Trade-in values

[woyster_h3]

I really don't want to get rid of our H3 but it is looking more and more like I am going to have to. We bought our H3 a little over 6 months and 6500 miles ago. We put a hefty down payment on it and have loved every minute of owning it. About a month after we bought it we found out that we were pregnant (no big deal...that is what we were planning on) with TWINS (BIG DEAL!). Looking into daycare costs and everything else for children, it just doesn't make sense for my wife to continue working (almost all of her after-tax paycheck would go to daycare) but without her income we cannot afford the H3 payment.

SO, this weekend we went out looking for something with a much less expensive per month payment and I was shocked by how little dealerships are willing to give us for trading-in the still VERY NEW H3. As we all know, a new one just like mine is a little over $36k. The highest bid I got was $27,000. I knew I was going to have end up with a loss but $9k?!? The thing still smells new! This $27k bid was even from a Hummer dealership. I got all kinds of excuses. One dealership said that some rental car company had just bought a bunch of them and they were flooding the market. Another said that because it was a first year car the going rate at auction was very low so they couldn't offer me any more than that.

Am I wrong, but they are just going to slap a $33,000 sticker on the windshield and it is going to sell to the first yahoo that sees it.

Sorry for the long post but I am just floored with what I found out and thought I would share. Even Hummer won't stand behind their own vehicle. Does anyone have any ideas?