Deal check: 24 Hummer EV SUV Omega loaner

Ask the Hackrs
1

26.5% discount on the 140k MSRP, pre-incentive.

I was offered $883/month 36 month, 15k miles, $0 down and GM covers 1st month. True sign and drive. (I have Costco and supplier)

I wanted to drive the monthly down so I asked about 12k miles, then I would open the GM card ($500 rebate) and put $1000 down. Figured that would put me about $765/month.

That’s where the math gets funky. Dealer claims at 12k miles the sales price is below residual, and in order to fund it they would have to give me a $2k check back, and the monthly would be $873 then.

I don’t have a deal sheet as they claim they have to submit to GM to make sure it approves. I’m in a 2x at $765/month, seems like a nice upgrade for only $100/month (more power, transparent panels, matte paint).

Is this a great deal or just meh on an overpriced version?? I keep going back and forth.

2

Looks good to me.

3

Negative depreciation or nah? might not fund if it has it,.

4

That’s probably where the 2k check would come from.

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5

Yes, the $2k back is to account for the selling price being below residual. Here’s my current 2x, love it….feel like I’m just chasing a deal here like an addict :joy:

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6

Omega’s are overpriced, and MMR on them is in the high 70’s to low 80’s. Plus I think the MF is way too damn high on a 2024 unit.

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7

Yeah I hear you. I’ve only seen a handful of 3x deals under $850, so this is enticing.

8

Was it a demo? If so itll be out of warranty before 36 months

9

I’m working on a deal with a broker now for a 2x …I’ve driven the 3x not 2x…much difference?

10

Wait… you already have a 2X and is considering an Omega??

11

Yup. Transferring the 2x lease.

12

If it’s a demo, like the person above said, it’ll be out of warranty before 36 months

If true, best bet is to get a 24 month lease or roll dice with extending warranty via dealer

13

Who’s your dealer? Anyone I talk to in NJ wants a 1100/mo lease.

14

It’s only got 1500 miles so not a huge difference. I probably will get out of it before the end of the lease anyway. 24-month terms are worse

15

It’s not the mileage, it’s the start date

I almost leased a 2024 2x for a great deal then realized it has 17 months left on the warranty cause it went into courtesy vehicle status 1.5 years ago

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16

That’s a good point. I’m waiting on that info from the dealer along with the deal sheet so I (and fellow leasehackrs) can scrutinize it! Will post it when I have it

17

If you don’t want to wait, you can check it yourself with the VIN

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18

Wow, didn’t know you can see that. Looks like there’s only 26 months left on the warranty! That’s a problem…

19

See if they’ll play ball for a 24 month lease with similar terms

If obviously won’t be as cheap as 36 months when it’s broken down monthly but maybe you can get them to meet you in the middle somehow

20

Your 2x lease was not great if you are paying $750 a month. 3x at that price point is an amazing deal. I just closed a 2025 2x with one pay lease with effective being $640 a month.

See if they have one-pay option, and you might get it cheaper than $800 a month. money factor difference saved $$$.