Privacy guaranteed - Your email is not shared with anyone.
Separate names with a comma.
Discussion in 'The Okie Corral' started by glocked1, Nov 30, 2012.
Anyone notice Bud's has had a very small amount of used guns lately?
A. People not selling many guns these days.
B. Bud's doesn't pay fair prices for used guns.
C. Lots of people have bought up the used guns they had.
D. All of the above.
Go to Buds store front they always have a lot more used guns there that they do not list online. I never understood this about them. I do agree they do not offer much of nothing for a gun when you try to sell it or trade it in. I do almost all my business with them for the last few years but refuse to trade or sell a gun to them.
Please let me know which gun shop would give you "fair" price for your used guns.
There is a difference between reasonable offer and low ball offer. I understand there is very few gun shops left that will give you a fair price on a used firearm anymore.
What, exactly, is a "fair" price.
That's what I want to know from the gun owners.
What's "reasonable"? What's "fair"?
So, you want to sell off your Glock 17. It has no box, no manuals, no original anything but maybe an extra mag. How much do you think that the gun shop should offer you?
Consider that a brand new one is about $550.
If a gun store buys a used firearm for a "fair" price, what is he supposed to sell it at? HH
I think it would take too much time to list used guns, not knowing how fast they will sell in store.
$545.........cuz I can get $550 from a private sell because it's "off the books and no paper trail!"
IMO most gun shops only offer about half of the market value of a used gun. Your gun is considered "used" as soon as you take possession and leave the gun store. So if you got a Glock pistol where the market price is $500, the gun shops will offer you $250 for it as well give you plenty of the reasons why their offer is so low.
Fair price depends on the market. Say in your store you know you can sale a used glock 17 with one mag no box or paperwork for $450 to $475. A fair offer to me would be around $375 to $400 maybe even $425 if you have someone you know looking to buy one .
The gun store needs to at least double their money. They are taking the risk of not knowing how long it will take to sell, cost of store front, yada yada yada. Running a business with a store front is expensive.
If gun is new $550
Used price $450
Gun store offer $150 - 200.
Absolutely Best Possible Gun store offer $300
It's ugly and not far from the truth.
My LGS will handle my used gun on consignment for 10% of the proceeds. They will suggest a price which may move it, but the posted price is up to me.
Realistically a "used" gun (vs a "collectible" gun) might retail for 60% to 80% of new, depending upon appearance - and for handguns - presence or absence of factory packaging.
Posted using Outdoor Hub Campfire
You think a gun store can run on 5-10% margins on their used inventory? If a customer then buys the used gun with a credit card the gun store would actually break even..
I love these threads, as there is no more accurate indicator of who is self-employed and who will never be. HH
Don't forget paying the help, utility bills, insurance, licensing fees, and a whole lot of other stuff. It's a tough buisness to get established and maintain.
Best way to keep from getting "screwed" when trading a gun at a gun store, is to sell your gun first and bring the cash to the store. Just like you, the owner of the store can't use your used gun to pay his bills and put food on the table for his family.
Gun stores will typically look to make about 50% on used guns, since the margin is so low on new ones. A business needs to make about 30% margin to make it worthwhile for the owner to keep the doors open, unless it's a very high volume dealer.
I've done a lot of trades with gun stores and always felt like I got a fairer deal than if I was just trying to sell them my gun. We've taken into consideration what they have into the one they're selling, not necessarily what the selling price is.