I can see the owner's side, BUT when it comes to buying used guns from people, gun shops should have a big jar of vaseline on the counter to make it easier on the customer. I know they have to make a profit, but buying a shotgun for $400, then selling it for $1000 is a scumbag move. What do they do to make the gun ready for sale? Make a log entry, put a tag on it, and put it in the case. I once bought a brand new Glock 26 for $525 and only owned it two weeks before bringing it back to the shop for a sale. I had put brand new Trijicon's on it, and the gun had exactly 100 rounds through it. He offered me $100. I asked him why it was so low, and he said 'I have to make a profit". He would have given me my $100, slapped a $500 tag on it, and made $400 in about 30 seconds. I have walked out after a guy got low-balled on a sale and offered him cash on the spot, though I wouldn't do it in the man's shop.
You need to look at it from the gun shops perspective. Yeah, he may turn over that shotgun for 1000 dollars. HOWEVER, it may take that gun shop 3 or 4 YEARS to turn that shotgun over. During that time he has 400 dollars tied up in a high value item that he has to pay taxes, storage costs, and insurance coverage coverage for. After 3 or 4 years that supposed 600 dollar profit may actually be break even or a loss. It's a gamble every dealer makes when he takes in a used gun. Before the internet, a dealer who was too generous usually ended up going out of business, today with the internet the smart ones can get wider coverage for a high dollar item and hopefully turn it quickly enough to make a profit. However, it's still a gamble and it's his money he's betting.
Personally, it's been my experience that dealers in items like this will usually only offer about 35-40% of the market value for a used item. It's one reason why I don't do trade-ins, you just get hosed. I've found it's much better to either just keep my older items or put in the effort to find someone who wants it.
I can see the owner's side, BUT when it comes to buying used guns from people, gun shops should have a big jar of vaseline on the counter to make it easier on the customer. I know they have to make a profit, but buying a shotgun for $400, then selling it for $1000 is a scumbag move. ( Are you buying or selling? what about the NIB Pre 27 that is inherited.. with no investment that is just sold at the gun show for $1400.00??)What do they do to make the gun ready for sale? Make a log entry, put a tag on it, and put it in the case.
And pay rent/mortagage,insurance,utilities, light, heat, airconditioning,phone,assorted state, county and Federal license fees, supplies from pencils to paper,copiers toner,landscaping, security system and monitoring, Oh yeah the employees... Wages, Social Security, Unemployment, Medical vacation pay... Holiday pay, when the store closes ( Christmas.. Fourth of July, Easter, and on and on and on..
I once bought a brand new Glock 26 for $525 and only owned it two weeks before bringing it back to the shop for a sale. I had put brand new Trijicon's on it, and the gun had exactly 100 rounds through it. He offered me $100. I asked him why it was so low, and he said 'I have to make a profit". He would have given me my $100, slapped a $500 tag on it, and made $400 in about 30 seconds. I have walked out after a guy got low-balled on a sale and offered him cash on the spot, though I wouldn't do it in the man's shop.
Now I agree $100 is an insult..but that was his offer and you did right by not selling.. as you discribe the gun his offer should have been around $300.0 or so... Remember.. once it leaves the shop it a USED gun.. with one round through it or 100.. and the dealer cannot buy a used gun for only a bit less than he can buy wholesale new.. That $525 Glock retail probably cost him around $430.00 plus shipping etc..
Thank you for allowing me to join in the discussion..
The store owner could lose his license if he permitted a private transaction in his store.
You handled it WRONG...on many counts.
I think it was just a misunderstanding. I would not have offerd a price to the seller while the owner was dealing with him in his store. It was just in conversation, that I made the comment to the seller. I have been in that store several times. I understand where he is coming from. I will be back again and most likely buy something. Most of my guns are purchased at local stores. I was just venting last night. It's all good.
I've found throughout the years that it's best to establish a good relationship with your ffl / lgs. They'll be the first to handle your incoming firearm and if you do business with then long enough, they will recognize your name on the invoice and treat said firearm with you in mind, good or bad. You will then pick it up, pay the fees, fill out the forms, and sometimes you'll see the exact same gun in their rack or glass case and he'll say nothing about you not supporting his store, or he'll say something, and all he gets is a lousy $20 for the ffl fee, but he'll shoot the **** with you just the same, if you get along.
Extremely bad form. If you pulled that stunt in my shop you'd get thrown out on your ear if you were lucky there wouldn't be a boot up your behind...
What if he didn't know any better?...