Don't Be A Victim To The Tool Truck A Tool Buyers Lesson
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- Опубліковано 9 лют 2025
- Don't Be A Victim To The Tool Truck A Tool Buyers Lesson is intended to help the young Mechanic or Technician understand what they are getting themselves into before the get in over their head. It can be easy to fall victim to the Tool Truck. I know it. You Know it. We've all been there and done it, but here is a video on the breakdown on how you are paying almost 100% Markup on everything you buy off of the Tool Truck. Don't just take my word for it. Do the math. Ask questions. DO the Research. Ask the Senior Tech's or Mechanics. Thanks for watching. A list of Tools that you've probably already seen for almost twice as much will be listed below. Cheers!
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This is not only good advice for mechanics this is good advice for anything and anyone.
My grandparents taught me at a very young age that if I can't pay for something in 3 months I can't afford it. Simple as that 👍👍
Very true man, I'm a young mechanic, there are better option to consider aside from the tool truck
Good video.Theres a garage down the road that has a sign in they're office that reads...Our labor rates are lower Because ..We don't use SnapOn Tools.
Bella Wright Lol that's funny as fuck
Yes, the tooltruck's $140-something is close to 100% markup of $78 Amazon price. If it's twice the cost, it's 100% markup. If it was $127, that's 50% markup.
Regardless, the whole thing is insane.
Yeah, I was going to point out the same thing as Joseph. Given a known markup, you would typically calculate a new sales price as follows: Selling price = Cost price * (1 + markup%) So if we want to know the markup the "on-sale" SO price ($150) represents over and above the price you would pay at Amazon ($78) for those Sunex sockets, you would use this equation and solve for the markup as follows: Markup% = (SO Price / Amazon Price) - 1. Substituting the figures Joseph mentioned above, this would be Markup% = ($150 / $78) - 1, or 92.31%. Thus, the "on sale" price SO is charging for those Sunex sockets represents a markup over the Amazon price of 92.31%. This is a lot more than the 48% you mentioned in your video. Note that the original price that SO dealer was charging ($170) represents a markup of a whopping 117.95% over what the general public would pay online. Wow, that's insane......
The thumbs downs had to have been from tool truck drivers and or wine cooler drinkers...
Spooky Hillbilly - or non smokers😂😂
California Coolers ROCK!
I was at Cornwell dealer for many years, and the interest rate you pay is based on your credit score. If you would have had good credit, the rates can be single digit. As far as profit on the Sunex set, The margin through corporate is 30%. I've often noticed products advertise at less than my wholesale price. The value comes in being able to warrantee a tool out without running to the post office, which you would frequently do with that product.
50 percent of 79$ is $40. You were right the first time. It’s 100 percent. What is 100 percent of $80? $160.
10 percent of 80 is $8.
20 percent of $80 is $16
30 percent of $80 is $24
40 percent of $80 is $32
50 percent of $80 is $40
60 percent of $80 is $48
70 percent of $80 is $56
80 percent of $80 is $64
90 percent of $80 is $72
100 percent of $80 is $80.
80+80=$160 (100 percent mark up)
80+40=$120. (50 percent mark up)
Math can be confusing for some. It’s all good.
The guy who has the money to pay cash for stuff gets the best deal.
Kash is King, always....
Absolutely. CASHE is King!
the internet and harbor freight will gradually put the tool trucks out of business. there was a time when the truck was the best option but no more. i remember young guys boasting that they had $30,000 worth of tools while they really had $5,000 worth and half of their paycheck was going to payroll deduction for the overpriced merchandise.
There will always be people who "need to have something" but don't have the money and have to buy on credit. If their credit is terrible, they are buying from somewhere like a tool truck.
truth matters HF will never have the quality of the tools on the tool truck and it’s not the truck’s fault your cousin is an idiot and bought more than he could afford! Plus there’s not even a HF within 45 min. near me it’s not worth my time driving 45 min. to HF to replace broken tools monthly or even twice a month.
I've been saying that for a while now.
Jimmy Grant
Lol true but for people near it is!!tool trucks are never the way to go
You're wrong because tool trucks don't sell on price, they sell on service so good luck getting warranty help from amazon..and amazon doesn't take $20 weekly payments
Remember. Tool truck people are trying to make a living as well. They provide a service. Remember that the tool truck owner has to buy the tools and have to make a living. If you dont want to buy tools off the truck then dont. But dont take it out on the tool truck person.
Our local snap-on guy lives on a waterfront property in a high end community. 😮
I was a big snapon guy, but started to buy other tools, like SK, CRAFTSMAN, ASTRO PNEUMATIC, then I got smart and quit mechanic work after 10yrs.
JAI M what you do now? I want to be smart too.
@@chuguanyu I sell fortune cookies
JAI M good choice
@@chuguanyu I get a good deal at Chinatown
Smart move!!!
Thank you for your uncut, uncensored view on what you need vs. what you want.
Well done, Justin. Keep up the good work and stay safe!
Subbed when you lifted the beer...
When you consider the wholesale price I don't doubt the markup is indeed 100%. Personally, I buy most of my tools either on Ebay, Amazon, or even HF. I especially look for refurbished.
