MY BLOG
For lack of a better title
Hi, my name is Ron
DuPée. I’m not sure what to call these rantings so for now they’re just my
blog. I’ll try to keep it interesting, informative, and hard-hitting—but
I am kind of wordy. Thanks for reading.
The consignment of
items in any field have notoriously been dirty and gun dealers are some of the
worst! I know I’ll get flack for this, but let me tell you why. It basically
boils down to that age-old, state of affairs in business, known as “Conflict Of
Interest” (COI). Definition: “A situation in which a business owner or agent
has a monetary interest for greater profit which is in direct conflict with
your interest to receive the highest possible proceeds”.
There may be a
scant few dealers that try to do what’s best for their customers. However,
ethics seem to go right out the window when a COI is present. And this happens
all too often in business…in the resale gun business! The following is one of
the more prevalent COI scenarios found at traditional gun shops:
Scenario 1. So you take your rifle into a dealer to
see what he’ll give you for it. He says it’s worth this amount retail and he’s
more than happy to give you maybe eighty percent of the value. Sounds pretty
good, huh? First of all no
dealer only works on a twenty, thirty, or even forty percent profit margin on
used guns. Typically, they want a conservative minimum of fifty to sixty
percent profit. Second, where did he get that retail value? From the famous
Blue Book, other publications, off the top of his head, or out of his ass?
None of those
examples can define a price reflecting true, fair, realistic "Market
Value". I know from my many years in sales, that true value is what buyers
are willing to pay for an item right now or in recent weeks/months. In my
not-so-humble opinion, the only way you can get an accurate value of a gun is
through market research of very similar guns that have recently sold! The best
place to do that is at GunBroker.com. You could check out the other auction
sites too, but you still have to include the GB results.
All guns, however old, can both go up and down in value.
There are many factors that influence values. They include economic conditions,
trends, fads, news events (mis-information by the "lame-stream"
media), publications, availability, political tensions, public tantrums by
hoplophobics, asinine "Executive" orders, hoplophobic rulings by the
Senate, Congress or Supreme Court—etc.! Appraisers and (especially) the "Blue
Book", do not take these constantly changing factors into consideration
when estimating current value! Definition of Hoplophobia: Irrational, mentally
ill, media-controlling, unjustified fear of firearms. A pathetic phobia and/or
disease rampant among liberals and other idiots!
So, did your dealer do any on-line research before giving
you a price? I think not! But, I’ll bet he had a good idea of the true price
range and I’ll bet it is much higher than he quoted you! That way, you would
think he’s being really fair to give you up to eighty percent of retail value.
Can you see the big fat Conflict Of Interest? Now we’ll add to this scenario:
Let’s say you ask the dealer about consignment. He says
“great” and I’ll only charge you ten or fifteen percent, etc. Wow, you say,
that sounds peachy…let’s do it! You’re now about to step into one of the most
notorious, firearms consignment traps! Here’s what happens all too often: The
dealer sets a nice high price you like, you sign the contract with him, and he
just puts your rifle up in a rack. Nothing has been established as to how it
will be marketed (if at all). Even if the dealer says he will put it on an
on-line auction, etc., they almost never do a decent job (hell, they rarely
know how, anyway)—because they’re not satisfied with only a small profit!
Remember? Are you yet comprehending the magnitude of “Conflict Of Interest”?
Ok, did you read the contract carefully? Nooo. Most dealer’s
contracts have sneaky little clauses about fees assessed to you after so much
time has gone by. Hence, it behooves them not to do anything to sell your gun. I
swear to you I’m not exaggerating when I say that many a duped consignors have
wound up forfeiting ownership of their guns to the dealers because the fees
racked up so high it wasn’t worth it to pay them and take back their gun!!!
With consigned guns being out-of-sight-out-of-mind, a lot of time can go
by—then wammo!
Alright, let’s say the dealer’s contract doesn’t have those
nasty fee assessments (though most do). Instead the dealer starts his
“Chiseling Routine” (I just coined that). He’ll call you periodically and say
“Your price is too high, you need to lower it. The market has gone down on your
lowly rifle, blah, blah, blah”. Whether he set the price or you did, he’s
methodically conditioning you to accept less money—less than what was
originally offered you—to make more profit when he sells your gun.
There’s many more twists and turns I could tell you about,
intricate in this scenario, but I’m hoping by now you’re getting why a COI is a
bad thing when you’re hiring a business to sell your guns.
Ok, a teeny, weenie, shameless plug is coming: As a great
alternative to traditional gun shops, you could let Consignment Arms USA sell
your guns! We promise there will be absolutely no COI. And please visit our
simple (but informative) Home
and About-Me
pages.
Thanks again for
reading my “Blog”. More to come when I get time.
©Copyright
Consignment Arms USA 2015