[ARCHIVED THREAD] - Resale Value? (Page 1 of 2)
Posted: 1/20/2017 5:43:50 PM EDT
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I just stopped by a gun shop to see what they would appraise my rifles for shits and giggles. I showed them my DD M4V11 Pro and asked me what I would be willing to let it go for. Long story short, they wanted to give me ~$1,500 for the whole setup.
Setup: DDM4V11 Pro Viper PST 2.5-10x FFP Atlas bipod Gen 2 MBUS I knew going in that they were going to lowball me, but seriously?! They also claim that they sell their BNIB M4V11 Pro's in their shop for $1,350. Please enlighten me on how you're able to sell rifles OTD for 60% of the MSRP. Note that this rifle is $2,099 as per the Daniel Defense website (they just marked up all of their rifles by roughly $200). Gunbroker usually lists them around the $1,750 mark. Am I being ignorant? Is it really worth $1,500? I honestly don't see how it's even remotely possible. I realize they need to make money too, but I'm hoping nobody, including myself, bends over and spreads their cheeks. |
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I was actually surprised they offered you that much, seriously. No one pays MSRP. And it always makes me laugh when people try to sell a new gun, in the $1500 and over range, for only a few hundred bucks off. Why wouldn't I just buy brand new? Also, it's funny how everyone selling their guns seems to not shoot at all. They always state "like new" or the common "less than 100 rounds through it".
Anyway, if you want top dollar for something, selling it to a store, who is only buying it to make a profit, is probably not the best idea. |
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Quoted:
I just stopped by a gun shop to see what they would appraise my rifles for shits and giggles. I showed them my DD M4V11 Pro and asked me what I would be willing to let it go for. Long story short, they wanted to give me ~$1,500 for the whole setup. Setup: DDM4V11 Pro Viper PST 2.5-10x FFP Atlas bipod Gen 2 MBUS I knew going in that they were going to lowball me, but seriously?! They also claim that they sell their BNIB M4V11 Pro's in their shop for $1,350. Please enlighten me on how you're able to sell rifles OTD for 60% of the MSRP. Note that this rifle is $2,099 as per the Daniel Defense website (they just marked up all of their rifles by roughly $200). Gunbroker usually lists them around the $1,750 mark. Am I being ignorant? Is it really worth $1,500? I honestly don't see how it's even remotely possible. I realize they need to make money too, but I'm hoping nobody, including myself, bends over and spreads their cheeks. The price on used guns have really dropped in the last couple of months, I know we all personalize them with our little favorites, but I have not seen any indication that is actually being reflected in what they are going for. It sounds like they made a fair wholesale offer on it, with your do dads on it, they are probably going to put it up for a little over $2000 bucks as a used gun. That is just realities of the gun market, I don't often see people get their money back that they invest. Selling to a gun store, is no different than trying to sell something to a Pawn Shop, they buy low, try to sell high and meet somewhere in the middle. |
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Okay, maybe I am being ignorant. In my eyes $1,750 + $700 + $200 does not add up to $1,450 even if it is used, but maybe that's just me.
But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. Also, I wasn't expecting to get my full investment back dollar for dollar, but I also wasn't expecting to make $.40 on the dollar. |
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Okay, maybe I am being ignorant. In my eyes $1,750 + $700 + $200 does not add up to $1,450 even if it is used, but maybe that's just me. But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. A quick search shows it for $1500 at a couple places so it's not unthinkable |
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But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. Very few gun dealers are required to sign Minimum price sales agreements these days, and if you think DD is only marking up their guns by a couple of hundred dollars, you are going to be disappointed. Most gun shops these days, sell for a very small amount over cost, hoping to make up the profit on the accessories they are able to sell you, that is where the profit is, selling just guns is not a profitable business. You will often times find the guns on the manufactures websites are much higher than you can purchase them in a gun store. It has been this way for a long time now. If you look at it from a gun stores perspective, AR's are a dime a dozen now a days and the average customer will not spend premium dollars on them. |
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Quoted:
Okay, maybe I am being ignorant. In my eyes $1,750 + $700 + $200 does not add up to $1,450 even if it is used, but maybe that's just me. But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. Also, I wasn't expecting to get my full investment back dollar for dollar, but I also wasn't expecting to make $.40 on the dollar. It's like anything used and customized, you most likely will not get what you put into it back. Guns are not on the same scale as cars but the same general principles apply; you never see exactly what you put into it back when selling. If you really want to sell it then selling the scope separately and accessories separately may help. That scope has been going for $600 on the EE lately. |
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It's like anything used and customized, you most likely will not get what you put into it back. Guns are not on the same scale as cars but the same general principles apply; you never see exactly what you put into it back when selling. If you really want to sell it then selling the scope separately and accessories separately may help. That scope has been going for $600 on the EE lately. Yeah, I've had some interest in the scope and bipod already. I was seeing if I could sell it as a whole. If it comes down to it, I will sell it all separately. |
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Okay, maybe I am being ignorant. In my eyes $1,750 + $700 + $200 does not add up to $1,450 even if it is used, but maybe that's just me. But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. Also, I wasn't expecting to get my full investment back dollar for dollar, but I also wasn't expecting to make $.40 on the dollar. Well, you should. Keystone markup (paying 50 cents on the dollar) is a retail industry standard. Basically the bare minimum anyone would mark something up. It's so standard that if you say you're going to "mark it up a key" everyone will know what you mean. I average about 50% margin on everything and after overhead i'm left with about 3%. |
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People have been overpaying for even good ARs for quite sometime.....it's coming home to roost.
