Future of Hummer value?

[StockStar]

Originally Posted by Stainless

What do you all think will happen to the value of your Hummer H2 over the next 5 years? Do you think sell/trade values will hold up, decrease or even increase over time?

The H2 is a GREAT vehicle! Roll on!

It will decrease like any other GM vehicle, but probably even more since people are getting rid of them left and right. The market is saturated with H2's. Over 2000 for sale on autotrader alone. Don't count on any GM car, especially the H2 as being worth more than what KBB or NADA has it listed for. Im seeing numerous H2's in my area for sale well under the nada or Kbb list price and they still aren't selling. Sorry to be so pesimestic(sp)

[dvl57]

Originally Posted by StockStar

It will decrease like any other GM vehicle, but probably even more since people are getting rid of them left and right. The market is saturated with H2's. Over 2000 for sale on autotrader alone. Don't count on any GM car, especially the H2 as being worth more than what KBB or NADA has it listed for. Im seeing numerous H2's in my area for sale well under the nada or Kbb list price and they still aren't selling. Sorry to be so pesimestic(sp)

I guess in the long run it might decrease in value.
However, values have increased since I've purchased my H2 in 2008.

I can definitely sell it more than I bought it for.

Then again, it could be the region of where you live.
In Texas, it's a strong market.

[seanflood]

I think the value will fluctuate based on gas prices. Everybody needs transportation but not every one needs a Hummer. I seem to see more H3's now than H2's on the road. I wouldn't buy a Hummer as an investment but more for the passion of the vehichle itself.

[VegasGuy]

I am not concerned about the future value of my H2 because I do not plan to sell it . . . with one exception: If I had the the disposable income to pay cash I would upgrade to an '08 or '09. I haven't had a car payment since 1993.

[father_of_4]

I am less concerned about the value of my H2 as to the cost to keep her running say 8-10 years from now (I tend to hang on to vehicles for at least 7 years). For now, I put that concern out of my mind and just enjoy the ride (and remote start) .

Bob

PS Anyone know what a low speed grinding noise from the wheels might be? Not dirty brake squeal.

[VegasGuy]

Originally Posted by father_of_4

Anyone know what a low speed grinding noise from the wheels might be? Not dirty brake squeal.

Bearings?

[HummerJim]

Vehicles make poor investments - there's maintenance, insurance, depreciation. I've owned several collector cars - the Corvettes did the best and the only one I really did well on was a Dukes of Hazzard Charger TV close up car, I bought in 1982 kept in the garage and polished it and drove it in a few parades and sold it when the movie came out in 2005 - but after you factor in 23 years of insurance and a new head gasket on the 440 engine, 18,000 miles of 9 mpg on premium gas with 4:11 gears - it was just about a break even. I don't think you'll sell your Hummer for a profit if you drive it for several years - but, so what, if you love driving it. I had fun in every car I've owned and enjoyed driving them. Honestly, I've enjoyed my two Hummers the most of anything except maybe the '65 396 I bought new, and the M5- yep, I'm an old fart! Hummers are fairly easy to maintain and people that want them aren't that concerned about gas. I plan on keeping my H2 until they bury me and maybe get another H3 someday, only used this time. When it comes to cost of maintaining a car or vehicle, very little can hold a candle to a high performance BMW V8 out of warranty. Cars that hold their value like a Honda Civic, Toyota Corolla, or Prius, and the ones Consumer Reports likes are BORING and aren't that much fun to drive and when your gas gauge in life is approaching empty and you look back on things - fun in driving means a lot. As for how others feel about Hummers, I could care less if they sneer at me when I drive by - I LOVE HER and enjoy driving it every time I take it out, rather on pavement or dirt!

[father_of_4]

Originally Posted by VegasGuy

Bearings?

12k miles? Hope it's early for that. Started to hear it after first tire rotation...

Hmmmm