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Posted: 11/24/2014 6:54:34 AM EDT
[#1]
Well it depends on how you bought it. Did you pay retail, or retail Plus?
in your example, if you paid the LEO retail price for the Glock, you could probably get out without much loss. If you overpaid retail plus, then you should expect to be out 20-30%. You locked in your loss the day you over paid for it. Also, how are you selling? FTF? Gunshop? Armslist/Gunbroker? Shipping fees? How desperate are you to sell? Are you selling a hot item, or a niche item, or something the market is flooded with? There is no right answer. It's an art and a science. |
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Posted: 11/24/2014 7:23:02 AM EDT
[#2]
You're going to get what you can get. Prices are highly subjective.
The depreciation on a new gun is going to be pretty high. Anywhere from 30-50%+ whether it has 10 rounds or 100 through it. Look at what people are selling the same gun for in your area. Having worked retail gun sales, and been in and around guns a long time, I've learned that people always think their gun is worth more than it is, and think people are selling what they want at too high of a price.  |
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Posted: 11/24/2014 7:47:21 AM EDT
[#3]
Madcap, empty your inbox.
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Posted: 11/24/2014 7:51:48 AM EDT
[#4]
done. LOL talk about a trip down memory lane checking out old IM's.
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Posted: 11/24/2014 8:19:34 AM EDT
[#5]
I've only lost money on one purchase so far. My PT111G2 mainly because A) taurus resale value sux and B) retail price hit the floor on these from when I bought one for $299+sh I sold it two weeks ago for $255 FTF
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Posted: 11/24/2014 8:23:12 AM EDT
[#6]
Quoted:
Lets say you buy a new Glock, or a S&W revolver, shoot it 100 or so times, then decide you want something else. You can't expect to get all of your money back, so what kind of hit do you see as acceptable? There's your problem. If you think you might want to resell, don't buy new. You're guaranteed to lose money. If there's any possibility that resale is an issue, buy used. Let the new gun buyer eat the depreciation. A used gun will hold its value. A new gun won't . . . The only exception to this is if you get in on some sort of crazy low wholesale price (i.e. Glock Blue Label, Palmetto Black Friday special, etc.) |
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Posted: 11/24/2014 9:15:35 AM EDT
[#7]
As long as I am not buying at full MSRP then I can usually get 85-90% of the purchase price back minus sales tax. If I buy on a good sale I might be able to get it all back.
Slightly used is where it's at. If you are patient and keep your eyes peeled you can find stuff that can be resold for what you paid. I just recently found a couple handguns locally that if I don't like i will just sell them for what I paid and be done with them. |
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Posted: 11/24/2014 10:29:11 AM EDT
[#8]
I get at least 90% every time. On a couple guns I've even gotten what I paid.
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Posted: 11/24/2014 10:53:00 AM EDT
[#9]
If you buy 'em right you make money when you sell
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Posted: 11/24/2014 11:43:01 AM EDT
[#10]
I wont take a 10% loss on a gun. If its truly so bad I cant stand to keep it I will list it at 90% what I paid and let it sit out there. If no one buys it, I keep it. Everyone always buys the gun.
Ive made money on a lot of gun sales. Dont expect to turn a profit on a run of the mill Glock/XD/S&W...but on some of the nicer guns you can make it work. |
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Posted: 11/24/2014 12:32:36 PM EDT
[#11]
Varies widely depending on the gun, the local market, state of the panic, dealer versus private sale, a myriad other things.
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Posted: 11/24/2014 12:54:36 PM EDT
[#12]
This depends on a lot of things. If it's a common/popular gun you may not lose much at all. If Hillary gets elected between when you buy and when you sell, you'll probably make a huge profit. If it's an unpopular gun/caliber, you're likely to lose a shitload. Buying used allows you to do quite a bit of "horse trading" without losing much money (if any). Sometimes you'll make a little, sometimes you'll lose a little, but it allows you to experiment with quite a few different guns without spending a lot if that's what you want to do.
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Posted: 11/24/2014 12:56:28 PM EDT
[#13]
Why don't you just track gunbroker. That will give you a good idea of actual prices for the specific make and model you are selling. Be sure to take into account the GB selling fee, whatever that is. My guess is that you will better than in a straight sale to a gunstore, but not as good as a FTF sale.
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Posted: 11/24/2014 1:13:11 PM EDT
[#14]
On a long enough time line most handguns increase in value.
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Posted: 11/24/2014 2:08:52 PM EDT
[#15]
I don't guess I feel too bad.
Sold my 617-6 6" that never really did if for me. Shot it hundreds of times, but it just wasn't special. Paid $650 several years ago, and I got $600 for it. Couldn't replace it for that, but oh well. |
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Posted: 11/24/2014 2:46:40 PM EDT
[#16]
A gun that is Like new condition as a trade at the gun store? 50% of what you paid for it.
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Posted: 11/24/2014 3:22:22 PM EDT
[#17]
Their is a big difference between what a gun store will pay and what an individual will pay. You are almost always better off posting it for sale on the EE/gunbroker/local sale adds, or even carrying it to a gun show.
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Posted: 11/24/2014 3:43:10 PM EDT
[#18]
That's an ambiguous question. I've sold guns I bought new but didn't like for less than a 10% hit.
But I also just sold one to a good friend for 50% of what he could have found it used. It is a ban-state specific deal though. I sold him a used Glock at what is closer to the average used price in free states, but it was quite a value in a state like MA. The answer is always: It depends. Cheers! -JC |
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Posted: 11/24/2014 4:05:34 PM EDT
[#19]
really depends on the specific gun and how much you got it for. really a case by case basis
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Posted: 11/24/2014 4:15:33 PM EDT
[#20]
Quote HistoryQuoted:
Varies widely depending on the gun, the local market, state of the panic, dealer versus private sale, a myriad other things. Nailed it right there !!! Track GB or other auction sites and see what the are SELLING for. NOT asking, Selling Very big difference Click on the watch item symbol and watch away. That will tell you what the gun is currently worth. Look at the price of AR's after the sandy hook thing and look at them now. I sold a LNIB Noveske for $6500.  Try that now.
