How does expected resale factor into your gun buying decisions

[bushmaster1313]

For me, I am willing to put money into a firearm if I feel fairly confident that I will not lose too much if I turn around and sell, either soon after purchase or many years out.

For guns around $500, by definition the most I could ever lose is $500. More likely, the maximum loss would be 50% x $500 = $250. On guns like this it is easy (sometimes too easy) to pul the purchase trigger.

For more expensive guns, I try to think in terms of percentages. A potential 20% loss is the most I feel comfortable with. It would sting, both in the wallet and in my pride, but because I expect to enjoy the gun I will consider it like rent. Very few of the guns I have purchased were what I considered, for me, relatively expensive.

What does the rest of the Forum think.

 

[jeffsmith]

I Buy guns to Shoot

 

[Chuck24]

Buy guns I want or like, the thought of what they may be worth down the road never entered my mind.

 

[Ivan the Butcher]

Very few of the hundreds of guns I bought did I expect to make money on. Most of the guns I sold outright, I had long enough that I made money. But my Stock Market IRA is far more profitable!

The Bible talks of "Laying up treasure, and where moth and rust will corrupt it's worth." (the very loose translation) One would think Jesus was talking specifically about guns and knives!

Ivan

 

[Golddollar]

I buy guns for me and for the long term. What happens after I'm gone won't be my problem.

 

[bgrone]

Resale

I tend to buy guns that will appreciate, but I don’t buy thinking to resell. I lean to used guns and avoid fad guns. I have only sold one gun since I started collecting, that was a 40SW Shield that I sold to a friend to prevent him from buying a *** for home protection. The Shield was a gun I could easily replace for what I sold it for.

 

[LVSteve]

Where is the "I don't give a rat's patootie one way or the other" options?

 

[chiefbob81]

Resale will be for my heirs to worry about.

 

[Glashaus]

I buy what interests me and what I want to own and shoot. I do not really care about value down the road or what it will be worth if I put it in the back of the safe and it doesn't see the light of day. Life is too short for safe queens and box and docs , never shoot em , collectems, more power to the accumulators and shooters!!!!!

 

[Long Barrel]

Dont worry!

Appoint a good executor in your will, then buy and enjoy what you want. If you have to justify the purchase on the basis of economic factors, you are not going to be very happy. If your spouse has to be convinced, you got problems.

I used to shoot tournament skeet. Many people showed up with $30K shotguns that were bought totally on ego satisfaction. Economically, they are a crappy investment.

 

[shouldazagged]

Never entered my mind. If I had money to buy guns now, it still wouldn't.

 

[Boudiepitbull]

As my little collection grows I find I'm beginning to be attracted to guns that also have a legacy or heirloom quality to them besides being shooters.

 

[muddocktor]

I buy what appeals to me and really don't worry about depreciation or appreciating in value.

 

[Mike SC Hunter]

Your poll left out an important question. Do you buy guns because you like them and use them with no intent to sell?..........That's me.

Why would you buy something? Worry about it's value +/-? You can't enjoy it if you do.

 

[rockquarry]

I buy to shoot but occasionally sell or trade for something else. While it doesn't always happen, I hope to wind up with something that will retain value well and that others will want should I decide to part with it.

This will often require spending a few dollars more initially, but over the course and at sale time, it's all worth it. An example might be the purchase of a Colt product as opposed to a copy of a Colt product. Or, the purchase of a steel pistol over a polymer model.

 

[rwsmith]

How can you put a value on this?

I hope I never have to sell any of my guns. If you don't intend to sell them later, it really doesn't matter how much you pay as long as you are happy with it.

It's like the ad I saw that said diamond engagement rings were a great investment. Who plans to cash in their ring??

The only reason I don't want to pay a high price is because I don't have any money.

 

[ericrlarson]

Unfortunately I never consider resale value. I’ve lost money on sales because I was impatient and needed the money, not really because the gun was worth less. Having to sell a gun never really crosses my mind at the time of purchase. But I’ve only sold a few over the years.


Sent from my iPhone using Tapatalk

 

[TTSH]

I would hope that if the questions were asked a little differently the results would show fewer members (at least something less than the majority ) so anxious to throw away their money on guns likely to have little or no enduring value. That usually tells me there was little real value there to begin with.

Anyway, been there, done that and I didn't think it was all that much fun. In fact, I felt as if I had been zinged. So no more bad buys for me. I just don't have the money to throw away on guns likely to be on a steep downward trajectory.

 

[LoadedRound]

Buying a gun is an investment in my happiness. I have rarely sold one. If I did and made a profit.....that's fine. Not required.

 

[Muss Muggins]

E: Not a factor at all . . .

Edit: Kinda like my dad with me and my brother, disposing of my firearms will be something for my children to concern themselves with . . .