McDadeTXAggie said:
Has anyone ever gotten a good deal? I just went into 2 different stores here in B/CS and the prices were close to buying new.
Am I missing something?
First question is where they actually close to new? I get people all the time telling me my firearms are priced at a new price but can't manage to tell me where they're selling for said price. I compare mine to Buds or Academy most of the time. Then again I've seen over new prices on my shelf's before and have had to correct them when someone points it out and shows proof. I have no shame in doing so. One thing to remember is we're pawnbrokers, not firearm guru's. We have to price diamonds, generators, Gibson guitars and firearms. It's not easy being an expert in everything.
On your basic Glock, Smith, Ruger etc we price it 20% below retail unless it's mint or has add ons like trijicon sites, multiple mags etc. The higher value firearms get less of a % discounted from retail. If you see an overpriced gun make sure and let them know by politely showing them a comparison. They'll most likely adjust the price. I know I've don't it numerous times.
I don't run a museum at my stores so everything will sell whether I make a killing or sell below cost. The longer it sits the cheaper it gets. I typically won't budge on a price that came out that week unless we're wrong or it's a great customer. If it's been there for months then you can expect a 20% discount or more until it's sold. In the 12 years I've done this I've maybe discounted a firearm 50% off a few times but it's extremely rare. Then again I don't list insane prices just to come down. I think that is stupid and turns off people from even wanting to do business. The second pawnshop we bought had a manager that loved to do this. He felt he had to overprice guns so he had room for people to beat him up. He didn't realize that only a select few would try to work with him. All the others wouldn't even ask and then tell everyone they knew not to even bother because all they had were way overpriced guns. Price them right and they will sell. Period.