What would it take for you to sell some of your guns?
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bamawrx
Member
I have sold guns but they were ordinary and were sold to finance more interesting guns. If you have rare stuff then keep them at all cost, or sell to a friend with a buyback agreement. I have entered into buyback agreements with friends that needed some cash. They get their money and I agree to sell them back the gun if they want it later.
jamz
Member
I'm new at gunnery, but I bought a couple of pistols and a rifle last year, and was given a rifle by my Dad.
After around March or so, we experienced a huge financial crunch, started burning through savings, had to make plans to sell the house and move to a cheaper house. I sold my two pistols and rifle to Dad, and kept only the rifle that my Dad gave me.
Now the financial picture is slightly better, we still have to move into a more affordable home, which we will in the winter or spring (Out of MA, that's one good thing), and some "found" money let me purchase a small pocket pistol for carry so I could protect myself if needed.
I've sold some parts off of my car that I had bought in wealthier times, and the proceeds from these will buy my guns back bit by bit, starting this Thursday.
After a while, maybe I can afford the M44 back, and then after a long while, the SW1911.
After around March or so, we experienced a huge financial crunch, started burning through savings, had to make plans to sell the house and move to a cheaper house. I sold my two pistols and rifle to Dad, and kept only the rifle that my Dad gave me.
Now the financial picture is slightly better, we still have to move into a more affordable home, which we will in the winter or spring (Out of MA, that's one good thing), and some "found" money let me purchase a small pocket pistol for carry so I could protect myself if needed.
I've sold some parts off of my car that I had bought in wealthier times, and the proceeds from these will buy my guns back bit by bit, starting this Thursday.
After a while, maybe I can afford the M44 back, and then after a long while, the SW1911.
I personally have two sets of guns, one that I will never for any reason let go, and one that is a constantly revolving thing. I'll sell from my revolving collection to finance wants and needs from time to time, but that's because my forever guns will meet all my needs.
Texian Pistolero
member
I have sold a few guns under dire necessity, but have always regreted it.
The are a lot of hidden costs in selling a gun:
instant depreciation, loss of 8 % sales tax, all the little accessories that ad up to $100 or more, all the range time and $$ammo you spent getting it up to go.
And now you are selling it at a discount.
If you get flush again, you start over on the above expenses.
The are a lot of hidden costs in selling a gun:
instant depreciation, loss of 8 % sales tax, all the little accessories that ad up to $100 or more, all the range time and $$ammo you spent getting it up to go.
And now you are selling it at a discount.
If you get flush again, you start over on the above expenses.
Dorrin79
Member
This may be heresy around here, but I would sell some of my guns for any of the reasons you laid out.
Luckily when I went through the same process last year (new truck, 1st house and marriage in a 4-month timespan) I didn't need to sell any of my guns, but if I had I would have without hesitation.
I would never sell all of my guns, though - at bare minimum I would want a CCW pistol and a HD shotgun.
I would also neversell a gun with sentimental value (I don't have any with sentimental value right now, so that's not a barrier for me...)
Luckily when I went through the same process last year (new truck, 1st house and marriage in a 4-month timespan) I didn't need to sell any of my guns, but if I had I would have without hesitation.
I would never sell all of my guns, though - at bare minimum I would want a CCW pistol and a HD shotgun.
I would also neversell a gun with sentimental value (I don't have any with sentimental value right now, so that's not a barrier for me...)
MICHAEL T
Member
I will not sell my guns!!! My family can do what they want after Iam gone ,but while Iam alive I will not sell. I will only buy more.
Let's get down to brass tacks here. Get your priorities in order. The house should be at the top. Once you get the house, and trust me on this one, you will have people tripping over themselves to give you money. (Not always a good thing) This makes getting the car/engagement ring/ whatever else you want easier. Sell the guns for the house and don't look back. Having said that, if you have a gun that if you sell it you will never forgive yourself, hang on to it. I have a shotgun that was my grandfathers. Nothing fancy, a Mossberg .410 boltaction shotgun. I couldn't get more than $150 or $200 for it, but I wouldn't sell it for a million. It could NEVER be replaced and the guilt would never leave. Things like that, hold on to.
The ring: Read the above paragraph. Sell the guns to get the house first and you will be able to get the ring. You know, you can get some real nice rings for a few hundred dollars. Save up for a few months. She's worth it.
The car: If you need it for work, so you can eat, go to the doctor, etc. go for it.
Just don't sell them all, or bad bad things could happen.
Calhoun
The ring: Read the above paragraph. Sell the guns to get the house first and you will be able to get the ring. You know, you can get some real nice rings for a few hundred dollars. Save up for a few months. She's worth it.
The car: If you need it for work, so you can eat, go to the doctor, etc. go for it.
Just don't sell them all, or bad bad things could happen.
Calhoun
cracked butt
Member
If you are selling guns for a downpayment on a house? how many guns are you talking about?
If you are buying a $200,000 house, you'll need roughly $20,000 down if you don't want to saddle yourself with extra and expensive PMI payments.
