How Much Do Gun Stores Pay for Guns? Get the Best Price for Your Firearm
How Much Do Gun Stores Pay for Guns? Get the Best Price for Your Firearm
How Much Do Gun Stores Pay For Guns? Get the Best Price for Your Firearm
Depending on the size and location of the gun store, you can expect a gun store to buy your gun for around 50% to 65% of the gun’s retail worth. If the gun is common it will be worth less and more on the 50% end of the range. If the firearm is rare, less common, and collectible then expect to be paid more toward the 65% end of range. There are some unscrupulous gun dealers that take advantage of uninformed gun sellers. Dunlap Gun Buyers and cashmyguns.com has years of experience valuing the price of guns and has built a reputation on offering the best price on used guns. See our reviews. Contact us to find out what what your gun is worth.
How A Gun Store Determines The Value Of Your Gun
The condition of your gun will determine its value, in fact, condition is the number one factor in determining the value of guns. Think of a gun’s condition as grading on a scale from Perfect Condition, which means like new in the box, down to Very Good, Good, Fair, and Poor, which is a gun that has lost most of its finish, is probably scratch and nicked, and looks worse due to wear and tear.
Lets look at a typical example of the offer a gun store will make to a prospective gun seller. This all depends on the particular dealer, of course, but most gun stores will offer you 50% to 65% of used retail price. For example, you have a firearm that is valued at $500; 50% of $500 is $250. You will get $250 for your firearm valued at $500 on the low end of the scale. On the high end of the scale, you may get 65% of the value or $325. If your firearm is desirable and possibly a quick resale, the gun store may offer 65% to 70%, since they know they will sell it fast.
At Dunlap Gun Buyers and cashmyguns.com we help educate gun sellers on the value of their guns and we offer the best price the market will allow on your used guns. Want to know the value of your gun? Contact us [link to form page] to find out the value your gun.
How Do Gun Stores Operate?
Gun stores owners know what type of guns sell quicker in their stores. It could be micro nine polymer framed pistols sell like hot cakes, compared to revolvers, which collect cob webs on the shelf and take longer to sell. If you have a hunting rifle and hunting season is approaching, this might be a good time to sell it to gun store that has a lot of customers that hunt. Certain shops will know what sells faster for them, and you as the seller do not know that. This could be why you are offered a low price on your gun. The dealer might have plenty of new AR15 rifles at competitive prices, so a gun store knows that your used AR15 is not going to sell fast.
Many times a gun store will be hesitant to buy a gun they have a lot of on hand.
Politics of the time dictate value. If gun supply is behind demand a gun store is looking to stock his shelves with any guns available.
Gun stores won’t buy certain guns because they know the gun will be on their shelf for a long time. It could be guns chambered in unusual or odd calibers or an AR15 that someone Gucci-ed with a bunch of different aftermarket parts. Gun stores also stay away from guns that have been Bubba-fied, meaning the gun has beed customized or modified by an amateur and the result is sketchy gun at best.
We at Dunlap Gun Buyers and cashmyguns.com have low over head allowing us to offer the highest and best price for used guns. Contact us today! There is no obligation. We just want to give you a fair price for your guns. We also pay faster than other online guns buyers.
Are Gun Stores Profitable?
Most gun retailers, from small mom and pop shops to large box stores across the US, typically mark up firearms between 10% and 20% from their cost. A dealer actually makes less margin on popular models, because demand for these guns keeps prices competitive. Brick and mortar stores also have to compete with online gun sales.
Profit margins are small on guns. Typically a gun store will make 10% to 15% profit on firearms. On new guns profit is low, on used guns the profit can better depending on what the gun store paid for the gun. Hence the reason why they make a low offer on your used gun.
The profit of ammo sales is about 5% to 10%. Most gun stores know that most of their profit is in shooting accessories, which usually bring a 15% to 25% profit. Many customers buy online to save a few dollars, and that cuts into the profits of a retail, brick and mortar gun store which needs to pay overhead.
Types Of Gun Stores
Gun store range in size from small local mom and pop shops to large national box stores. Small mom and pop gun stores typically do not have a lot of customer traffic. The reasons for this could be the gun store is located in an inconvenient location or the small gun shop can not afford to buy and hold an inventory of new and used guns to attract customers. Do not expect to get top dollar at smaller shops. If the shop is reputable they should let you know what your forearm is worth. Many times small guns stores are a wealth of knowledge and have experienced people working for them that know the value of guns. You may need to shop around to several small gun stores to get the best price.
Mid-size stores offer more inventory. Many do not deal in used guns. They prefer to sell new guns. If you do find a mid size gun store that sells used guns, they have more leeway to purchase used guns than a small gun store, but they will still offer around 50% of the value of the gun.
Large box gun retailers may or may not buy used guns. Like mid sized gun stores, large box stores prefer to sell new guns because it is easier for them to sell new rather than used. Typically a big box gun store hires staff that is not knowledgable about used or new guns. The guy waiting on you might be from the golf or fishing department and not be that knowledgeable about guns. Do not expect large big box gun stores to pay a lot for your gun.
Dunlap Gun Buyers and cashmyguns.com know gun values and we are committed to educating gun sellers about used gun values and pay used gun owner top dollar for their guns. Our process is fast, legal, insured, and offers gun sellers peace of mind when selling guns. Contact us for the best online cash for guns service.