Low Trade-In for Sigmas??

Discussion in 'General Handgun Discussion' started by njjohnson, Mar 12, 2010.

  1. njjohnson

    njjohnson New Member

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    I own the SW40VE and I have heard from many, many people that this gun is a very good gun- except for maybe the trigger (some like, some don't). Several have even compared it to the Glock platform. I also know that there was a legal dispute between S&W and Glock when they first introduced the Sigma series due to how close the Sigmas mirrored Glock construction and features. I paid right at $400 for my Sigma, and with that I got 4-14 round magazines to go with it- it sounded like a heck of a deal. I was at Gander Mountain this morning and asked how much trade-in value was on my gun and the guy offered me only $175. He said that in order to sell these guns they usually offer them between $250-$300. Of the little research I did on this gun the majority agree that it is a good, reliable, no frills pistol and the trigger is the only real drawback. I personally don't like the trigger, but it is pretty accurate (I've put about 200 round through it) and I have only been shooting handguns for about 2 years. The trade-in/ resale value is something I failed to look into before buying this gun. I am in the process of building a small arsenal (because you just never know when you'll need one) so I guess I should just consider this gun as one that will stay, because whether I trade or sell it I will most definitely loose money. Oh well. :confused:
     
  2. robocop10mm

    robocop10mm Lifetime Supporting Member Lifetime Supporter

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    Very few guns will hold a high percentage of value. When the brand new ones are $400 or less, most folks are unwilling to spend much more than $300 on a used one (even if pristine).

    If you are looking to retain value, you will have to spend more than $400. Some of the high end 1911's will retain value pretty well.
     

  3. njjohnson

    njjohnson New Member

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    I was just a little surprised considering I bought it new only 4 months ago and had used it very little. You live and you learn I guess.
     
  4. jimbobpissypants

    jimbobpissypants New Member

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    Yeah, it sucks, but it's similar to a new car. The sigma is an under-rated gun.
    Gander Mt is convenient, but not the best place to trade a gun. They only give about 60 to 65 percent of what they think they can sell a gun for. You will be much bette to sell the gun yourself.
     
  5. NGIB

    NGIB New Member

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    Sigma's are one of the most discounted guns ever sold. Routinely, S&W would run specials with rebates and free mags. I've seen them many times at less than $300 NIB. No gun is worth much on trade in as the gun stores have to make money - 50-65% is the norm for anything...
     
  6. Gojubrian

    Gojubrian New Member

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    I paid $400 for my millenium pro last year. Can't get more than $200 for a trade in. Trading in sucks anyway, better to sell to an individual.
     
  7. njjohnson

    njjohnson New Member

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    Selling is an option; I mean, for the right price I'd sell anything-almost. But, on the other hand, you can never have too many guns. Right?
     
  8. deth502

    deth502 New Member

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    mine was $300 new with 4 mags. id say a PRISTINE used one would go for $250. under those circumstances, i dont see why any dealer would give you more than 175 for it.

    dont forget, even if you discount all the overhead of maintaining a store front and employees, they also have to take responcibility for that gun. although they are buying it "as is", once it sold, if it turns out unfunctional, they will be on the hook for it.

    your best option would be to sell it privately.
     
  9. Car54

    Car54 New Member

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    Last year, the day after Thanksgiving and through the weekend Cabelas and Gander Mountain were selling NIB in 9mm or .40 for $349. Then there was a Mfgr. $50 rebate, or some (I think 3 or 4 free mags) instead of the rebate.
     
  10. Shihan

    Shihan Active Member Lifetime Supporter

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    I made the mistake once of selling mine, then turned around a week later and bought it back, even paid $50 more than I sold it for. Never again will I part with it.
     
  11. sweeper22

    sweeper22 New Member

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    For a while now Sigmas have routinely been available for $250-$300...brand new. So it's to be expected that their used value won't be real high.

    They have a rep for a lousy trigger and are abundantly available. And with that said, I think they're a relative bargain. It's just a rugged, simple, reliable poly gun. Glock rip-off? Sure. So what?

    I've flirted with the idea of picking one up a few times, and may eventually do so. It'd make a great truck gun, hiking gun, etc. I know a few people who carry them as hunting BUGs. It's a gun that can be had at a good price, so it falls on the consumer to find that price...and understand that resale value will be limited. In a private sale, you should be able to fetch $225-300 for a "like new" Sigma depending on the situation. Just understand that there are some places out there where they can be acquired for as little as $250 NIB.

    In most cases the best value is just to simply hold onto it if it provides you any use.
     
    Last edited: Mar 13, 2010
  12. sweeper22

    sweeper22 New Member

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    The Sigma in particular is just really hampered by supply and demand...perhaps more than any other gun on the market right now. Were you to step up one tier to the land of Glock/XD/M&P ($500-600 new), those guns are getting 80%+ of their new price on the private resale market from what I've seen...sometimes nearly 100%.
     
  13. deth502

    deth502 New Member

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    if you want resale value, get a 10-22

    im constantly amazed at how ppl can buy a $180 rifle, put $30 of accessories on it, and expect to get $400 for it after its well used.
     
  14. Agent_H

    Agent_H New Member

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    Years ago I owned a SW40VE. Due to the trigger issue for some and/or being compared to higher end guns they developed a bad rap. When looking around on the interwebz to get an idea on its standing overall the first 3 pages of google responses were not positive. I don't have much negative to say about them but as mentioned above it does come down to supply and demand.

    guns, like cars, devalue as soon as you sign the paperwork on them. Why not just keep the SW40VE and possibly save for the next purchase? They are solid pieces and one can always use another firearm someplace.

    dos centavos.
     
  15. Wambli

    Wambli Member

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    Guns are just like anything else in this world. You have to figure out what yuo want out of them in the long run.

    You can't buy a Casio (by the way a great watch) and expect to sell it at a profit or even break even after you wear it. You buy a Rolex and twenty years down the road you can sell it used for more than you paid for it.

    You bought a good reliable basic discount pistol. You can either sell it privately and take the depreciation hit or keep it around and shoot the heck out of it and have fun with it.
     
  16. njjohnson

    njjohnson New Member

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    Yeah I suppose if I wake up one morning only to find out that terrorists are out and about in our little town, I'll be thankful for having an extra gun laying around.
     
  17. diggsbakes

    diggsbakes New Member

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    Very true. I will not trade a gun in. I don't have an interest in selling firearms, (just buying them) but if I did I would sell it through the local gun shop on consignment. That way you never have to meet the buyer. Most stores will do this for a reasonable cost, especially if they know you'll be spending there in the near future.
     
  18. Esteban

    Esteban New Member

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    Saw a new one the other day for $250 w/ S & W's discount.
     
  19. Wambli

    Wambli Member

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    There you go. It's also nice to have a loaner gun if you decide to take a non-shooting friend to the range.