|
FFL's Forum For open discussion between FFLs and polite questions for FFLs. |
|
Thread Tools | Display Modes |
|
#1
|
||||
|
||||
Second Hand Dealer Questions - Buy/Consign Used Guns
We just got our Second Hand Dealers license . But I have a couple of questions...
1) I know when we take a gun in on consignement or buy a used gun, we have to hold it for 30 days. Is there anything wrong with us displaying the gun AND letting people check it out/handle it during the 30 days before we can actually run paper on it? 2) My understanding is that if I put a non roster handgun on consignment, I can sell it to non-LEO but if I purchase a used non roster handgun I then cannot sell it to non-LEO. Is this correct?
__________________
Elite Armory 3636 Castro Valley Blvd #1 Castro Valley, CA 94546 (510) 538-1686 Hours: Tues-Sat: 11:00am-6:30pm Elite Armory Plus 7601 W 11th Street Tracy, CA 95304 (209) 362-2010 Hours: Tues-Fri: 11:00am - 7:00pm Sat-Sun: 10:00am - 8:00pm *Follow us on Twitter and/or FaceBook for updates on what we have coming into the shop. |
#2
|
|||
|
|||
1.The shops in my area,do both. I have seen the consignment guns on display in the cases,the dealer just says that the 30 day hold is on the gun and its sell date is the end of the thirty days.
2. I think the key is if it is a consignment gun,it is exempt. If it is a shop gun,the roster still in effect. |
#3
|
||||
|
||||
All the places I have been to have them out with a sign or note saying it can't be sold until such and such date. I just bought a off-roster Bersa Thunder that was on consignment. They had just put it out when I seen it last month and I had to wait the 30 days before they could start DROS. They wouldn't let me start DROS on the 20th day so that I could pick it up on the 30th day sighting CDOJ saying they got upset with them so you might want to look into that. I don't see what the difference is. Thirty days is thirty days.
__________________
10mm collector |
#4
|
||||
|
||||
Quote:
Quote:
__________________
Kemasa. False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse. Don't tell someone to read the rules he wrote or tell him that he is wrong. Never try to teach a pig to sing. You waste your time and you annoy the pig. - Robert A. Heinlein |
#5
|
||||
|
||||
Quote:
Just to be perfectly clear, so it is okay for customers to physically handle the used/consigned firearms before the 30 days is up? Do all consignments get transfered as PPT? If so, is there any sales tax to collect? When transfering as a PPT, would I just manually enter all of the sellers information into the seller portion of the DROS and have the seller sign the DROS when they come pick up their money?
__________________
Elite Armory 3636 Castro Valley Blvd #1 Castro Valley, CA 94546 (510) 538-1686 Hours: Tues-Sat: 11:00am-6:30pm Elite Armory Plus 7601 W 11th Street Tracy, CA 95304 (209) 362-2010 Hours: Tues-Fri: 11:00am - 7:00pm Sat-Sun: 10:00am - 8:00pm *Follow us on Twitter and/or FaceBook for updates on what we have coming into the shop. |
#6
|
||||
|
||||
Quote:
Quote:
Yes, sales tax has to be collected. There is the incorrect belief that a PPT is exempt from sales tax, but that is only when the FFL does not find the buyer or seller and does not get involved in the price. In the case of a consignment, the FFL gets involved in finding the buyer and gets involved with the price, which make it subject to sales tax. Quote:
__________________
Kemasa. False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse. Don't tell someone to read the rules he wrote or tell him that he is wrong. Never try to teach a pig to sing. You waste your time and you annoy the pig. - Robert A. Heinlein |
#7
|
||||
|
||||
Quote:
__________________
Elite Armory 3636 Castro Valley Blvd #1 Castro Valley, CA 94546 (510) 538-1686 Hours: Tues-Sat: 11:00am-6:30pm Elite Armory Plus 7601 W 11th Street Tracy, CA 95304 (209) 362-2010 Hours: Tues-Fri: 11:00am - 7:00pm Sat-Sun: 10:00am - 8:00pm *Follow us on Twitter and/or FaceBook for updates on what we have coming into the shop. Last edited by Elite Armory; 03-18-2013 at 9:33 PM.. |
#8
|
||||
|
||||
Quote:
__________________
Kemasa. False signature edited by Paul: Banned from the FFL forum due to being rude and insulting. Doing this continues his abuse. Don't tell someone to read the rules he wrote or tell him that he is wrong. Never try to teach a pig to sing. You waste your time and you annoy the pig. - Robert A. Heinlein |
Thread Tools | |
Display Modes | |
|
|