Cost of an FFL
Unfortunately, getting your gun dealer license isn’t free, but the price isn’t going to break you either.
The Fee for a Type 1 federal gun license is $200.00, which covers you for the first 3 years. Renewal of your license is $90.00 for each additional 3 years after that.
Even though $200 isn’t typically going to break your bank account, it’s not exactly chump-change either. However, you have to understand that your atf federal firearms license will allow you to buy firearms at wholesale prices as well. The typical discount from retail is around 30%, so for handguns with a retail price of $500 or so, the average savings is going to be about $150. That being said, if you buy one or two firearms every three years, having your gun dealer license will pay for itself. Some of us purchase 1 or 2 every year, so it’s a no-brainer.
If you’re interested in learning more about the benefits of a federal gun license, just click HERE.
One word of caution, however. Although getting your gun dealer license can allow you to purcase firearms at wholesale prices and save a bunch of money, there are also penalties to be had if you don’t follow the rules correctly. Luckily, there are several kits on the web that will walk you through the process and give you the tools to keep yourself legit. Some even include software for free that makes the entire process super-simple. The kit we like the best can be found HERE. I can honestly say we’ve never had a complaint from anyone we’ve referred there, so please do yourself a favor and check them out.