To consign or not to consign

[Rob454]

My buddy wants to sell a few of his guns and plans on going through a shop to do the sale. he wants to know if his information will be given to the next owner. I told him I did not know. I know on a PPT the new owner has your info because they get a copy of the gun store pick up form that is printed out.
he is planning on going through a store because he doesn't want his info given out to strangers. I told him that its very unlikely that the new gun owner is gonna do anything with his info but i can't really blame him for being paranoid. he was a victim of identity theft before.

it brought up a good question for me also if I were to sell a gun the next owner has my name address phone number etc. Thats a lot of info to be giving out these days. i did tell him he can get more if he sold the guns himself rather than going through a shop. But i am almost ready to do the same thing this way i don't have to deal with flakes or lowballers.

So what are the pros and cons of selling on consignment through a gun store. I've sold stuff before on consignment and it was a good experience. I know you only get your money after the shop gets paid and item/gun is picked up/paid for. has anyone had the shop simply not pay them the money owed and do you have any recourse if they sell the gun and never pay you. i mean the DROS went through legally the gun is no longer yours.
ive never sold a gun on consignment so i don't have many answers for my buddy as far as selling a gun on consignment is concerned.

Thanks
Rob

[anothergunnut]

My experience with consignments has been very positive. The shop I use charges 20% which seems reasonable. They get a lot of traffic and can get the gun sold quickly for a decent price. You don't have to do anything, just wait for a check. I can't imagine a store not paying you for the gun; that store wouldn't be in business long! The only minor hitch I had once was a buyer wanted to put the gun on lay a way so it took a while to finish the deal. After that, I specified no lay a ways which the shop was willing to do.

[toby]

Consignments can hold up or prolong sometimes, even cause your gun not to sale due to added cost for shop % but your gun/guns can get a lot of traffic/potential buyers. Beware of damages accured while in shop they are not responsible.

[TERRYGER]

be aware that under cal law you have to transfer the weapon to the shop owner as he cannot sell a gun that does not belong to him. if the gun doesn't sell you will have to transfer it back to you. he will charge for at least one and maybe both, beside his commision but all is negotiable.

he will not be out anything and will make money either way.

your choice.

[762.DEFENSE]

Why not just sell them on Gunbroker or in the CGN Marketplace?

[Rob454]

Why not just sell them on Gunbroker or in the CGN Marketplace?

he's been on calguns to browse it. i told him about it. I guess its not his cup of tea I don't know. i did tell him about gunbroker. i sold a few guns I did not want anymore on gunbroker and I had no problems. I told him he will have to re DROS the guns in his name if they do not sell. I'm trying to get him to at least put them on gunbroker rather than just consignment. I also told him he potentially can lose 15-20% of the total money he could sell the guns for. I'm just trying to make him understand how to get the most amount of money for his guns. He is more worried about someone getting his personal info and doing something with it thats his reason for not doing a local sale. he just got really jacked up with the identity theft thing.

[dg29]

Not. have him list them on here and only sell them to someone with a 100 or more post count and at least a 10 to 15 Itrader postive rating. I'm sure that he deserves to keep as much of his hard earned dollars as possible. Then again, consigning may be ok for him if they toss in some KY with the transactions.

[Jonathan Doe]

I was at a gunshop the other day and a lady walked in with a Springfield 1911A1 GI. It looked new. She asked how much she could sell it for. The manager said they sold one like it for about $400. She thought about consigning it for that price. But, she ended up selling it to the store for $200. I guess she thought that she would get $300 after the store sold it and subtract 25%. She didn't want to deal with the consignment issue.

I went into the store the next week, and bought it for $350. The store made a profit, I bought it at a pretty good price.

Consignment os okay if you don't want to deal with the sales and meeting the buyer for papers. But you lose a lot of money. Private sale will bring you the market value for the gun, but you will have to deal with finding the seller and time for transfer. I personally prefer private sale.

[Rob454]

He knows all this cause I explained it to him. The only thing I did not know was if the last owners info was given to the new owner upon the sale of the gun from the gun store. I told him probably not but I was not 100% sure on that. I'm trying to get him to at least put them on Gunbroker to get the most out of it. Either way its not my money or my call on how to sell guns and get the most amount for them.

[Mickey D]

FYI - Althought he buyer has a right to get a copy of the DROS in a PPT, the seller information is supposed to be removed.

[code33]

Yes, personal info should be removed on copies given to buyer or seller.

http://law.onecle.com/california/penal/12076.html

PC 12076(a)(5) & PC 12076(c)(5):

If the transaction is a private party transfer conducted
pursuant to Section 12082, a photocopy of the original shall be
provided to the seller or purchaser by the dealer, upon request. The
dealer shall redact all of the purchaser's personal information, as
required pursuant to paragraph (1) of subdivision (b) and paragraph
(1) of subdivision (c) of Section 12077, from the seller's copy, and
the seller's personal information from the purchaser's copy.

[Rob454]

So he can basically tell a gun store if he does a PPT to simply make sure they remove his info from the paperwork that the buyer gets? Ill let him know.

[dieselpower]

DO NOT CONSIGN unless you PERSONALLY know the FFL Sell online buyer to pay fees if any.

[Hopalong]

That's the only way I have sold my guns, unless it was to a friend.

Locally, on consignment.

Shop gets 20%. Buyer pays all fees.

Well worth it, in my view.

I don't want to be bothered with phone calls, emails, pms, looky loos, payment schemes

Or strangers interested in guns, for that matter.

I've always been paid by the shop, no problem

[USMC 82-86]

If you have time sell it yourself and pass on the 20% savings to the new buyer. If you pay the consignment fee and want to get your asking price it could take time even with high volume stores.