Should I help him out? -UPDATE, decision made
Update:
I decided to buy the rifle from him. I gave $1100 and will pay shipping from TX to my FFL in Florida. I did not make an offer to allow him to buy it back.
*****original post below*****
A guy I hired about 4 years ago in Dallas (still works for me indirectly) is in a jam.
His car was stolen from right in front of his house. Car has now been recovered but the poor guy has a$1,000 deductible. His wife recently was laid off and they have 2 little ones.
He is asking me to buy an AR from him that he has about 2 grand into and he is wanting $1,000.
Its a good buy, he is a good guy but I am hesitant because his leadership chain at work ultimately reports up to me.
If he was just a casual acquaintance I would buy the gun and let him buy it back when his situation improves.
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If you don't want the rifle, or it isn't worth the $1K, assist him with listing it on Gun Broker. 0 -
Seems like a good deal to me to help him out. 3 -
i would buy it if I wanted it and was worth the $$$
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Don’t let the left hand know what the right hand is doing. 3 -
Lend me him a couple k?
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Buy it and give him an option to buy it back at a later date. This should be completely separate from your job. 0 -
If you can help him out and think he is a stand up guy......sure 6 -
redneckandy said:Buy it and give him an option to buy it back at a later date. This should be completely separate from your job.
This is the secondary reason for owning guns. Collateral.He saves face, you get something for your money and yall remain friends.
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At $2K, that must be a great AR. As Mark said, lend him the $1K if you trust the guy and put it on GB for him. 0 -
Lend him the money or buy the gun if it interests you and you want/ need it
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i'll second the loan him 1000 and hold the gun as collateral to be paid back at a later date. 0 -
If you think there is a conflict of interest, can pay him closer to the full amount for it? If not $2k, how about $1600-1800?
That would be like buying a used car from a fellow employee vs. loaning a subordinate $.I chatted swapping guns with my Deputy Project Manager on my last contract. We're both gun nuts though. Nothing ever happened since we were both stuck in Africa. He would be easily a couple 4/5 steps up from me but not in my department.
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It seems buying it would be offering a hand up not a hand out. Letting him buy it back later would be a good will gesture and allow him to save face. 3 -
To me from past experience, buy the firearm with no strings attached. If you want it keep it, if not sell it on the market. This does not have any repercussions for either party. And as stated this keeps it out of the workplace, like this employee owes me 1k thing to him and you. Yes, I understand that you have the cash to do this with but to me keep it out of the workplace as if you bought it off a stranger and end of story. ymmv. 0 -
Yep, that's what I would do. I'd "buy" the gun for a K, and get a signed, and dated B-O-S. Give him some amount of time to buy said gun back at no interest. Something along the lines of between 12-18 months, depending on how good of friend he is. If he buys said gun back, destroy B-O-S.discusdad said:i'll second the loan him 1000 and hold the gun as collateral to be paid back at a later date.0 -
Everyone has different comfort levels with this kind of situation. However, if you feel strongly about helping this person out, my recommendations are as follows:
1. If you buy the rifle, buy it. Don't make any promises about buy-backs. At a later time, you could potentially make such an offer if you wish, but don't complicate the situation by making any promises or agreements up front. Don't even mention it.
2. Do NOT loan him money. Leave that to the banks. This never tends to go well between individuals, and can just breed bad feelings later. If you feel inclined to help his situation (other than buying the rifle), make it a no-strings-attached gift. Depending on his character, he may insist on paying you back later. That's okay......but be clear that you have no expectation of that.
Anyhow, just my thoughts. Good luck!
Frog9 -
Frogdog, that is kind of what I am talking about except you expressed it better. Anyone who has done this kind of thing knows you are spot on. Either just GIVE him the grand, buy the thing for a grand and then do with it what you will/ 0 -
If you need the firearm buy it. Mixing money and work is bad business. It could come back to bite you when you don't help someone else out later down the road or the man says you took advantage of the opportunity even though they offered the deal. If he needs to sell the gun someone else can step up to the plate. 0 -
Frogdog said:Everyone has different comfort levels with this kind of situation. However, if you feel strongly about helping this person out, my recommendations are as follows:
1. If you buy the rifle, buy it. Don't make any promises about buy-backs. At a later time, you could potentially make such an offer if you wish, but don't complicate the situation by making any promises or agreements up front. Don't even mention it.
2. Do NOT loan him money. Leave that to the banks. This never tends to go well between individuals, and can just breed bad feelings later. If you feel inclined to help his situation (other than buying the rifle), make it a no-strings-attached gift. Depending on his character, he may insist on paying you back later. That's okay......but be clear that you have no expectation of that.
Anyhow, just my thoughts. Good luck!
Frog
This. With the third option of showing him how he could bring top dollar for his rifle by selling on GB.0 -
Whatever you decide tread carefully. I don' know the personalities involved here but my glass is always 1/2 empty in scenarios like this. 0 -
Update in Original post.
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imo smart move. 0
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