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What would it take for you to sell some of your guns?

Discussion in 'General Gun Discussions' started by chaim, Aug 23, 2004.

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  1. chaim

    chaim Member

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    I am curious about when some of us would consider selling guns.

    I know many here say never sell, you'll regret it, and I'm not talking about selling to buy something else here. I'll actually be laying out some specific situations and I want to know what you think about those. Please try to answer for each one.

    Would you sell a gun (or guns) in any of the following scenarios:

    -To help finance a downpayment on a house? You've found the house of your dreams, you are short on your downpayment. Selling your (fill in the blank) will get you to where you need to be, and you can always buy another later, but your dreamhouse will be sold later. Do you sell a gun or guns?

    -A lesser, but related situation to above. You are starting to think about house shopping but haven't yet found a house (you've just starting thinking about it so you haven't started seriously looking yet). With everything else going on right now you can't quite do a downpayment. If you sell some guns you may be able to. Would you sell?

    -To help finance an engagement ring? Lets assume you belong to a rather traditional culture or religion so getting engaged now and buying the ring later isn't an option. You've met the girl of your dreams. Would you sell a gun or guns to let you propose months earlier? This lets you marry earlier and the guns can always be replaced. I guess so women can answer this too, you've met the guy of your dreams, do you sell guns to help finance the wedding?

    -To help finance a car? Your car just died, or your financee (or hopefully soon-to-be financee) is driving a death-trap and you want him/her out of it ASAP. Assume you are extended on credit and you are unwilling to take on more debt (such as in a case where you have a lot of student loans and/or you just bought yourself a new car, and lets say you are considering shopping for a mortgage and taking on new credit is a bad idea) so a car loan is out of the question. Do you sell guns to finance/help finance the car, or do you let the girl/guy of your dreams continue to drive a death-trap and risk everything (say you just witnessed a terrible accident where if the driver survives she will probably never walk again so this is a concern in your mind)?

    -For those where none of these alone is enough, what if all happen all at once?
     
  2. chaim

    chaim Member

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    Oh, to come clean-

    -I am considering saving for a house. In my current financial situation I should be able to save enough for a downpayment within about a year (assuming I can stand staying with my parents for another year even though I don't necessarily need to anymore). The house question is just curiousity.

    -I am not engaged, or almost so, but I have been dating a nice young woman for a little while and she may just be the girl of my dreams. I am actually thinking about selling about half my guns so I can buy her a proper ring within a couple months and still save for the house downpayment.

    -I recently bought a brand new car (when mine was about to die- it died a month later) and so I have a new car loan. I have a lot of student loans. I want to buy a house within a year or so. Thus I can't take a car loan. The above mentioned girl of my dreams drives a death-trap and I did just witness a major accident where if the one driver lives she may never walk again so this is on my mind (an accident of this type in the car my girlfriend drives would almost definately kill her). I may sell some guns to help finance a car when/if we get engaged, especially since I'm already saving for the two situations mentioned above. Of course, an other option for this one is to give her my midsized car after the engagement and to drive the death-trap myself (though that still leaves selling guns for the ring, and I'm not sure I want to be driving a Chevy/Geo Metro sized car either).
     
  3. 444

    444 Member

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    Everyone's situation is different. Everyone has different priorities.But, you asked for opinions. None are right or wrong since we are all different.

    #1) Downpayment on a house.
    No, I wouldn't sell any guns. I would work more hours. If I was in this situation, I would probably BUY guns because I know I would have less discretionary income after buying a new house.
    #2) Engagement Ring.
    No, I would wait until I could afford it without. If I met a woman I wanted to marry today and couldn't afford a ring today, I would realize that I have gotten along fine for many years without her and a little more time isn't going to matter. If she isn't willing to wait for that to happen, I am better off without her. I also don't want to EVER establish a precident with a woman that we can generate cash by liquidating my assets.
    #3) Car.
    No. I can buy a new car with no money down. When I lived in the city, I went for YEARS after my divorce without a car. I rode the bus, I walked to work, I dated women that had a car, I got rides from friends if I had to, I had stuff delivered, I rode my bicycle.
    I don't buy other people cars. I have done it in the past and it just made me bitter. If someone NEEDS a car, and someone WANTS a car then they NEED to get a job and buy their own.

