What is the typical resale value of handguns?

Question

What is the typical resale value of handguns?

Answer 1

General rule of thumb is 25 percent less then what you paid for it, as long as it is in good condition.



Paid $ 500.00

minus 25 %

payout $ 375.00

Answer 2

Gun Resale Value

Answer 3

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I have a safe full of pistols - some for target, some for hunting, some for bear protection, and several for concealed carry. I prefer the Walther PPK/s when wearing a business suit. Today, the PPK/s is made in Maine by S&W for Walther, Germany - they got the contract in 2002. Before that, they were made by Interarms for sales in the US. The Interarms ones are nice. The 2002 to Feb 2009 PPK/s were recalled due to one report of an accidental discharge. You can read about it on their web site. Neat thing - S&W stopped production in Feb 2009 to deal with the recall...... and in Sept 09 Walther Germany reminded them the contracted stated they needed to produce at least 60 pistols a year. In a panic, S&W assembled a team of master gunsmiths and produced 60 handmade ones - called 'Allocaton Pistols' - 30 went to top distributors on the east coast, 30 to the west coast. At the time I had been searching for one for my wife - and I happen to luck into one of the west coast allocation pistols. The PPK/s is an excellent investment. Used, with the box, you can sell it for about what you bought it for after just 3 years. Not many pistols have that kind of resale value or product recognition. You happen across one of the remaining 59 - you can expect to see a big 'bump' in blue book price since they are in the same catagory as pre-64 Winchesters. Big upside to the PPK/s besides being a good investment - all the major leather companies like Galco and Bianchi make excellent model holsters to fit any need and body frame size. The PPK/s fits perfect in the Galco 'Defense Planner' and 'Personal Agenda' - these look like typical dayplanners but have a separate compartment for the pistol and 1 mag. Another upside to the PPK/s - I have been buying, selling, trading pistols since 1976 - never seen one jam. Ever. This is very important in a semi-auto - and expecially if you live someplace where it is impossible to easily test fire your pistol or parctice like in New York!

Answer 4

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RE:

What is the typical resale value of handguns?

I'm thinking of getting a $500 Glock handgun for fun. If I need to sell it someday, what resale value can I expect?

Answer 5

Think of it from the buyer's perspective



Item A is a brand new Glock, which if anything goes wrong, the store is going to address the problems, or Glock itself will. Price $500



Item B is what appears to be a lightly used Glock, sold to you by a total stranger who may or may not have tinkered around inside, may or may not have abused the gun, may or may not have legally purchased the gun in the first place, etc etc for $450



In my experience most people will pony up the extra $50 to get new.



Think of it more as a $550 new and $400 used and you have a better ballpark. Note, a buyer would expect to pay $400...at a gunshow or add in the paper. If you sell the gun to a gunshop, as they are really middlemen, they are going to want a cut and will probably only offer you $300 for it.



The other thing to realize is that money inflates. By that I mean when Grandpa was a kid, a bottle of Coca-Cola cost him a nickle. I remember when a can of Coke would cost 50 cents in all the vending machines, now 75 cents or 80 cents is the going price.



Well, luckily for you, guns tend to go up in value right along with inflation, and few other items do. A glock bought in 1985 was probably bought for $300, and lightly used would probably sell for $400...just like a new one bought a year ago woud. However, a TV or a VCR or a cordless phone or a stereo or a computer or whatever bought for $300 in 1985 and lightly used, what would you be able to sell that for? maybe $10 at a garage sale?



This makes guns a reasonable long term investment. Not a super great investment for you to retire on, but after you take into account the initial price drop between new and slightly used, the gun will hold it's value over time.

Answer 6

Glocks tend to hold their value. They're nearly indestructible and their customer service is second to none.



My wife bought a used G-19 some years ago. It was pretty beat up, probably ex-police or even range rental. When, after a few thousand rounds, it reached a point where my skills couldn't keep it going, we sent it to Glock and, for about $50, they completely refurbished it. It came back looking and shooting like a new gun. She's put thousands more rounds through it since and it just keeps on keeping on.



(For reference, SIGARMS charged about $200 for a similar service on a P239 that started out in much better condition.)



Other things (like the political climate and supply & demand) held equal, I would expect a Glock to hold its value well and to sell used for not a lot less than you paid for it -- maybe even more, if enough time passes and you have Glock refurbish it first.

Answer 7

It will decrease in value slightly, then stabilize, then increase. Unless Obama gets reelected, then you can get a grand for it out of the trunk of you car.

Answer 8

Resale of a firearm is based on a number of factors like, condition (both mechanical and finish) and demand of the market. If you keep it clean and oiled and don't shoot it you should get back what you paid in the short term. If you keep it clean and oiled and don't shot it you might see a gain in price over the years. If you take it to the range weekly and run a box of ammo through it for years the firearm will lose value, but you should be a very good shot.

Answer 9

It would be impossible to give a typical scenario. However, a $500 Glock today that had been used gently and cleaned regularly, with no sign of wear, could still bring $450 easily.

Answer 10

yup, depends on how well you maintain it, how much use, age, if going through a dealer demand could be a deciding fact...

Answer 11

It depends on the model and condition. Glock is already on their 4th generation of pistols which to some make the previous models more or less obsolete. I think that Glock will continue to make new generation pistols making the older models less desirable. Generation 1 Glocks are getting hard to give away. Unlike steel, plastic gets worse with age.

Answer 12

Very close to what you paid, if not more than what you paid, depending on inflation, political climate and how well you care for it.



For example... A Glock 22 sold for $450 about 10 years ago. Today, a new one will sell for $550. Even the used ones still sell for about $450 if they're in good shape. Now lets say Semi-autos get banned but some overzealous liberal democrat (i.e. Obama, Biden, Pelosi) then your value will skyrocket.



To give you an idea, I bought a Yugoslav AK for $500. At the height of the Obama craze, they sold for $2000 in some places. A complete AR used to sell for $700, now they fetch over $1200 just because Obama got elected.



EDIT: I don't know EVERYTHING about guns, but I know one helluva lot. One thing I know inside and out is prices. These thumbs down only proves one thing... Be careful who gives you info on Y!A, because a lot have no idea what they're talking about.