Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Arrow Left Previous Page
Page / 2
Posted: 2/2/2011 7:28:11 AM EDT
It's not a straw purchase. I traded for it years ago. My FIL recently got his CHL and I offered him one of my G19's to carry (I have two ).

First, I was going to do an extended loan and pretty much forget about it, but he asked for some sort of piece of paper showing that I transferred ownership. Not sure why he'd need it, but whatever. My plan was to write up a receipt and take his dollar and be done w/ it. Please tell me if my plan is stupid. What am I saying? Arfcom is worse than a wife in pointing out stupidity.

And my FIL is a good guy (retired .mil, Vietnam Vet). I have 8 of his guns sitting in my safe. I'm not worried about getting the pistol back if I ever needed it.
Link Posted: 2/2/2011 7:28:58 AM EDT
[Last Edit: 2/2/2011 7:29:05 AM EDT by LuckyDucky]
I'll give you $2 for it.
Link Posted: 2/2/2011 7:29:11 AM EDT
Maybe if he loses it, insurance will only cover $1. Not sure on that though.
Link Posted: 2/2/2011 7:29:56 AM EDT
No issues if in the same state...
Link Posted: 2/2/2011 7:31:00 AM EDT
I wouldn't worry too much. If he's former military, he should have some experience dealing with explosives.
Link Posted: 2/2/2011 7:31:18 AM EDT
I'll give you $3.50.
Link Posted: 2/2/2011 7:33:06 AM EDT
Originally Posted By sd_norske:
I'll give you $3.50.


Link Posted: 2/2/2011 7:33:09 AM EDT
Originally Posted By agillig:
I wouldn't worry too much. If he's former military, he should have some experience dealing with explosives.


I lol'd
Link Posted: 2/2/2011 7:33:09 AM EDT
Just give him a bill of sale for $500 then buy a beer from him for $499.
Link Posted: 2/2/2011 7:33:47 AM EDT
Cheapskates. I'll give $5.00 IN CASH for it!


Link Posted: 2/2/2011 7:33:49 AM EDT
Give it to him as a early "Fathers Day" gift , that way insured value will be correct. Then ask for a free beer! win/win.
Link Posted: 2/2/2011 7:34:28 AM EDT
Why not just write up the bill of sale for $400 and pretend he paid you? If it ever comes up (ownership), there are no red flags.
Link Posted: 2/2/2011 7:34:52 AM EDT
I'd show the bill of sale at $400 or more. Give him $400 and he can give it right back to you.
Link Posted: 2/2/2011 7:34:58 AM EDT
It is illegal to possess grenades, let alone transfer one. Watch yer cornhole, bud.
Link Posted: 2/2/2011 7:36:04 AM EDT
I'll but it for 5.01
Link Posted: 2/2/2011 7:37:30 AM EDT
[Last Edit: 2/2/2011 7:37:47 AM EDT by QwikKotaTx]
Originally Posted By LuckyDucky:
Originally Posted By sd_norske:
I'll give you $3.50.


http://i55.tinypic.com/34h6kxz.jpg


HAHA!

Tree fitty!
Link Posted: 2/2/2011 7:37:34 AM EDT
Tell your father-in-law he's being a pain in the ass and just give him the gun.
Link Posted: 2/2/2011 7:37:54 AM EDT
Stop the bids guys ... now I've got to offer him 10 geeeesh

Link Posted: 2/2/2011 7:37:58 AM EDT

Originally Posted By whogasak47:
Give it to him as a early "Fathers Day" gift , that way insured value will be correct. Then ask for a free beer! win/win.

Brilliant idea.
Link Posted: 2/2/2011 7:38:30 AM EDT
Originally Posted By Sogman52:
Maybe if he loses it, insurance will only cover $1. Not sure on that though.


Probably have to check with his insurance company on that one. Back in my band days, we lost everything in a van fire. The insurance company insisted on paying MSRP for all of our gear even though we openly admitted that we bought our gear used and could document what we paid.

Insurance company paid us around $20,000 for gear that we spent maybe $6,000 on total. +

I know jack shit about insurance other than that anecdote so ymmv.

Link Posted: 2/2/2011 7:39:09 AM EDT
$15 that's as high as I'll go.
Link Posted: 2/2/2011 7:40:09 AM EDT
I don't understand why you can't gift it to him?
Link Posted: 2/2/2011 7:41:09 AM EDT
As long as you're residents of the same state and there are no state laws regulating private sales, I see no problem with selling it to him for $1. Or just giving it to him for that matter.
Link Posted: 2/2/2011 7:41:56 AM EDT
Originally Posted By motown_steve:
$15 that's as high as I'll go.


$15.01!
You wouldn't waste post 46,000 on a Glock bid, would you?
Link Posted: 2/2/2011 7:42:02 AM EDT
You don't need to sell it for anything.

AFAIK,it's entirely legal to give it to him in a face to face transaction in Texas for free but if he wants to document the change of ownership then print something out and ask somebody at your bank to notarize it. Or if it's that big of a deal,my local FFL charges $30 to handle such things ( we can only do 4 face to face sales per year in MA,any other sales must go through FFL).
Link Posted: 2/2/2011 7:46:07 AM EDT
Come on man you banging his daughter, just give it to him.
Link Posted: 2/2/2011 7:57:15 AM EDT

Originally Posted By motown_steve:
$15 that's as high as I'll go.

Good! $15.25!
Link Posted: 2/2/2011 7:58:14 AM EDT
As long as he is a resident of your state, I say no problem.
Link Posted: 2/2/2011 8:00:54 AM EDT
Jesus Christ can you make this any more complicated?

Just give him the gun, and tell him if thats not good enough, no gun.

