wonder about the resale

[MAC]

In today’s classified ads.

03 H2, adv. 645 miles. Pewter. Leather. $70K.
03 H2 $83500. No detail.
98 H1. Open top. Silver. 30K. $45K.
97 H1. Wagon. White. 21K. $56K.

[MAC]

H1 was nowhere near $100K when it came out. When I test drove one in the early '90s, it was something like $70K. anyone remember the H1 MSRP in the earlier years? Of course, when you keep on raising prices, fewer and fewer units you will sell, there is a limit to what the market will bear; last I heard H1 is 700 units year. $70K for Hummer H2? I doubt it, maybe several years later.

[Steve R]

Hey MAC, love your enthusiasm...but I've got to tell ya: I've been to the marketing research studies, I've seen the potential future of the H2....and now that GM knows they've got a hit and people will pay to own a HUMMER....you can bet your sweet(apendage of choice) that pricing is on the up!

They showed us several packages; they're gonna change the exterior a bit, stream-lining the lights and other details. They're gonna offer different engines, and an interior bursting with rich upgrades and refinements...it's going to run a close race with Jaguar. Bottom line: I saw some upper-end packages...and they were asking us how we felt about paying upwards $85,000...with other packages in the $70's.

And ya know what....I and many others were eagerly, willingly and gladly prepared to pay that for an H2 as it is. When it came out in the low 50's, I giggled and slammed my money down.

I've seen the future...and it's costly. Look at the Range Rover, Lexus, Mercedes, BMW and the Porsche....they'll gussy up the H2, ask what they want....and they'll get it. Forget the stock-market....invest in H2's! [img]/infopop/emoticons/icon_biggrin.gif[/img]

[MAC]

Steve, did you see these new versions before current H2 came out or after?
Even if I knew these better versions will come out 2 years later, I still have no choice but to buy the Hummer now, with no regret. The only mistake would be
buying the 72K/72 months warranty @ $2200, $3 year service contract @ $900, no reason to look that far down the road if I plan to upgrade 2 years later.

I am not sure about $70K or $80K, you are in the S500 neighborhood, as far as production cars go, that is the highest upper limit. I love Hummer, but if you give me an equal choice between brand new S500 or Hummer, I don't know which I will pick, especially after 3 years of Hummer fun, I tend to make total shift in vehicle ownership. They may just gave you the numbers and see when you pass out. Smart move to move upmarket. Is Hummer H2 the most expensive vehicle ever from GM?

[MAC]

But, But, I got a disco light inside my Hummer, that got to add to resale value. [img]/infopop/emoticons/icon_biggrin.gif[/img]

[MAC]

Aluminum panel body, just plain aluminum, no paint. I'll take that, trade in instantly. While they are at it, I want an expresso machine inside the Hummer.

[mpetrich]

Yea, that's a good question. I sold my 1999 Lexus RX300 to buy my H2. I bought it new for $37,000 and sold it for $25,000. I thought that was very good resale value. Especially in light of the fact that the used car market is VERY weak (talk to the CarMax guys) since so many new cars can be bought for $0 down, 0% interest and 0 payments for the first year (I sound like a commercial). I don't think supply and demand applies too much in the used car market. Thousands of the RX300's have been sold and there is a good supply of them but as long as the car is desirable by many, you have a good shot of selling the car for a decent amount used. I guess, that's the long answer for saying that maybe the used car market won't be that great for the H2 since it is not a "mainstream" SUV. I really don't like to think of it as a SUV at all, more like a rig, or just a Hummer.
Just my two cents...

[HummerH2]

H2 is better than the Land Rover 24/7 [img]/infopop/emoticons/icon_smile.gif[/img]