$4 dollar gas hummers resale value.
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$4 dollar gas hummers resale value. - 3/15/2008 8:26:07 PM
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pugads650
Posts: 8
Joined: 2/24/2006
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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.
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RE: $4 dollar gas hummers resale value. - 3/15/2008 8:30:37 PM
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BassGear
Posts: 1133
Joined: 5/29/2007
From: Raider Nation BLING
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When gas prices peak like this, it definitely becomes a buyers market, not a sellers market.
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RE: $4 dollar gas hummers resale value. - 3/15/2008 9:09:36 PM
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3hummers
Posts: 11822
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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.
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2006 H1 Alpha wagon
2000 H1 Slantback
1997 H1 wagon
2008 H3 Alpha
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RE: $4 dollar gas hummers resale value. - 3/16/2008 1:20:00 AM
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HummBob
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Meh....
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RE: $4 dollar gas hummers resale value. - 3/16/2008 6:48:14 AM
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Muddydawg75
Posts: 9960
Joined: 3/11/2007
From: South Jersey Shore
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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...
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RE: $4 dollar gas hummers resale value. - 3/16/2008 9:31:00 AM
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rhill20
Posts: 4549
Joined: 10/27/2007
From: Delaware, Ohio GO BUCKS!
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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 
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RE: $4 dollar gas hummers resale value. - 3/16/2008 11:19:00 AM
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3hummers
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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?
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2006 H1 Alpha wagon
2000 H1 Slantback
1997 H1 wagon
2008 H3 Alpha
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RE: $4 dollar gas hummers resale value. - 3/16/2008 12:17:55 PM
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blackbear
Posts: 1780
Joined: 11/4/2006
From: Montreal
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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
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RE: $4 dollar gas hummers resale value. - 3/16/2008 12:24:34 PM
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3hummers
Posts: 11822
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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.
< Message edited by 3hummers -- 3/16/2008 12:30:52 PM >
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2006 H1 Alpha wagon
2000 H1 Slantback
1997 H1 wagon
2008 H3 Alpha
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RE: $4 dollar gas hummers resale value. - 3/16/2008 12:31:56 PM
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blackbear
Posts: 1780
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From: Montreal
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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
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RE: $4 dollar gas hummers resale value. - 3/16/2008 12:47:55 PM
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RickLF
Posts: 77
Joined: 4/7/2007
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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........
< Message edited by RickLF -- 3/16/2008 5:45:35 PM >
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RE: $4 dollar gas hummers resale value. - 3/16/2008 4:28:32 PM
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3hummers
Posts: 11822
Joined: 9/23/2007
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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.
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2006 H1 Alpha wagon
2000 H1 Slantback
1997 H1 wagon
2008 H3 Alpha
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RE: $4 dollar gas hummers resale value. - 3/16/2008 5:35:03 PM
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RickLF
Posts: 77
Joined: 4/7/2007
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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.......
< Message edited by RickLF -- 3/16/2008 5:41:38 PM >
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RE: $4 dollar gas hummers resale value. - 3/16/2008 5:42:03 PM
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calif phil
Posts: 74
Joined: 2/7/2008
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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.
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RE: $4 dollar gas hummers resale value. - 3/16/2008 6:01:39 PM
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djguy988
Posts: 52
Joined: 4/8/2007
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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.
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