how much is my '03 H2 worth?

[CBR_Raven]

I am thinking of selling my '03 and upgrade to an '07 or maybe a left over '06. The problem that I'm having is that I have alot invested in my '03 and it's kinda hard for me to part with it. So what do you guys think it would be worth if I decided to sell it? Honestly?

mileage is currently at 46,396

read my signature below to see all the extras I have on the '03...

[NewHummerGuy]

I am thinking of selling my '03 and upgrade to an '07 or maybe a left over '06. The problem that I'm having is that I have alot invested in my '03 and it's kinda hard for me to part with it. So what do you guys think it would be worth if I decided to sell it? Honestly?

read my signature below to see all the extras I have on the '03...


I have no idea CBR. But what I would suggest is that if you have any of the "original" parts then I would take off the aftermarket pieces you have and then put them on the new one you get. I know those rims and tires you have are a few bucks as well as the programmer and exhaust. Couldnt those easily be installed on the 06???

Just my .015 worth;)

[Adam in CO]

In Philly, it's worth fifty bucks.

[CBR_Raven]

In Philly, it's worth fifty bucks.

JACKASS :twak:

[BlueHUMMERH2]

Trade in: $23,500-$25,000
Sell it yourself: $25,000-$26,000
Retail: $27,000-$30,000

There are very low mileage 2005's with Lux around here selling for low $40,000's.

My bro-in-law just took in trade a 2005 Lux with low miles and some extras for $35,000.

As others have said, keep your aftermarket stuff and use it on your next Hummer or sell it seperately.

KBB is giving more, but having seen what's around town (I'm next to the original Manheim Auction) and what stuff is doing at auction, I wouldn't have high hopes.

[timgco]

www.nada.com (http://www.nada.com)

www.kbb.com (http://www.kbb.com)

Take the total cost of your acc.'s and add 1/3 of the cost you hav spent. That's about all you can get out of it your acc.s'/:mad:

The programmer will not work on the 06 or 07. They changed something. I have an 03 Hypertech that would not work in the 05 or 06. At the very least, I would swap out the tires/ rims. I'm sure someone local to you would swap for a short time if you gave them new stockers when you picked up your new ride. The dealer may even have a set for you to use.

It's a sweet truck for sure!!!!

With all of your stuff, I'd ask 40K and see what happens. With the 6K cash back on the 06's, it may be tougher to sell. however, 40K with the acc's you have is a very nice price if you can find someone who wants the ACC's you have done to it.

Good luck,
Tim.

[Captain of the Titanic]

I only paid $40K for my 2006 with 11K miles about 3 months ago here in Dallas. I figure the supply of H2s in CA is pretty good as well.

The damn gas prices have really hurt the resale of all large trucks, not just the Hummers... I took a big hit on the Tahoe I traded in on the my H2.

Id just keep it and be happy. Especially with all the goodies you have. :D

[Agriv8r]

Trade in: $23,500-$25,000
Sell it yourself: $25,000-$26,000
Retail: $27,000-$30,000
.

these are good figures to use, the after market stuff is not really worth anything on a trade.

[OrangeCrush]

(http://www.nada.com)

With all of your stuff, I'd ask 40K and see what happens.
Good luck,
Tim.

I can tell you what will happen...

[OrangeCrush]

.

[OrangeCrush]

That's right... nothing. Aftermarket add-ons or not, no one in their right mind will pay 40K for an '03.

I was thinking of upgrading my '03 to a newer model and even with liftkit, wheels, tires, stereo, 3 cameras, DVD screens in both headrests, nav, winch, blah, blah, blah... I was thinking I would be lucky to get 30k

[CBR_Raven]

thanks for all the input guys. if i do decide to sell it, i think that i will try to sell it outright with all the aftermarket stuff on it. i would never trade it in at the stealership because i know i will not get much out of it.

i'm thinking of maybe putting it on ebay with lots of pics and a list of all the aftermarket upgrades with a reserve price of $36,500.00...that way, if it doesn't sell, at least i will have an idea of how much someone is willing to pay for it ;)

