Too good of a deal to pass up? Lease 2025 Hummer EV SUV

Ask the Hackrs
1

I’ve been wanting to get the HEV SUV for quite some time now and had my heart set on the 3X, but came across a 2X with Extreme Off-Road Package, and Illumination Package in Void Black where my local CO dealer was offering a solid deal. Still hesitant against settling for the 2X so I shot my shot and threw a monthly payment number at them of $750 which they agreed to with my making the first months payment at signing. The 3X wasn’t as well optioned and the best they would do on it was $920 per month.

I’d be stupid to pass this up, right?

36month/12k
$747.48 tax in payment

Payment Detall
MSRP
$111,680.00
Selling Price
$95,500.00
Rebates
$7,500.00
Discount
$16,180.00
Total Savings
$23,680.00
Your Price
$88,000.00
Taxes (4.5%)
$353.93
Fees
$751.70
Cash Down
$750.00
Amount Financed
$89,070.92

2

what is your due at signing?

3

Just the first months payment

4

Wondering if there is a 12k tax credit here if it’s over 10k lbs gvwr

5

Colorado has insane EV rebates

6

Unfortunately this one is just under 10k GVWR so it only qualified for $3500.

The rebates broke down as follows:

3500 Colorado EV credit
2750 GMF Dividend
1250 Costco

7

Bummer. Wonder if there’s anything the dealer can sell with the thing to bump the gvwr. Probably not how it works.

1 Like
8

I think it’s by manufacturer reported weight

9

Yeah, You’d be nuts not to jump on that. Payments like that in other states would require a significantly higher cost to start. Gonna need some pics!

2 Likes
10

Exactly…I tried but was told they have to go off of the GVWR in their invoice. Will still see if my CPA can figure out a way to make it work come tax time next year.

I saw online that the SUV is 10,550 but not what the invoice shows, so I’m sure the info I saw isn’t accurate.

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I guess I’m curious on how they vary in weight besides larger battery. Was hoping that the Extreme Off-Road Package would help increase the GVWR.

11

Pretty sure the intent was just to have extra incentive for Amazon to convert to rivian vans because I can’t find anything else that qualifies.

12

The Sierra 1500 EV qualifies for the $12k EV credit per the dealer

13

What about the $7.5k EV Rebate? GM doesn’t like to pass them on to consumers?

14

My understanding is that it does not qualify because the EV is over $80k but please correct me if I’m wrong.

15

GM adjusts the RV by 7500, their way of baking it in.

Go for it! My friend just got a Hummer ev, loves it.

3 Likes
16

When leasing, it doesn’t matter what is the MSRP. The limits only apply when purchasing.

3 Likes
17

Got it! Since that was not part of the rebates from the dealer, does that mean I can apply for the credit directly when filing taxes? Sorry for all the questions, this is my first EV so it’s all new to me.

18

Is this a loaner? If yes how many miles.

Also what’s this:

19

The dealer said it was an Event Vehicle.

“We bought a few show cars from GM. The events are held for training… some of them get driven … we got lucky with a few that had less than 300 miles”

This one has 125 miles and that’s the main reason they said they can be more aggressive with pricing versus the 3X I was initially after.

No idea on the $2750 GMF Dividend, that was how they broke down the $7500 in total rebates.

1 Like
20

No, since it’s a lease, manufacturer gets it, and can pass it on to you via rebate, or in the case of Hummer EV, bake it into the RV reduction