Some brands of guns hold their value better than others. Hi-Points just don't in my experience. You needed money, he made a offer, you accepted... end of story. You think you got low balled? Try taking something to a pawn shop and see what they offer you?
First Time Selling My Weapon And Lost My Tail On The Deal
Hi,
Do you all remember me spending all that money on my HighPoint 995, red dot scope, tripod, flip up sights and extended mags (4) and all of that other stuff. Well i had hard times in Sept of last year and a neighbor offered to buy it for $250. Thats not far off of what i paid for it bare bones. But i needed the money so i sold it with everything on it. The only think i kept was the $70 case for it. So all in all i spent right around $450 with all the improvements and sold it for half that.
I did get a hand written and signed note with SN of weapon for the sale so at least if anything does happen i can prove i sold it.
I hope thats not the way all gun sales go down
Do you all remember me spending all that money on my HighPoint 995, red dot scope, tripod, flip up sights and extended mags (4) and all of that other stuff. Well i had hard times in Sept of last year and a neighbor offered to buy it for $250. Thats not far off of what i paid for it bare bones. But i needed the money so i sold it with everything on it. The only think i kept was the $70 case for it. So all in all i spent right around $450 with all the improvements and sold it for half that.
I did get a hand written and signed note with SN of weapon for the sale so at least if anything does happen i can prove i sold it.
I hope thats not the way all gun sales go down
1 - 20 of 23 Posts
Been there, done that! I now keep every stock item from the firearm and if I sell it, all the after market mods or extras (spare mags, sights, grips, custom triggers, spring kits, holsters...etc, get sold separately.
Yeah i wish i had just told him about it and not been showing it off the day he offered. If he had not seen it with all the extras on it i would have kept them and just sold him the base model and maybe one extended mag for that.
Yeah i know pawn shops are not a good deal at all. I was not complaining about him getting a good deal. I know im a big boy and i said yes, i was just commenting on what i had to do to survive and sadly had to take the cut.
Yeah i know pawn shops are not a good deal at all. I was not complaining about him getting a good deal. I know im a big boy and i said yes, i was just commenting on what i had to do to survive and sadly had to take the cut.
I just hope I never have to sell any guns, your situation is one I hear often.
Seems that when you need money the most, people are only willing to offer you the least. Years ago I sold a motor cycle cuz I needed the $$$. I got low balled by everyone that came to see it... Lost a couple hundred on it. Before I moved south 3 years back I decided to thin the heard, and put two bikes on ebay.. I didn't have to sell them and would have brought them south with me, had I not gotten a fair price. All said and done, I made a $8,000 combined profit on the 2 bikes... I think we project desperation...
When you are desperate people some times take advantage of you, It's like you show it or something.
should have put tit on armslist.com you could have gotten more for it.
Good idea, and I do the same. It seems to be a general rule for a lot of things, not just guns, that those add-ons are heavily discounted at selling time. Cars, houses, camera gear, you name it. Unless you find someone who's looking for the exactBeen there, done that! I now keep every stock item from the firearm and if I sell it, all the after market mods or extras (spare mags, sights, grips, custom triggers, spring kits, holsters...etc, get sold separately.
stuff you've added, they're going to base their offer on the value of the stripped-down item.
I just sold a gun for the first time. S&W M&P 22 compact pistol. Nice gun but just didn't fit in my lineup. I have 2 good 22 target pstols, and bought a plinker for no apparent reason. Paid $250 and sold for $200, with about 400 rds through it, but I was fine with it.
That's a shame you lost money on a good gun like that. Hopefully you get your finances turned around and get something to replace it.
It happens.
I look at it this way. If I buy a gun for $400 and sell it for $300 two years later, the "rental fee" was $4.17 a month, I'm down with that.
I look at it this way. If I buy a gun for $400 and sell it for $300 two years later, the "rental fee" was $4.17 a month, I'm down with that.
In my late 20's, early 30's, I was in a situation I had to sell off an extensive gun collection. It sucks to have to sell off anything, and when you are in that situation, you don't have time for looking at alternative solutions. Back when I had to sell, there was no Gunbroker website!
Here's my $.02 worth. Generally speaking, guns are not an investment. We sometimes tell ourselves that buying a gun is an investment, but is just not so, any more than when Democrats talk about investing in education. That said, some investments with high rates of return are risky and may capture all of your gains as well as the initial investment, all the way to zero.
Popular, functional guns retain some level of value and I am still good with that. One last thing...did you ever try to sell a used lawn rake in good condition?
Popular, functional guns retain some level of value and I am still good with that. One last thing...did you ever try to sell a used lawn rake in good condition?
Really your experience is pretty typical. When you walk out of the gun store with a new purchase it drops 20% in value. Put one round through it and it drops another 10-20% in value. With the exception of a few Sig's,Colts, and Smith revolvers you should expect to loose 20-50% of a purchase value. There is always an exception, like if you had bought a Sig P365 last month, you could sell it this month for a profit, but only until the distributors get more than they can sell in a quarter. You can mitigate this loss model by buying as cheap as possible from big etailers like Buds gun Shop, GrabaGun, and others. Often you don't pay sales tax, which in my case is an instant 10% savings. Watch for deals at gundeals.com , jump when a crazy low price comes up. For example I purchased a Smith 45 V2 shield early on at $289, later in that year the price rose to the mid $400's and has generally stayed there since. Their are a few other factors to consider when buying from an etailer, shipping costs and the transfer fee at your local gun shop.
