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1st major change to Gunbroker
Warbirds
Member Posts: 16,943 ✭✭✭✭
You will be able to finance purchases. I think that’s brilliant in todays day and age.
Comments
Based on the high number of deadbeat buyers, I can't even imagine how financing is going to pan out. On the other hand, if the seller gets paid up front, who cares what happens after that?
I've heard it said before that Gun Broker favors the seller. Well, I disagree. The worst thing that happens to the deadbeat buyer is that he gets and "F", while the seller doesn't get paid!
I -want- my- money!
Yes, I have, or had, a forum fan club who insisted that I was a greedy, money grubbing dealer. So what? I want to get paid.
I think it will be great for sellers. Seller gets paid and a third party finances the purchase. No risk to the seller and buyers are tempted to spend more on credit. Everyone loves buying on credit! Just look at how much the average American has on CC's.
Just can't wait to sit back and watch the show. Anti gun Banks and financial institutions and those who aren't . Good old Americans taking sides .
Credit, "0" interest rates, long term financing so men stock up now while supplies last...sounds great don't it 😊, the new owners had to scrounge around for credit to purchase GB, now they're going to go into the finance business themselves 🤔. Kinda reminds me of the Sears / K-Mart and a few other takeovers which didn't last very long. Don't forget to stock up while you can 😁
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
My Father told me when I was about 10, "If you can't afford to pay cash, you can't afford it. Old school, but it has worked for me.
Yep, the seller need to be paid ASAP however, IMHO, I think its a bad idea for a non banking company to get involved in the banking business, most all end up on the losing end and sell or outsource their financing to a bank where it belongs. IE, Lowes and SAMs Club have Synchrony handle their financing. Would also predict a higher than average interest rate.
Big bank cronies have manipulated government to favor them and do not like competition.
Could be wrong but If I was a betting man, I would say GB would last a little more than a year.
"Based on the high number of deadbeat buyers, I can't even imagine how financing is going to pan out". I agree Mark, if the seller gets paid right away and the buyer turns out to be a deadbeat surely Mill City will get stuck without some modifications. (no I'm not calling you surely) My first thought is that Mill City will only pay the seller if the buyer has a account (credit card) with GB. Where is Earl when we need him? 🙄