How much is my car worth....?

[ipeefreely]

WOW. ok, update...

So i brought her in to CARMAX to get a free appraisal. Took 30 min, and they're supposed to give you the MOST money for your vehicle.

I was looking to get maybe something like 30-32k. NOPE.

They offered me 22K for my baby. I said HELL NO and walked out the door. That's ridiculous. I can't believe how much the economy is affecting the values on the H2's.

It's seriously becoming a lot harder to find a buyer who's willing to pay a good price for these things....sigh......

[BigKofJustice]

Originally Posted by ipeefreely

WOW. ok, update...

So i brought her in to CARMAX to get a free appraisal. Took 30 min, and they're supposed to give you the MOST money for your vehicle.

I was looking to get maybe something like 30-32k. NOPE.

They offered me 22K for my baby. I said HELL NO and walked out the door. That's ridiculous. I can't believe how much the economy is affecting the values on the H2's.

It's seriously becoming a lot harder to find a buyer who's willing to pay a good price for these things....sigh......

Carmax offers only low dealer auction value for trade ins. That means 05 H2's are going for dealer auctions at 20-22k.

I'm seeing 03 H2's selling for $20,000, and I'm starting to see 05 H2's for $25,000 on used lots and craigslist.

I talked to one guy at a car lot in Burbank who had 4 H2's on his lot and he told me I could have any color/combination of equipment I wanted. He had 20 more in a backlot and he can't sell them.

You won't get anything for the aftermarket accessories, no one is going to pay the premium for it, they'll finance a stock truck and do the add on's themselves.

It's a really bad time to sell an H2 right now.

[BigKofJustice]

Originally Posted by MDimitri

Have a look at these links to prove what I'm saying:

Cheers!

Canada isn't a good guide line for hummer sale prices. Hummers were always overpriced up there, and it was always cheaper for me to buy a Hummer in the US and pay the GST to import it and save 10-30 grand depending on the truck.

I remember talking to a guy in 2005 who wanted to see his 1999 H1 wagon for 110,000$ cdn used.

I laughed, I told him I could call up lynch hummer and have them truck up a 2002-03 for less then that and still have factory warranty .

[CO Hummer]

I agree with everyone here - the trade in / resale value of and H2 absolutely sucks right now.

What I'm hoping to see is some people bag the idea of trading them in and start chopping them up and doing some cool stuff. I wanna see an H2 with the topped chopped off and replaced with roll bars.

[OffRoadin]

I'm selling mine as well... Just to give you a rough estimate. NADA prices listed mine as $34,075 for Trade-in value, and $39,550 for Retail value. A couple of dealerships offered me around $34,000 even and one offered me $27,260!!! WTF.

2005 Black SUV with ~15,500 miles.

[ipeefreely]

Originally Posted by OffRoadin

I'm selling mine as well... Just to give you a rough estimate. NADA prices listed mine as $34,075 for Trade-in value, and $39,550 for Retail value. A couple of dealerships offered me around $34,000 even and one offered me $27,260!!! WTF.

2005 Black SUV with ~15,500 miles.

where are you located? I'll sell them my h2 for 34k, lol. It's just such a waste right now because I'm seriously not going to drive the h2 next year, so it's just going to sit there......sigh

Man it is a bad time to sell a hummer... =/

[okstateh2]

I haven't been on this forum in a few years (since I sold my 03 in 05) and now have the itch for another one. I have been curious as to what the gas prices were doing to the trade-in values on these things and it doesn't look pretty. I'm sorry for you guys trying to trade-in or sell but it appears its a good time to be a buyer. And it looks like it's only going to get better if gas keeps going up.

If anyone is looking for an SRT8 jeep PM me (shameless plug)

[isellpower]

I just bought nearly the exact same H2 for 27K. I paid an extra 2K for an extended warranty.