FN Five-seveN 5.7 for $1000 loan?

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Hello! This is my first post on here. I was referenced this site by one of your members who told me there were some very knowledgeable members. Sorry for starting out by asking a question, but I've got a little dilema going on with one of my best friends.

Well, I loaned a buddy of mine a thousand bucks a few months ago, and he's fallen on hard times. His wife died from cancer, he lost his job taking care of 3 children, and he has started selling off everything to help get by.

Long story short, he is offering me an FN Five-seveN to repay the $1000 loan. Comes with 3 of the 20 round magazines and 100 rounds. Only had a few clips shot through it, bascially brand new/99%.

Questions I have are:
I don't know much about this weapon. Is it reliable? Good for a daily concealed carry?
What are the laws in VA for transferring a weapon between private buyer/seller? He has a concealed weapons permit, and I am getting one as soon as the courthouse opens. Neither of us have an FFL.
Is this a good deal?
How much is ammo and is it hard to find?

Thanks for the info!
 
The 5.7x28mm round is an inferior defensive round compared to 9mm, .40, .45 etc.. I'm sure someone will protest with, "It's good enough for the Secret Service," because they use it in their submachine guns but look it up...ballistic comparisons of both the bullet and it's performance indicate that there are better choices for a defensive handgun.

As far as taking it from your friend..that's a heart choice. You know him and his situation better than we do. You could always take it and then sell it. You can look at gunbroker to see what they might be going for.

brad
 
I wouldn't get a five seven unless I already had plenty of guns to satisfy every need and was bored. For a civilian, it's basically a novelty gun. It would be terrible for CCW, because it's huge, has no knockdown power, and the DA would probably burn you for defending yourself with a gun that was specifically designed to penetrate body armor. Also, the ammo is easy to find on the internet, but it is quite expensive.

I would check gunbroker, and if you see any used ones sell for more that $1000, take it and sell it.
 
Do you think you can turn it back into $1000.00 if and when you need the cash? Answer that first. Ammo is high, it's big for CC. orchidhunter
 
The gun is indeed worth about $1k, so its not unreasonable.

If you are over 21, both of you are VA residents, and you aren't a felon, all that is required is for you to take the gun from him - no hassle, paperwork, etc. This is federal law. Some states impose more restrictions, however I am almost certain VA does not based on comments from other VA residents here.

As mentioned, it is not a great cc gun, but it has a buzz about it right now, so maybe selling it via Gunbroker is the best thing to do.
 
Take it. You have a novelty, he has $1000 debt less.

If you decide you don't like it, it should be easy to turn that thing around and sell in this political climate. Get a 30 round mag or two for it, and I'm sure you can make a mint on the thing if you want.
 
Just shot mine this past week. Lots of folks are judging the 5.7 round without consideration of the defensive rounds being developed by comapnies like Elite Ammunition. The round is in it's infancy and I'd strongly recommend a trip over to the FN forums to get the story from folks who have actually shot the gun and know more about it than the usual stuff passed along again and again.

The gun is a blast to shoot. Ammo can be had for just over $20 for 50, not all that earth-shattering, and two more makers will be offering the round very soon, if not already. As to taking it in lieu of the debt, I will say that a bird in the hand is worth two in the bush. If you are concerned about value you might want to consider that if Mr. Obama gets his way you may find yourself witha gun that is very valuable, or, conversely, one that you will not be able to get ammo for. It could cut both ways depending on what happens, if anything. The antis do not like this gun or round at all, not one bit, despite the fact that ammo piercing rounds arent sold to civilains (but can occasionally be had for obscene prices).

It's one of those guns that has become popular to bash, so to get the whole story you might want to hear the opinions of folks who actually have experience with one.
 
Also, the ammo is easy to find on the internet, but it is quite expensive.
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The ammo is not expensive.

Other than that, what everyone else said was pretty much right on the money. The pistol makes sense for use as a backup to the P90 because of ammo consolidation and use of better penetrating ammo. For civilians it is a "fun gun". Poor carry choice except for someone who can't shoot a harder recoiling service caliber IMHO.

If the gun has only had a few magazines through it, then I would say $1000 is a pretty fair trade. They go for upwards of $900 new, so when you figure in the 100 rounds, extra mag, etc., you would be in the $1000 neighborhood. If I were trying to get a deal on one I could probably do better by $100 or so, but if this is your friend (and it sounds like he could use some help here) I would take it.

Jason
 
It will give you about .22mag ballistics from a pistol, that you would get from an actual .22mag from a rifle.

I do not have a lot of faith in the round, unless it's fired in volume.

Josh <><
 
The ammo is barely more expensive than .45, I don't know why everyone has this idea that the ammo is like $1 a shot. Google some prices folks.

I would do it, even if you never use it at least you can help out your friend. I'm sure you can sell it for around $1000 if you choose to do so, and then rest easy at night knowing you saved your buddy some trouble.
 
Was last time I checked, then again, last time I checked was like, before the 5-7 came out.
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Keep in mind that per case prices of 5.7x28 is for 2000 rounds, not 1000 like a standard case for most things.


I've seen that throw people off if they check by-the-case pricing and don't notice it's twice as many rounds.

Ammo isn't that expensive compared to other commercial ammo.
 