I don't think alot of people have $20,000 worth of guns to sell- ok maybe a few people here, but not many. The average colelction might be worth $1000-3000, of which you'll probably get only 75% back from, barely makes a dent in the down payment.
If you are buying a $200,000 house, you'll need roughly $20,000 down if you don't want to saddle yourself with extra and expensive PMI payments.
I don't think alot of people have $20,000 worth of guns to sell- ok maybe a few people here, but not many. The average colelction might be worth $1000-3000, of which you'll probably get only 75% back from, barely makes a dent in the down payment.
When I realized that the lack of nearby and convenient places to shoot makes this hobby an incredible waste of time and money.
That most clubs are run by a "good ol' boys network" doesn't help, either.
Yes, I'm having a crisis of faith...
Jason Demond
Member
1. House: No-----Live in car.
2. Ring: No-----Cz in a stainless ring.
3. Car: No-----Ride a bike.
I will only sell a gun when it falls out of my favor.
2. Ring: No-----Cz in a stainless ring.
3. Car: No-----Ride a bike.
I will only sell a gun when it falls out of my favor.
Ala Dan
Member in memoriam
Greeting's All-
Well, being that I already own my home; and I'm a happily married
man, the house and the ring are out of the picture. About the only
thing I would consider selling firearms to fund would be in a case
where a family member was critically (or terminally) ill, and in need
of some medication(s) that they otherwise would not have access
too.
So, if any family member (or friend) gets locked up in the cross-bar
hotel don't expect me to sell firearms to bail them out! You would
most definitely be on your own; as you got yourself in there in the
first place, now find a way to get out!D Laughing Loudly )
Best Wishes,
Ala Dan, N.R.A. Life Member
Well, being that I already own my home; and I'm a happily married
man, the house and the ring are out of the picture. About the only
thing I would consider selling firearms to fund would be in a case
where a family member was critically (or terminally) ill, and in need
of some medication(s) that they otherwise would not have access
too.
So, if any family member (or friend) gets locked up in the cross-bar
hotel don't expect me to sell firearms to bail them out! You would
most definitely be on your own; as you got yourself in there in the
first place, now find a way to get out!
D Laughing Loudly )Best Wishes,
Ala Dan, N.R.A. Life Member
horge
Member
A request from my wife.
A request from the Pope.
Anyone else can molon labe my Filipino butt.
Yes, yes, I know. Not what you meant. Move along now...
Standing Wolf
Member in memoriam
I once "sold" some guns to a thief. I'll let my heirs worry about selling my guns.
I could possibly squeeze a down payment out of the sale of my guns, but if it came to that then I'm really not ready to buy that house.
The ring would be treated like a gun and I will get it when I have saved enough for it. If she can't wait then she wasn't for me anyway.
I learned long ago to forget new cars and shop for quality used models.
I'm no longer a spring chicken and have learned patience trumps haste.
Like the others before me, if the health of a loved one is in danger then they would go on the market as that's truly a need and not just a want.
The ring would be treated like a gun and I will get it when I have saved enough for it. If she can't wait then she wasn't for me anyway.
I learned long ago to forget new cars and shop for quality used models.
I'm no longer a spring chicken and have learned patience trumps haste.
Like the others before me, if the health of a loved one is in danger then they would go on the market as that's truly a need and not just a want.
spacemanspiff
Senior Member
show me the house that the sale of my guns can provide a downpayment for! maybe a cardboard box?
if i ever get to the point where i get engaged, someone slap me upside the head. thats money better spent on myself. sorry gals, when it comes down to it, i'm a selfish butthead. could explain why i'm single, no?
i've been without a car for a long time now. being within walking distance from work/store is all i really need. but sometimes those walks to work in january are really not that fun.
if i ever get to the point where i get engaged, someone slap me upside the head. thats money better spent on myself. sorry gals, when it comes down to it, i'm a selfish butthead. could explain why i'm single, no?
i've been without a car for a long time now. being within walking distance from work/store is all i really need. but sometimes those walks to work in january are really not that fun.
Flatfender
Member
Money. Lots and lots of money!
Then I'd take that money and buy me some guns.
Then I'd take that money and buy me some guns.
Outside of keeping just one , guns are still just stuff ! You can always buy more stuff in better times or even live without it if you have to.
What takes priority is what is more important at the time. It would be parting with the last gun I own that would realy be a problem for me - all the rest are just gravy .
What takes priority is what is more important at the time. It would be parting with the last gun I own that would realy be a problem for me - all the rest are just gravy .
I am one of those who has never, ever sold a gun. I expect I will die with every gun I've ever bought, except those I give to my kids along the way.
That said, there are things worth selling for. I think you have to look at it in two steps. First you have to decide what's more important to you. Is a house more important than a gun? How much important?
Then you have to decide if selling the less important thing will really help you get the more important thing.
