Gun Store Vlog 30: Consigning vs Selling Your Gun to a Gun Store
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- Опубликовано: 1 авг 2024
- Gun Store Vlog #30. Should you consign or sell your guns to your local gun store? Which one will make you more money? Are you willing to wait for them to sell?
If you have any questions you would like to have answered in a vlog? email me at: cwing@marksmanshooting.
Please check me out on Instagram @marksman_tv 
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Than you for the information. I really appreciate how you take the time to explain things. Great upload.
Great explanation! Chris is an honest and fair gun seller. I recently traded a handgun chambered in the not so popular 40 s&w for a much more popular 9mm model. Not only is his regular prices very competitive but that piece was on sale that day at a killer deal. In addition, his offer for my gun was very fair! I don’t know how he does it but you will be in good hands doing business with him! Thanks again Chris!
Who are you
Must be lucky to have a fair gun salesman like him near to you! Most gun stores will rob you blind! And lowball you like crazy!
Awesome informational video. Something else to throw in as you are talking about margins that many people don't understand: discounts come directly out of your net. If you are at a 20% margin and give a 10% discount, that is half of the gross profit on the sale and likely all of the net gone. Discounts that look small to the customer can be HUGE at removing profits from your business.
Very helpful, Thank you.
This was very educational. Thank you.
Hello, Ted from Texas here. Good educational video. I've been playing with guns for nearly 30 to 40 years now. I may be educated in dealers , but there's a lot of people out there that don't know . Good thinking to do this video. See you in the next video.
Excellent video gun stores are very expensive today and they don't care about selling you a gun they ratted you traded in and get something that they have there whether it's new or use you always lose money same with cars boats whatever you buy today these people are just too greedy they take advantage of you they sell more guns today than cars so your best bet if you don't have to sell it or trade it or you don't want to use it just keep it in the safe you never know when you need it again you just lose money and you're giving it away you could sell it private and make more money providing your state issues carrying permits or gun sales make sure you get it written receipt and get it notarized in case something backfires
Very educational video I recently inherited a fairly large collection and along with the guns I already owned it’s a little ridiculous I’ve been thinking about selling some of them and this is helpful as I have never sold several guns at once
Great Video Thank you .
Auction is the best choice for high value arms. They get marketed to a much broader audience and high end buyers.
Ive been looking at how to get into the firearms industry, just not sure where id fit in and whats the most profitable. Any suggestions?
~I look for the consignment firearm of the kind I'm looking for and I'll buy it when the price is fair. That way I give the Shop some money and help a fellow gun owner by putting more money in their pocket.
How long do consignment agreements usually last? 30, 60 days.....
Consignment business (California) requires a Second Hand License and comes with bunch of other rules. If the gun shop buys the firearm from the seller - is that considered PPT? Also, by the gun shop buying the firearm, which regulations does it fall since it’s not considered a consignment anymore. It’s not a pawn shop either since the gun store is buying it.
So how much would a 1500 product would be brand new by the way.
I have 39a Marlin lever-action 18 almost perfect shape fires great it's New Haven Connecticut to 22 S L A Scott serial number G 2084 that's behind the trigger I want to see how much I can get out of it
If it’s got a visible profit
I avoid consignment at all costs unless the customer is adamant about selling
And it’s at a unrealistic price
The problem I have a consignment is
What if there’s a firearm on consignment from a customer and then another customer damages it and refuses to pay for it (this has happened)
Things have evolved since then and now It needs to be the super rare once-in-a-lifetime opportunity to have a firearm in the shop that I would normally never get but the customer won’t come down on his price but it’s still a sellable price there’s just no profit to be made if I were to pay out right for it (like I said very rare cases)
Am I able to cancel a trade if it was in the process?
Go to a big name Auction House with enough guns to keep the Auction House charge down. If you have only one or two guns, or junk, just take the beating.