Many manufacturers will have to fall by the wayside before the market begins to stabilize let alone recover. Manufacturers and dealers want "OMG Obamas gonna ban 'em" profit margins and that will likely not happen for a decade if ever... Best thing to happen for the AR market would be major reform with regards to SBRs and cans... |
| $1500 is more than fair if you can currently buy the set up new for $2500-ish. How much do you think they are going to put it on their for sale rack for? I say, around $2000. Then they are either going to have to get real lucky and have someone walk thru the door looking for that exact set up or they will have to sit on it and show it to a lot of people. Every time they show it to someone, that salesman is making a salary. So every salesman that handles that rifle adds cost to it. Then, because the AR market sucks right now, they are going to get lowballed. Eventually, a year from now or more, especially in this political climate, they will take an offer of $16-$1700 on it and make a whopping couple hundred bucks on it. maybe...... |
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I want to move the rifle. I don't NEED to move the rifle. If what everyone says is true, I'll just keep the damn thing. Shops are selling new Daniel rifles for $1299, Hell Primary had new Bushmasters for $375 a few weeks ago. The AR market is saturated right now |
| You will be lucky to get 50 percent of value when selling to a gun shop. They will then try and sell it for 70 to 75 percent of value. They aren't going to pay the same amount as a private buyer. They still need to make it profitable for them. Same concept when selling a used car to a dealership. Not hard to understand. |
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I just stopped by a gun shop to see what they would appraise my rifles for shits and giggles. I showed them my DD M4V11 Pro and asked me what I would be willing to let it go for. Long story short, they wanted to give me ~$1,500 for the whole setup. Setup: DDM4V11 Pro Viper PST 2.5-10x FFP Atlas bipod Gen 2 MBUS I knew going in that they were going to lowball me, but seriously?! They also claim that they sell their BNIB M4V11 Pro's in their shop for $1,350. Please enlighten me on how you're able to sell rifles OTD for 60% of the MSRP. Note that this rifle is $2,099 as per the Daniel Defense website (they just marked up all of their rifles by roughly $200). Gunbroker usually lists them around the $1,750 mark. Am I being ignorant? Is it really worth $1,500? I honestly don't see how it's even remotely possible. I realize they need to make money too, but I'm hoping nobody, including myself, bends over and spreads their cheeks. 
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Quoted:
Okay, maybe I am being ignorant. In my eyes $1,750 + $700 + $200 does not add up to $1,450 even if it is used, but maybe that's just me. But them selling the same rifle for $1,350 OTD? I'd love to see the paperwork behind that one. Also, I wasn't expecting to get my full investment back dollar for dollar, but I also wasn't expecting to make $.40 on the dollar. Most places you're going to get 1/2-2/3rds blue book. Optics you'll be lucky to get 1/2. It doesn't matter what you paid for it, what matters is what its worth. |
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Shops are selling new Daniel rifles for $1299, Hell Primary had new Bushmasters for $375 a few weeks ago. The AR market is saturated right now PSA had a DD rifle plus a Legion SIG for $1999. Granted they sold out fast, but the fact that they even offered the deal... |
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So here is how gun sales work at many shops...
