A Federal Firearms License (FFL) is given by the government to certify an individual as an authorized dealer of firearms. These firearm licenses are given out by The Bureau of Alcohol, Tobacco and Firearms (ATF). Generally, the whole reason of designing an FFL license program is to decrease the incidents of illegal gun sales and help regulate the industry. There are numerous benefits to why you should get an FFL license and it outweighs the negative points. Here are some FFL benefits:
Benefit 1: You can legally buy firearms at wholesale prices
This is one of the main reasons why people get their FFL license in the first place. If you are a person that buys more than one gun in a year, then getting a FFL license saves you a lot of money in the long run. Most wholesale prices have up to 30% discounts and say if the retail cost of a gun is $500, then you can get it for $350. Most firearms manufacturers will not deal directly with individual buyers unless they hold a valid FFL license. Wholesale pricing can make a significant difference as it eliminates the middleman, making the sale sealed and done in much less time.
Benefit 2: You can start a business selling firearms
Apart from getting cheaper guns, having an FFL license also enables you to become a gun dealer- you can either run a full time or part time business. By purchasing guns at wholesale prices, it enables you to mark them up slightly when selling- you can nicely make a good profit by securing smalls orders. With an FFL license, there is not a set limit to the number of guns that you can buy and sell and it also allows you to purchase your firearms through mail order without any hassle. This license also removes certain restrictions on a number of firearms that can be bought and sold which concerns the number to purchase, frequency of purchase as well as the numbers of sold guns.
Benefit 3: You can legally collect ‘Curio & Relic’ Firearms
What are ‘Curio & Relic’? These firearms are antique weapons that are generally not sold to the public. These relic firearms concerns guns that are more than 50 years old and are commonly used as displays in historic and war museums. Most of these types of firearms are used in a historic battle. To get your hands on these antique firearms, you would need a type 3 FFL license. There are several kits available on the web that will help and guide you through the application process of the FFL to make sure you get it done quickly and correctly.
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- FFL LIcense: How to get a FFL license as soon as possible
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