Buying Guns with Money You Don’t Have

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marksman13

marksman13

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Did any of you buy guns you couldn’t really afford before the 1994 AWB? I’m talking about taking out loans or maxing out credit cards to buy guns and mags for fear that you would never be able to buy them again. If so, do you regret it? I honestly thought about doing something similar just to scratch everything off my bucket list in the next month or so. I decided against it, but I have been putting every bit of my disposable income towards gun purchases in the last four years and I don’t plan on stopping that trend. This is strictly for curiosity’s sake. Not trying to start a debate about personal finances. I honestly can’t imagine us getting through the next four years without some gun legislation and if that happens, I don’t believe I would have any long term regrets about maxing out a credit card to have the guns I want. Some people will have differing opinions.
 
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I would never do that, if I don’t have the extra money I don’t buy things that aren’t needs. Guns, knives, phones, cigars, etc aren’t needs.

BTW, they learned from the AWB. If they do it again they’ll come for what you already have.....like bump stocks. I don’t even think they’re talking about an AWB, it’s mandatory “buy backs” now days.
 
I do not believe one would lose money on a firearm purchase now.
Four years is a very LONG time to await for the ship to correct course.

If one is overextended in 2023...the likelihood of finding a buyer will be great.
My bet is that a new $750 firearm today will be a $750 (used) firearm.

Imagine if we could purchase cars, drive 'em around for a few years, then sell for SAME price.
One should not crazily overextend themselves, yet probably will prove to be prudent purchase.
 
I am fortunate enough to have excellent credit and good cash flow; I purchase firearms with newly opened credit cards that offer signing bonuses (usually about $200) and 0% financing for up to 15 months. The CC company will pay me to buy the gun and give me free money for 15 months - I pay off the balance just before the 15 month expiration and walah, I have been paid $200 and been granted free money to practice my hobby - what a great Country!
 
1993 . . . I was 28. I only had one real credit card at the time, which was one that had to be paid in full each month.

I didn't buy guns on that credit card, but the local major gun shop had a 12 month "no interest" offer a few times per year. I took part in that at least one time in the early '90s.

The bottom line for me was that new black rifles back then exceeded what I was able to pay for even with the possibility of 12 monthly payments.

For some perspective, I like to refer to my old 1994 Guns and Ammo Annual with retail pricing of many guns within. Some MSRP examples from it below . . .

Colt flat top H-bar sporter $989.95
Colt sporter lightweight $859.95
Colt sporter delta H-bar $1,489.95
Heckler & Koch SR-9 $1,369 to $1,946
Springfield Inc. M1A Rifle $1,065 to $1,849
 
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Nope. I don't think it ever even occurred to me to care at the time. Funny to look back and note it seemingly not mattering.

Kind of like when Reagan screwed us with the machine guns. Just sorta came and went for me.

Later, living through California's ban, I didn't care much either.

I guess at any given time I already have what I think I'm gonna want.

Hindsight has proven out the flaw in that thinking. Over and over again.

Here I am without primers or powder.:fire:

Todd.
 
I bought one firearm with a credit card and said i'd never do it again.I save up money if i'm going to buy a firearm now. The interest rates are just to high for me to use one again.My opinion.
 
Just say no to credit, it is the dumbest thing one could do.

I am 28 own my house no mortgage, own my vehicles, and have no debt what so ever...... 2 years ago I had 15k in credit card, home equity lomenof credit maxed, mortgage payments, and a truck loan. I was working maybe 40 hours a week and couldn't find a extra job to save my life. My wife was at a breaking point and was ready to leave, my bank was already talking foreclosure. All because I wanted <removed> I did not need. Jesus christ made the way and I sold land I had as part of the mortgage and emptied a retirement account.

Moral of the story debt is not worth it to have anything you may want.
 
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I’ve bought 3 firearms on a credit card. One was me being young and stupid, making an impulse purchase. The other two... one of them was sold for near what I paid for both of them and the credit card was paid off the following month.

Now I have savings and money to cash flow a purchase of opportunity. Although I’ve about swiped that card all I can for a while with the wife lol. I can’t complain she has been pretty cool about the numerous gun purchases here lately. I’m done for a good long while unless a Lebel rifle pops up at a great price (need a French rifle to complete my WWII collection)
 
I did that in the 90’s. My state had pending legislation banning semi auto rifles and handguns. Since then I’ve bought a few guns for hunting and to keep up with new designs like the shield 9.

I don’t regret the decision. I’ve wasted a lot of money since on other things but I still have my guns.

just don’t dig yourself a financial hole you can’t get out.
 
I was....10 in 93 lol, hadn't even fired a gun yet.
Ive wasted plenty of money on stuff since I started working, I don't really worry about it too much. I also dont feel any real need to buy anything unless I can get a good deal on it, or its something I REALLY want.
If I REALLY want it, Im going to buy it.....I've had that fight with myself, I've always lost, so its better for me to just make a plan as to how im going to afford......what ever it is.
Theres nothing on my REALLY want list right now, so I'm loath to burn credit on anything.
 
Buying anything with money you don't have - is always going to be some sort of tradeoff.
 
Done it before, sold of several safes full and scaled down to one.. not allowing myself to outgrow the current one.

Course maybe that why my pistol accumulation is 10x to rifles.. :rofl:
 
I have actually purchased more than a couple guns with Cabela's points, from using their card to pay expenses and paying in full each month. I have never used credit to purchase a gun, but remember buying on layaway three or four times when I was just starting out.
 
That’s the American way. Personal debt beyond home relate expenses and auto payments is a working mans way of getting luxuries. Guns are luxuries. :rofl:
 
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