rob-cubed
In need of moderation
Probably a silly question, given how most banks are happy to distance themselves from anything gun-related BUT: is anyone out there loaning money to purchase NFA items?
With the cost of an M16/AKM machine gun running as much as car, the only way I could afford one short of selling an internal organ would be to take out a line of credit. Seems like it would be a safe bet for a loan, using the item itself as collateral. Of course, repo if needed would be a PITA although I'd wager most of us playing in the NFA world have a stable job and decent credit.
There are banks out there that specialize in collector niches like vintage cars, airplanes, whatever. Seems like there would be a thriving if small market opportunity there for the right investors.
With the cost of an M16/AKM machine gun running as much as car, the only way I could afford one short of selling an internal organ would be to take out a line of credit. Seems like it would be a safe bet for a loan, using the item itself as collateral. Of course, repo if needed would be a PITA although I'd wager most of us playing in the NFA world have a stable job and decent credit.
There are banks out there that specialize in collector niches like vintage cars, airplanes, whatever. Seems like there would be a thriving if small market opportunity there for the right investors.