$4 dollar gas hummers resale value.

pugads650

3/15/2008 8:26:07 PM

so with gas going to hit the 4 dollar mark in the next couple of weeks what do you think that will do to the hummers resale value.

because im contemplating selling mine because at 4 dollars a gallon thats 128.00 vs 88.00 dollars which lets not lie stung a little every 4 days when i had to fill her up now at 128.00 bucks a tank this is starting to suck a little.

plus i do drive my truck more often than other hummer drivers, ive put about 23k miles in about a year on my truck. plus im a realtor and the real estate market is not looking too good right now.

BassGear

3/15/2008 8:30:37 PM

When gas prices peak like this, it definitely becomes a buyers market, not a sellers market.

3hummers

3/15/2008 9:09:36 PM

Hard to speak to your situation. When I started buying the Hummers gas wasn't cheap. I knew they weren't economical from a gas or maintenance standpoint. I enjoy driving the Hummers and if gas keeps going up it won't change what I drive. I actually was the high bidder on a two H1door truck and an H1 open top today. Now I have to decide which, if either I am going to try to buy ( niether hit the reserve but both are working with me on negotiating a price we both can live with ) I am fortunate in that I drive a very short distance to work and most of my driving is discretionary. For those that have to drive a lot it might become an issue.
The used car market in general is very slow and low mpg vehicles like SUVs and Hummers have already been hit pretty hard. What you loss in vehicle value when you trade in the H2 may not be worth what you save in gas each month.

HummBob

3/16/2008 1:20:00 AM

Meh....

Muddydawg75

3/16/2008 6:48:14 AM

Gas is already over $4 in the midwest.... not that big of a deal... My dad isn't getting rid of his 8.1l Silverado just because it gets 7-8mpg.... it's an expense... if you can't afford the fuel then you were in over your head buying the truck...

rhill20

3/16/2008 9:31:00 AM

I refuse to let the gas prices dictate what I drive. Maybe work on your driving habits more to help, hell, we ALL do probably do better in the department. In 6 months I've put around 10,000 miles on my H3 so I feel where you are coming from (don't think the gas mileage is THAT MUCH better than a 2).

I love the way it looks, rides, things it is capable of whenever I feel like doing them. And yes (hate to admit this) the attention it gets

. If I didn't own this it would be a Dodge Ram or Silverado so it's not like MPG would be getting any better anyway.

Housing market will come back around, if you have been in the business very long you know that it goes in trends. About every 7-10 years sucks with housing. Maybe someday we will figure out to stop building so many damned houses before we can fill them

3hummers

3/16/2008 11:19:00 AM

The publics are driven by quarterly reporting and I agree with you on those guys. They kept building when they should have been on the sidelines. One of the national homebuilders got caught with 350,000 lots in inventory when the slowdown hit. What were they thinking?

blackbear

3/16/2008 12:17:55 PM

What are you guys complaining about, cost per gallon here is $4.65 now and this summer there talking about $5.60 now that really sucks!!! but I also say that those SOB's aren't going to make get a Prius

3hummers

3/16/2008 12:24:34 PM

I wasn't complaining. Just talking about how stupid some of the national homebuilders were. Unless I decide to go somewhere on the weekend my total driving for a month is under 600 miles. My wife does about twice that. Gas just isn't that big a deal for us. If I had to drive more I might be a little more sensitive to gas prices.

blackbear

3/16/2008 12:31:56 PM

3hummers, I was just talking in general, I wasn't saying you were complaining, the last trip I took to the States, I was filling up high octane because it was so cheap there LOL my 3 got pampered while I was there LOL

RickLF

3/16/2008 12:47:55 PM

Its Kinda Funny in a way, when we bought our,1st H2 everyone at work wondered if I was going to work Overtime to pay for the Gas...........

I LOVE this truck......Or should I say I Love to Drive this Truck........compared to all the Trucks I had in my Lifetime......This is my Truck of Choice.......

Im Not Rich, but if gas went to $6.00 a Gallon, id still be driving it as usual........

