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Gun trade in value

Discussion in 'General Gun Discussions' started by avs11054, Jul 19, 2011.

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  1. avs11054

    avs11054 Member

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    If I am going to trade in some guns, what percentage of their used retail value should I expect to get? Will it differ for each gun? Are some places better than others to trade the guns in at?
     
  2. rellascout

    rellascout member

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    Its like my underware.....

    [​IMG]
     
  3. avs11054

    avs11054 Member

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    haha...i get it now...on what?
     
  4. rellascout

    rellascout member

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    The make and model of the gun, condition and then your local market.

    A good rule of thumb is that you can expect about 60% of the used retail value of the gun in trade.

    For example a Glock 19 is a $450 to $500 gun used. You can expect to get no more than $300 in trade.
     
  5. N003k

    N003k Member

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    Age, Condition, how common it is, what season it is, the finish, the barrel length, the stock color, the color shirt you're wearing, the temperature (both inside and outside the store...), really, any and everything. Fair market value is key, but also consider if it's a hunting gun and if the hunting season just ended. If that shop has a ton of shotguns in all configurations, both new and used...they wont give you much for yours unless it's quite unique.
     
  6. rellascout

    rellascout member

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    What if is it very unique.... :evil:
     
  7. mrslim

    mrslim Member

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    It probably all depends on the man behind the counter your dealing with. Im getting ready to trade in rifle of mine for a henry. My hope is that they will say "Sure that sounds like a good deal" :) But im prepared for the worst.
     
  8. Ohio Gun Guy

    Ohio Gun Guy Member

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    My guess, if the most value is what you are after then sell them dont trade them in.....however that can be a hassle. If top dollar is not critical and low or no hassle is preferred then trade them in.

    From what I've whitnessed at the gun counter, the shop buys for 50% or less. If you watch pawn stars, you'll get the idea.
     
  9. oneounceload

    oneounceload member

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    60% on a good day, 40% from a pawn shop - they have to be able to turn it over and move it out of their inventory quickly
     
  10. rule303

    rule303 Member

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    I generally offer 60% of blue book, sometimes more if I have a buyer in mind, or if it is a nice example of a hard to find item. If it is a hard to sell item it would be less, because I am going to price it to move so it is not taking up shelf space. If it is a run of the mill AR you paid $1200 for during the 08 panic, well... good luck.
     
  11. Shienhausser

    Shienhausser Member

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    This is good information as I was curious also.

    I would hate to get rid of a gun at all but I may in the future (I really want a 6" 586 to go with my 6" 686.)
     
  12. avs11054

    avs11054 Member

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    So in AZ if I choose to go to a gunshow and sell it, are there any specific rules I need to consider? What questions do I need to ask of a potential buyer? Do I need to see any type of ID? Do I need to use any forms like a bill of sale? Can I sell ammo with the guns? Sorry mods if I just morphed this into a legal thread.
     
  13. lono

    lono Member

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    www.budsbuysguns.com check out this sister site to budsgunshop.com. They give you a price on many popular models without you entering any info what so ever.
     
  14. Larry Ashcraft

    Larry Ashcraft Moderator Staff Member

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    :confused:
    Underwear, maybe? :confused:
     
  15. xdfan_nc

    xdfan_nc Member

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    The LGS I use give a fair value. Knowing that they tag 10% on what they pay for new, we usually dicker around so that they could sell what I am trading and make 20% as they are taking a gun that may not sell as quickly as new one. If I do not feel I am getting a fair price I can try one the those gun auction sites too.
     
  16. Sam1911

    Sam1911 Moderator

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    You NEED to have no knowledge or reason to know that the buyer is NOT a resident of your state and/or a minor and/or prohibited from owning firearms.

    If you want to be sure of the first one, you can check a driver's license or other photo-id.

    Some folks ask to see a CCW permit to try and establish a bit of "good guy" background, but that's obviously not required -- nor really any of your business whether he does or doesn't have a permit.

    You can write up a bill of sale if you want. Not required, though.
     
  17. Redlg155

    Redlg155 Member

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    A private seller is always your best bet. Dealers will most often offer you $100 dollars less than their price from the distributor. Depending on condition, it can go down from there. It doesn't matter that he can buy a Kahr PM40 for $550 NIB and sell it for $700 plus. You will be lucky to walk away with $450.00.