    I know I am getting old. My ideas about things are far different than they were even 10 years ago. I have become much more patient than I was in my younger days. I look at everything you mention and realize that I can do without them. If they all happened at once, I would tell myself that my plans have changed. I can't have everything I want right now, I have to make a list of priorities and work my way through the list. I have to work to make the money and that takes time and effort: but with time and effort it will come. There is nothing I see on your list that I would consider an absolute nessessity that I can't go on living without. They are things that are best earned through time and hard work. I am no longer an impulse buyer.
     
  4. chaim

    chaim Member

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    444, valid/good answer, especially since you have your own experiences and your own situation.

    As for me, and how mine fits yours:

    Very valid. I do realize that once I buy a house I probably won't be buying guns until my next raise (whenever that is) and maybe if I get an end of year bonus (assuming I won't need that money for something with the house). I do figure that if I can stand staying with my parents another year (assuming I'm not married before then) I can save a downpayment without selling anything (that is, without the next two situations). As for working more hours, I work for the state so I don't get paid overtime (though it isn't too bad, I get compensory time off so I essentially get more vacation time later for my extra work hours now).




    You have more patience than I (not that this is difficult to achieve :D ). Once I'm sure I want to marry her (or more accurately, once she's sure about me), I think I won't want to wait more than I must. I already don't want to wait more than I have to...Then again, one difference is that I'm an Orthodox Jew and in our religion we can't so much as hold hands until we are married, thus marriage is far more urgent once you know who you want to marry than it is for most people.
    That is a good point I never thought about. If I do sell guns to buy the ring I probably should never tell her (or else later it may be expected to sell them for other things that come up).

    So can I, but that means a car loan, and I can't really do another right now (I would like to qualify for a mortgage before too long and I only recently started my job so I am comfortable but don't make that much).
    In my case specifically, I can't go without because it is a 60 mile round trip to and from work every day. The one thing that makes my girlfriend's car bareable to me is that she doesn't put nearly so many miles on it (she lives about 1 mile from work and can take alternative means to get there).
    Ahh, but she isn't the one that wants a new car, and she doesn't necessarily need one (her's works). It is me that wants her to get the new car (her's is a death-trap and I don't want her in that death-trap, and the accident I witnessed last week made these feelings even stronger), thus if she gets a new car I probably should be buying it (I don't know how me demanding her to buy one without giving the money would go, but I imagine it wouldn't be pretty:uhoh: ). Of course, that is a big purchase so it would have to wait until we are officially engaged (hmm, I wonder if she'd take a car in lieu of a ring, a carfully selected used car is just a little more money than a nice ring:scrutiny: - on second thought, that is probably a bad idea).
     
  5. cracked butt

    cracked butt Member

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    No, No, No, and No.

    Dream house? Bah! there are plenty of houses out there, and if I were looking for a house, I would have my down payment and financing lined up ahead of time.

    Engagement ring? Get engaged and married so that a woman can put the kabosh on your buying guns/shooting habits? bad trade. Maybe if the religeon required the woman to buy the man an engagement gun of equal value to her ring, I'd certainly consider it.


    Car? Take a hit on the lost value of my guns by selling them in a fire sale to buy an 'investment' that constantly loses value? If a car breaks to the point where I cannot fix it myself, its seriously fubar, and I would know enough about the car's condition long before its demise to save for a new one.


    I can think of a very short list of reasons to sell my guns-

    -divorce
    -a family member has cancer/or serious disease and money is needed for treatment
     
  6. chaim

    chaim Member

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    Who said anything about not being allowed to buy more guns or go shooting? I'm talking about having few savings (say, having only a few months in a job after a long unemployment period), meeting the woman of your dreams, and needing to sell a few guns (and due to a traditional religion/culture/whatever you can't get engaged now and buy the ring later). Heck, the only reason I'm thinking about selling guns is because they are easily replaced later. The woman I've met is ok with guns (she isn't crazy about shooting them herself, as in she went shooting once and didn't like it much, but she is fine with me owning them and buying more in the future). You guys know me by now, do you really think I'd consider marrying a woman who was anti-gun :eek:
     
  7. cracked butt

    cracked butt Member

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    :uhoh:

    Big red flag. May not be an anti at all, but might be tolerating your habits just to suck you in. You get married and she doesn't want you wasting 'our' money on stuff you don't 'need'. Don't want to say this, as I'm sure you met a wonderful woman, but make sure that the two of you have shared activities that you really like to do together.