I have a lot of Freinds who sold there trucks for a Easy-On-Gas-cars.........becuase they were getting 14-16 MPG, but were totaly Happy with there Ride, Now there getting 28-38 and cant put a Famley of 4 in it to go to Dinner........Shame

Now they have No room to move and Wish they had kept there trucks.......its worth the extra funds for Fuel to drive an H2........

Rick........

3hummers

3/16/2008 4:28:32 PM

I had two small cars run into my H2 and I saw what they looked like afterward. My family and I are staying in Hummers. The price of gas is insignificant compared to a lot of other things.

RickLF

3/16/2008 5:35:03 PM

Hi 3Hummers.....

I wanted an H1 but our Condo Asso. wouldent allow it.....to Wide....

had to Settle for the H2 and the Wife got an H3.......

calif phil

3/16/2008 5:42:03 PM

Driving an Hummer for your real estate business might help in selling a house or two. That extra sell might pay for the difference in MPG. I have not found a truck I like better than H2. I have had crew cab dually's, Harley F150, Z71 Chevys and Grand Cherokee and a Durango and none of them I like as much as my Hummer. It is the perfect vehicle for me.

djguy988

3/16/2008 6:01:39 PM

Correct me if I'm wrong.....Don't you write off your mileage on your taxes? I need to pull trailers, and could get a truck that gets an extra 5 mpg, but I'm very happy with my H2. Being self employed, I write off a significant amount of miles that I drive, and if I can't write it off.....I drive the scion.

3hummers

3/16/2008 6:02:10 PM

That must be one awful set of CC&Rs you have there. Don't think I've ever seen one that gave them a vote on your choice of vehicle ( except for parking RVs, boats or broken down vehicles). You know that the H2 is taller and longer than an H1.

CG07SUT

3/16/2008 6:06:54 PM

Like everyone else has said, the truck was not purchased for its economy. The ability to whatever you need, wherever you need to, along with its security offsets the increased fuel consumed. Having just done taxes, I spent over $3600 in gas the last 9 months, lower fuel prices would be nice, but will not change what I drive. I have heard that no-one is visiting the Hummer Dealers, and sales are extremely slow. I did receive this interesting e-mail from a friend:

THIS IS NOT THE 'DON'T BUY' GAS FOR ONE DAY, BUT IT WILL SHOW YOU HOW WE CAN GET GAS BACK DOWN TO $1.30 PER GALLON.

This was sent by a retired Coca Cola executive. It came from one of his engineer buddies who retired from Halliburton. If you are tired of the gas prices going up AND they will continue to rise this summer, take time to read this please.

Phillip Hollsworth offered this good idea.
This makes MUCH MORE SENSE than the 'don't buy gas on a certain day' campaign that was going around last April or May!
It's worth your consideration. Join the resistance!!!!

I hear we are going to hit close to $ 4.00 a gallon by next summer and it might go higher!! Want gasoline prices to come down?

We need to take some intelligent, united action. The oil companies just laughed at that because they knew we wouldn't continue to 'hurt' ourselves by refusing to buy gas.

It was more of an inconvenience to us than it was a problem for them.
BUT, whoever thought of this idea, has come up with a plan that can Really work. Please read on and join with us!

By now you're probably thinking gasoline priced at about $2.00 is super cheap. Me too! It is currently $2.98 for regular unleaded in my town.

Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50 - $1.75, we need to take aggressive action to teach them that BUYERS control the marketplace...not sellers.

With the price of gasoline going up more each day, we consumers need to take action.

The only way we are going to see the price of gas come down is if we hit s omeone in the pocketbook by not purchasing their gas! And, we can do that WITHOUT hurting ourselves.

How? Since we all rely on our cars, we can't just stop buying gas.

But we CAN have an impact on gas prices if we all act together to force a price war.

Here's the idea: For the rest of this year, DON'T purchase ANY gasoline from the two biggest companies (which now are one), EXXON and MOBIL.

If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.