I know this is old but I have a question (or a few) if you happen to see it ... I inherited a large collection of firearms and did consignment with a "friend" of mine. An FFL who runs a home shop. He totally screwed me. I never got proper documentation of any transactions. He made a spreadsheet where he would just enter in the sales prices, what he claimed he sold them for. Then I left about 100 boxes of ammo and he didn't log them. Never added them to the spreadsheet even. Just gave me $175 one day when I asked him why isn't the ammo selling. On top of everything, he made me pay $10 a piece for each gun that I picked up after months of sitting there and nothing else selling. So he charged me $70 to get my 7 leftover guns back because he said he had to run background checks, yes, checkS - last I checked, I am only one person and to run me 7 times, for 7 items, made absolutely no sense to me. But yeah, he said he had to run me for each one, $10 per background check, per gun, to allow me to take them back. ... Obviously, I learned a lot from this experience but I just wondered your thoughts and knowledge - is there anything I can do about this? About the money I know he stole from me. And the background check, for each gun, is that an actual thing?
Thank you in advance!
How much percentage do shops normally buy firearms at for CASH? I got clean glock 19 gen 3 I'm trying to sell to a shop
It always blows my mind why people do Consignment. Selling to a gun store has a purpose (you need instant cash). But if you can afford to wait I wonder why people don’t use GB or Armslist. I suppose the older generation is intimidated or scared of getting scammed because they don’t understand how safe it is.
Whats GB?
GB is a joke.
Gunbroker.
Typically, what are a stores profit margin on a used firearm versus a new firearm?
New, usually 8-15%. used, usually 25-35% depending on the store.
clear that between trade money for nothing
I have had quite good luck with listing my personal firearms on Armslist, to sell locally. As long as I price accordingly, I have sold 6 of 6 firearms that I have listed there. The only issue with that, is you have to make sure the buyer has the proper credentials (CCW & Drivers License) if selling a pistol, and you also have to fill out the paperwork properly, to prevent yourself from legal issues that could arise if they ended up committing a crime with that firearm that you sold them. I generally find that selling myself is definitely the BEST way to get the best prices for your firearms.
Not a problem in Pa. We would just sell it to the person at an ffl location, after they pass the background check.
is there a backgrounding issue
for either sales or consignment?
like at pawn shops where theres
a thumbprinting and if the gun
is retrieved the original owner
has to pass bkgr?
First of all, there is no fingerprinting at time of sale. That's not how it works. You give information, not biometrics, about who you are, and it gets run through NICS, which checks that your right to own the gun is still intact. Then you are registered as the owner and walk out with your gun. The owner of the gun is now searchable through a database for law enforcement. This has been the case for decades, but anti-gun narratives make it sound like anybody can get any gun they want at any time. Not the case.
@@BeamMonsterZeus
you sell a gun to a pawn shop
they take your print to discourage
theives trying to fence stolens
No inventory check?
I didn't really have anything new worth sharing. On my Instagram account, I have photos of some of the "run-of-the-mill" stuff I have been getting in.
I want to buy my guns privately, and the only paperwork should be cash, maybe a bill of sale. I don't even need a driver license to buy a car in any state of the union, guns shouldn't be any different. If the government wants to make a outlaw out of me , then an outlaw I will be for excersizing my 2a rights.
Gun stores are willing to work on 15% for consignment sales????
Mine does 10%, and everything I have put on consignment has sold quickly.
I’m surprised at 10-15%. The cost of overhead for a business is unbelievably high, and 10% doesn’t seem like it would be worth it. Of course, I’m not in the gun business, so I don’t know the ins and outs.
@@annachrissy4874 Gun stores don't make much on selling new guns, 5-15% is pretty common. Their bread and butter is buying used guns and selling high. Consignment being used for higher value guns makes sense at the 15% margin since they're getting a decent chunk of money from the high value.
I really like your videos. Im a dealer but I have to make you aware your merchandising is horrible. im a student of retail and every video looks sterile. Lots of air space and too much white. Need some deco!