If you recently looked in your gun safe and noticed there are a few used guns you’d like to part with for some cash, you may be wondering how to price them to get the most for your money. Used gun prices can vary, so it’s important to follow these tips.
A few key factors to consider when pricing your used gun for sale include:
Research Your Used Firearm
The first factor is the make and model of the firearm. Different guns have different values depending on their manufacturer, age, condition, and popularity in the market. It’s important to do your research and find out what similar models go for so you can price yours accordingly.
What is the Condition of the Gun?
The second factor to consider is the condition of the gun. If it’s in great shape, you can get more for it than if it has seen a lot of use and wear and tear. You also have to consider any modifications you’ve made to the firearm, as these could add or detract from its value.
What is the Current Market Value?
The third factor to consider is the current market value. Look up used guns like yours on gun trading sites or auction sites and see what they’re going for. You may also want to search local classifieds and compare prices with similar listings in your area. This will give you an idea of how much people are willing to pay for a gun like yours.
Additional Fees for Selling the Gun
Finally, you should factor in any additional costs associated with selling the gun, such as listing fees or shipping fees. Make sure to include these costs when determining the price of your used firearm.
Pricing your used gun for sale can be a tricky business, and there is no one-size-fits-all solution. However, by researching the make and model of the gun, considering its condition and any modifications you’ve made to it, checking the current market value, and factoring in additional costs associated with selling it, you can come up with an accurate price for your used firearm.
Tips for Selling Your Used Gun
When it comes to actually selling your gun, follow these tips:
Do Not Sell to Felons
By using an FFL transfer, you can determine if the potential buyer is a felon. For this process, you give the gun to the FFL, and the FFL will require the buyer to submit the ATF Form 4473. This typically takes a few hours to complete.
Know the Laws for Firearm Transfers
Check the laws within your state for the rules regarding firearm transfers. These laws vary from state to state, so be sure to do your research. If you have any doubts, you should consult an attorney.
Sell Online Through an FFL
In many cases, you can find an FFL that will sell your gun on consignment. They will take a portion of the sale and will ease the issues of interstate transfers.
Visit Federal Firearms for FFL or Private Party Transfer
At Federal Firearms, we can assist you in selling your firearm and completing your firearm transfer. Contact us today to learn more!