    Many jewelry shops will help you finance your purchases if you are light on cash;)
     
  8. chaim

    chaim Member

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    OK, I did want to make this more about my scenarios and get multiple opinions, but I'll answer these. I don't see this as that much of a "red flag". Many women aren't big fans of shooting for themselves but see no problem with it, and I don't know that many antis who decided to try shooting for themselves (it happens, but not much). As for wasting "our" money, we've had the money talk and she likes my philosophy. I don't believe getting married should make you a kid again where you need each other's permission to buy something. Of course, you also need stability and safety where you don't end up both trying the spend the same money in the bank. I (and she now too) see most money going into the "our" pot for bills and shared activities, with each getting $20-40/wk (depending upon income) for anything that is just for the individual. If I want to go out for a beer, she wants to go to a movie with the girls, she wants a particular luxury, or (we specifically discussed this as one of the catagories this money is for) I want a gun, it comes out of the individual's spending money. As for shared activities, I agree you have to have things in common, but that doesn't mean you need completely identical interests (though other than my guns and pipes, and her disliking red meat, we are nearly identical in wants, likes, goals, and leisure activities).

    See my discussion about the car, and wanting to buy a house, to see why I don't want to use credit for anything right now. Anyway, I especially don't want to pay credit for a gift that if I still owe for it she will essentially be helping to pay for her ring (if debt is still there after you marry, she is helping to pay for her ring if she works too).



    For all
    BTW- I won't take anymore detours talking about the woman, I probably shouldn't have even included the "disclaimer" and "come clean". I haven't even asked her yet (probably as much as 2-3 months off still). I do want to see what people have to say about selling guns for these situations though.
     
  9. chaim

    chaim Member

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    OK, so far out of the two who have responded, we have none who would sell guns in my scenarios. Maybe for divorce or medical expenses (and I assume unemployment once it got to a certain level) but not for any "elective" reasons.

    Anyone else?
     
  10. chaim

    chaim Member

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    Oops, accidental post.:eek:
     
  11. Muzzleflash

    Muzzleflash member

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    When you really need money and have to get some- selling a gun sometimes is the only way to do it.
     
  12. Norton

    Norton Member

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    I'll take a different tack and say yes and no to all scenarios.

    We've essentially been through all of the above in the last two years (well, except for the getting married thing) with buying a house, putting $20,000 into it in rehab, rebuilding the going-to-work beater car and my truck. Plus paying a payment on the "nice" car.

    I've had to consider selling musical instruments to cover big ticket/life change type expenses like the house but fortunately we've been able to come with the cash to avoid a sell off.

    It would be my humble opinion that you should evaluate the cash value and affective value of each of your firearms and decide which ones are an absolute no-go as far as selling. Then decide which ones are possibilities, and then which ones you know that you could bear to part with.

    For instance, I have a .22pistol that FIL gave us last year....it's fun and reliable, but not accurate enough to justify keeping it in lieu of the Ruger MkII if a financial crisis came up. OTOH hand, my Garand is my baby......spent 15 hours in the car on a road trip with Spot77, hand picked it, lovingly cleaned it. I won't ever sell it.

    OTOH (OK work with me here ;) ), my Taurus revolver was my first gun, but I could sell it. It's my bump in the night gun, but I have other things that I could use for that purpose.

    On the car thing....there are decent used cars out there, especially for those who only drive 1 mile to work....don't be afraid to look (carefully) at used cars.

    Our situation is somewhat different in that we have 2 incomes already and were married before I got into guns.

    Maybe I'm an ol' softy, but if you are ready to take the marriage step and want to pop the question.....that's the most important thing in your life right now. Inanimate objects can be replaced....people can't.

    On the car thing....there are decent used cars out there, especially for those who only drive 1 mile to work.

    Real estate....tough call, especially in this area. The home prices are increasing at a greater rate than you are able to save for down payments. 2% a month is not uncommon in most communities here, Annapolis in particular. So, a $200k house this month is $204k next month. The big boom in prices is levelling off, but the projections are that the Baltimore region as whole will see minimum of 6% increase. IOW, the longer you wait the further you could find yourself behind the downpayment curve.

    Hopefully it won't come down to a sell off, but it doesn't have to be an all or nothing proposition.
     
  13. Okiecruffler

    Okiecruffler Member

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    I say yes to all the above

    I know I'm in a rather small quiet minority here, but I sell them all the time. I just sold off a batch because they were more or less in the way and just duplicates of what I already had. Sure I've sold some I regret, but I'll just have to replace them some day. Now if you question had been "When would you sell ALL of your guns?". Well that's another thing entirely.
     
  14. cpileri

    cpileri Member

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    real life decisions

    Chaim-
    Here's my take, and with 10 cents it will buy a gumball.

