GM Puts $ 7,000+ Cash On The Hood Of A $ 31,340 H3

[eaton53]

My wife was quite excited by this news... we've driven H3's a couple of times and like them very much. Now they're going to take the mandatory dump that it takes to get me interested.

The best feature of an H3 as opposed to an H2 or Escalade? It'll fit in the garage!

Got plenty of time before we're in the market again. That'll give this Hummer saga time to sort itself out.

[CadiEldo67]

Ok forget the G8, i'm gettin' me a truck after all...

[Mplsspyder]

Originally Posted by Joe in T.O.

Nothing is preventing you from buying one in the States then bringing it back into Canada. What are you waiting for?

Only the dealer franchise agreements. Not allowed to (knowingly) sell a new vehicle for export. Get caught doing it and you can lose your franchise.

[377Z]

To me personally, the only attractive thing about the H3 is the fact that it can be coupled with a manual trans. I WISH I could get that on a 360; I'd have already bought one.

Also, you'd think the TrailBlazer/Envoy would have like $10,000 in that case. After all, IMO they haven't had any meaningful changes since 2002 & don't have the cachet of something called 'HUMMER.'

But, no, the incentive on the 360's is $3,500.

That's okay GM, I can wait. Can you?

[Perian]

Originally Posted by 377Z

To me personally, the only attractive thing about the H3 is the fact that it can be coupled with a manual trans. I WISH I could get that on a 360; I'd have already bought one.

Also, you'd think the TrailBlazer/Envoy would have like $10,000 in that case. After all, IMO they haven't had any meaningful changes since 2002 & don't have the cachet of something called 'HUMMER.'

But, no, the incentive on the 360's is $3,500.

That's okay GM, I can wait. Can you?

Your Honda Civic qualifies you for another $ 500.00 (Conquest).

[Glemaire]

They also put it on Sierra's. On the extended and Crew cab you can get $6000 right off the top with GM rebates with owner loyalty.
All Yukons and XL's are getting $7000 with owner loyalty, the Yukon Hybrid is getting $4000 owner loyalty to.

[377Z]

Originally Posted by Perian

Your Honda Civic qualifies you for another $ 500.00 (Conquest).

Every little bit helps.

With an H3 invoice of $28,670, plus destination of $745, minus $7,000 cash back, minus $500 conquest, minus $1,500 GM Card, would come to $20,415 +TTL, presuming there was a base manual no option H3 local to me in a color I would accept that a dealer would be willing to let go for invoice. Whew, that was a mouthful.

I currently drive about 800 miles per month. Though I can usually get 30 MPG with the Civic in my daily grind of stop & go on the woefully overloaded I-94 Edens stretch I travel daily, I have been planning on getting rid of it by the end of this year. Most of the vehicles I have been looking at get about 25 MPG combined, so this is what I will use for fuel cost comparison purposes. I presume I’d be lucky to get 15 MPG in the H3. So, with a 25 MPG car I’d burn 32 GPM (gallons per month), whereas it would be 53.3 GPM for the H3. So, I would be purchasing 21.3 additional GPM. What this comes out to in additional dollars per month obviously depends on the price of gas:

Price per add’tl cost per
gallon month
$3.50 $74.55
$4.00 $85.20
$4.50 $95.85
$5.00 $106.50
$5.50 $117.15
$6.00 $127.80

So, it really could be a good deal for a brand new 4 door 4X4 SUV, but I just can’t warm up to the overt HUMMER style—I’d so much prefer a Trailblazer despite some sacrifice in off-roadability—I’m sure MPG is in the same ballpark. But, since I wasn’t specifically in the market for an SUV, there will have to be some significant dollars on the hood for me to bite, and $3,500 +$500 doesn’t cut it on the Trailblazer.

I think I’m going to wait to upgrade the Civic until either my house sells or September when my wife begins her new job. Its looking like it will be no sooner than September right now, so the offers may different then.

[eaton53]

Sure $20K is such a great deal?
Check this out...

http://www.autotrader.com/fyc/vdp.js...00&cardist=598

[Geotpf]

Originally Posted by 377Z

To me personally, the only attractive thing about the H3 is the fact that it can be coupled with a manual trans. I WISH I could get that on a 360; I'd have already bought one.

Also, you'd think the TrailBlazer/Envoy would have like $10,000 in that case. After all, IMO they haven't had any meaningful changes since 2002 & don't have the cachet of something called 'HUMMER.'

But, no, the incentive on the 360's is $3,500.

That's okay GM, I can wait. Can you?

Isn't there 0% financing for 72 months on Trailblazers and Envoys? Or is that only worth $3,500?

[K Dawg ONE]

Originally Posted by dindak

Wow.. that is a good deal. If they had that deal in Canada, I would buy one today.

Gas is expensive but with those savings, who cares.

