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Posted: 1/14/2006 3:39:12 PM EDT
I have a new Gemtech Halo suppressor I would like to sell. What are the steps in completing a consignment sell with a ClassIII dealer. Also, any recommendations for a Class III dealer in Colorado.

Thanks for any information.
Link Posted: 1/14/2006 3:57:58 PM EDT
Your best bet is to sell it yourself. If you try to sell it on consignment at a local Class 3 dealer's shop, you'll have to transfer it to the dealer first (which will cost you $200 up front.)
Link Posted: 1/14/2006 7:35:22 PM EDT
If you sell it to someone else in your state, you won't need a dealer to go through.
Link Posted: 1/14/2006 9:48:17 PM EDT
I think his intent on using consignment is to:
1.) Reach a larger market.
2.) Not have to deal with asking about it.


I would suggest trying to sell it here in the NFA EE. You can specify an in-state buyer only (no need for a dealer to transfer it) or even deal with out of state shipping if you want. Shipping out of state would be very unlikely unless you had a ridiculously low price, since $400 in transfer taxes would be involved.

For example:
New HALOs have an MSRP of $675 + $200 = $875. If you sell it in-state, you could probably get $550 for it, and the buyer would be into it for $750. If you try and sell it out of state, the buyer would be looking at $400 in taxes, which means he wouldn't buy your suppressor for any more than $350. That means his total outlay is $750. If you tried to sell it out of state for $550, it would cost more than having the buyer order one through an in-state dealer and save the extra $200 transfer tax. Follow?
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