[K9sH3]

http://www.autotrader.com/fyc/vdp.jsp?car_id=212086434&dealer_id=5947699&car_year=2003&model=H2&num_records=&make2=&start_year=2003&keywordsrep=&keywordsfyc=&engine=&certified=&body_code=0&fuel=&search_type=both&distance=50&make=AMGEN&color=&min_price=&drive=&default_sort=priceDESC&max_mileage=&style_flag=1&sort_type=priceDESC&address=32920&advanced=&end_year=2003&doors=&transmission=&max_price=&cardist=18

[Acidus]

IMHO chipping any vehicle reduces its value. I'd leave the programmer out of the description when you sell it.

[H Duece]

I have two different answers for you...

1. If you're rich, sell it and buy a new one.

2. If you're not rich, KEEP IT!

I just went through the same thing you're going through. I have a bone stock '03 H2 with 76,000 miles on it. Was going to trade it in for a new '06 (GM is offering $6,500 cash back OR 0% financing for 72 months on those).

The stealership offered me $26,000 for mine. Once I crunched the numbers, I realized that if I were to by the new '06 H2 SUT I wanted (sticker was $63K), I'd have to leave that one bone stock because certain upgrades will void the warranty and I wouldn't have the $$$ to get any upgrades anyhow.

However, if I keep the one I have now, I can drop a brand spankin' new engine in the beast (as well as plenty of other things) for WAY less than a new one will cost me.

So, I'm gonna keep the one I have and I just placed a large order for a Fabtech 6" Lift, Fabtech Heavy Duty Tie Rods, Fabtech Steering Stabilizer, Fabtech Duel Shocks, 20" Moto Metal Rims, 38" Tires, H20 Rear Bumper, H20 Corner Ladder (X2), Black Door Handles (I hate chrome), and a Tilt Meter. And I've still got plenty of $$$ left over. :D

[twenty2]

thanks for all the input guys. if i do decide to sell it, i think that i will try to sell it outright with all the aftermarket stuff on it. i would never trade it in at the stealership because i know i will not get much out of it.

i'm thinking of maybe putting it on ebay with lots of pics and a list of all the aftermarket upgrades with a reserve price of $36,500.00...that way, if it doesn't sell, at least i will have an idea of how much someone is willing to pay for it ;)

quick question... how has you tire/rim setup worked for you?Any complaints at all? Did you drive it in the snow at all? I WANT that same exact setup!! But, I live in Chicago, and with the snow out here, just wondering how the tire worked for you?

[kacyk]

An '03 with under 50K miles is still a baby. Keep it. I sold two '03's and got nothing for them. Seems like you've put a lot of sweat equity into your rig as well. Just keep putting more mods on it and keep it clean. I remember my dad once telling me that if I ever got the itch to sell a car, that I should give it a good detail first. Having a shiny rig has stopped me from selling my cars many times...

[timgco]

An '03 with under 50K miles is still a baby. Keep it. I sold two '03's and got nothing for them. Seems like you've put a lot of sweat equity into your rig as well. Just keep putting more mods on it and keep it clean. I remember my dad once telling me that if I ever got the itch to sell a car, that I should give it a good detail first. Having a shiny rig has stopped me from selling my cars many times...

Damn, you should try cleaning your tires/ rims more often than.:jump:

[HUMMERcustoms.com/TAZ]

I have a friend who owns some dealerships and of course takes in trades all the time. They have a seperate used car lot by itself.

Unfortunately for all of Us who go and spend allot of money to make Our H2's fit Our taste the add-ons are figured at about $100 of value for every $1000 You spend adding to the ride You have. It does not matter to much what the ride is.

There are exceptions of some vehicles that just have better resell value from base models anyway. So do not put much hope in what You have added. The only way add-ons retain more value is if You have a buyer that understands the amount of money He can save by having what You have put on. Even then they will discount add-ons if they know what they are doing. Sort of like the old saying that as soon as You drive a new ride off the lot it just lost 30 to 40% of it's value.

