Location Arizona
Just received a quote on a loaner 2025 Hummer EV 2x (1200 miles on the loaner)
This is for a deal check. The only rebate I qualified for is costco.
Msrp: $99890
Selling: $82971
Mf: 0.00221
Residual: 76%
Tax: 8.3%
Term: 36/12k
Dealer fees: $2164
One Pay: $23800
I am probably going to pull the trigger on this. Just hoping I am not missingt any rebates that I know of. They said only have employee executive and costco available. Also, can I do better than this?
No courtesy vehicle discount ($3000)?. I would clarify what happens if the car is totaled or stolen to the one pay amount
That is included in the initial discount!
GM Financial offer GAP with all leases and from what I have read, their GAP policy refunds you the prorated One-pay amount for the remaining months of the lease in case the vehicle is totaled.
With 1200 miles it’s not going to qualify for the $3k credit. There are two incentives for loaners. The first is $2750 dealer cash that applies to any vehicle that is or was in the loaner program. The second is a $3k CCR for retired courtesy vehicles. I don’t know exactly the qualifications, but I know the vehicle needs to have been in the courtesy pool for 2k+ miles and some amount of time.
I just checked and the car is only driven 175 miles and they are adding 75 more miles for it to be eligible to be leased off.
They’ll prorate a refund of the one-pay based on the language in the contract. It has nothing to do with GAP.
GAP protects the lienholder and does nothing to provide any cash back to a lessee.
How math checks out in 10 vs 12k and extra miles in cash ?
I would not do a one-pay. I have one and I would have massively regretted that for many reasons.
Why do you regret a one-pay? I was thinking that’s what I will do and it will save me thousands of dollars
The car has had nothing but issues, there are not enough techs to fix them so it will sit at the dealer forever if you encounter any issues. Tons of lemons and I’d rather have that money in a bank account if it becomes a headache car that locked away at GM. That’s my personal opinion.
I know this from my Merc lease, last year my car was in the shop in and out for two months and Merc wrote me a check for 2 months of payments because I couldn’t drive it. They even went to the extent of asking me not to sue them over this lol it was an eqs 450+, so not worried about car sitting in the shop. With all this tech in evs, I am pretty sure any car would have problems.
I an checking with them on the 10 vs 12k. Also, 24 vs 36, looks like 24 months have better residual anyways
Just remember GM handles things very different than Mercedes.
What issues are you having? I’ve had mine for 14k mi. now and no significant issues, except the tailgate never consistently opens when you press the button. Dealer fixed it once with a new motor, but it’s doing it again and haven’t had a chance to get it back to them.
Other than that, we’re really enjoying the vehicle (3x SUV)
I have had the rear passenger seatbelt stuck multiple times and then the part was back ordered and had to wait a month. Other than that tires only lasted 12 months and have multiple dash codes.
Fyi, dealer is also willing to replicate the onepay on new ones as well if anyone is interested. I just like the bronze color and they only had one.
Also, If I do monthly, the effective is $900+ compared to $661 with onepay.
Nice deal! AZ dealers are usually not great to work with. Sending you a message…
They are not! I have been working with Infinity, GMC, and Cadillac dealers and all are terrible. It’s like no one wants to sell their cars!
Closing the deal today, 24 months residual is 2% better than 36 so I am going to go with that. Will share final numbers for all who are interested to replicate!
Please share the final numbers