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Laws for Selling Guns In Albuquerque, NM
Age Requirements to Buy a Gun in Albuquerque, NM
- At least 18 years old to purchase a long gun
- At least 21 years old to purchase a handgun
Who Can’t Buy a Gun in Albuquerque, NM
Under federal law, certain people can’t legally own or buy a gun. These include:
- Felons and those convicted of serious crimes
- Fugitives
- Drug addicts and illegal drug users
- People with certain mental health issues
- Illegal immigrants
- Those dishonorably discharged from the military
- Domestic violence offenders
- People with Protection Orders
Private Gun Sales in Albuquerque, NM
Private gun sales are illegal in New Mexico, including Albuquerque. If you have someone who wants to buy your gun, you must go through a Federal Firearms Licensee (FFL) to complete the transaction. The FFL will conduct the background checks and ensure all necessary paperwork and reporting is done.
Background Checks for Gun Sales in Albuquerque, NM
Federal law requires background checks using the National Instant Criminal Background Check System (NICS) for all gun sales through licensed dealers but not for private sales. In New Mexico, all gun sales require a background check because private sales are illegal. There are exceptions for family transfers, law enforcement, and the military.
Extreme Risk Firearm Protection Order (ERFPO)
The ERFPO is a “Red Flag” law in New Mexico that puts a temporary ban on gun sales/ownership to people who pose a danger to themselves or others.
ID Requirements to Buy a Gun in Albuquerque, NM
You will need a valid driver’s license or government-issued ID to purchase a gun in Albuquerque. The ID should include your legal name, date of birth, and current address. The address must match the ATF Form 4473.
Waiting Periods to Buy a Gun in Albuquerque, NM
As of May 15th, 2024, New Mexico state law requires a 7-day waiting period from the day of purchase to the delivery of the gun. Exceptions to this include:
- A buyer who holds a valid FFL
- A buyer who holds a valid New Mexico concealed handgun license
- Law enforcement officers
- Between immediate family members
Options for Selling Your Gun in Albuquerque, NM
1. Cash For Arms
Cash for Arms is a national FFL that can legally purchase guns in all 50 states and their cities, including Albuquerque. We offer a convenient option for those who are looking for a hassle-free process while getting the best value.
Pros:
- Top Market Prices: Cash for Arms is known for offering premium market-based prices for your firearms, often higher than what you might find locally in Albuquerque.
- Home Convenience: Use our convenient, hassle-free service to sell your firearms from home. We even schedule pick-up for you!
- Simplified Selling Experience: The website’s user-friendly interface ensures a smooth process for selling guns. With step-by-step guidance and accessible support, the journey from listing to sale is easy and transparent.
- Prime Consign: If you want to try your luck in an auction, we offer consignment through PrimeConsign. This can potentially yield higher prices.
- Fast Multiple Payment Options: Benefit from fast and multiple payment options tailored to your preference. Choose from instant payment methods like:
- Zelle
- Direct Deposit
- Traditional checks mailed to you
Cons:
- Shipping times can delay payments. We pay the day we receive your gun to make the process as fast as possible.
💡Pro Tip: Provide as much detail as possible about your gun and any modifications it has to get a more accurate quote.
2. Selling to a Gun Store In Albuquerque, NM
There are 16 gun stores in Albuquerque, NM. Not all of them will buy every type of used gun, however. We recommend calling around to see what kinds of used guns, if any, they buy. This can help save you time and gas before driving to different gun shops to get the best deal.
Pros:
- You can physically inspect the store and feel more assured about the transaction.
- Immediate cash offers.
- You can browse and trade for other items.
Cons:
- Generally offers 50-70% of the gun’s value
- You may have to drive around from shop to shop to get the best offer, wasting time and resources.
- The environment can be high pressure, especially if negotiating prices.
3. Selling to an Albuquerque Pawn Shop
Albuquerque is home to 30 pawn shops, but pawn shops that buy guns are few and far between. This option is generally a last resort when selling a gun due to the lower cash offers pawn shops pay.
Pros:
- Immediate cash offers are useful in urgent need of money.
- Convenient for those who are familiar with pawn shop dealings.
Cons:
- Generally provides the lowest value for your firearms (30-60%)
- Like gun stores, you will need to visit multiple locations to find the best offer.
- High-pressure environments are common, with a focus on rapid turnover.
- Some may find pawn shops less trustworthy or professional compared to specialized gun stores.
4. Selling to a Private Buyer in Albuquerque, NM
In Albuquerque, New Mexico, direct private sales are illegal. However, this doesn’t mean you can’t sell to someone you know! If you have someone who wants to buy your gun, you must have an FFL facilitate the transaction. There will be a fee, so make sure you decide who will cover it before you start the sale.
Pros:
- Potentially higher prices as you deal directly with the buyer.
- More control over the selling process.
Cons:
- Can be inconvenient and time-consuming, requiring meetings and negotiations with potential buyers.
- The use of an FFL comes at a cost, with background check/transfer fees
Tips to Sell Your Gun in Albuquerque, NM
Do your research!
Knowing the market value of your gun will help determine the price you want to set. It will also help to give you a realistic expectation of the types of offers you will get from the different methods of selling your gun.
Clean your gun
Making sure your gun is as clean and “picture perfect” as possible is a great way to get the best value while marketing it. Also, make sure that all parts are working properly.
Unload and secure your gun
Before bringing your gun anywhere to sell, make sure it is unloaded and secured. While gun shops are very gun-friendly, they still don’t always like someone bringing in a loaded gun. Plus, this will help keep everyone safe from an accidental discharge.
Have documents ready
Having your ID handy and any paperwork or documentation on your gun will make the process smooth and easy. You can ask the FFL you’ll be using what documents you’ll need beforehand.
Keep a Bill of Sale
While a Bill of Sale is not required, having one to document the transaction is recommended.
Conclusion
Selling a gun in Albuquerque requires knowing the laws involved. While direct private sales are illegal, there are several options you can choose to sell your gun. Cash for Arms offers a safe, easy way to sell guns. We give top prices, home pickup, and various payment options. It's a great choice for hassle-free selling. Visit Cash for Arms for a free cash offer.