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The Water Cooler
General Discussion
Gun Show Dec. 31, Jan. 1 at the OKC Fairgrounds
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<blockquote data-quote="Nighthawk" data-source="post: 1686728" data-attributes="member: 3906"><p>That is a very good question. </p><p></p><p>I do not take trade ins unless it is something really cool, or a Colt that I may want to add to my collection. That is just me.</p><p></p><p>A very good rule of thumb when taking items in on trade or buying an item as a seller is demonstrated on the Series Pawn Brokers or Traders. You will notice that he usally give 1/2 of apprasied value. Why, it is because he now has to market a used item, working or not, he has overhead to pay to clean up, make repairs, advertize, rent space etc. to sell that item. </p><p></p><p>In most cases with firearms, the item the customer is selling is one that is not what others want, or the customer wants because he is getting rid of it. So that item will sit on the self with the vendors money tied up in it, sometimes for years until he finds a buyer that wants that weapon. That vendor can on the other hand purchase a new weapon that everyone wants from a distributor, and sell it fast getting his money back to do it again.</p><p></p><p>My problem in the past has been paying too much for a used weapon or taking it in on trade for too much and I end up selling it at a loss to me.</p><p></p><p>Using a gun Bible or blue book assessing the condition of the weapon, then giving 1/2 of the value is common practice. If you want more sell it as a vendor, rent a table at a show and sell all your weapons that you do not want any more. Or walk around the gun show and try to sell it to others, not vendors. Or place an ad on OSA or Armslist. You will find that if your weapon is priced to high it will sit, if you price it too low it will sell fast. If it is something like a High point, Jamenez, or RG good luck, because most people do not want to spend their money on them, unless they are looking for something and they have very little money to work with, or they do not know what they are. </p><p></p><p>I hope this helps.</p></blockquote><p></p>
[QUOTE="Nighthawk, post: 1686728, member: 3906"] That is a very good question. I do not take trade ins unless it is something really cool, or a Colt that I may want to add to my collection. That is just me. A very good rule of thumb when taking items in on trade or buying an item as a seller is demonstrated on the Series Pawn Brokers or Traders. You will notice that he usally give 1/2 of apprasied value. Why, it is because he now has to market a used item, working or not, he has overhead to pay to clean up, make repairs, advertize, rent space etc. to sell that item. In most cases with firearms, the item the customer is selling is one that is not what others want, or the customer wants because he is getting rid of it. So that item will sit on the self with the vendors money tied up in it, sometimes for years until he finds a buyer that wants that weapon. That vendor can on the other hand purchase a new weapon that everyone wants from a distributor, and sell it fast getting his money back to do it again. My problem in the past has been paying too much for a used weapon or taking it in on trade for too much and I end up selling it at a loss to me. Using a gun Bible or blue book assessing the condition of the weapon, then giving 1/2 of the value is common practice. If you want more sell it as a vendor, rent a table at a show and sell all your weapons that you do not want any more. Or walk around the gun show and try to sell it to others, not vendors. Or place an ad on OSA or Armslist. You will find that if your weapon is priced to high it will sit, if you price it too low it will sell fast. If it is something like a High point, Jamenez, or RG good luck, because most people do not want to spend their money on them, unless they are looking for something and they have very little money to work with, or they do not know what they are. I hope this helps. [/QUOTE]
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Gun Show Dec. 31, Jan. 1 at the OKC Fairgrounds
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