I took a rifle into a shop yesterday and was offered 400.00 cash or up to 450 on a trade in. Its a Winchester that shoots fine but its been reblued and the stock isnt original and a crappy bedding job was attempted. Anyone have an idea what a markup a shop averages on a used gun? Trying to get an idea if i try to sell it outright. This is a fairly big gunshop that sells a lot of firearms.
If a gun shop offered you 400-450..whats the markup?
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George Hill
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Well, for one, it sounds like the shop was rather generous to if they offered you that much for what sounds like a POS.
20% is usual here.
20% is usual here.
George Hill
Member
"its been reblued and the stock isnt original and a crappy bedding job was attempted."
Generous... If it was in original condition without the attempted bedding, it would be worth more.
A lot of the markup depends on the opinion of the guy that took in the trade. Over here we don't mark up much because we don't like dealing the used stuff so much, so we try to move them out quick to get them out of our hair.
Generous... If it was in original condition without the attempted bedding, it would be worth more.
A lot of the markup depends on the opinion of the guy that took in the trade. Over here we don't mark up much because we don't like dealing the used stuff so much, so we try to move them out quick to get them out of our hair.
MachIVshooter
Member
depends on the dealer, the peice you are trading off and what you're trading into. A firearm that is popular but hard to come by will bring a whole lot more than something readily available, or one that will net move quickly. Also, if you trade a $400 gun for a $4,000 gun, the dealer has a much higher profit margin and is more likely to offer you fair market value.
A common practice with most dealers I know when they buy a gun outright from a private individual is to offer ~50% of their cost for a new unit.
If you paid $400 for a gun, dealer cost was probably ~$330. They'll offer you ~$160-$180 to buy it outright.
A common practice with most dealers I know when they buy a gun outright from a private individual is to offer ~50% of their cost for a new unit.
If you paid $400 for a gun, dealer cost was probably ~$330. They'll offer you ~$160-$180 to buy it outright.
RevolvingCylinder
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That's how they operate around here.
kaferhaus
Member
The dealer was being generous.
Your rifle has no collector value whatever as it's been re-blued..... can't even sell the stock on ebay as it's been butchered...
A re-blued pre 64 action is worth around $450 retail if it's otherwise "minty".
You'll see outrageous asking prices for most Pre 64s and some fools pay it.... dealers around here sell them in good original shape for 6-$800 unless it's truly a "rare" one. Obviously they didn't pay that for them either..
Your average 30-06, 270 etc. are just nice old pieces of machine work.
Your rifle has no collector value whatever as it's been re-blued..... can't even sell the stock on ebay as it's been butchered...
A re-blued pre 64 action is worth around $450 retail if it's otherwise "minty".
You'll see outrageous asking prices for most Pre 64s and some fools pay it.... dealers around here sell them in good original shape for 6-$800 unless it's truly a "rare" one. Obviously they didn't pay that for them either..
Your average 30-06, 270 etc. are just nice old pieces of machine work.
kaferhaus
Member
Glad I don't deal where you do.... most reputable dealers are lucky if they make $50-$75 off of a used gun.... now if you're selling a notorious slow mover then you'll get less as they'll have to wait longer to sell it.
Omaha-BeenGlockin
Member
Dealer here gives you 75% of what they think they can sell it for----60% for handguns.
Bottom Gun
Member
30% markup is the norm here.
My guess is the dealer wouldn't sell it as is, he wants the action for a custom.
That sounds like a good price if it's not a magnum action.
That sounds like a good price if it's not a magnum action.
Yeah, like a few other posters, around here they also offer you about half of what they'd sell it for. 90-115% markup on used guns. I'm rather jealous of the people who have shops that offer such small markups. It's only 15-25% markup for new guns though.
Here its varies alot by how much work they might have to put into it. In this case, they may be able to seriously improve the condition (fix the bedding, clean up the stock, maybe touch up the bluing. They really want guns that they don"t have to do much of anything to, and will pay accordingly. Usually only give you 50% on an outright sale and maybe 75-80% on a trade-in. If it's a rare, primo gun in good condition, and worth over 4 figures, they may give a pretty good deal (as they still can make a few hundred dollars on it.
Most would prefer a "consignment" sale, so they don't tie up money in it (good business practice), and will give higher percentage of sale price than they would if they buy it outright.
Most would prefer a "consignment" sale, so they don't tie up money in it (good business practice), and will give higher percentage of sale price than they would if they buy it outright.
Cosmoline
Member
I disagree strongly. Go take a cruise around Gunbroker and the other auction sites. Pre-64 70's are going for a mint, esp. pre-war models. Sell it yourself and you'll make more. NEVER TRUST A DEALER, esp one claiming to be generous or "doing you a favor."
It's true that hardcore collectors of Winchesters are sticklers for original condition. But when you're talking about pre-64's, the hardcore collectors do not make up your market. Everybody knows about these rifles, and you don't have to restrict yourself to selling to the picky fellows.
Blackfork
Member
Pricing used guns.
A local dealer with a shop who teaches CCL and is a long time County Deputy and now reserve deputy makes folks name their price.....then offers half.
I've seen him buy some pretty incredible firearms for next to nothing. 100.00 WWII M1 Carbines, 150.00 Colt 1911s with boxes of ammo and leather, et, et. If I'm in the store I just have to leave....and the people come out stripped buck naked but holding 100 bucks.
A local dealer with a shop who teaches CCL and is a long time County Deputy and now reserve deputy makes folks name their price.....then offers half.
I've seen him buy some pretty incredible firearms for next to nothing. 100.00 WWII M1 Carbines, 150.00 Colt 1911s with boxes of ammo and leather, et, et. If I'm in the store I just have to leave....and the people come out stripped buck naked but holding 100 bucks.
Heavy Barrel
Member
You neglected to state caliber.Makes a difference.
Get real it's so messed up, re-blued bubbaized bedding etc. I would not give over 300 all that it's worth is in parts or as a hunter. . Originality is where any collector value is. Used guns? No way does a dealer pay more than 50% retail. The price discount some of you guys think is ok is above what a dealer pays NIB.
A non-dealer the best price is a private sale without paperwork.
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