Shotgun prices achieved

[ChrisAsh]

Often wondered what actual price people sell their guns for against their advertised prices or what they get offered by a gun shop in exchange / sell

 

Take say a £2,000 new gun , thats made up of £1666.66 for the gun and £333.34 vat, so you buy it and then before you use it you sell it to another gunshop(you need the dosh)

 

Any gunshop would want to make say 20-30% profit that brings it down to £1332.8 to £1166.2 range plus vat and thats a gun that has not even been fired just brought and sold

 

I doubt many gun shops can hold large ranges of guns and not make at least 20% to pay their way

 

People also talk of guns appreciating in value, but are these real increases in value or just advertised sale prices (apart from Classic Old Guns)

 

For instance a very nice wood Beretta 686e with adjustable comb is advertised in a gun shop on here at £950 even if a few years old must have cost about £1700-2000 new, so assume shop brought it for about £650 and offers it at £791 +vat. From the image one trade sales the gun looks a dream with all you could ask for, so the question is do we kid ourselves that guns keep their value by looking at advertised prices rather than the price we actually do sell at, of do they really appreciate

 

Do we have any auction prices on say under ten year old guns to prove one way or another?

Edited October 23, 2013 by ChrisAsh

[Westward]

In your 1st scenario there's no doubt you'd take a big hit but consider what happened with my 686E. I bought it new in December 2006 and paid £1045. In january 2012 I bought a new Beretta (at a good price too) from a different dealer who gave me £900 trade in. Happy Days!

 

The 686E was in 99% condition and they listed it at £1250 - it was gone within 3 weeks.

[ChrisAsh]

I fully understand , but what price discount would you have had with no gun to exchange,

 

It can be the old trick of either giving a discount on the full price or giving the same amount on top of the buying in price

 

Your gun would have been sold at £1040 +vat, £140 profit is not a very good investment for buying £900 of stock just over 15% few companies could live on that sort of markup unless the profit on the new gun was far better

[Teal]

I fully understand , but what price discount would you have had with no gun to exchange,

 

It can be the old trick of either giving a discount on the full price or giving the same amount on top of the buying in price

 

Your gun would have been sold at £1040 +vat, £140 profit is not a very good investment for buying £900 of stock just over 15% few companies could live on that sort of markup unless the profit on the new gun was far better

That's not quite true. I believe on second hand guns VAT is only due on the "profit" from the sale, not on the entire original price that the Gunshop paid for the gun. So in your example VAT would be approx £70 on a margin of £350 and leaving a 'profit' of £280.

[webber]

That's not quite true. I believe on second hand guns VAT is only due on the "profit" from the sale, not on the entire original price that the Gunshop paid for the gun. So in your example VAT would be approx £70 on a margin of £350 and leaving a 'profit' of £280.

On the sale of used guns the shop pays 20% VAT on the difference between the purchase price and the sale price.

 

webber

[Westward]

I fully understand , but what price discount would you have had with no gun to exchange,

I only traded in the 686 because they offered a price higher than I expected and the new gun price was very competitive. I always do my homework where significant money is concerned.

 

They obviously wanted to do the trade, there was no reluctance at all. My guess is they had a buyer in mind because it was sold on in no time.

 

And they also gave me a good discount on 1000 shells.