Hocking Guns for Friends

Gil Martin · Posted: Tue Nov 19, 2013 5:22 pm Post subject: Hocking Guns for Friends

Just curious if you good folks ever get involved in hocking guns for friends. I have done this a few times when friends needed money and did not want to sell their guns. One fellow was getting a divorce and needed to conceal his guns and get some money for legal fees. The other friend needed money when his son attended college. I get their guns and they got the bucks. One chap did buy back his firearms. I am still holding guns belonging to the other fellow. Let me know your thoughts All the best...
Gil.

slimjim · Posted: Tue Nov 19, 2013 7:27 pm Post subject: Re: Hocking Guns for Friends

I've helped out friends in a similar way but once they guns came my way there were no strings attached.

Vince · Posted: Tue Nov 19, 2013 10:23 pm Post subject: Re: Hocking Guns for Friends

I have an "arrangement" with my shooting buddy in much the same way, although neither of us has availed ourselves of it as yet.

I would be happy to do this for a close friend, someone I trusted, but it is not something I would do for just anyone. If someone approached me with a request to buy their gun, it would depend on who they are as to how I would handle things...either buy it outright at a fair price, or for a close friend we would come to some sort of an arrangement.

Of course, the type of firearm would also be a consideration...a family heirloom or obvious collectors item with sentimental value I would include the "return to seller" option. However, an everyday "garden variety" firearm I would suggest he look for the highest price available, probably on one of the auction sites on the Web.

lesterg3 · Posted: Wed Nov 20, 2013 3:51 am Post subject: Re: Hocking Guns for Friends

Maybe, I think Vice covered it nicely. Then there is state law, none preventing it here, but am unsure of other states.

Eremius · Member Joined: Dec 04, 2011 Posts: 92 Location: Owosso, MI

If I were inclined to do it I would definitely put an end date on it (ie if you haven't come and paid for the gun by xx/xx/xxxx it is mine to do as I wish with) so that you aren't stuck with no money, an obligation to a friend and a gun you really can't do anything with as it sounds like the OP is.

PaulS · Posted: Mon Nov 25, 2013 7:41 pm Post subject: Re: Hocking Guns for Friends

When I loan money to a friend I think of it as a gift. The real friends will pay me back before anyone else they owe but If they don't it is just money - it isn't worth a relationship. I won't loan them money again until it is paid back but I will continue to treat them as a friend.

I guess what I am trying to say is: Never loan money that you can't afford to lose.

gelandangan · Posted: Mon Nov 25, 2013 7:50 pm Post subject: Re: Hocking Guns for Friends

PaulS wrote:

When I loan money to a friend I think of it as a gift. The real friends will pay me back before anyone else they owe but If they don't it is just money - it isn't worth a relationship. I won't loan them money again until it is paid back but I will continue to treat them as a friend.

I guess what I am trying to say is: Never loan money that you can't afford to lose.

+1

I never loan out more than what I can afford to lose.
If it is for a friend, I do not need surety... nothing to hock.