I'd almost never trade anything in. I know the guys, they said they look up the price, get an average and subtract about 35% to make an offer. They offered me $150 for a Ruger Mark III 22/45 stainless model that I turned around and sold on Armslist for $350. (and that was back in September)
A good plan executed today is better than a perfect plan executed at some indefinite point in the future.
- General George Patton Jr
There was one LGS that I used to LOVE but they since closed down. :-( guy there told me once that they won't buy something unless they know they can flip it for double what they paid.
On a similar note to the OP, I'm getting frustrated with the ****ing price gouging! I understand raising prices on AR's and such but when the only shops that have ammo are the ones selling it for 1.50 a round that tells you something. I was at one such shop yesterday.
Been in the mindset of an investor. Buy low buy low buy low. Figured everyone is focused on Semi autos and such. I'll pick up some bolt actions and wheel guns because there's not a mad dash for them. Guy had a Ruger SP101 for $899. Ruger has the MSRP for the exact gun at $559. Asked him if the pope owned it before he resigned then walked out. Sick of it.
If you've got one foot in yesterday, and the other in tomorrow, than you're pissing on today.