Trying to understand if there is more to hatchet here or if I’m at rock bottom. Loaner under 3,000 miles. Hummer EV 2X SUT.
MSRP: $100,XXX
Terms: 24/10
DAS/Drive offs: $568.72 (first month)
Monthly with tax: $568.72
I was trying to be under $490 but I think the 84% residual kills that chance right? I don’t have an actual sheet. Want to check the temperature.
What was the reference point for $490 then taking into account differences for your state tax rate and dealer fee?
Why would an 84% RV kill the deal? That’s one of the highest RV’s in all of leasing right now, mostly due to GM using the $7500 to increase the RV.
Can you do your best attempt at the calculator and post it here so we can evaluate all the variables in one place vs trying to back into them?
Total adjusted cap cost can’t be lower than RV correct? When I ran the mid-high $400 numbers it was below residual value of $83k.. which means it wouldn’t fund right? Reference point was using a lower doc fee compared to FL.
Correct, Adjusted Cap Cost cannot be below RV. Will this dealer raise the cap cost and cut you a check back?
We’ve seen it done before, though not all dealers will do it. I’d imagine they are even less motivated between now and the end of the month operating under the premise that people may be coming out of the woodwork before 9/30. The last part is just speculation on my end.
Have you tried to see this deal as OnePay lease - may drop payment on a monthly
Not flush enough to do one pay but it doesn’t look like it’s really enough to make a difference?
I think $567 is really everything, unless they are willing to cut a check for the difference which isn’t going to happen. Maybe with a GM CC sign up but even then it’s around $545 all in.
What’s the selling price?
You can add something like wheel & tire protection and cancel it later. (Check the contract)
I’m guessing around: $83717
Unfortunately I don’t have an actual buyers order to break down everything; and based on what I’ve seen in marketplace and outside of LH, it’s good. The insurance is the killer here which unfortunately brings TCO to $900 month…
How does adding something like this get at a lower monthly when I’m already very close to RV? You mean they add the package but write me a check and I cancel? Interesting lever to pull.
Get a bigger discount, add the package to be over RV, cancel package, ???, profit
It raises your selling price. After that, you would cancel it and then you would get a refund from GM financial or whoever is writing the warranty. But like I said, make sure to read the contract.
No Acq fee, so discount is like 16.1% which is pretty good.
Forgot about that with Hummer.
Yea I wouldn’t wait on this, go for it!
If this is a Loaner, you are missing $3,000 CCR as taxed incentive and no Acq Fee…so discount probably is 13.35%.
Still I think is a great deal and you should go for it
Thanks for confirming loaner incentive as I don’t happen to see it on GMC inventory. However since I slept on the deal, it is now sold.
Jumping in here - but effectively with these hummer EV trucks (not sure about the SUV) you’re really capped within the range of about $500ish even IF you could capture every incentive out there?
I guess unless the dealer is willing to give you a check for a few $k which I don’t understand why anyone would do
Is this a 2024 version?
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