Well I decided to trade in the H3....
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RE: Well I decided to trade in the H3.... - 6/20/2007 8:09:48 PM
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hummernewby
Posts: 241
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Not sure what part of the country you are in but looking here in Texas that H3 with mileage and limited add ons would trade in at 25k. See the misconception that a lot of people have in vehicles is that they are worth more than they actually are. A vehicle will lose a large % when you drive it off the lot. The seat covers really don't add any extra value to the vehicle this is more of a personal luxury for you. The adventure model already includes the cd player/xm satellite/onstar/floor mats/trailer hitch. The vehicle you were looking at on Ebay was from a dealership they WILL ALWAYS sell it for more this is with all dealerships not just for Hummers. You also have to take into account the percentage rate you got when you originally purchased the vehicle, how much did you finance, what was the down payment, and that the first few years are mainly interest. Your best bet is to sell it privately you will get more for it than ANY dealer would give you, after all this is the car buying scenario... I feel your pain, but go online to www.nada.com and you can run the numbers yourself. Good luck in your new vehicle choice but I still love my H3 and I don't think you're going to find too many here that will disagree.
Sorry you've had such a bad experience but it can happen with ANY vehicle it just happened to be a Hummer for you.
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RE: Well I decided to trade in the H3.... - 6/20/2007 8:14:34 PM
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Cruizer
Posts: 89
Joined: 4/2/2006
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I understand the depreciation off the lot. I doubt nada will do much. I have used kbb.com all the time and it's never right. The dealerships all go by the most recent wholesale auction. I think my point on the seat covers and floor mats is what kind of condition this thing is in. I drove it for a week without them. It has been well protected, they are not luxury, they are protection. I expected to keep it longer, not sell it right after I took the big depreciation hit. My point about the one on ebay is that although I know ebay is a seller's market, I think 22k is a bit on the low side lol!!!! I guess I at least expected it to hold SOME value being a 4x4. Usually that helps around here.  I'm in NM btw.
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RE: Well I decided to trade in the H3.... - 6/20/2007 8:14:53 PM
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kild1
Posts: 852
Joined: 12/26/2006
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wow thats low
i got 26.5k for my 06 adv with no chrome package and had 19k miles
i'll say shop around more for a better trade in
good luck
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07 H3X Sonoma Red Metallic
 
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RE: Well I decided to trade in the H3.... - 6/20/2007 8:17:00 PM
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Cruizer
Posts: 89
Joined: 4/2/2006
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quote:
ORIGINAL: kild1
wow thats low
i got 26.5k for my 06 adv with no chrome package and had 19k miles
i'll say shop around more for a better trade in
good luck
Could that be because you traded it in for another hummer? I think it all has to do with what they charge for theirs. I don't mind if they give me 23 if they're coming down enough on theirs. It's a numbers game.
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RE: Well I decided to trade in the H3.... - 6/20/2007 8:27:33 PM
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kild1
Posts: 852
Joined: 12/26/2006
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i did get a 07 hummer and they came down on it too
it was 42.900 and i got it for 37,xxx (2k down because they gave us more than we owed on the 06) out the door and a free set of marker lights
it could be the area i live too ,
toyota wanted to give me 25k trade in on a FJ
but while we were thinkn about it the wife saw the sonoma red h3
and we bought it the next day
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07 H3X Sonoma Red Metallic
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RE: Well I decided to trade in the H3.... - 6/21/2007 12:55:12 AM
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HummBob
Posts: 16229
Joined: 5/6/2006
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quote:
ORIGINAL: kild1
i did get a 07 hummer and they came down on it too
it was 42.900 and i got it for 37,xxx (2k down because they gave us more than we owed on the 06) out the door and a free set of marker lights
it could be the area i live too ,
toyota wanted to give me 25k trade in on a FJ
but while we were thinkn about it the wife saw the sonoma red h3
and we bought it the next day
Darn Good Choice TOO!!!
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2004 Black Hummer H2
2007 Black Escalade
 
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RE: Well I decided to trade in the H3.... - 6/21/2007 1:00:14 AM
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peliti27
Posts: 22
Joined: 6/21/2006
Status: offline
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Hey, I got an 06 H3 Adventure with about the same as yours from the factory, plus $12k in aftermarket and I'm only asking $30,000. Getting calls but none are too serious so far.
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RE: Well I decided to trade in the H3.... - 6/21/2007 2:48:43 AM
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D VADER
Posts: 1229
Joined: 5/21/2007
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Personally I think you need to keep a car for 3 years to take the sting out of depreciation. Trading after one year is a bitter pill!!
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2007 H3X w/lux pkg, black on black, Starship from the "Dark Side"
Central Ohio
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RE: Well I decided to trade in the H3.... - 6/21/2007 5:22:35 AM
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Hummergirl4
Posts: 1019
Joined: 4/24/2007
From: Upstate New York
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quote:
ORIGINAL: D VADER
Personally I think you need to keep a car for 3 years to take the sting out of depreciation. Trading after one year is a bitter pill!!
A very bitter pill indeed! Been there, done that... won't do it again. It's definitly better to keep the vehicle awhile.
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Silly boys... trucks are for girls
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RE: Well I decided to trade in the H3.... - 6/21/2007 5:51:52 AM
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Trayderjoe
Posts: 252
Joined: 4/24/2007
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quote:
D VADER
Date 6/21/2007 2:48:43 AM
Personally I think you need to keep a car for 3 years to take the sting out of depreciation. Trading after one year is a bitter pill!!
Absolutely true. Timing, vehicle type, and condition all factor in. I am not sure about one's location being as issue since we live in Michigan, and I traded in a Toyota which my wife felt would not get much (not many dealers in our area and a strong pull towards "American" vehicles). I traded in a "cherry" 2002 Toyota Tacoma Double Cab with the TRD package and was offered 6K less than I paid for it (I also received the "cross over" rebate from GM for my 07 H3-which you obviously don't get in a private sale). Since I had the vehicle slightly more than 5 years, I felt that I did really well. Could I have gotten more if I tried to sell it on my own? Maybe, but I have been down that path before and unless there is a significant difference, it isn't worth the hassle to me. We have traded in an SLT GMC Jimmy, a couple of Grand Prixs, and now my Toyota and have always done better than we hoped going in. We keep the vehicle purchase negotiations totally separate of the trade in discussions and have done well on both ends. About the only time I have seen a dealer not bring down the price much is at the very beginning of the new model year, or if a car is in such hot demand that they can get above sticker (anyone remember when the Honda Accord was in hot demand in the early to mid 80's?)
We NEVER try and move a vehicle for at least three years of ownership (my wife likes to trade in every 3-4 years which drives me nuts, but she pays for her car so I can't complain) for just the reason D Vader indicated-a bitter pill!
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Joe
2007 H3 Victory Red-Just the way I wanted it!
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