Selling firearms to a friend

[philos]

Curious as to how you guys handle this. Friend of mine wants to buy a rifle I have. Marlin 336 30-30. Its is a 1975 JM stamped Marlin so it is a bit more valuable than those not marked JM.

I am willing to sell to him for a really good price but I want his assurance he will not turn around and sell if for a profit later. How do you determine a price in this scenario? What to you say to the person buying the rifle to express your desire to either buy it back from them later or have them keep the rifle?

 

[Wrench]

Either sell it for what you want and wish him well, or don't sell it. If you make a financial deal with a friend and there's strings attached......it has potential for ending your friendship.

 

[Marbles]

Don't attach strings to things you sell to a friend.

If the rifle has sentimental value to you, give it to him on an indefinite loan. It sounds like you are more concerned with him taking advantage of a friends only deal you make with him. That concern should not be worth a friendship and either decide you can live with it if that happens (and perhaps learn something you did not want to know about a friends character), or don't cut a special deal.

 

[GSPHUNTER]

Sell it for fair market value. Then tell him if he decides to sell it, you want first right of refusal at same price you sold it to him for. Get it In writing.

 

[bsnedeker]

Agree with above, sell it or don't. Once you sell it he owns it and you have no right to dictate to him what he does with it from then on. If you can't handle that, don't sell it.

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[Blockcaver]

Some good advice above. Once you sell it the buyer owns it and can do what he pleases under a normal transaction. And who cares if he makes or loses money when he is done with it. You need to detach yourself from it when you receive payment.

 

[philos]

Good info/advice here. Thanks!

 

[roadrunner]

Keep the rifle. If I read your post correctly, he approached you. If it has value above what you want to sell it for (because he's a friend), you're doing him two favors and none for yourself...

 

[HornPorn]

If you want to sell it, list it on gunbroker and send him the link so he can bid on it.

 

[def90]

Sell it for what you would sell it to anyone else. I don’t mind doing things for friends once in a while but you are already concerned about him flipping it so there is something there in your mind that doesn’t lead me to believe that this is someone you would let your sister go out on a date with.

 

[SGW]

Don’t sell it, keep it!

 

[cnelk]

If he was a true friend you’d give it to him

 

[cjdewese]

If he was a true friend you’d give it to him

Agree with this as well. True friends share what they have or enjoy seeing the impact a gesture like that has on their friends.

I also don't have friends that would sell something I gave to them or let them have for a "friends" discount either though so there is that.

 

[WCB]

Sell it for market value. Or if you want to make it a deal for him...take $50-$100 bucks off as a friend discount. However, he must not be a very good friend because any of mine would offer it back to me if they got rid of it at the same price.

 

[Will_m]

You may be able to get a right of first refusal. Probably be your best bet if you genuinely do not want him selling it for profit. An attorney should be able to help you with it.

 

[SwampBone]

I prefer not to sell anything to friends/family or coworkers. If you give them a good deal? They'll find something wrong with it after awhile. If you give them a bad deal well then you're screwed either way. I sell things so I never have to see or hear about them again!!!