TAZ

[CBR_Raven]

quick question... how has you tire/rim setup worked for you?Any complaints at all? Did you drive it in the snow at all? I WANT that same exact setup!! But, I live in Chicago, and with the snow out here, just wondering how the tire worked for you?

no complaints at all with my tires and rims...the tires are a little louder on the pavement than the stock tires but my stereo system fixed that problem :D...no snow here in Cali so i don't know what to tell you on that

[CO Hummer]

I still don't get the whole "upgrade from 03 to 07" thing. What does this get you? The H2 hasn't changed significantly. All you are doing is spending $25K and that value will depreciate to nothing in 3 years. But I do see a lot of people doing it. I have no idea why.

I'm sticking with my 03 for many more years. Ir would take an option like a bigger engine to get me to switch. But I wouldn't be buying a new one. I'd wait a couple years and get a bargain basement price.

[CBR_Raven]

I still don't get the whole "upgrade from 03 to 07" thing. What does this get you? The H2 hasn't changed significantly. All you are doing is spending $25K and that value will depreciate to nothing in 3 years. But I do see a lot of people doing it. I have no idea why.

I'm sticking with my 03 for many more years. Ir would take an option like a bigger engine to get me to switch. But I wouldn't be buying a new one. I'd wait a couple years and get a bargain basement price.

yeah, you have a good point...i don't know, i guess i just get the itch for something new every 2-3 years

[usetosellhummer]

keep it and take a bath on something else

[CO Hummer]

yeah, you have a good point...i don't know, i guess i just get the itch for something new every 2-3 years

I've been there done that. I used to buy a new Grand Cherokee every 2-3 years. Man, I wasted a LOT of money buying the same dang car all the time, eating a $20K depreciation every three years. I will never buy new again.

[KenP]

I've been there done that. I used to buy a new Grand Cherokee every 2-3 years. Man, I wasted a LOT of money buying the same dang car all the time, eating a $20K depreciation every three years. I will never buy new again.For a minute I thought this was posted by Tim.:p

[CO Hummer]

For a minute I thought this was posted by Tim.:p

Ahhh!

C:OWNED:Hummer. :p

[mikejr]

i bought a very slightly used 2006 LUX for $52K, had 2800 miles on it, stickered for $63K.

[Captain of the Titanic]

i bought a very slightly used 2006 LUX for $52K, had 2800 miles on it, stickered for $63K.

2800 miles is definitely still new. Nice savings of $11000!

Hell, that $11,000 would by a decide Harley if you shopped around!

:jump:

[mikejr]

yup...was a great savings....and it still had that new hummer smell! Couldnt pass it up. I kinda liked letting the prior owner take the pounding instead of me for a change.

[DDWH]

yup...was a great savings....and it still had that new hummer smell! Couldnt pass it up. I kinda liked letting the prior owner take the pounding instead of me for a change.

:iagree: :beerchug:

[Goalkeeper]

I still don't get the whole "upgrade from 03 to 07" thing. What does this get you? The H2 hasn't changed significantly. All you are doing is spending $25K and that value will depreciate to nothing in 3 years. But I do see a lot of people doing it. I have no idea why.

I'm sticking with my 03 for many more years. Ir would take an option like a bigger engine to get me to switch. But I wouldn't be buying a new one. I'd wait a couple years and get a bargain basement price.


I feel the same way...awhile back, prior to the 07 release, I inquired about the 07 updates. I didn't think they were enough to get me to upgrade from my 03.

I may look to trade up when the 08's come out...but we'll see. I just paid off my 03 so who knows...

-Matt

[HUMMERcustoms.com/TAZ]

Mikejr
Thought I would relate to You how good a deal you got also.
My 2005 Stealth Gray with chrome package which included the chromed wheels, well everything except NAV. It listed for $67,930 with air ride I got it for around $53,000 new if i remember right, been a little bit since I did deal. I paid for it in May 15, 2004 which it was not to be sold untl later in summer, I guess building inventory? I just told them I'm here now so sell or I got 4 others lined up in Dallas TX, Springfield MO, St.Louis MO, and Raliegh NC.
So considering You got yours 2 years or more after i got my 2005 and I have around 12,000 miles the price has held down quite well for You and I feel You got a great deal.

