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-   -   How much is my car worth....? (http://www.elcovaforums.com/forums/showthread.php?t=33972)

ipeefreely 05-05-2008 07:48 PM

How much is my car worth....?
 
Sorry... it's been awhile since I've logged onto this here forum. I transferred to a university and my schedule has been hectic ever since.

Anyways... Lately I've been debating about selling my 05 h2 SUV. I don't get to drive it too often because i live so close to school and there's been some family financial issues i hope i could relieve a little with the sale my babeeee.

Here are some pictures of my h2:







The h2 as of now has around 33,000 miles, is pretty much mint (besides a couple of rock chips in the paint...normal wear and tear stuff) and includes the following:

-Lux Package
-Air suspension
-Towing package
-Wheel/Tire Carrier
-SMA brush guard
-Bi-Xenon HID headlights
-Pioneer AVIC-D1 DOUBLE DIN Navigational system
-Diamond Audio S500's replaced on all speakers (including 2 12" subwoofers)
-3 amps to supply all the power
-Extra Optima battery installed
-Clear marker lights all around
-PIAA custom blue/white DRL's and side marker lights


So i was wondering how much can i expect to sell this for? Can anyone just give me the worst and best possible prices i can expect (even dealer trade-ins). Any help would be appreciated. Thanks

Btw: I currently reside in San Diego, Ca if the location has anything to do with the pricing of these cars. (i know gas is a bit more expensive around here in California)

TXSUT 05-05-2008 08:56 PM

Re: How much is my car worth....?
 
It's worth $5,000 less than Blue Book simply because you refer to it as a "car".

ipeefreely 05-05-2008 10:04 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by TXSUT
It's worth $5,000 less than Blue Book simply because you refer to it as a "car".



Lol ok fixed then. =)

MDimitri 05-05-2008 10:30 PM

Re: How much is my car worth....?
 
Even Better idea is to sell the Benz in the background and keep the truck, you'll get more for the Benz. LOL! Just kidding, you should be able to get around $45,000.00 -$48,000.00 Amehican. Oh and just in case you are wondering about all those extras you've added, they are not worth anything in the grand scope of things, if can ballpark a price of what you paid for all the toys on it, you can pretty well expect a bout 10% of that back.

Cheers!

:popcorn:

ipeefreely 05-05-2008 10:38 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by MDimitri
Even Better idea is to sell the Benz in the background and keep the truck, you'll get more for the Benz. LOL! Just kidding, you should be able to get around $45,000.00 -$48,000.00 Amehican. Oh and just in case you are wondering about all those extras you've added, they are not worth anything in the grand scope of things, if can ballpark a price of what you paid for all the toys on it, you can pretty well expect a bout 10% of that back.

Cheers!

:popcorn:


Really? 45-48k sounds like alot to me. I checked on KBB and it gave me the following:

Trade in Value - $32,475
Private Party Value - 35,675
Retail Value - $39,675

I was thinking of pricing it around 34-35k based on these values.... do you guys think that is a good price?

Alan06SUT 05-05-2008 10:59 PM

Re: How much is my car worth....?
 
28K is the most you'll get for a trade in (maybee less) and for private party sale I'd say 33K tops. I talked to the dealership manager and he said the problem with used H2's is that since they are in the under 30K range, a lot of folks can afford them, but either they cant afford the gas or they dont want to pay for the gas. A perception issue IMO. They will probably still buy and SUV or Truck with very similar mileage.

ipeefreely 05-05-2008 11:08 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by Alan06SUT
28K is the most you'll get for a trade in (maybee less) and for private party sale I'd say 33K tops. I talked to the dealership manager and he said the problem with used H2's is that since they are in the under 30K range, a lot of folks can afford them, but either they cant afford the gas or they dont want to pay for the gas. A perception issue IMO. They will probably still buy and SUV or Truck with very similar mileage.



I can't say how much i agree with you because I've met a lot of people who criticized me about how bad my car's mileage is when their trucks are getting only maybe 1-2 mpg more than me.

On a side note, i think I'll be really happy with something like 32k. I just feel like it's such a waste when i barely drive it and it's just sitting there depreciating.

Andy H1 05-05-2008 11:16 PM

Re: How much is my car worth....?
 
Dealers are certainly low balling the H2 if you have in mind trading. I was out looking at the '08s at the local dealer down here in Georgia, and really liked them. Brought the wifes 2005 SUV loaded with goodies up with less than 16,000 miles and they only got me up to $26,000. Out of curiosity, I had my 2002 H1 in for service and I got a price on the H1 and they only offered $35,000. Changed my mind real quick about trying for a new H2 with the value dipping so low on the used ones.

MDimitri 05-06-2008 12:20 AM

Re: How much is my car worth....?
 
Quote:

Originally Posted by ipeefreely
Really? 45-48k sounds like alot to me. I checked on KBB and it gave me the following:

Trade in Value - $32,475
Private Party Value - 35,675
Retail Value - $39,675

I was thinking of pricing it around 34-35k based on these values.... do you guys think that is a good price?


Wow, here in Canada the price is anywhere between 38,000.00 to 48,000.00. For my 03 I can still get 30,000.00.

ipeefreely 05-06-2008 01:28 AM

Re: How much is my car worth....?
 
Quote:

Originally Posted by MDimitri
Wow, here in Canada the price is anywhere between 38,000.00 to 48,000.00. For my 03 I can still get 30,000.00.


wow 30k for an 03 is great. I'm going to post my car on craigslist to see if there are any bites. If there isn't i might consider a trade in to the dealership... im just hoping i wont have to resort to that as i know they're going to low ball me.

