Why are used Glocks so overvalued?

[rm1911]

I didn't used to be a big Glock fan, but recently bought a 21 and 17, and will probably buy more. What I don't get is why people try to sell their used Glocks for the same prices and sometimes more than you can buy new, especially when they are stock. I guess a better question is why people don't laugh them off and some people make the mistake of paying these prices?

Apparently you were never in my economics class.

Nothing can ever be overvalued, or undervalued for that matter. People pay what they feel an item is worth. To them.

It's called...drum roll please...

Supply and demand

[someoneeasy]

That's Calguns for ya. It wasn't always this way, but it's evolved into this over time. Sad really.

[NickZag]

Because people buy them for the expensive asking price, plain and simple.

[Advocate]

I just made a thread about this the other day.

I thought I had seen this issue raised before. Its a simple truth: Buyer Beware. The internet provides an excellent opportunity for those to profit off the unwary, the impatient or the just plain stupid. I have no explanation for why someone would actually purchase an identical used gun for more than a new one...

[Advocate]

Apparently you were never in my economics class.

Nothing can ever be overvalued, or undervalued for that matter. People pay what they feel an item is worth. To them.

It's called...drum roll please...

Supply and demand

Actually its called price gouging coupled with stupidity.

[rm1911]

Actually its called price gouging coupled with stupidity.

There's no such thing as price gouging. Stupidity is simply, in this case, the high marginal cost of time.

[bdock]

I put mine on there today for $475 its about 3 months old. They are $499 new plus tax and DROS. Seems fair to me.

I do love seeing the Gen 4's on there for 800-1000 just blows my mind.

[HPBrowningMK3]

I put mine on there today for $475 its about 3 months old. They are $499 new plus tax and DROS. Seems fair to me.

I do love seeing the Gen 4's on there for 800-1000 just blows my mind.

Fair price for sure.

I guess some people don't get the idea that a gun once drosed is used. Period. CA market is a little different because of our retarded roster, but still, no one in their right mind will pay retail for a used gun unless they are just stupid or impulse buying.

I am looking for a G30 myself and have had people ask 600 for it. Hell no. I will use my GSSF Blue label and get it for a lot less.

[SacTown]

I've never paid more than 600 for any stock Glock and I never will. I wonder what the actual cost of parts/labor is for Glock to make a single pistol. Probably 200 or less? No idea but they make a killing.

Last Glock I bought was a 26 for 475 BNIB before DROS/tax at a gun store.

[RobG]

Apparently you were never in my economics class.

Nothing can ever be overvalued, or undervalued for that matter. People pay what they feel an item is worth. To them.

It's called...drum roll please...

Supply and demand

There is no supply and demand issue for a Glock. They are in every gun store and all over the classifieds here. If we are talking a Gen 4, then sure. Like everything in Commiefornia, the price gets jacked up just because.

[Tarn_Helm]

That has nothing to do with it. I'm talking about the fact that I posted a WTB glock 17 and got several messages with idiots trying to sell me their gun for more than when I drove down the street and bought it for at Turners brand new. I know guns are pricier in CA, but that has nothing to do with people selling used guns for more than I can buy them for down the street...here in CA

Capitalism much?

"Overvalued?"

Value is a function of demand (and buyer's stupidity).

[JackRydden224]

I've never paid more than 600 for any stock Glock and I never will. I wonder what the actual cost of parts/labor is for Glock to make a single pistol. Probably 200 or less? No idea but they make a killing.

Last Glock I bought was a 26 for 475 BNIB before DROS/tax at a gun store.

A Glock should cost less than a nail gun.

Why do people think others will pay more than retail price plus tax and DROS for a used hand gun? I think you already know the answer. If I type it out I'll get the ban hammer and I'll be bored at work.

[Excelsior]

I didn't used to be a big Glock fan, but recently bought a 21 and 17, and will probably buy more. What I don't get is why people try to sell their used Glocks for the same prices and sometimes more than you can buy new, especially when they are stock. I guess a better question is why people don't laugh them off and some people make the mistake of paying these prices?

Probably because someone broke it off in them when they originally bought the Glock during a "panic period" and now hey hope to recoup their foolishness.

As far as the buyers? Just recall P.T. Barnum's famous saying.

[Excelsior]

then go buy it in the store then. pretty lame starting a thread just because you can't get people to price it your way. maybe they really don't want to sell it, but will let it go if some one wants to pay for it. not everyone is desperate to sell something. don't forget people usually put aftermarket sights that run $80+ too.

He asked a question. A good one at that. What's "lame" is your non-value added response.

[HPBrowningMK3]

As far as the buyers? Just recall P.T. Barnum's famous saying.

Yes, PT Barnum is alive and well.