House: For the first step, I don't know how important a house is to you. It is typically a very good investment. It is also typically very expensive. My downpayment on my first house was 25K, and I was probably in a cheaper area than you are. Plan on 10% of the value.
Also, you have to plan on living there for awhile, even if you get married. Buy a dump and she will want to sell. Transaction costs of moving houses eat up any profit real quickly. If you do plan on getting married, it may be better to wait and let your wife help you look. DON'T let your girlfriend help, IMHO. Too much pressure on the relationship.
Anyway, I've seen a number of guys buy houses, get married, and watch their wife gut and refurbish the house's interior to make it "habitable." Unless you have far better taste than I, not to many women will have your taste in interior decorating. In your shoes I might suggest waiting to buy a house, even though normally I think its a good idea to do it.
Second, you indicated you have about 2K in guns you could sell. Not much of a dent in a house buying process. Personally, I don't think the small gain you make towards your downpayment is worth the hassle and transaction costs present in selling your guns. Not unless they are guns you don't want anyway.
Engagement Ring: First part: you have to look at this through the lens of your faith. I doubt many posters, if any, responding on the thread is looking at it like your faith says you should. Some of the guys here don't place much value in marriage, which is their right of course, but it strikes me as very different than what you see as valuable. I'm not Jewish, but my faith views marriage in a somewhat similar fashion to what an Orthodox Jew would, so I tend to think the ring is more important than the guns. I would sell my guns if that was important to my wife. My marriage takes precedence over everything else, my things, my job, etc. Only my faith comes before my wife.
Second part: unlike the house, 2K from guns will go along way for a ring. Shop smart, check the internet for rocks and bid your jeweler down based on what you know to be the true cost of the rock, and you can do quite well. I still hesitate to sell to buy a ring, but that's just me. If you don't care much about the gun, hey, get rid of it. Put the money away for when you want to use it, whether it be a ring or whether it be a new gun later.
CAR: Hey, buy the ring first, and wait a couple months to see how the relationship is going. Don't buy it all at once. That said, I can't see selling for a car given that a car isn't all that more important than a gun, so long as you have one that works.
On the other hand 2K is a good start for a good used car.
So, my summary: House, no. Ring, yes. Car, no.
Good luck,
patent
That said, there are things worth selling for. I think you have to look at it in two steps. First you have to decide what's more important to you. Is a house more important than a gun? How much important?
Then you have to decide if selling the less important thing will really help you get the more important thing.
House: For the first step, I don't know how important a house is to you. It is typically a very good investment. It is also typically very expensive. My downpayment on my first house was 25K, and I was probably in a cheaper area than you are. Plan on 10% of the value.
Also, you have to plan on living there for awhile, even if you get married. Buy a dump and she will want to sell. Transaction costs of moving houses eat up any profit real quickly. If you do plan on getting married, it may be better to wait and let your wife help you look. DON'T let your girlfriend help, IMHO. Too much pressure on the relationship.
Anyway, I've seen a number of guys buy houses, get married, and watch their wife gut and refurbish the house's interior to make it "habitable." Unless you have far better taste than I, not to many women will have your taste in interior decorating. In your shoes I might suggest waiting to buy a house, even though normally I think its a good idea to do it.
Second, you indicated you have about 2K in guns you could sell. Not much of a dent in a house buying process. Personally, I don't think the small gain you make towards your downpayment is worth the hassle and transaction costs present in selling your guns. Not unless they are guns you don't want anyway.
Engagement Ring: First part: you have to look at this through the lens of your faith. I doubt many posters, if any, responding on the thread is looking at it like your faith says you should. Some of the guys here don't place much value in marriage, which is their right of course, but it strikes me as very different than what you see as valuable. I'm not Jewish, but my faith views marriage in a somewhat similar fashion to what an Orthodox Jew would, so I tend to think the ring is more important than the guns. I would sell my guns if that was important to my wife. My marriage takes precedence over everything else, my things, my job, etc. Only my faith comes before my wife.
Second part: unlike the house, 2K from guns will go along way for a ring. Shop smart, check the internet for rocks and bid your jeweler down based on what you know to be the true cost of the rock, and you can do quite well. I still hesitate to sell to buy a ring, but that's just me. If you don't care much about the gun, hey, get rid of it. Put the money away for when you want to use it, whether it be a ring or whether it be a new gun later.
CAR: Hey, buy the ring first, and wait a couple months to see how the relationship is going. Don't buy it all at once. That said, I can't see selling for a car given that a car isn't all that more important than a gun, so long as you have one that works.
On the other hand 2K is a good start for a good used car.
So, my summary: House, no. Ring, yes. Car, no.
Good luck,
patent
Valkman
Member
I haven't seen any scenario here that would make me sell any of my guns. When I bought my first house I had almost no money but found one that was being repo'd and got in with $1500 cash, which I had. Because of that I knew I'd have to drive my old truck a long time, but that was ok. Now the wife and I have both sold houses for huge profits, bought the house we live in now plus alot of toys including a number of guns. Can't think of anything that would make me sell them!
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