    As for AR15s, you will take a serious beating. Prices are down to $700 to $900 for brand name ARs for a NIB rifle. Value goes down even more if you have a kit built Frankenrifle.
     
  18. PapaG

    PapaG Member

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    We use the blue book, agree on the percentage condition, and then, if the gun is something we think we can sell, usually offer about 80% of the blue book agreed upon value. We don't trade for Hi Points, Davis, Lorcin, or any of the "watch list" guns, and if the gun is in horrible condition, we politely decline. Some just want rid of the things and make us ridiculously low offers which we sometimes take. Right now, things are slow so we often turn down some things that would be sellers at a better time.
    A used Gen 1 Glock will bring 350 in 95% condition, later gens a little higher. Examples in the past week: Remington550-1, 90% $100, sold for $150 later. Security Six 4", 98% with box and papers got the owner $300, sold for $379. We'll take a little less and go for return customers.
     
  19. sixgunner455

    sixgunner455 Member

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    Gunshow or consignment is your best bet, really. Consignment gets your gun in front of more people on a daily basis than most private sellers could contact, even if they were trying to sell the stupid gun all day long themselves. I sold one earlier this month that way, and got the exact minimum amount I was interested in selling it for.

    Pretty easy to make deals at gunshows, too. Again, that's getting your guns out in front of people. I was at a gunshow in Tucson Saturday. Several guys walking around with guns for sale, some with little signs describing what they had. Makes it easy to approach the guy if he has something you want. And guys with tables will buy them sometimes, too, if they are interested in what you have.
     
  20. Bubba613

    Bubba613 member

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    The more time and hassle you want to put into it, the more you'll get it. One of the things you pay the dealer for in taking a lower price is for him to hassle with selling it.
    In my shop I pay more for the things that I generally sell. If I dont have one in stock it is worth more to me. So if I don't have a Glock 19 in stock I would pay close to $400 for one in the box.
    A 6" Ruger GP100 wouldn't get nearly the same attention from me because I have trouble sellign a gun like that. A hunting rifle or shotgun out of season I will need to just about steal to make any money on it.
     
  21. Hunterdad

    Hunterdad Member

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    Honestly, be prepared to be disappointed.
     
  22. Ignition Override

    Ignition Override Member

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    Yes, without a doubt.

    Having carried my stainless/wood Mini 30 (very good condition) around three gun shows, where people want you to discount another $100 for Their benefit, I finally had luck on a local sale in a Sam's parking lot.
    He already accepted the $550 firm price before he arrived.

    The buyer saw it on "Thefiringline", "WTS" months ago. One problem is that a "FTF only" sale severely limits your market.
     
  23. Fanky

    Fanky Member

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    If I ever have to sell a firearm, I only go to my LGS. He is usually pretty set on 70-80% of Bluebook value. I do a lot of business with him though, so I might do a little better than your average joe passing through.
     
  24. nwilliams

    nwilliams Member

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    Don't trade-in your guns! I can't stress this enough, it's worth taking a little extra time to sell your guns privately.

    In my early days of gun collecting I bought a lot of guns and then traded them for other guns when I wanted something new. I lost a ton of money doing this and it took me a couple years before it finally dawned on me just how much money I was loosing by trading-in my unwanted guns and now I get sick to my stomach when I think of all the money I lost.

    Gun shops will offer you perhaps 30-40% of the value of your gun depending on how quickly they think they can sell it and what kind of profit they can make. If a gun shop sells a brand new Glock 22 for $550 then they will probably offer you $300-$350 for your used Glock 22 because they know that they most they can probably sell your used Glock 22 for is $400-$475 and they want to make a profit.

    When I want to get rid of unwanted guns I sell them privately or on Gunbroker. I still often loose money but there is a big difference between loosing 15-20% by selling than loosing 30-40% by doing a trade-in. There have also been times when I've come close to breaking even or gotten more than I paid by simply selling my unwanted guns.
     
  25. avs11054

    avs11054 Member

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    So I was looking at the sales prices of certain guns on gunbroker. If I go to a gun show, how closely should I expect to get to those prices?
     
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