Another thing about online sales...Taurus is a great example of firearm manufactures not giving a lifetime warranty on their products anymore. Places like BudsGuns offer a lifetime warranty for a very low price when you purchase a firearm from them.Really your experience is pretty typical. When you walk out of the gun store with a new purchase it drops 20% in value. Put one round through it and it drops another 10-20% in value. With the exception of a few Sig's,Colts, and Smith revolvers you should expect to loose 20-50% of a purchase value. There is always an exception, like if you had bought a Sig P365 last month, you could sell it this month for a profit, but only until the distributors get more than they can sell in a quarter. You can mitigate this loss model by buying as cheap as possible from big etailers like Buds gun Shop, GrabaGun, and others. Often you don't pay sales tax, which in my case is an instant 10% savings. Watch for deals at gundeals.com , jump when a crazy low price comes up. For example I purchased a Smith 45 V2 shield early on at $289, later in that year the price rose to the mid $400's and has generally stayed there since. Their are a few other factors to consider when buying from an etailer, shipping costs and the transfer fee at your local gun shop.
You spent a $200 gussying up a $250 dollar gun. When you sold it, you got your $250 back. That's about par for the course unless you find that rare buyer that has similar tastes to your own.
I had a Hi-Point.....
....and gave it away......for free.
I knew selling it was hopeless.
....and gave it away......for free.
I knew selling it was hopeless.
No doubt I have guns that are worth way more than I paid for them, but....
1. They have to be top quality, and discontinued. I count the older S&W's as discontinued as the most of the models they produce today are radically different from the earlier versions. If you look at a current S&W model 66 and compare it to an older one you'll wonder why they put the same model number on it. Even at that, it's not a certain that will continue. I sort of feel the market for classic S&W's is softening a bit. It was the baby boomers that drove those prices up. Are the younger generations even going to want these guns as we die off and our collections are sold? Guns are pretty durable and there's a lot of revolvers in safes that are going to come to market.
2. You need to hold on to them for a long time. I'm talking decades. Even at that they don't produce staggering returns. They'll beat inflation but under perform the S&P 500 by a wide margin.
Also, the U.S. suffered through a long period of inflation that had a lot to do with the price increases of the older models. Given the skilled-labor intensity of the older models their prices where subject to some pretty strong inflation. These days it appears they can manufacture guns much, much, less expensively. When I got my first Taurus an under $300 9mm was rare, now they are everywhere. Guns seem to be getting cheaper. We'd need a repeat of that inflation (no thanks) to drive prices up.
I shoot my guns quite a bit. Anything I've gotten rid of had at least a couple of thousand rounds through it before I decided it wasn't for me. If it cost me $4.00-$5.00 a month for the gun rental then I consider that a deal.
1. They have to be top quality, and discontinued. I count the older S&W's as discontinued as the most of the models they produce today are radically different from the earlier versions. If you look at a current S&W model 66 and compare it to an older one you'll wonder why they put the same model number on it. Even at that, it's not a certain that will continue. I sort of feel the market for classic S&W's is softening a bit. It was the baby boomers that drove those prices up. Are the younger generations even going to want these guns as we die off and our collections are sold? Guns are pretty durable and there's a lot of revolvers in safes that are going to come to market.
2. You need to hold on to them for a long time. I'm talking decades. Even at that they don't produce staggering returns. They'll beat inflation but under perform the S&P 500 by a wide margin.
Also, the U.S. suffered through a long period of inflation that had a lot to do with the price increases of the older models. Given the skilled-labor intensity of the older models their prices where subject to some pretty strong inflation. These days it appears they can manufacture guns much, much, less expensively. When I got my first Taurus an under $300 9mm was rare, now they are everywhere. Guns seem to be getting cheaper. We'd need a repeat of that inflation (no thanks) to drive prices up.
I shoot my guns quite a bit. Anything I've gotten rid of had at least a couple of thousand rounds through it before I decided it wasn't for me. If it cost me $4.00-$5.00 a month for the gun rental then I consider that a deal.
adding a bunch of accessories to a gun and then trading it or selling it is about like putting 1000 bucks worth of wheels on a car, another 1000 in certain tires, a spoiler , etc, etc, etc and then selling it!
YOU GONNA LOSE MONEY!
actually If I buy a use weapon it more than likely is going to be stock and unmodified.
depending on the weapon you can make money or at least not lose money, I have quite a few that I bought right and can get my money back.
YOU GONNA LOSE MONEY!
actually If I buy a use weapon it more than likely is going to be stock and unmodified.
depending on the weapon you can make money or at least not lose money, I have quite a few that I bought right and can get my money back.
1 - 20 of 23 Posts
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