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Posted: 11/24/2014 6:31:09 PM EDT
[#21]
Gunshop might pay you half of the wholesale price. Better off selling on Armslist or Gunbroker.
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Posted: 11/24/2014 6:49:26 PM EDT
[#22]
Quoted:
Lets say you buy a new Glock, or a S&W revolver, shoot it 100 or so times, then decide you want something else. You can't expect to get all of your money back, so what kind of hit do you see as acceptable? Ask yourself how much you would pay for a gun being sold in that situation. Personally, once it leaves the store, it's not new, I'll want at least 20% less than the best street price I can find or I'll just buy a new one and not yours. |
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Posted: 11/24/2014 8:08:42 PM EDT
[#23]
There are three or four in my safe that are getting close to being worth twice what I have in them.
But that is the exception rather than the rule. And none of those are polymer. |
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Posted: 11/24/2014 9:24:47 PM EDT
[#24]
Quote HistoryQuoted:
Ask yourself how much you would pay for a gun being sold in that situation. Personally, once it leaves the store, it's not new, I'll want at least 20% less than the best street price I can find or I'll just buy a new one and not yours. Quote HistoryQuoted:
Quoted:
Lets say you buy a new Glock, or a S&W revolver, shoot it 100 or so times, then decide you want something else. You can't expect to get all of your money back, so what kind of hit do you see as acceptable? Ask yourself how much you would pay for a gun being sold in that situation. Personally, once it leaves the store, it's not new, I'll want at least 20% less than the best street price I can find or I'll just buy a new one and not yours. If the gun is truly like new it usually isn't hard to stay within 10%. New glocks can be had around 499 but the used like new guns rarely pop up for 400. Usually 440-460 which is still a great price compared to new especially with sales tax figured in(another 40 bucks here). If you are diligent you can always find a exception to the rule but it's not very common. |
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Posted: 11/25/2014 3:27:32 AM EDT
[#25]
Before I buy a gun, I do some research into current pricing in my area. I rarely ever buy a new gun and rarely ever lost money when I sold a gun.
I bought this Brinks surplus M64-5 for $237 otd two months ago. Most prices for similiar guns are closer to $300. 
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Posted: 11/25/2014 9:36:23 AM EDT
[#26]
Quote HistoryQuoted:
Ask yourself how much you would pay for a gun being sold in that situation. Personally, once it leaves the store, it's not new, I'll want at least 20% less than the best street price I can find or I'll just buy a new one and not yours. Quote HistoryQuoted:
Quoted:
Lets say you buy a new Glock, or a S&W revolver, shoot it 100 or so times, then decide you want something else. You can't expect to get all of your money back, so what kind of hit do you see as acceptable? Ask yourself how much you would pay for a gun being sold in that situation. Personally, once it leaves the store, it's not new, I'll want at least 20% less than the best street price I can find or I'll just buy a new one and not yours. That's the key. What would a reasonable person pay, given all his/her options. And yes, "leaving the store" is key. In fact, I'd back it up a bit more. Once that gun is recorded on a 4473 form, it is no longer a "new" gun. If a manufacturer could conceivably deny a warranty claim because someone other than the original purchaser sent it in, then it's not new . . . In practice, it's not likely a manufacturer would be that anal, but it's possible and a reasonable person may wonder about that. |
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Posted: 11/25/2014 12:20:20 PM EDT
[#27]
Good topic and one that I thought about asking albeit in a different way and that is, "why are used pistol prices so high?"
I see new Glocks for $500-520 but see used ones for 450-500 on arms list or GB. Granted you have to figure transfer, shipping and tax in there too. New(500+transfer 40+6%tax 33 +shipping free??=573) Used(450+transfer 40, no tax, shipping 20= 500) Still, I don't see myself buying used to save 73 bucks and not knowing the history or usage of the gun. I find my "discount" from my LGS to be right around 20% off list. I'll ask another question. What is a good percentage off to offer on a used pistol? I know this depends on the offer price but do you use a general offer percentage on a used pistol priced on the high side? Finally, is there a way to see a history of sold prices on GB? Like completed items on ePay? |
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Posted: 11/25/2014 2:56:14 PM EDT
[#28]
Quote HistoryQuoted:
Still, I don't see myself buying used to save 73 bucks and not knowing the history or usage of the gun. |
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Posted: 11/25/2014 3:06:15 PM EDT
[#29]
Quote HistoryQuoted:
even on a gun with a lifetime warranty? I don't see why it would matter. I bought a used Glock with a damaged firing pin hole, sent in the slide and they replaced it no questions asked. Quote HistoryQuoted:
Quoted:
Still, I don't see myself buying used to save 73 bucks and not knowing the history or usage of the gun. Life time warranty does help the situation, I agree. I guess everyone draws the line somewhere. |
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Posted: 11/25/2014 7:19:19 PM EDT
[#30]
Sell gun???
Does. Not. Compute. |
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Posted: 11/25/2014 8:17:37 PM EDT
[#31]
Quote HistoryQuoted:
Sell gun??? Does. Not. Compute. Sellers create opportunities for buyers
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Posted: 11/25/2014 10:39:16 PM EDT
[#32]
Do some online research and find the cheapest price new for that particular firearm, then subtract 10% for being used. Should get you in the ball park if it is still in great condition.
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Posted: 11/26/2014 7:34:09 PM EDT
[#33]
These are all factors :
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