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Hummer H3 Lease Questions
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Comments
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Likewise if the tread is really worn on your current tires, to the point that you might get dinged with an excess wear and tear charge you may want to swap them out.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
larger 285's to the smaller 265's ( both are hummer h3 options ). I sold the 285's when I bought the 265's.The tread is going to be fine,there's plenty left.
I too have a lease related question but will answer yours also. We have an '07 and the lease will expire this August. Now that GM's deal with the China co has fallen thru, they have announced that they will phase out the Hummer line but will continue to support warranties and parts and service. That's great but what happens to the lease extension opportunities? Would they be willing to extend our and other's leases on very favorable terms? Presumable the residual will go way down. Can anyone help with this?
To answer your question, my wife loves the vehicle, it has not been in the shop once in almost three years. It IS quiet has a great sound system, rides and handles well. I am 6' 190 and I fit into it just fine. I drive a Discovery 2 and prefer the open view it has but after getting used to it the Hummer is ok with visibility. I still find myself being cautious in tight spaces due to its size. You too may want to look into the question I have raised about the lease and residual. Maybe the Saturn forum may have some info as they were also discontinued.
Our H3 lease $472/mo on 15K miles will expire in August. We are considering extending the lease if terms are great. How will the winding down of the Hummer brand affect the residual or will they go strictly by the contract? Could we renegotiate a better deal? Thanks in advance for any help.
In terms of buying this truck at lease-end, it is difficult to say whether GMAC or whichever bank you are leasing your H3 through will be willing to negotiate it's lease-end purchase price. There's no doubt that your Hummer will not be worth anywhere near its residual value so if they won't negotiate then just walk away from your vehicle at lease-end.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
On other vehicles I have leased, I have just taken the contract value and rolled it with little to no negotiation; but with the Hummer brand discontinued I am thinking it might be worth trying to get a lower price to roll into a loan. Thoughts???
Also, let's say if we don't negotiate and just roll it over into a regular loan, do u know if the monthly car pymt. would be higher or lower than the payment we're paying now to lease? (This is our first vehicle we ever leased...so I don't have a clue if it's the norm for the monthly payment to go up or down after the lease is over and you keep it).
THanks!
Chances are we will just roll it regardless, but I figured if we could get a better financed price it would be worth it. I will definitely post what I found out through this.