Well I decided to trade in the H3.... (Full Version)

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Well I decided to trade in the H3....

  

Cruizer -> Well I decided to trade in the H3.... (6/20/2007 7:38:20 PM)

I had finally had enough of this thing and found something that will fit my lifestyle better. I won't go into what I'm interested in and I won't go into what I don't like about the H3. Now I know what I REALLY don't like about the H3. These things don't hold their value worth SH*T!!!

Mine:
2006 H3
Adventure Package
Chrome Package
Auto
OnStar
In dash CD and XM radio
Added: H3 mudflaps, Huskey floor liners, cover king custom fit seat covers.
Mileage 4300
LIKE NEW, one tiny rock chip, not even like a chip on the drivers side rear fender.
This thing is PRISTINE.

I can get 23k and they don't come down on their vehicle one cent.

This just makes me sick to my stomach. Don't know if it's really bad because it's an 06 or what but it's seriously embarrassing. I wish all the jerks who give me dirty looks because they think I'm rich driving this thing knew what it was REALLY worth!!!

[:@]

So then I think to myself, I'll sell it outright.  Look what the closest one to me just sold for on ebay! http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&sspagename=ADME%3AB%3AWNA%3AMT%3A12&viewitem=&item=190122865112

It's not the same but not too far off! Just downright embarrassing for a vehicle that wants to have the image Hummer wants to have. [:'(]

  
hummernewby -> RE: Well I decided to trade in the H3.... (6/20/2007 8:09:48 PM)

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. 
[sm=smiley6.gif]

Cruizer -> RE: Well I decided to trade in the H3.... (6/20/2007 8:14:34 PM)

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.

kild1 -> RE: Well I decided to trade in the H3.... (6/20/2007 8:14:53 PM)

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

Cruizer -> RE: Well I decided to trade in the H3.... (6/20/2007 8:17:00 PM)

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.

kild1 -> RE: Well I decided to trade in the H3.... (6/20/2007 8:27:33 PM)

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

HummBob -> RE: Well I decided to trade in the H3.... (6/21/2007 12:55:12 AM)

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!!![image]http://i97.photobucket.com/albums/l223/HummBob/thumbsup.gif[/image]

peliti27 -> RE: Well I decided to trade in the H3.... (6/21/2007 1:00:14 AM)

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.

D VADER -> RE: Well I decided to trade in the H3.... (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!!

Hummergirl4 -> RE: Well I decided to trade in the H3.... (6/21/2007 5:22:35 AM)

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.

Dennis -> RE: Well I decided to trade in the H3.... (6/21/2007 5:42:26 AM)

What did you expect?  This is an AMERICAN car not a Porsche or Mercedes.[8|]

Trayderjoe -> RE: Well I decided to trade in the H3.... (6/21/2007 5:51:52 AM)

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! 

Dennis -> RE: Well I decided to trade in the H3.... (6/21/2007 6:51:23 AM)

If you really want to take it in the shorts...Buy a Land Rover, especially before they lower the MSRP on the next year's model...[:@]

Cruizer -> RE: Well I decided to trade in the H3.... (6/21/2007 7:18:52 AM)

Well I don't think I can stand to drive this thing two more years honestly. I know about the first year depreciation thing and have always kept other vehicles a while. I kept a car 10 years once and rode it all the way to $3200 lol. We actually saved a lot buying our pickup one year old and also in perfect condition. I think I'll put an add in the paper today and get what I can. I just thought this thing would do better on first year resale because of what it is. NOT. For Hummer acting like it's an elite vehicle, it's absolutely not. And EVERYONE has picked up on how underpowered they are. [:'(]  Usually around here 4x4's do a lot better. I'd like to compare it's depreciation with other 4x4 SUV's in the area. I think this is pretty low.
I do like the FJ Cruisers but I need a bigger back door. 

Cruizer -> RE: Well I decided to trade in the H3.... (6/21/2007 7:29:30 AM)

Well I put an ad on here and I'll put an ad in our paper next week. I'm going out of town this weekend and wouldn't be able to show it. It really isn't the vehicle's fault. I do think it could use more power but that may just be my personality. My big problem is that I got it to run errands with my daughter but when she's in her car seat she can hardly see out. I have to put her in the middle of the back seat for her to see at all and even then she's not happy so I end up having to arrange to drive the truck. She loves the truck, guess because she can see out. So basically since she has to go everywhere I go, I have to drive the truck or end up with a very unhappy camper. The big problem is that as she grows, I have more and more trouble lifting her into the middle of the back seat. (I'm not that tall. lol) I thought about putting nerf bars on it but I'm not sure that would help a lot since there isn't room for me to get in and sit down with her on one side of the car seat to get her in. It's a long story. It just doesn't fit our life right now and I had really hoped it would. I look at it and think, I still really like that thing! It's sharp! But then every trip in it is an ordeal. 

  

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