Gun shop haggling
- Thread starter jeff-10
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Redlg155
Member
You won't find a Glock under $500 in my neck of the woods. (Panama City,FL)
I've had dealers treat me fairly and have had some try to make an extra buck after a trade offer is made. Example.- The dealer charges 500 for a handgun and accept a $400 trade on your weapon. You should only pay tax on the $100 balance, yet some dealers want the full tax on the $500. No doubt some are pocketing the extra.
I've had dealers treat me fairly and have had some try to make an extra buck after a trade offer is made. Example.- The dealer charges 500 for a handgun and accept a $400 trade on your weapon. You should only pay tax on the $100 balance, yet some dealers want the full tax on the $500. No doubt some are pocketing the extra.
ljnowell
Member
Im not sure on that. If its written as though you bought a gun for 500 and received a credit of 400 for your trade-in you would still be paying taxes on all of it. That was the price you just paid partially in cash and partially in trade.
fatcat4620
Member
Go to arms list and sell your gun fir what the gun shop will sell it for and buy what you want.
In business, it's wise to avoid confrontations with individuals with whom you want to build a positive long-term relationship. Such is the case with a chosen gun dealer who might be able to find an obscure gun for you, find a good price or a new product that others can't seem to locate.
So I wouldn't want to get in to a lose-lose situation in which the dealer can never satisfy you with the price he/she will offer you for your trade-in. Moreover, if you sell it privately, you'll have more to spend with them since you will realize a better price.
I hate the thought of trading my car in to a dealer for a new one, or a gun in on same. You'll lose every time and rarely have a positive transaction.
B
So I wouldn't want to get in to a lose-lose situation in which the dealer can never satisfy you with the price he/she will offer you for your trade-in. Moreover, if you sell it privately, you'll have more to spend with them since you will realize a better price.
I hate the thought of trading my car in to a dealer for a new one, or a gun in on same. You'll lose every time and rarely have a positive transaction.
B
Dreamliner787
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Always better to establish and build relationship with one or two LGS. It's give and take but at least with one that you have a relationship with it's better for both sides in the long term.
Sheepdog1968
Member
Mirrors what local shops do here as well.
mickeyblueyes
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- Nov 27, 2010
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- 38
Around here,gunshops will offer you 25-50% of the retail value. Glocks generally are offered
$150-175 and that is just sad, because they will not budge from their selling price of $599 for a Gen 4 or $549 for a Gen 3. Used ones at LGS sell as high as new ones in lot of instances.
$150-175 and that is just sad, because they will not budge from their selling price of $599 for a Gen 4 or $549 for a Gen 3. Used ones at LGS sell as high as new ones in lot of instances.
sansone
Member
very true..
sell that thing yourself, like people who trade-in their cars when buying new, you're only shooting yourself in the foot
xerxesthecat
member
when you sell a gun to a dealer, your expectation should not begin with 'what I paid for it'. the realistic idea is to see what a used gun in SIMILAR CONDITION (not perfect condition, if it is not perfect) is SELLING FOR now. The gunstore does not want an item sitting on the shelf forever, it wants to turn out volume by pricing to sell. Then, you must figure in the price they must buy at to make a profit. If your used gun is worth 400, they wont give you 400, or 395 (as many people expect). they will give you 280. why? multiply the used selling price x .7 . this is a pretty universal formula.
So, you bought a PTR 91 new for 1000, but used they sell for 675. You will be offered $473 for it.
on the surface it seems like you are being cheated, but really you are not. Also, that full trade amount should be tax exempt, which is a small consolation. This is why gunbroker is such a great thing, as you can sell for the going price direct to a buyer and eliminate the gunstore middleman....except for any transfer fees.
Like anything else, look for a deal and buy low, sell high when you can. But if you want a great deal on used guns, become a manager at a big chain store. I used to buy anything I wanted at our buying price plus a flat $50.
PS-sorry Ron, I just noticed that you posted a similar explanation
So, you bought a PTR 91 new for 1000, but used they sell for 675. You will be offered $473 for it.
on the surface it seems like you are being cheated, but really you are not. Also, that full trade amount should be tax exempt, which is a small consolation. This is why gunbroker is such a great thing, as you can sell for the going price direct to a buyer and eliminate the gunstore middleman....except for any transfer fees.
Like anything else, look for a deal and buy low, sell high when you can. But if you want a great deal on used guns, become a manager at a big chain store. I used to buy anything I wanted at our buying price plus a flat $50.
PS-sorry Ron, I just noticed that you posted a similar explanation
Baba Louie said it here... But have you thought about consignment?
My LGS does that, though I don't know what the margin is like. Essentially, it takes the burden of selling off your hands but keeps the inventory risk down for the LGS. Your LGS ends up earning the equivalent of a sales commission. I pretty sure the owner gets to set a low bid options of some sort... Just a thought.
My LGS does that, though I don't know what the margin is like. Essentially, it takes the burden of selling off your hands but keeps the inventory risk down for the LGS. Your LGS ends up earning the equivalent of a sales commission. I pretty sure the owner gets to set a low bid options of some sort... Just a thought.
MachIVshooter
Member
That's not such a great deal until you start getting North of $500. I'd sure hate to pay a $50 mark-up on a Mosin or HP-22!
TimeRegained
Member
- Joined
- Jun 7, 2012
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- 55
No different than trading your car in at the dealership than selling it to a private party.
You'll get the most money if you sell it yourself.
You'll get the most money if you sell it yourself.
Obviously, most folks here have never been in the business.
The CZ has a limited market, as good as it is.
They typically languish in a display case until they are sold on a blowout price.
I do not stock them for that reason. They may be very well made, but they are an outdated design.
The 1911 is also an outdated design, but the CZ is NOT a 1911.
I would be hard pressed to put $300 in this one on a straight buyout.
I would feel lucky to get $375 for it, after it visited in my case for all too long. The extra mag would be offered for $20 extra with the gun, and the grips? I would put them online and hope to get $25 shipped.
Best advice is, sell it online to someone wanting the features and quality of your CZ.
The CZ has a limited market, as good as it is.
They typically languish in a display case until they are sold on a blowout price.
I do not stock them for that reason. They may be very well made, but they are an outdated design.
The 1911 is also an outdated design, but the CZ is NOT a 1911.
I would be hard pressed to put $300 in this one on a straight buyout.
I would feel lucky to get $375 for it, after it visited in my case for all too long. The extra mag would be offered for $20 extra with the gun, and the grips? I would put them online and hope to get $25 shipped.
Best advice is, sell it online to someone wanting the features and quality of your CZ.
checkmyswag
Member
I used to sell to/trade in to a shop that I felt gave fair prices. They even told me I should sell on gunbroker for more money.
Well, I finally went the gunbroker.com route and was very impressed with the prices I got.
Well, I finally went the gunbroker.com route and was very impressed with the prices I got.
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