    1. House: considering the area you live in, you have to consider if you are planning to ever sell the home for a place with better whatever: climate, gun laws, etc. If you ARE then know that at least right now while the housing bubble expands, your home will be the best investment you ever made!
    Example: we owned that pretty-darn-average townhouse we lived in in SS for just over 18 months, and sold it in a week for 1.5x what we paid for it!
    Then by luck we moved to an area with lower housing costs, and after the down payment cleared much more than the average guy would spend on a decent car and respectable engagement ring.
    Its a longer-term investment in that you'll have to wait to get the equity up or mortgage paid (ideal), but so is a marriage. Do that and you'll keep all your guns and give them all dancing partners as well.
    Do you know a financial planner you can curbside consult (i.e. for free)?

    2. Ring: Hey, this is not a pure money decision and everyone knows it. So many stories about bad marriages and split ups- and YES it is a gift she can keep if the engagement doesnt work out so consider it money GONE- but I can tell you this: if you really did find the right girl, you'll never regret a single thing you buy her.
    I've been with my wife 10 years, married for 8 of them; my dad adn mom have been married (once each, BTW. same for me and mine) for 35 years, my grandparents for 50 (and even still unless yo consider a spouses death the end of the marriage); so from a long line of happily married men i can only say just buy the ring you want to give her. If you have to have to have to sell a gun THAT IS REPLACEABLE (and not your current favorite) then do so.

    3. Car. Well, a good safe car should frankly be HER concern until you are married. Not that you want her to get hurt. Get a 'kid mobile' (Ddge Grand Caravan, etc) when you two decide to have kids but before they are born. And maybe I am wierd in that my Y-chromosome does not contain the cool-car-gene, although i do want a big truck for hauling stuff, so i don't give a flyin' about my car. So I drive a safe car but i wouldn't sell something PRECIOUS to finance something with simple VALUE. But keep in mind I place far less worth on a vehicle than most. They are a necesity and nothing more.
    BTW: the key to keeping out of accidents, besides some luck, is good driving. If she scares you on the road, dont forget she MIGHT be driving that way with your kids in the car someday!

    Hope this helped. Sorry I didnt see you before we left!
    C-
     
  15. JohnBT

    JohnBT Member

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    I can't help you out on your questions. Sorry.

    I was thinking of selling my house and car to buy guns. I could move into a little 2-room apartment and buy an old Cavalier and clear, oh, $200k on the deal.

    Now if I could find a range that would let me park a little trailer and a moped... :)

    John
     
  16. WalkerTexasRanger

    WalkerTexasRanger Member

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    Yes, I would. I buy and sell occasionally, actually sold a 700VS yesterday.

    Now, would I ever be without guns entirely, no way.

    Taste change, shooting preferences change. etc. I would never hesitate to sell to finance something else important, at least certain guns. Some will never be sold, just depends.

    Many people buy guns as investments as well. Investments are just that, they are traded, bought, and/or sold. I dont purchase with the intention of making money, just diversification of assets. I have made money occasionally, lost occasionally, broken even most of the time. You cant beat that with an investment, you get to use it, then sell it for what you paid for it, only Real Estate works the same, cars no, boats no, motorcycles no, you get the point.....
     
  17. ID_shooting

    ID_shooting Member

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    I sold a bunch of mine last spring, two rifles, one shotgun and two handguns.

    We were sitting on the couch watching TV during a nasty early-spring rain storm and the celing fell in just in front of the door, Wife looks over at the hole then at me and said "its raining in the house."

    Well, the materials estimate is about 3k and since she had lost her job that winter we hadn't been able to build our savings back up. Had to have a new roof, so......

    I did keep the esentials and did not sell the hierlooms.
     
  18. Kamicosmos

    Kamicosmos Member

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    In all of your situations, you can get the money relatively easily by working more hours or watching your budget more.

    I have yet to sell any of my guns. This includes periods of unemployment that I'm still getting caught up from. If I had sold my guns to cover bills or the mortgage, I'd still be behind on bills AND have no guns!

    The only financial situation that would warrant selling the guns might be if I needed some life saving operation that my insurance wouldn't cover. And in that type of situation, selling off my guns isn't going to come anywhere close to covering that amount of money.
     
  19. Smoke

    Smoke Member

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    The only reason I'd ever consider selling my guns would be:

    To pay for treatment of illness of my wife or kids.

    That's about it. Can't think of another reason.

    Smoke
     
  20. WT

    WT Member

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    I am old and gray and retired, in good health. I have more firearms than I want. I have started selling some of them off or giving them away to friends or family.

