1) A "cheap gun" isn't what I want to use to protect myself and my family
2) I don't want to be feeding the monster that is the criminal black market for guns that are used in crimes, supplying more ammo to the anti-gun zealots and causing grief for victims of gun violence not to mention the stupid kids who get a hold of one of these and shoot themselves or their kid sister by accident
3) Don't much look forward to calling up the local police and reporting a stolen gun to them, more to add to the statistics, and BTW, it's the law where I live to report it
4) Don't much care for the idea that a serial numbered handgun that I bought new from a dealer, who's serial number is tied to my name, address and SSN might end up at a crime scene where (as soon as the records are pulled) will bring the police to my front door asking ME why my pistol was found next to the dead crack addict with the hole in her head.