MDimitri 05-06-2008 02:58 PM

Re: How much is my car worth....?
 
Have a look at these links to prove what I'm saying:

2003 H2 Prices:

http://www.canadatrader.com/result/d...6&pgno=1&srt=1

http://www.canadatrader.com/result/d...3&pgno=1&srt=1

http://www.canadatrader.com/result/d...6&pgno=3&srt=4

http://www.canadatrader.com/result/d...0&pgno=3&srt=4

2005 H2 Prices:

http://www.canadatrader.com/result/d...7&pgno=6&srt=4

http://www.canadatrader.com/result/d...7&pgno=7&srt=4

http://www.canadatrader.com/result/d...3&pgno=7&srt=4

http://www.canadatrader.com/result/d...2&pgno=7&srt=4

http://www.canadatrader.com/result/d...0&pgno=8&srt=4

Just a few so that you have something to guage by.

Cheers!

SnakeH2 05-06-2008 06:59 PM

Re: How much is my car worth....?
 
.
Quote:

Originally Posted by The Boston Globe
With stocks of unwanted new SUVs and pickups piling up at dealerships across the country, automakers are offering unprecedented promotions. Incentives for large SUVs, including cash rebates, topped $4,000 in March, or more than double those offered in March 2002, according to Edmunds.com, which monitors the motor industry.

At the same time, consumers like Chrystall are flooding the market with used SUVs, trying to trade in hulking Hummers for compact Corollas, and getting thousands of dollars less than they would have just a few months ago. In April, the average used SUV took more than 66 days to sell, at a 20 percent discount from vehicle valuation books, such as Kelley Blue Book, compared to 48 days and a 7.8 percent discount a year earlier, reported CNW Marketing Research, an automotive marketing research company.


MDimitri 05-06-2008 08:46 PM

Re: How much is my car worth....?
 
Sell your vehicle overseas and make a small fortune. 2005 Hummer H2's in Italy are running around $35-$47,000.00 Euros, thats like $55-70,000 US and even higher in the Middle East. Cost to send your baby over to Europe or Middle East - between $2,500 - $5,000.00. Biggest thing is that you need to have a reputable seller or broker over there to get rid of it for you and that you get paid up front.

Click on this link to see what a 2003 - 2007 are going for in the UK: (Don't forget to multiply by 2.25 exchange rate from Pounds to US or Canuck dollar)

http://search.autotrader.co.uk/es-uk.../search.action

:popcorn:

Tex_h2 05-07-2008 03:18 AM

Re: How much is my car worth....?
 
Quote:

Originally Posted by MDimitri
Wow, here in Canada the price is anywhere between 38,000.00 to 48,000.00. For my 03 I can still get 30,000.00.



I'm really surprised the amount of H2's on the road up here in Ontario, Canada....Hamilton/Toronto area. Especially with the gas prices, don't get me wrong I proud to see as many as I do. Its just that there are way too many canadians that are toooooo whatever you want to call it about driving big gas guzzling suv's. Almost everyone either walks or take's the bus. I drove my LX470 up here to take care of some family stuff, and it takes about 100-110 dollars to fill this thing up, and the Lexus is about as thirsty or worst them my H2. Also there is ton's of "smart car" up here.

Also, back to this thread, I wouldn't even try to trade your H2 into the Stealership. Sell it private!

ipeefreely 05-09-2008 11:41 AM

Re: How much is my car worth....?
 
I've listed the H2 on craigslist but haven't gotten a single bite yet. It seems like no one is really into the market for the H2 because of rising gas prices and what not. If worse comes to worst, I might just sell it to a stealership because I'm about to move even closer to school and I'll probably only put around 1000 miles on it next year (I think i put roughly around 2000 miles on it this year).

Agriv8r 05-09-2008 02:36 PM

Re: How much is my car worth....?
 
for the Dealership, I would think you are in the 27-29k range...

Tex_h2 05-09-2008 05:21 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by Agriv8r
for the Dealership, I would think you are in the 27-29k range...


I'm sorry to correct your spelling but its Stealership!

Biskxp 05-09-2008 07:21 PM

Re: How much is my car worth....?
 
Hmmmmm - Ship it to the UK and sell it for twice as much......

Prob get about $62,000

Hummer prices are still VERY high and fuel prices would make you cry. About $250 to fill a tank up

Tex_h2 05-09-2008 09:17 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by Biskxp
Hmmmmm - Ship it to the UK and sell it for twice as much......

Prob get about $62,000

Hummer prices are still VERY high and fuel prices would make you cry. About $250 to fill a tank up



250 A tank.....wow.......my hat is off to all UK H2 Drivers

Biskxp 05-09-2008 10:22 PM

Re: How much is my car worth....?
 
Quote:

Originally Posted by Tex_h2
250 A tank.....wow.......my hat is off to all UK H2 Drivers


Hence the up and coming LPG conversion

ipeefreely 05-12-2008 09:41 AM

Re: How much is my car worth....?
 
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 05-13-2008 11:07 PM

Re: How much is my car worth....?
 
Quote:

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 05-13-2008 11:12 PM

Re: How much is my car worth....?
 
Quote:

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 05-14-2008 03:39 AM

Re: How much is my car worth....?
 
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 05-14-2008 04:14 AM

Re: How much is my car worth....?
 
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 05-14-2008 04:24 PM

Re: How much is my car worth....?
 
Quote:

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 05-15-2008 10:34 PM

Re: How much is my car worth....?
 
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 05-16-2008 03:20 AM

Re: How much is my car worth....?
 
I just bought nearly the exact same H2 for 27K. I paid an extra 2K for an extended warranty.


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