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I'm a nut for buying crappy, used guns. All I see is an opportunity to make a silk purse out of a sow's ear. I'm like that with many used goods. "What can I do with this thing?!"
Dialed it in a bit. Now I stop and think total cost of ownership. And that can be applied to many purchases. I'll talk guns, but keep other sorts of items in mind.
How much will the initial spend really cost? Taxes, fees, shipping, etc.? Was looking at a $105 shotgun just now. Total delivered cost? $150 or so. Yeah, not such a deal with that in mind.
What do I need to go with it? Ammo I don't have? Scope/sights? Sandpaper and stain? Sling? Butt stock pad? What will I spend to get this gun where I want it?
Bought a new, single-shot, 12-gauge Hatfield shotgun off guns.com. $129.99! I can do that! Taxes and shipping, another $20. FFL fee, another $20. Red dot sight with mount, another $130 (stupid cheap, but believe it or not, it's quality). Strap and shotshell holder I made from spare parts I already had, still, another $25 bought new. American flag patch nailed upside down? $2. None of this includes cleaning and oiling supplies. A $130 shotgun cost me $327. Not adding anything for stain and sandpaper and such. Also, added a butt pad I already owned. Call it $350 and several nights of work. TCO was 2.7x the initial price.
So that's my thoughts. Total Cost of Ownership. Keep it in mind.
I like the TCO angle. I did some of that when thinking about a motorcycle. It’s not just the motorcycle itself. It’s not even just the taxes, tags, etc.
It’s locks, covers, spare parts, trailer (if it breaks down), crash guards, other riding gear, etc.
While it’s not fundamentally bad, a lot of folks may not consider the “all in” price.
Great point and thanks for the response!!