Question for the gun experts?

Question

I just purchased a brand new SA XD-40 subcompact last week for $448, and have yet to fire it, or even really take it out of the box. Two days ago, I just purchased a Ruger SP-101 357 revolver, which I like much better. I wanted to return my XD, but the gun store said I would only get half of what I paid for it. So, if I were to sell it to somebody else, how much should I sell it for, and what process would I have to go through in order to sell it? I live in the state of Ohio.

Answer 1

25 to $50.00 dollars less maximum.* Just find a buyer, then have a transfer of ownership done by an FFL Dealer or at the store you bought it from.* Do not let them take possession of the pistol until this is done.*~

Answer 2

i'm in ohio also. id ask for $400. and seeing as though private firearms sales are legal, there really is no special process you need go through. you simply find a buyer and collect the cash. however common sence dictates taking precautions. personally i would ask the buy for his personal info such as name , address etc.i would also inform the place where you purchased the weapon that you no longer own it. i do this because the weapon is still in your name. when you ourchase a new weapon you fill out the fomr with questions. the salesman then gos to the phone and makes a quick phone call.  the phone call is to the fbi. this is the instant background check.you name is on record with the fbi as beiong the owner of the weapon. so you take the added precautions to clear yourself of any charges and liability should the person you sell it to commit a crime with it.i hope this helps.

Answer 3

If you dont need the money just keep the XD... Those are really nice firearms... The Rugers also nice but you cant compare the 2. Ones semi-auto and the others a semi-auto... Both a fine guns. Why Not Keep Both??

Answer 4

You should just keep it.

Your gonna be out $50 anyways

Answer 5

New in the box and never been fired should bring just a bit below what you paid for it.  I would expect that you should get at least 3/4 of what you paid for it if not more.  Of course, you cannot expect to get what you paid for it.  Would you pay an individual the same amount for a gun that you could get it for at a store.  If anything is wrong with it and you buy it from an individual, he is not likely to stand behind it but almost all stores will.  It is like selling a car, a car dealer will always get more for a car than an individual will.  If you buy a brand new car and drive it off the lot, you can never expect to get what you paid for it if you then decide that you don't like it and want to sell it to an individual.

If I were you, I'd thnk about pricing the gun for about $395 and hope to get about $375 for it.  Be sure to have your original sales receipt for the gun so you can show that you are the legal owner of it.  As for the necessary paperwork, give the buyer a bill of sale and keep a copy of the bill of sale signed by the buyer along with his address just in case the gun happens to be used for some illegal purpose after you sell it.   You can get a copy of a bill of sale from your local stationary store such as Staples.   I do not know what the state of Ohio requires when a gun is sold between individuals but a call to the local police dept, can get you the answers.

Answer 6

No idea about the process in Ohio for private firearms transactions. A gun is just like a car, once you take possession of it whether you ever fire it or not it is no longer considered new and the value decreases as soon as you walk out the door with it. You should still be able to get 90% of retail for it if you find someone that is inerested in that particular model and you never fire it yourself (leave it in the box)

Answer 7

You can sell it as New In Box but i is still considered a used gun

and your gonna take about a $50 loss at least

Most of the guns I buy are Like New or As New and  typically get at least a $100 discount

If you don't need the money leave it in the box and store it away as an investment

It may not go through the roof in value but it won't go down