for 24 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around a whopping $959. The payment for an otherwise identical 36 month lease should be around $833.

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1Can anyone tell me the current money factor and residual value for a 2007 H2 39 month, 10,000 miles per year lease?

Thank you

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1I'm driving 2004 A4 ultra sport 23K miles that I want to trade in for 2005 Hummer H2, 22K miles. This H2 just came out of a lease(checked carfax), I want to lease it for 36month, with average miles/yr

My question is, what's the residual value & money factor for this

USED H2? It's sticker price is $44K,3I was prepared to pay cash for a Hummer H2 (about $58K B4 $5K incentive, so about $53K, when the manager basically said I'd be a foul to buy. OK, I've never leased a vehicle so I'm not too sharp here. He started talking about a lease... $58K less $5K ($53K) residual of about 60% on a 39 month with 12K to 15K in annual miles. My tax rate is only 3.9%. I'm assuming no money down and payment in the $8-900 range.. What should I look out for? I own my own business, so I can write off about 70% of the lease payments and if I keep my $53K in the bank I earn interest of about $2650/year. Any advice would be greatly appreciated..

3Maybe I just don't get it... but if I pay cash of $55450 ($58K-$2450 incentive) and take advantage of 0% financing. In 36 months I own the car free and clear and the estimate is it will be worth about $34K(??). If I sold the vehicle for $34K, I would have paid $21,450 for 36 months of ownership or $595/month, however, my $55,450 which I kept in the bank returns me $8,250(5%). So $21,450-$8250=$13,200 or $366/month.

So Lease $850/month plus $2500 down or Buy $366/month. Which brings me back to square one... If you have the cash, why would you lease? I must be missing something?? I've already been called an idiot once, so real free....

jayell1

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38,515The cash incentives that are available on a purchase of a 2007 Hummer H2 are not the same as the incentives that are available on a lease of one through GMAC. GM is currently providing a $1,550 bonus cash incentive on this truck that can be used to negotiate an attractive capitalized cost for a lease. It also has an additional $500 lease cash on it in select areas (if you tell me where you are I can tell you if it is available in your neck of the woods). Negotiate as low a selling price as you can on the H2 that you want and then have the dealer that you are working with subtract any cash incentives that you are eligible for.

Once you have arrived at a selling price that you are comfortable with, have the dealer that gives it to you calculate your truck's lease payment using GMAC's base lease rate of 4.45%.

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1I'm about to look at an H2 on Friday and I want to know beforehand what I can expect.

I want a base H2 SUV with navigation and sunroof. MSRP on Hummer's site is $58705.

What would lease payments be here in NJ for this car assuming I can get them down to a sale price of $54 - $55k.

Lease for 36 - 39 months 12k miles/year

I might trade in my 2000 GMC Denali which I owe $3000 on but according to all the sites is worth $9 - $11k as a trade in in Good condition. Sa that should be gopod for about $5 - 6k down payment.

Thank you

213Ps. New here hello to you all.

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