LGS is trying to make a low ball offer on my Sig

[Welding Rod]

To a dealer the extra mag and holster add very little resale value.

I am not familiar with that model, but my dealer sells the standard P220R for about 750 - 770.

If that was a $1,000 MSRP gun, my dealer would probably sell it for about 900 new. If the gun looked virtually new, on trade he would probably give about 700 in trade credit and resell it for about 800.

Dealers are very different. Some work on the theory of high volume, some work on the theory of making a big profit on the few sales they make.

Regional demand and the shop owners own preferences will also play a big role. My dealer carries a P220 himself and sells many based on his own recommendation. According to him, quit a few customers want to know what he carries, then that is what they buy. So he sells a lot of Sigs and a lot of 220s. Some shops are biased towards other manufacturers.

Some shops also have a base of customers / collectors who drop in regularly to picked up nice used guns. Some deal mostly in new firearms with little business in used iron.

 

[dairycreek]

My local gun shop dealer is a good friend. He maintains that, for his store, there is very little profit in new guns. He makes money on used guns because he can buy low and sell high - whatever the local market will support. So, he is a fierce trader and will always buy for as low as he can - just business, that's all. If you don't like his offer then make a counter. If you can't get a deal you like - then walk away - that's business too!

 

[Guns and more]

The gun store wants a profit on selling your gun and a profit on the one he will sell you.
I'd join the Sig forum and try to sell it there or Gunbroker.com.
Look at gunbroker to determine what the market will bear. I see a new in the box XYZ selling for $500, and next to it some guy selling his almost new XYZ and he wants $700. Well that's not realistic.
I'd move on to another gunstore and shop for the rifle elsewhere. You'd feel better than trading, then returning to find your Sig in the case with a $799 price tag on it.

 

[The Lone Haranguer]

This is typical. You will never get in a trade-in what you can sell it for yourself. He will probably turn around and price the gun he gave you $400 on for $6-700. It's just business.

 

[litman252]

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=187874748

220 for under $800. If that was yours sitting in his safe how much does he have to gain by doing the trade?

It's a business, not all of them can make it doing GB transfers for $15, have to have profit some time to keep the lights on!

Tony

 

[CajunBass]

Well, yea. That happens.

 

[Thatguy686]

Not buying this for a second. They make MORE money if you trade in a gun like the OP's wanting to trade in. So they give you $400 for the Sig and you add another $400 on top of that for a Savage? Really.....come on. Essentially they're getting around $1000 for a Savage that probably cost them $625+/-. He will resale the Sig for $600 + the $400 you throw on top to make the deal.

Some shops are worse than used car lots.


responding to this wow6599 u realize what u just said made u sound dumb? u said he would give 400 for the sig and sell it for 600 which is 200 profit then u said he would make u pay 799 for a savage he payed 625 for and it would be 1000 dollars he made that would be like 600 which isnt alot considering ur selling a new gun for what u say 175 over cost which is cheap and buying a used gun to sit on for 2-4 months before it sells and it could end up being a money pit

 

[postalnut25]

^^^^^^^^^

You do realize that calling somebody dumb, but saying it using text-speak, does not make you sound very smart either.

Keep it clean, Attack the idea. Do not attack the other members personally.

 

[Guns and more]

It's a business, not all of them can make it doing GB transfers for $15, have to have profit some time to keep the lights on!

Tony

Seems to me the LGS was making a profit on the rifle the OP wanted to buy. He could have cut the buyer some slack on the trade.
If the OP just walked in the door to sell his Sig, that would be a different case.
The LGS was greedy. Now he risks both deals, that's why LGS's don't last.

 

[ET]

Seems to me the LGS was making a profit on the rifle the OP wanted to buy. He could have cut the buyer some slack on the trade.
If the OP just walked in the door to sell his Sig, that would be a different case.
The LGS was greedy. Now he risks both deals, that's why LGS's don't last.

When did making a profit become a bad thing? Oh, yeah that's right... big bad wall street is whats wrong with America. Gun stores have to make a profit on what they sell. If the OP didn't like the deal then WALK. Or as other posters have said negotiate. Ya'll don't get out to the flea markets (swap meets) much do ya? Profit is only made when two sides agree on a buying & selling price. If some one gets taken advantage of whose fault is that...the foe? No it's the side that let themselves get taken. Come on people buy a vowel. (get a clue)

 

[minutemen1776]

The LGS was greedy. Now he risks both deals, that's why LGS's don't last.

Very good point. Not all LGS dealers are the same. I go to one shop where the owner always offers what I consider to be fair trade-in values. With him, I know I'm not getting absolute top dollar for my trade, because I know he needs to turn a profit to operate. Yet, he also doesn't gouge me and treat me like a fool. When we deal, I feel like we both give and take a little and it's a mutually beneficial transaction.

Meanwhile, other local shops have a practice of making extreme lowball offers and are not willing to negotiate from that point at all. So, guess where I take my business? I certainly understand that a shop needs to turn a profit to stay open, but there are consequences to being heavy-handed. If I don't like the way I'm being treated, I don't just walk away from the deal--I also walk away from the shop entirely.

 

[bartman06]

I had the same problem a month ago. The first gun store i want to told me 250 each. I went to another store known for more honest pricing and got 100 and 150 more for each gun. Lesson learned. I went in with a really honest bid and was treated well by people know for their service. So next time I need to "Get some" guns or ammo I'm going to the place with a good reputation.

Maybe you can try to shop around a couple of stores and get better bids to help you get an idea on a price that will help you unload your sig.

Good Luck

 

[IMTHDUKE]

Easy way to avoid this. Never sell a gun that shoots straight. If you want another gun...find the best price and buy it.

 

[PRM]

Exactly why most of my guns are bought off of Gun Broker.

I know its business ~ but I kind of equate it to trading cars. We got a local car lot that always inflates their price and low balls the customer really bad. I don't mind someone making a few dollars, but no need to try and get their entire month's mortgage off of one sale. A few years ago a salesman asked me what I wanted for mine; I told him. He stated my car was not worth what I was asking, I told him his wasn't either.

Better off to sell what you got and then buy cash or go to an auction site. The feedback will usually give a pretty good indicator with whom you are dealing with, and there are no shortages of FFLs to do the transfer.

It also pays to not impulse buy and know your prices.

 

[Oceans]

Tell him you will buy every one he has got for $400.00 each. The '68 gun control act was the best thing that ever happened to gun dealers, a license to steal, just like the assault rifle ban was a boom to domestic manufacturers. The consumer is the one who gets screwed all the time. I can't stand most gun shops, I really can't, from the idiotic comments that the proprietors make to the chump change offers they give to people who come in. Not to mention the gun shop commandos who frequent the joints.

 

[mgkdrgn]

He screwed up...couldn't find the price in the blue book so I helped him. Saw the As new used Retail price $1k.

Well, it isn't new (now), and the gunshop can't put food on the table by buying "retail".