Guns are a durable good, and like plenty of other durable goods, there is a second-hand market that you can sell your gun to should you decide it’s time to move on. However, if selling your gun, prepare to lose money on it.
Despite the fact that they’ll last decades with care, guns tend to lose value over the long run and never really regain it, except for certain models. Your best hope, therefore, is a fair price and a quick sale.
Selling Used Guns Is A Little Like Selling A Used Car
For the person doing the selling, selling a used gun is kind of like selling a used car. In fact, the two compare pretty well in certain ways. Obviously not in price, function and so on, but the principles of selling a used car and a used gun are pretty similar.
You’re going to lose money on a car in almost all cases, period. Yes, yes, depreciation is different by the model (the more expensive the car, the worse it depreciates) and so on, but you will receive less for the asset than you paid for it, except in special circumstances. Cars, from a financial perspective, are losers.
Guns are much the same. Once you drive them off the lot (i.e., buy them and shoot them) they are worth less than what you paid for them and in perpetuity. Heck, even new-in-box guns that are a few years old aren’t worth as much as they were when brand-new.
Used Guns Only Increase In Value If They’re Valuable
Read More: Trading Up: How To Make Your Gun Trade-In Worth It
For instance, the classic cars that go for astounding amounts of money tend to be rare and desirable, to begin with. A 1971 Hemi ‘Cuda convertible, for instance, is very rare (only thirteen were made; only seven were sold domestically) and as such commands a seven-figure price tag. Ditto the Ferrari 250 GT California. By contrast, no one gives a darn about a Chevy Vega.
Guns are much the same.
A Remington 870, even in pristine condition, is worth about as much as your shirt, unless someone famous owned it. By contrast, Heckler and Koch P7 pistols command prices upward of $4,000 for some examples despite being in production for almost 30 years. A Holland and Holland sidelock double rifle will cost you darn near house money.
Both of the aforementioned expensive guns are desirable and relatively rare. The P7, while enjoying a long production run, is a unique pistol and wasn’t imported in high numbers to the United States. An H&H express rifle…is a bespoke firearm. It’s the gun equivalent of a Rolls-Royce. In fact, a new one costs about the same, and as it happens, there’s even a Holland and Holland-edition Range Rover. It’ll run you about $250,000 and includes a gun case in the cargo area (or as the Brits say the “boot”), but you have to buy the guns separately.
A Glock 19, on the other hand…you probably get the idea.
Read More: Tips and Tricks for Buying Used Guns