Anyone looking at trading for 2006 H2's that are left around are being discounted real heavily around my part of the world in central Arkansas. My dealer said that anyone I bring can have invoice plus a little reguardless of year. This could change if Hummer comes out with diesel of course then on that rig price would be tougher I would guess. Have a couple in works for friends so will be able to see how it works out. It is easy to go online and figure what invoice is to get a feel of what i may be able to help anyone with.

My dealer is a sponsor on the show Queen. Dragon and i go and represent them at car shows sometime compete in contest that Our dealer is a sponsor of just to help push their name by winning easily in local shows. Do not know if it would be of much help to any but, thought I would mention it since He made offer to Me that if I bring in anyone that is Buddy He will work hard for Me and Buddies. I get nothing out of deal and would not do that to friends or forum Buds. Well really anyone I would help if I can. He did mention of course that if there are trade ins then to be sure the friend understood that it could change the deal some but, He would work hard to make it come out well. Selling Yours first would most likely help You come out better anyway buying from my dealer with no trade involved. That is another area I hope maybe Dragon and I can help is see what dealer wants to offer on trade then He and I buy it for a little more to have to make diesel conversions and resell them.

Dragon and I are looking at getting into diesel upgrades say for guys that have 2003 or 2004 that still have great looking rigs and maintained where they could convert to diesel and still have quite a bit less invested than if they went out and traded up. Plus we are looking at just buying 03's and 04's at auction to convert to diesel and resell Ourselves. When we put the numbers down it looks like i think a guy would be happier keeping his older model but, have that turbo diesel logo on the side and save allot over new H2's. We are just off I-40 running east and west and not far up from I-30 from Dallas,TX. Close to full service airport and have a small very nice city airport in Conway, AR for those who would fly in with personal plane and We can pick you up from either airfield.

We are looking into developing a financing setup for guys interested in conversion to diesel and I'm discussing options with a supplier of new factory engines to low mileage motors which would lower cost for drop in ready. We have a finance program now for most anything else you could buy like tire and rim mounted sets shipped, Visulogic screens or complete units with DVD and Pioneer head units as well as others etc.. Our Magnuson Superchargers in powder coated model is priced lower than anyone we know of on purpose so that it falls under the $4500 credit line the company allows although with down payment which is required many things could make it under the $4500 or so limit even the polished supercharger. Dragon may have got limit raised but, will not raise prices. I have not seen a sell price on Magnuson SP's yet which match's what Dragon has done as We felt sell more for less rather than making allot on a few. Make it more affordable for allot of Buds.

Customers have been pleased with it so far or unless Dragon has encountered problems I do not know about yet. You could call him or email and find out. With Me having gotten ill again over the last 3 to 4 months and My Mom dying on Christmas Day her own Mothers birthday last 4 months have been real tough and Dragon has just dealt with everything and not loaded Me up with anything unless He needs to. Dragon I Thank You for that consideration and the thoughtfull friend You are.
OK the mushy stuff is past but, I have learned even just turning 50 sometimes You do not say these things enough to people to show graditude.

Well anyway Mikejr You can see You did a good job on Your H2 purchase considering price was vey close to my 2005 even with Me buying it while Hummer craze was still strong in 2004 and not long after i got my H2 the fuel started up in price. So anyone that can match what I did with newer model has done well and I commend You all.

Well if I have raised any questions please let Me know or contact Dragon.

Happy New year to All.

TAZ

i bought a very slightly used 2006 LUX for $52K, had 2800 miles on it, stickered for $63K.

[CO Hummer]

Anyone looking at trading for 2006 H2's that are left around are being discounted real heavily around my part of the world in central Arkansas.

Taz,
I didn't have the time to read your entire post, but I have people going through it now and will briefed on the highlights later. :)


Anyway, I see this stuff about "big discounts" and "cash back", but it's pretty meaningless. That implies that it's now 'economical' to buy a new one when it's not. The value of the H2 depreciates about 8,000-10,000 per year. A $6K cash back discount doesn't even cover what you'll lose in value in the first year.