If you want to give your friend a merciful act of compassion, then YES, take the gun and ammo in trade. It may not be a dollar for dollar trade, but it is very close. This is a gun that some think will be banned, (I don't), and may possibly increase in value thanks to libs. The FN 5.7 is a quality pistol. If you figure the gun at $900-950 and the ammo at $40, then the dollar value is close enough IMHO. It came with three mags originally...FN does that.

In Virginia you can do a private sale, or trade, with no other interference provided neither of you are excluded from owning a handgun. It would be wise to have a bill of sale and debt cancellation note signed between the two of you.

The 5-seven is a very fun gun to shoot, you'll enjoy it and come to appreciate it's soft recoil and fine accuracy.

If it were me I'd be inclined to take the trade...it doesn't sound as if he has any money and he's doing the right thing by offering what he has. Take it.
 
If you want to give your friend a merciful act of compassion, then YES, take the gun and ammo in trade. It may not be a dollar for dollar trade, but it is very close. This is a gun that some think will be banned, (I don't), and may possibly increase in value thanks to libs. The FN 5.7 is a quality pistol. If you figure the gun at $900-950 and the ammo at $40, then the dollar value is close enough IMHO. It came with three mags originally...FN does that.

In Virginia you can do a private sale, or trade, with no other interference provided neither of you are excluded from owning a handgun. It would be wise to have a bill of sale and debt cancellation note signed between the two of you.

The 5-seven is a very fun gun to shoot, you'll enjoy it and come to appreciate it's soft recoil and fine accuracy.

If it were me I'd be inclined to take the trade...it doesn't sound as if he has any money and he's doing the right thing by offering what he has. Take it.
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My sentiments also.
 
the guy could just sell it on gunbroker and give you the $. After the fees and such he'd probably get 900+. Better him do it then giving you the gun and you selling it. let him do the leg work posting, shipping and dealing with FFL stuff.
 
I just had one BNIB in my hand at Gander Mt. They wanted $1,149. Best brick and mortar price I found was $979.

IMHO it's a novelty round for those who have several carry pieces in other calibers.

I couldn't justify the purchase but I'd take it in lieu of the $1k you are owed if I were in your shoes.
 
IMHO it's a novelty round for those who have several carry pieces in other calibers.
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Despite thinking that the 5.7 has more potential than most would think, I do have several carry weapons and the 5.7 would not be my first choice for a self defense carry gun. On the other hand, if it was all that I had I could do one heck of a lot of damage with 20 quick rounds from a gun that is very accurate allowing for very quick follow-up shots, and that's not even getting into some of the much more potent loads being developed.
 
FN is not the only source of ammo for this, nor is theirs the best for defensive purposes in my opinion.

http://www.eliteammunition.com/

These guys have spent a lot of time developing defensive loads for the x28. It's an entirely different thing from the standard FN rounds.

There is some marketing hype on the website but it's an example of what can be done besides the standard stuff.
 
Shoot, I'd carry it. The sucker is probably the lightest full size gun I've ever held. First time I picked one up I thought it was an airsoft.

You'll get $1000 in a resale, don't worry.

As for VA sale, provided you have REASONABLE knowledge he is legally allowed to own firearms and both of you are VA residents, you can buy it from him face to face. For now.

A case of 5.7x28 is running $600, so keep ammo costs in mind.
 
Years ago I lent a friend $500 dollars, He also was going thru bad times. A year later, he gave me his RUGER mark ll. He said that was all he had. I never looked back on on the offer. I didnt want the gun,or the money but felt obligated to let him feel better. He has since died and SAM is always on my mind as good friend,and I miss him.
 
As soon as the weapons ban is reinacted, that five-seven is going to skyrocket in value.

I would do it in a second. Not to mention... It sounds like that or nothing.
 
If you want to give your friend a merciful act of compassion, then YES, take the gun and ammo in trade.
Click to expand...

+1


I looked at one and was surprised at how much it felt like a toy.

That aside, the round is pretty interesting concerning the whole body armor piercing stuff.

It does seem like it would be a bit difficult to CC (though not much worse than a 1911) and the round as some have pointed out could be a potential legal problem, but the gun would also be pretty light weight.

As for selling it, Gun Broker, AuctionArms, GunsAmerica, all good places to look.

You could also take it to a gun show and walk around with a sign saying it is for sale*, OR trade it for something you do want. Dealers will often give you more in trade for a gun than they will straight cash. If you can get your hands on a Blue Book for guns, you'll have a better idea of what a dealer will likely sell it for and from my experience, you can figure on losing $50-200 of the value in trade.

*read up on what the BATF requires (which isn't much) and then make sure you read up on what other people suggest you do additionally when selling to someone (e.g. get their contact info, see their drivers license, have a dealer do a background check, etc.)
 
A new five seven can be had for less than $1k. I see them go for 850-1000.

If my sole concern was getting a completely fair trade for the money I would pass.

A lot will get written about the five seven it seems to bring out very strong feelings. I like it for what it is but I think it is a gun for people who already have their pistol bases covered and are looking for something fun. I also think it is very over priced for what it is. It is a fun gun but if money is a big concern one that should probably be passed on.

I am in the camp that would not advise using the five seven for defensive purposes. I have used it and the Ps90 for small game hunting and that is what I base my opinion on.
 
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