But to have an impact, we need to reach literally millions of Exxon and Mobil gas buyers. It's really simple to do! Now, don't wimp out on me at this point...keep reading and I'll explain how simple it is to reach millions of people!!

I am sending this note to 30 people. If each of us send it to at least ten more (30 x 10 = 300) .. and those 300 send it to at least ten more (300 x 10 = 3,000)...and so on, by the time the message reaches the sixth group of people, we will have reached over THREE MILLION consumers.
If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted!

If it goes one level further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!!

Again, all you have to do is send this to 10 people. That's all!

(If you don't understand how we can reach 300 millio

3hummers

3/16/2008 7:38:46 PM

This was just posted on here a few days ago. It goes back for years.

pugads650

3/16/2008 10:22:35 PM

i think we all got off track here the question was what do think 4 dollar gas will do to the h2's resale value.

HummBob

3/17/2008 12:36:45 AM

quote:

ORIGINAL: blackbear

3hummers, I was just talking in general, I wasn't saying you were complaining, the last trip I took to the States, I was filling up high octane because it was so cheap there LOL my 3 got pampered while I was there LOL

Yeah...No Kidding!!! They get ALOT of their Oil FROM US, yet we PAY MORE LOCALLY??? WTF????

Damn "FREE HEALTHCARE"!!!!

RickLF

3/17/2008 2:00:55 AM

The Writting it off for taxes, is Not all its cracked up to be....

If you use your Hummer or other car or Truck for Business is has to be used for 100% for Business use, No Personal Use........for a total write-off.......and thats only a % amount..

You can use you Car or Truck for Personal and Business as a Write off, as long as you have a Drivers Log Book, so the IRS knows the Differance Between your Beer Runs compared to your Business use.......(What a Hassle)

The thrid choice is the one I use............I dont use it for a Write-Off.........what ever they take off is the same for Everyone......and I drive it everyware........

We are an Internet Business and running for Stamps Or Going to UPS store is all I could Write off for Business......

Now if you were selling Insurance or Homes/land that would be a Toatal/Perfect write-off...

There has Been 8 Business Owners here with Hummers, Fined by IRS for Cheating on there Taxes, when it comes to Mileage.........when theres an Audit........

I dont have to Worry about that.............Rick

3hummers

3/17/2008 9:56:01 AM

As stated, higher operating/gas costs will negatively impact all low mpg vehicle values ( trucks, SUVs Hummers ) Look at the prices on Ebay. I think the used H2s should be selling at significantly higher prices. Even H1 prices are under some pressure even those tend to be more spare play toy type vehicles than everyday drivers. I am not sure if that is because of oil prices or more related to the overall economic funk.

Muddydawg75

3/17/2008 4:10:19 PM

Higher gas prices is going to be no different than convertables in January in Detroit...

djguy988

3/17/2008 4:26:28 PM

quote:

ORIGINAL: RickLF

The Writting it off for taxes, is Not all its cracked up to be....

If you use your Hummer or other car or Truck for Business is has to be used for 100% for Business use, No Personal Use........for a total write-off.......and thats only a % amount..

You can use you Car or Truck for Personal and Business as a Write off, as long as you have a Drivers Log Book, so the IRS knows the Differance Between your Beer Runs compared to your Business use.......(What a Hassle)

The thrid choice is the one I use............I dont use it for a Write-Off.........what ever they take off is the same for Everyone......and I drive it everyware........

We are an Internet Business and running for Stamps Or Going to UPS store is all I could Write off for Business......

Now if you were selling Insurance or Homes/land that would be a Toatal/Perfect write-off...

There has Been 8 Business Owners here with Hummers, Fined by IRS for Cheating on there Taxes, when it comes to Mileage.........when theres an Audit........

I dont have to Worry about that.............Rick

I use the log book. It takes less time to write down your mileage than you think, it's just a habit you have to get into.

RickLF

3/17/2008 5:51:43 PM

Hi Djguy988......

Your Right...But I dont go far enough or often enough to use the book.....as a write off....

and Id probley loose the Book anyway...LOL

Rick.........