    I don't need the money.
     
  21. chaim

    chaim Member

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    OK, I still want general input, but here are the specifics I'm thinking.....

    If it was only a downpayment for a house or a ring I wouldn't need to sell. However, trying to do both means I probably need to sell some guns for the ring. For the car, I figure I'll need to convince her she needs something safer (she makes at least as much money as I do, more actually, but she lives in a more expensive area so it is a wash), but if it is my idea I'll probably need to be able to put in some of the money to convince her (she is perfectly happy with what she is driving, it is me who doesn't want her in that car). With the savings for a house, and with the ring coming soon I figure I may need to sell a gun for some money for the car (though I might just cut the downpayment and then have to buy mortgage insurance).

    Anyway, while it is probably a couple months before I need to buy the ring, if I sell the guns myself (and sell for fair market value instead of selling at "firesale" prices) it may take a couple months to sell them all so I may need to put them up soon. I am thinking about selling my AR- I like it, but it is a lot of money to have tied up in a gun I don't shoot much (I don't shoot rifles very much at all) and it would get me a good chunk of the way there to the ring (the rifle is a top of the line Bushmaster so I could fairly easily get $750 for it and maybe to $800 if I sell with 2 of the mags, then I could sell the four Colt 20 round mags for $20-25 each). I don't use or like my Remington 581 much ($100-150) so it would go, I rarely shoot (actually only once in the year or so I've owned it) my Savage 110 in 30-06 (I could probably get $200), I don't like my Colt Police Positive Special ($175-200), I was thinking about selling my Bersa anyway due to the safety design since I want to standardize on 1911 style safeties (I'm not sure what I could sell it for, probably somewhere between $150-200), and I probably would sell 2 of my 3 .357magnums (should net at least $600). That gives me $2055 on the low end to $2250 on the high end of my "guesstimates" (assuming I sell them myself and don't have to pay 20% consignment fees. Thus I would net between $1644 if I sell on the lower end and all sell through dealers, to $2250 if they sell on the higher end and all sell myself. That would get me a good chunk of the way towards a decent ring and would still leave me with about half of my guns, and with the exception of the AR and the .357s I wouldn't be selling anything I'd miss much (and none would be hard to replace later).
     
  22. Onmilo

    Onmilo Member

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    What would it take to sell some of my guns? Hmmm,,,,,,,
    The right amount of $$$
     
  23. Heraclitus

    Heraclitus Member

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    At its peak my handgun collection numbered about thirty. Today it stands at only seven.

    Moolah was never an issue. The reasons for dumping the balance were:

    A) I realized that I am not a collector at heart.
    B) I realized that I cannot love what I cannot shoot well.
    C) I realized that you can say such things on THR and live to tell about it.
     
  24. 444

    444 Member

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    One thing that bothers me about this, is the amount of money involved. Or maybe I am out of touch.
    I am considering buying a new house as we speak. Down payments here, for the houses I am looking at are like $30,000. Selling a couple guns that I don't really want anyway isn't going to net me that kind of money, so why do it ? Then we have the engagement ring. It has been a long time since I bought an engagement rings but I think it was in about 1986. Back then I paid around $2000 for a decent ring. I gotta think that now it would be more. Again, selling a couple old guns I have sitting in the corner isn't going to get me that kind of money: although in this case it would help (with the house it would be spit in the ocean).
    I know I am mean and insensitive: I have an obsession about personal responsibility and sacrifice but if your girlfirend only has to drive ONE mile to work, I wouldn't be worried about it at all. If she breaks down, she is only a few hundred yards either from work or home. I am not bagging on your girlfriend (really, I am talking about myself only), but if I lived that close to work and drove a car, I wouldn't be able to live with myself for being lazy and wasting the opportunity to get a little painless exercise. I have bagged on guys I work with for doing something similar. After I first got married, I couldn't afford to pay for car insurance on two cars, so I sold my car (my wife wouldn't consider selling hers even though she didn't work and didn't really have a valid reason for owning one). I walked several miles to work, walked home for lunch, and walked home at night. Why pay for a membership at the gym ? :D
     
  25. dukeofurl

    dukeofurl Member

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    What it would take? The right price!

    I'd sell for the sake of selling almost anytime, makes room for newer toys.

    I would try just giving a gun instead of an engagement ring. Form follows function.

    Expensive piece of carbon: No function
    Expensive piece of machined steel: As much function as desired, depending on ammo!
     
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