You buy a rifle for $1000.00. You stick another $1000 in optics and mounts and stuff on it. You have $2000 into it. The shop will resell your trade in. You may have paid $2000 total for it, but they cannot get anything near $2000 for used gun. The basic rifle itself MIGHT be priced at $750 or $800. The accessories take a HUGE bath. All the crap that is hanging on your rifle, even if its good crap, is only likely worth about half what you paid on a REALLY good day. So, your $2000 rifle is going to retail used for about $750 for the rifle and $500 for the optics and accessories, for a total of about $1250-1300. The shop is NOT interested in giving you $1250 so the rifle can sit on the shelf for 12 months and then sell for $1250. If you are trading the rifle in on something in stock, you may get 80% of the resale value. 80% of $1500 is $1200.00 trade in value. If you want cash, you'll likely get closer to 2/3 resale value. So your $2000 rifle is now worth $1000 cash. This all assumes there is a good market for your rifle. Got an original JM marked marlin 336 in .35 Rem? Those sold for$300 but now sell in beat to shit condition for $400 all day long. Demand is high. Unfortunately, AR15;s of any flavor aren't selling well. Since Hillary lost the election, panic buying has dried up. Lots and lots and lots of used AR's are being traded in, and shelves are flooded. As a result, trade in value is LOW. if you are being quoted $1400-1500 for your setup, you are getting pretty good value. By and large most guns DONT hold their value, despite anything you've heard. If its brand new, in the box, never been fired its likely STILL worth less than new (unless its a discontinued model someone wants). Everyone wants a brand new, never been touched rifle (even if that doesnt make sense) |
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If its brand new, in the box, never been fired its likely STILL worth less than new (unless its a discontinued model someone wants). The reason 95% of guns have kept their value is the threat of a ban. Most people have never owned guns in a world where the threat of a ban wasn't looming. Basically since 1989. George HW Bush signed the import ban in 1989. Clinton had his AWB 1994-2004. You had a short time 2004-2008 when W didn't go after guns, but everyone knew he wasn't a staunch supporter. Plus ARs weren't nearly the market they are now. Obama got elected and all hell broke loose. OP should have tried to sell before November 8th. |
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The wrong person was elected president if you want your rifle to appreciate in value. Salad days are coming. MAGA Hell, garden days are ahead. The bottom just dropped out of the lettuce market. Downside is we'll probably see some smaller shops go out of business. |
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Before starting my company last year, I worked for a decently sized FFL and we'd take what our dealer cost was was on your V11, and would pay 70% of dealer cost for your gun even if it had 0 rounds through it. Also your FFP scope: you'd be surprised how little you'd be offered for a used Vortex optic as their profit margins are decent, and you might be offered $200 for that glass.
I remember selling a M&P10, Viper FFP scope, LMT 2 stage trigger, and B5 SOPMOD to a friend of mine and he came back in a month later to trade it in and he lost almost $900 on the trade. |
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You know what your rifle is worth, don't give it away.. The bottom fell out of cheap ar's and now they sell for basically nothing while exspensive ar's have remained priced high..
So you gotta wait tell people figure out no matter how many psa's they buy they will never be a daniel defense. The market moves in cycles and cheap rifles are in now and better ones aren't moving.. I.e. people think there just as good.. Thinking will go back the other way and people will want nice ones again, and the prices will reflect that. Don't think just because gun laws are not being attacked now that all rifles are not worth anything.. People are just buying up the cheap ones. Your scope is worth around $400, your rifles is worth about $1300. Don't take less, it does everyone a disservice. |
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You know what your rifle is worth, don't give it away.. The bottom fell out of cheap ar's and now they sell for basically nothing while exspensive ar's have remained priced high.. So you gotta wait tell people figure out no matter how many psa's they buy they will never be a daniel defense. The market moves in cycles and cheap rifles are in now and better ones aren't moving.. I.e. people think there just as good.. Thinking will go back the other way and people will want nice ones again, and the prices will reflect that. Don't think just because gun laws are not being attacked now that all rifles are not worth anything.. People are just buying up the cheap ones. Your scope is worth around $400, your rifles is worth about $1300. Don't take less, it does everyone a disservice. Hahahaha all that and then you finish by saying his gun and scope is only worth 200 more than the shop offered him. |
| Don't take this the wrong way, but you went to them, they didn't come to you. That was a very fair offer. I wouldn't have even given you an offer, because I don't like to insult people. I simply would have told you the date of the next gunshow and that you could make much more there than what I would give you. |
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You know what your rifle is worth, don't give it away.. The bottom fell out of cheap ar's and now they sell for basically nothing while exspensive ar's have remained priced high.. So you gotta wait tell people figure out no matter how many psa's they buy they will never be a daniel defense. The market moves in cycles and cheap rifles are in now and better ones aren't moving.. I.e. people think there just as good.. Thinking will go back the other way and people will want nice ones again, and the prices will reflect that. Don't think just because gun laws are not being attacked now that all rifles are not worth anything.. People are just buying up the cheap ones. Your scope is worth around $400, your rifles is worth about $1300. Don't take less, it does everyone a disservice. 
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Hahahaha all that and then you finish by saying his gun and scope is only worth 200 more than the shop offered him. I'm giving him an idea what they are worth on the used market, not that he couldn't get more, but that he is not crazy and $1500 is indeed lower than what it is worth. I think it's better advice than many just telling him he should be happy to sell it for less than it is worth and to suck it up.. To me that's rude and not true. P.S. gun shops will rip you off on trade in's or selling to them. |
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How many times have you relisted it now, 4? Your bids are pretty consistent; I'd take that as a pretty good indicator of what its worth as a package.
Also, I personally never bid on a reserve auction, and uaully exclude reserve auctions when I search GB. Thats just me of course; just sayin. 
Also, Slickguns is showing this in the $1400 range NIB |