Weve had it for almost 14 months now

These are guarnteed savings for anyone below:
$8000 RDC
$2000 GM Visa Points allowance
$2500 Finance Cash / $1500 Lease Cash
$1000 Petro-Canada gas card
0.9% financing up to 60 months

On top of those listed above, you can get further discounts:
$750 if you own a midsize car (ie, Grandprix/am, Taurus, Camcord, etc)
$800 Student Bonus (enrolled/graduated school in past 4 yrs...GM gives you a check in the amount of your first two payments up to a max of $400/mo...that amount can be used a 'down')
$500 for being a member of the armed forces
$0 security deposit if you are a returning GMAC Lesee

Then....
Except for the mid-car loaylty/conquest, you can use the above programs on top of New Car Supplier (4% over invoice) or GM Employee (straight invoice)

So, when do you want me to send a new H3 up to you in the T-Dot

[K Dawg ONE]

Originally Posted by Mplsspyder

Only the dealer franchise agreements. Not allowed to (knowingly) sell a new vehicle for export. Get caught doing it and you can lose your franchise.

Also, any vehicle brought into to Canada must have 6 months of use (or 6000miles) and must have been plated (ie, either a company demo, used, etc)
On top of the fact that as a Canadian citizen, you cant finance through US institutions so your stuck with getting a loan from your own bank.
And you still pay all the a/c and gas taxes once you hit Canada Customs too...

[K Dawg ONE]

Originally Posted by Geotpf

Isn't there 0% financing for 72 months on Trailblazers and Envoys? Or is that only worth $3,500?

0 for 72 is in Canada, not sure about the US...

[CanadianGMGuy]

Originally Posted by K Dawg ONE

Weve had it for almost 14 months now

These are guarnteed savings for anyone below:
$8000 RDC
$2000 GM Visa Points allowance
$2500 Finance Cash / $1500 Lease Cash
$1000 Petro-Canada gas card
0.9% financing up to 60 months

On top of those listed above, you can get further discounts:
$750 if you own a midsize car (ie, Grandprix/am, Taurus, Camcord, etc)
$800 Student Bonus (enrolled/graduated school in past 4 yrs...GM gives you a check in the amount of your first two payments up to a max of $400/mo...that amount can be used a 'down')
$500 for being a member of the armed forces
$0 security deposit if you are a returning GMAC Lesee

Then....
Except for the mid-car loaylty/conquest, you can use the above programs on top of New Car Supplier (4% over invoice) or GM Employee (straight invoice)

So, when do you want me to send a new H3 up to you in the T-Dot

HEY K Dawg ONE is GM coming out with any lease pullaheads? I am interested in getting a full size but still have to wait a couple months because no lease pull aheads that I know of. Usually they have a 3 month pullahead program

[AMERICA 123]

As to the title - whoopy do.

Sometime over two weeks ago it was reported that Toyota had had 4,000 -6,000$ on the hood of the Tundra - does any one really doubt the wisdom of every bodies low mpg product incentives - at this time ????

[377Z]

Originally Posted by Geotpf

Isn't there 0% financing for 72 months on Trailblazers and Envoys? Or is that only worth $3,500?

The bottom line is, 0%/72 or $3,500 for a 360 is not enough to entice me to buy, and the fact that the H3 also has 0%/72, or $7,000 kind of underscores that as the H3 is a fresher, trendier product with more cachet (despite the fact that I personally prefer the 360’s).

How much the 0%/72 is worth to an individual depends on stuff like how much you finance, what the next lowest rate you can get vs. the alternative cashback amount. You also must let the loan run the full term to get the full benefit. Its also a good idea to get gap insurance, since you WILL be upside down for most of the loan, though I think the cost of gap insurance is not huge.

My credit union currently will give me a 72 mo. loan for 4.69%. Now 60 mos. is the longest term loan I have ever gotten in the past, & I was willing to have the nominally higher interest rate to retain the option of having a low payment should I choose not to add to the principal for a given month. I paid it off early, and plan on doing so on the one I have currently. I just can’t go that long with car payments.

So, invoice + destination for one of the Trailblazer LT’s that is stacking up on dealer lots is ~$28,683. Subtract $3,500 cash, $500 conquest, $1,500 GM card & you’re down to $23,183. I think the new vehicle tax in Crook county where I live is 7% & tag/title is ~$200, so it would be $25,005 OTD. I would put down everything I can sell my Civic for, and judging from what they go for around here I will get $5,000. So I would be financing $20,005 at 4.69%. Cost of that loan would be $2,985. Now, anyone who knows a lick about math knows that a few extra payments will knock the end cost down considerably, and I ALWAYS pay early, be it car loan, mortgage, whatever. So in short, even if I let the loan go out all six years without knocking out ANY extra principal, then the answer to your second question is no, 0%/72 is not worth $3,500. Its potentially worth $2,985 at most to me, considerably less in fact since I typcically pay loans off early.

I suppose if I financed the whole amount & let the loan go over the entire term, the cost of the loan would be $3,731, so it techically could be worth more than the cash on the hood, but that’s not how I work.

You know what? I know what you’re going to say: “You weren’t going to buy one anyway!”

You what else? You are right. I am not in the market for an SUV. I do like them and still have my second one, but I was not planning on buying another when I replace my Civic—the cost is not worth the benefit to me, and that is not a big deal. The only way I will buy another SUV is if the cost goes down, i.e. more incentives. I think I might be part of a growing segment of the population, judging by trends in SUV sales.

It looks like I have a 2 month wait before I even start shopping, so I have time to sit & watch if the pot gets sweetened.

Edit: Forgot to mention, at a total cost hovering around $28K no matter how you slice it above for a 360, it is not a value to me. The total cost would need to be about $5,000 less for me, all things considered.