[392cobra]

If you are looking to own/possess an automatic firearm.....

Here's my understanding :

Step 1-You must find a dealer with a Class III FFL as they're the only ones who may deal in NFA weapons (machine guns, silencers, etc.) and select a weapon that was registered in the NFA registry before 1986 (this only applies for full-auto, silencers and AOW can be brand new)

Step 2-You must make your application to both the federal gov't and your local chief law enforcement officer, both must approve.

Step 3-Pay the $200 tax stamp

Step 4-Take posession of your weapon.

The largest impediment is that the NFA registry was closed to full-auto in 1986, therefore only LEOs or Class III FFL's may legally posess a post-86 full auto. Because of this, the price of pre-86 full-autos is very high (typically $10K and up).
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