Hummer Lease
You will need excellent credit to qualify for a Hummer lease through GM Financial since the lease may cost you over $1,600 per month.
Written by Brenna Swanston
Reviewed by Jessica Barrett
If you're looking to drive a
Hummer
for the lowest monthly cost, leasing is the way to go. Leasing a Hummer may cost less per month than financing one, but it's important to consider the pros and cons of leasing a car.With a Hummer lease, you can expect to make monthly payments for the duration of your lease agreement—usually between two and four years. The upside of leasing a Hummer is that you can drive the car long-term without being responsible for its maintenance and upkeep. Leasing tends to come with a lower monthly price tag as well.
On the other hand, that monthly payment for a lease doesn't go toward car ownership like it would for a loan. Plus, you may face more restrictions on a leased car than you would on a financed one.
If you're considering leasing a Hummer, the
car insurance
comparison super app Jerry
can tell you everything you need to know. We consider the process of leasing a car, related expenses, and what happens when your lease agreement is over. By the end, you'll know whether or not a Hummer lease is right for you. MORE: How to calculate a car lease payment
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How to lease a Hummer
You can lease a Hummer through GM Financial, which handles Hummer leases. Leasing is a relatively simple process, but you should take these steps to make sure you're getting the best deal:
- Check Your Credit Score: Leasing a car usually requires a higher minimum credit score than financing. GM Financial prefers lease customers to have a "prime" credit score of higher than 680.
- Figure Out Your Budget: Your lease's monthly payment should not be more than 15% of your monthly income, including taxes and fees.
- Estimate Your Down Payment: Most GM Financial leases entail a large down payment. Prepare to pay at least a few thousand dollars upfront, unless you sign your lease during a special promo event.
- Determine Your Annual Mileage: Keep in mind that GM Financial limits how many miles you can drive throughout your lease. High-mileage leases still cap you at 75,000 miles over three years or about 25,000 miles per year.
Once you've completed these steps, you're ready to head to your local GMC dealer to assess its lease offers. GMC is releasing two variations on the Hummer for 2022: an EV pickup and an EV SUV. The manufacturer's suggested retail price for a 2022 Hummer is $110,295.
Keep in mind that a dealer will probably try to sell you on pricey add-ons like accessories and cosmetic upgrades. Know your budget before heading to the dealer to ensure you make the right decisions.
The final step: shop for insurance
When leasing a car, you'll be responsible for insuring it as well. Shopping for car insurance can be a tedious process, but with
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How much does a Hummer lease cost?
A Hummer lease may cost less than buying one would, but the exact price depends on several factors. Sales tax, add-ons, your lease term, and the model of Hummer you choose all affect the overall leasing cost.
Generally speaking, you should expect to pay $1,649/month for a 36-month lease on a 2022 Hummer. You must have a minimum 680 credit score to lease a new Hummer through GM Financial at this rate.
Leasing a Hummer will also incur an acquisition fee of $650. At the end of your lease, you will pay a disposition fee of $350 as well.
When you pick up your leased Hummer, expect to pay at least $2,299 upfront. This amount includes the first month's lease and acquisition; fee but does not include sales tax or optional add-ons.
Services included in a Hummer lease
If you lease a new vehicle through GM Financial, you can receive free maintenance through a GM Certified Service dealer. Free services include your first oil and oil filter change, a four-tire rotation, and a multi-point vehicle inspection.
This offer is only valid within the first year of your leased car's delivery. You must go to a participating Chevrolet, Buick, or GMC dealership to take advantage of these covered maintenance services.
Though not free, GMC also offers special deals—including rebates—on the following parts and services for lease customers:
- Battery
- Carbon air filter
- Engine air filter
- Wiper blades
- Tires (including a price-match guarantee)
- GM Genuine Parts engine, transmission, or transfer case
Key Takeaway With a Hummer lease through GM Financial, you can receive a free oil change, four-tire rotation, and vehicle inspection.
What to do when your Hummer lease is up
When your Hummer lease ends, you can choose from three options: buy or lease a new GMC car, purchase your current leased Hummer, or return your leased Hummer. If you decide to buy or lease a new GMC vehicle, you will still have to turn in your current leased Hummer.
How to return a leased Hummer
If you opt to turn in your car, you’ll need to go to your original GM dealer. Remember to include the owner's manual, any extra sets of keys, and other accessories that came with the Hummer. Follow the below steps to make the return official:
- Review your vehicle's condition
- Call 1-800-556-2811 to schedule a free vehicle inspection at your original GM dealer
- Schedule an appointment to return the Hummer to the originating GM dealership
If you want to lease another car after returning your Hummer, discuss this with your GM dealer when you call to schedule your return appointment. If not, keep in mind that you may have to pay a $350 disposition (return) fee when you turn in your leased car.
How to purchase a leased Hummer
You can purchase your leased Hummer at any point during your lease period. You may also do so at the end of your lease. If you take this route, call your originating GM dealer to discuss your options for purchasing or financing the car.
You can also call GM Financial at 1-800-436-1463 for a customer payoff quote.
How to find affordable car insurance for a Hummer
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How much will the 2022 Hummer cost?
The manufacturer's suggested retail price for a 2022 Hummer is $110,295. If you want to lease a 2022 Hummer, expect to pay upward of $1,600 per month.
Why was Hummer discontinued?
General Motors discontinued Hummer in 2010 after failing to sell the brand to a Chinese manufacturer. In 2022, GM is reviving Hummer as an all-electric vehicle and a sub-brand of GMC.
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