BidGunner.com
Moderator: carlson1
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jamminbutter
- Member
- Posts: 145
- Joined: Tue Aug 05, 2014 6:09 pm
BidGunner.com
Has anyone had experience with http://www.bidgunner.com" onclick="window.open(this.href);return false;?
Re: BidGunner.com
Doing a quick online search i saw several complaints about the company that seem to be unresolved. Bud's Guns is the founding company. Personally I wouldn't pay a fee to bid for items. I suggest that you do a search on them for reviews and complaints. They've only been around since April 2012 and by Oct 2013 had 18 consumer complaints.
KAHR PM40/Hoffner IWB and S&W Mod 60/ Galco IWB
NRA Endowment Member, TSRA Life Member,100 Club Life Member,TFC Member
My Faith, My Gun and My Constitution: I cling to all three!
NRA Endowment Member, TSRA Life Member,100 Club Life Member,TFC Member
My Faith, My Gun and My Constitution: I cling to all three!
Re: BidGunner.com
I hate that style of auction. Not worth the headache 
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Dadtodabone
- Senior Member
- Posts: 1339
- Joined: Mon Mar 11, 2013 10:46 pm
Re: BidGunner.com
No experience with particular site, but it appears to be a standard Penny Auction site. The FTC has issued consumer warnings about this type of operation.
Penny Auction sites make their money off of the bids you buy, not the sale of the product. You add to the aggregate pool with every bid you make. Of all the people making bids on a product, only one of them will wind up with the auction item.
Lets say you are bidding on the $900 SA Loaded 1911. The winning bid may indeed be $90, 10% of the retail price. What you need to realize is that a $90 dollar winning bid represents 9,000 Penny bids. At the $1 purchase price per bid, the website would take in $9,000 on that pistol. That quite a profit for a $900 pistol. However, even if you are the winner, you will end up paying more than the final sale price, depending on how many bids you submitted along the way. For example, if you placed 100 bids at a dollar each, your out-of-pocket will be $190. That's still a great deal if you're the winner. Not so great if you bid 75 times and lost $75 in an unsuccessful attempt to win the auction.
TANSTAAFL, somebody pays, in this case it's the losing bidders.
Penny Auction sites make their money off of the bids you buy, not the sale of the product. You add to the aggregate pool with every bid you make. Of all the people making bids on a product, only one of them will wind up with the auction item.
Lets say you are bidding on the $900 SA Loaded 1911. The winning bid may indeed be $90, 10% of the retail price. What you need to realize is that a $90 dollar winning bid represents 9,000 Penny bids. At the $1 purchase price per bid, the website would take in $9,000 on that pistol. That quite a profit for a $900 pistol. However, even if you are the winner, you will end up paying more than the final sale price, depending on how many bids you submitted along the way. For example, if you placed 100 bids at a dollar each, your out-of-pocket will be $190. That's still a great deal if you're the winner. Not so great if you bid 75 times and lost $75 in an unsuccessful attempt to win the auction.
TANSTAAFL, somebody pays, in this case it's the losing bidders.
"Caesar si viveret, ad remum dareris!"
Re: BidGunner.com
Perhaps, I'm in the minority, but if I want to purchase a gun of any type I wouldn't mess around with auctions.
I'd buy it from a retail store or face to face, but bidding?
Never.
I'd buy it from a retail store or face to face, but bidding?
Never.
Re: BidGunner.com
There's a reason GunBroker makes a ton of sales...Abraham wrote:Perhaps, I'm in the minority, but if I want to purchase a gun of any type I wouldn't mess around with auctions.
I'd buy it from a retail store or face to face, but bidding?
Never.