Whats the process of selling your handguns

[FNFZ4]

Hi guys, I am thinking of selling some of my handguns to fund a shotgun. Whats the best route to take? Private Party? Sell to stores or Store consignments? Whats the process of Face to Face sale these days?

 

[Occam]

Hi guys, I am thinking of selling some of my handguns to fund a shotgun. Whats the best route to take? Private Party? Sell to stores or Store consignments? Whats the process of Face to Face sale these days?

All such sales have to go through an FFL or the MSP. You'll retain the most money if you sell directly to the buyer. Selling to a store or consigning will take a big bite out of your proceeds and/or your time in collecting the money.

Face to face means going to a store that agrees to facilitate the paperwork, or going to a state police barracks to get the ball rolling (with the buyer, and the handgun). Don't walk into the barracks with the gun! Leave it in the car and get some guidance inside. Your buyer will have to have an HQL and pass the usual background check and seven day wait - which means you will have two meetings with the buyer.

 

[Point 357]

I'm in the same boat, except I might/will need to sell some to finance medical care.

If you opt to sell to a gun type shop all they'll offer you wholesale value.

A consignment sale will net you around 20% less than the actual sale price of the gun.

Internet sale options... I have no idea. I think the fees and shipping cost would make this option a hard NO for me. So, I'll be watching this thread for the real knowledgeable responses.

 

[Darkemp]

MSP transfer- cheaper transfer cost for buyer, however you have to personally meet up twice, once to initiate at barracks, second time to actually give handgun to buyer.

Using a local FFL- higher transfer costs, however you only show up once, get cash same day, and buyer only returns to FFL to complete process after 7 day wait. This is the best way, and you can list what you have for sale (after 50 posts) in the Classifieds here then coordinate meetup at FFL. Good idea to reach out in advance to an FFL you would want to use to know transfer pricing, hours, etc.

 

[Biggfoot44]

Fastest - Sell outright to Dealer . Get 2/3 of used retail value ( or less if your gun is overstocked , or slow demand)

Easy - Consignment . Percentages vary , but the right shop will often move quickly

Direct - MDS classified or the bulliten board of your Gun Club are best bets. Process outlined above.


If something rare or collectable , let us know more .

 

[FNFZ4]

All such sales have to go through an FFL or the MSP. You'll retain the most money if you sell directly to the buyer. Selling to a store or consigning will take a big bite out of your proceeds and/or your time in collecting the money.

Face to face means going to a store that agrees to facilitate the paperwork, or going to a state police barracks to get the ball rolling (with the buyer, and the handgun). Don't walk into the barracks with the gun! Leave it in the car and get some guidance inside. Your buyer will have to have an HQL and pass the usual background check and seven day wait - which means you will have two meetings with the buyer.

Hey thanks this is awesome.

 

[FNFZ4]

Fastest - Sell outright to Dealer . Get 2/3 of used retail value ( or less if your gun is overstocked , or slow demand)

Easy - Consignment . Percentages vary , but the right shop will often move quickly

Direct - MDS classified or the bulliten board of your Gun Club are best bets. Process outlined above.


If something rare or collectable , let us know more .

No I dont have something rare or collectible. I have a Glock 26 and a Sig SP2022 that I might sell. leaning towards the glock as I never really did like they way glocks shoot for some reason. but thats another topic. I want to sell one to fund a shotgun purchase.

 

[DutchV]

Call around your local shops. Consignment rates vary by dealer. I've seen them as low as 15%. And you don't have to deal with the buyers.

 

[joppaj]

No I dont have something rare or collectible. I have a Glock 26 and a Sig SP2022 that I might sell. leaning towards the glock as I never really did like they way glocks shoot for some reason. but thats another topic. I want to sell one to fund a shotgun purchase.

FWIW, sale of a used Glock 26 isn't going to buy you much of a shotgun. For people who are blue label eligible (that's a lot of people) that gun is about $400 plus tax brand new.

To answer the question, consignment is the easiest if you have a good shop. They do all the work, you collect a check eventually.

 

[Jakers07]

FWIW, sale of a used Glock 26 isn't going to buy you much of a shotgun. For people who are blue label eligible (that's a lot of people) that gun is about $400 plus tax brand new.

Using this same logic, I've never sold a single gun to buy another.. The unsettling feeling of not getting top dollar leaves me thinking I'll just keep the dang thing.

 

[bratgirllcp]

All such sales have to go through an FFL or the MSP. You'll retain the most money if you sell directly to the buyer. Selling to a store or consigning will take a big bite out of your proceeds and/or your time in collecting the money.

Face to face means going to a store that agrees to facilitate the paperwork, or going to a state police barracks to get the ball rolling (with the buyer, and the handgun). Don't walk into the barracks with the gun! Leave it in the car and get some guidance inside. Your buyer will have to have an HQL and pass the usual background check and seven day wait - which means you will have two meetings with the buyer.

^^^^Good Advice

 

[FNFZ4]

^^^^Good Advice

I concur. I love to sell it privately but where do I sell it? 50 post will take me a long time. I am not here often.

 

[Mightydog]

I concur. I love to sell it privately but where do I sell it? 50 post will take me a long time. I am not here often.

Well let’s see 6 posts in 5 1/2years you’ll hit 50 in about 40 years so you can sell it as a C&R! Good luck.

 

[Bullfrog]

No I dont have something rare or collectible. I have a Glock 26 and a Sig SP2022 that I might sell. leaning towards the glock as I never really did like they way glocks shoot for some reason. but thats another topic. I want to sell one to fund a shotgun purchase.

What caliber SP2022?

 

[HRDWRK]

The OP says DC Metro!
That may change a few things.

 

[Bullfrog]

The OP says DC Metro!
That may change a few things.

Good catch.

I think that means MSP can't do the transfer since it's interstate, correct?

But he should be able to bring it to a MD FFL. Or VA FFL if the buyer is from Virginia.

 

[Biggfoot44]

Or ;

Since this is a Maryland based Forum , and he implies DC metropolitan area , putting 2 plus 2 would imply PG or MoCo .

*************

We mostly semi- friendly , and like to talk gun stuff . Start a thread each about your experiences with each handgun , your aspirations for new shotgun , seek advice for choosing new shotgun , ( but please avoid Birdshot vs.Buckshot ) , and comment in several existing threads where you can constructively add .

You'll get 50 posts inside a week without being a hole or creepy .

Oe join gunbroaker .

 

[Hibs]

A comment about using MSP, yes you have to meet twice, first meet up at the MSP barracks. But second meetup came be anywhere. Heck you can have buyer come to your house if you want. So it’s not that bad of a setup.

 

[Jake4U]

Since the goal is a shotgun, and not knowing what you're looking for, you could also advertise WTT here on MDS. Or advertise WTT/WTS. I've done a couple of trades here. Still need to go though the paperwork and would make sense to do both through a local FFL.

Both parties would do their research to be sure it was a swap they're comfortable doing.

 

[Magnumite]

You may get more for the Glock as a parts gun. But the outcome of the 80% law on the state legislature’s floor now will certainly affect that possibility.