Pretty simple really
Link Posted: 2/2/2011 8:02:06 AM EDT
Originally Posted By outofbattery:
You don't need to sell it for anything.

AFAIK,it's entirely legal to give it to him in a face to face transaction in Texas for free but if he wants to document the change of ownership then print something out and ask somebody at your bank to notarize it. Or if it's that big of a deal,my local FFL charges $30 to handle such things ( we can only do 4 face to face sales per year in MA,any other sales must go through FFL).




How does big brother know when you've done 5 face to face sales?
Link Posted: 2/2/2011 8:05:58 AM EDT
Really, it's not a car. There's no title you have to put a price on for taxes; just give it to him.

That's pretty cool that you have a FIL with enough similar interests and the type of relationship where you hold on to his guns in your safe and give him pistols.
Link Posted: 2/2/2011 8:10:00 AM EDT
If you wanted to make a receipt make it for "$450 cash" and then take his dollar, make sure to include the weapons serial number. If he happens to give you 449 more single dollar bills over the course of 20 years then great.

That way if the weapon is ever stolen he has a receipt he can show to the insurance company which will cover the guns replacement value.
Link Posted: 2/2/2011 8:11:52 AM EDT
write the bill of sale as a gift, state current value of the gun, go for beer.

And I will give you $25 for it, if this is all too complicated for you.
Link Posted: 2/2/2011 8:13:23 AM EDT

Originally Posted By cableguy221:
I don't understand why you can't gift it to him?

This. It's 100% legal, why complicate this?


Link Posted: 2/2/2011 8:14:30 AM EDT
Originally Posted By Hueto:
Tell your father-in-law he's being a pain in the ass and just give him the gun.


Texas is a ftf state. Give him the gun and be done with it, he's looking the proverbial gift horse in the mouth.
Link Posted: 2/2/2011 8:18:32 AM EDT
It is Texas for Christ's sake, just give it to him, no paperwork is required or even desired. There is no registration, no "tracing" past the original ffl or anything of the sort. I buy and sell ftf quite frequently as my interests change and don't bother with creating additional headaches for myself, you shouldn't either.
Link Posted: 2/2/2011 8:19:30 AM EDT
Link Posted: 2/2/2011 8:20:04 AM EDT
[Last Edit: 2/2/2011 8:20:57 AM EDT by MotorMouth]
Ifit makes him feel better, tell him its the bride price for his daughter because you don't own any goats, and then just give him the damn gun.
Link Posted: 2/2/2011 8:22:48 AM EDT
Just give it to him with a signed note that says "I xxxx give ownership of (one) Glock 19 pistol Serial xxxxxx to xxxxxxxxx" both parties sign, bam done.
Link Posted: 2/2/2011 8:22:55 AM EDT
Insured value has nothing to do with what you paid. Even if you paid a lot more and 'insured' it for a lot more, they will only pay out the market value or replace it with a like item.
Link Posted: 2/2/2011 8:39:24 AM EDT

Originally Posted By InheritedAnArsenal:
It's not a straw purchase. I traded for it years ago. My FIL recently got his CHL and I offered him one of my G19's to carry (I have two ).

First, I was going to do an extended loan and pretty much forget about it, but he asked for some sort of piece of paper showing that I transferred ownership. Not sure why he'd need it, but whatever. My plan was to write up a receipt and take his dollar and be done w/ it. Please tell me if my plan is stupid. What am I saying? Arfcom is worse than a wife in pointing out stupidity.

And my FIL is a good guy (retired .mil, Vietnam Vet). I have 8 of his guns sitting in my safe. I'm not worried about getting the pistol back if I ever needed it.

Might be good for liability. If he had to use it for self defense, a bill of sale might keep you from getting sued.
Link Posted: 2/2/2011 8:59:07 AM EDT
Originally Posted By woodsie:
Originally Posted By Sogman52:
Maybe if he loses it, insurance will only cover $1. Not sure on that though.


Probably have to check with his insurance company on that one. Back in my band days, we lost everything in a van fire. The insurance company insisted on paying MSRP for all of our gear even though we openly admitted that we bought our gear used and could document what we paid.

Insurance company paid us around $20,000 for gear that we spent maybe $6,000 on total. +

I know jack shit about insurance other than that anecdote so ymmv.



Well, you tried to do the right thing-at least you're not guilty of insurance fraud. OP-I agree with the previous suggestion. Early fathers day/birthday/whatever occasion gift.
Link Posted: 2/2/2011 9:06:17 AM EDT
Originally Posted By FatCat1:
Come on man you banging his daughter, just give it to him.


+1
Link Posted: 2/2/2011 9:09:24 AM EDT
Link Posted: 2/2/2011 9:11:13 AM EDT
I'll give you $87

Link Posted: 2/2/2011 9:16:52 AM EDT
just give it to him
Link Posted: 2/2/2011 9:36:56 AM EDT
Originally Posted By WileyG27:
Cheapskates. I'll give $5.00 IN CASH for it!




10 sliver halfs
Link Posted: 2/2/2011 9:47:47 AM EDT
solution, sell it for $1 , get paper recipt to include SN, and have it state "for sum of $1, and services rendered" and go for beer, services rendered shall equal getting embarrasing stories about your wife's early childhood valued at 449...
Link Posted: 2/2/2011 9:51:38 AM EDT
If it makes you feel better, then go ahead and do it. Otherwise it really wouldn't make much of a difference.
Link Posted: 2/2/2011 9:53:11 AM EDT
Link Posted: 2/2/2011 9:55:32 AM EDT
[Last Edit: 2/2/2011 9:56:37 AM EDT by TUBBY]
I would get a receipt showing change of ownership just to CYA in case of some unforseen circumstance. Divorce of Daughter, Stolen used in crime, etc...
Arrow Left Previous Page
Page / 2
Top Top