Great advice and it’s awesome that you sincerely want to help other people from making the same mistake that you made - I sincerely respect you for that Justin - cheers
How could anyone not like this video is mind boggling ,it’s true and factual,I use to work a dealer auction and those Matco guys was like drug dealers when they came to the job
great video I totally agree with you
First off, thank you for your service in the military. It is inspirational that you: 1) initiated the research to evaluate past decisions, discovering both differences in markup and the real poison - interest over time, and 2) have the courage to buck the social pressure to buy MAC Tools, SNAP-ON, and so on blindly, and 3) the concern for others to share your knowledge paid for with your blood and sweat over many years. You Rock!!! What makes me sick are the executives at those companies living lives of fashion and luxury off of some of the most honest, hard-working Americans. We vote with our $ every time. Sharing knowledge like you are, is power for all of us.
Hi Justin I remember your video when you said you like to support your tool salesman and you appreciate the service and convenience now you have realized the impact which the true cost will have on your family‘s finances it’s really hard to justify the high cost and the high interest against their convenience always better to pay cash if possible really enjoy your videos keep up the good work
Ben Curphey I still appreciate the Tool Salesmen. When you need something in order to Finnish the job and they show up and help save the day. It’s worth it, but at what cost? This is what I’m just starting to realize. It’s far more of a mark up then I realized. Thanks for being a long time supporter. Cheers!
Hi Justin thanks for your reply I have been enjoying your videos before the big six I really enjoy your honesty especially when you show your partners opinion on tool expensive purchases I have only just registered on UA-cam so I have not been able to leave messages but will do in the future all the best Ben
I was looking for a vacume brake bleeder. Snap on had one for $98.75. Ended up buying one from PBT tools for $53 and it was identical to the Snap on. Also, both are made in Taiwan. Do your research and you can save a ton.
I pay for all my tools up front, and it didn't matter the brand. Tools came from Lowes, any truck, and Amazon. The only thing I finance are tool boxes because I like high end boxes. I got a Cornwell Pro Series cart and a 54 inch Pro Series. Believe me, I paid far less for that box than I would for the Snap-On equivalents (Classic and Heritage line to be exact). Not to mention the Cornwell has more drawer depth at 25 inches, compared to the Classic (24 inch) and Heritage (20 inch).
Joe Smith is a harbor freight mechanic. No mac or snap on tools. Park tools or harbor freight or Amazon tools. Some old Wal-Mart from before Joe Smith heard about Harbor freight. Few things from northern tool but that was the best deal. Joe Smith got bunch from auctions and garage sales as a teen. And still does. Some from Lowe's and Sears.
Nice! Hey whatever works for ya my brother! Cheers!
Justin, great video. In general, avoid debt. Buy what you can afford. Pay as you go. Knowledge is power.
I agree to buy online and find the best price. The tool trucks are a dying breed and they'll stiff you any way they can.
Nice job,great info !
You were right on your original math.
A tool at $50.00 on Amazon sold at $100.00 on the truck is 100% MARK UP
A tool at $100.00 on the truck at $50..00 sold on Amazon is a 50% DISCOUNT
In a matter of eighteen months on the job before my nephew passed away, he had accumulated close to $20,000 in debt off a tool truck. We got the call he had actually passed away alone in the shop doing some catch up work on an overnight. No sooner did we show up to meet management and ensure his equipment was all locked up, which it was cause his boss was a stand up guy, the truck guy shows up to collect all remaining tools he had outstanding. Jesus, can we at least get him in the ground first?!! They took everything he had at that shop and some. I will never buy off a truck period. Money will never replace a life and those people don’t know compassion. Everything was secured, surely it could have kept a few days at least but nope! I believe in karma so they’ll get theirs someday but please listen to this vids advice. Buy what you can afford to pay off quickly and know that used tools are as good as new. Bargain hunt, it’ll pay itself off long before the truck guy shows up at your door looking for money!
Justin Dow, you should check out Dave Ramsey and apply his principals in your life. You seem like you are full of regret for your past mistakes, and ready to not deal with the stress and pressure of debt altogether!! Let me know what you think of his principals and when you are able to start his baby steps!!
Advice from an old Man , "its not how much money you have it's how you spend it"
My friend you are spot on with the tool purchase advice.
Fuck those tool trucks dont be a sucker !! Good advice
Very very good info in this video. That debt will slow your future down. Someone somewhere said "It's not a fashion show". Keep that in mind. Great vid Justin.
I'm pretty sure the truck set is 100% up then the amazon which means amazon is 50% down, a 50 % markup on 50 dollars would make it 75
Exactly!!!
I think he is referring to, profit margin, which is different. 50% profit margin is the sale price of $100.00, is 50% cost, 50% profit if it cost the dealer $50.
To show my age, I went for my first car loan at age 16. Interest rates were 21% in the mid 80’s here in Canada. I asked what would be the cost of borrowing. After picking my jaw from off her desk, I politely declined and rode my bicycle for another year and a half. During that time, I had saved more $ for a down payment, and interest rates were much less. I based future financial decision on that example alone, and have never looked back.
Spot on with this video. In today's world you have options out there. Be smart,do the homework, put the extra effort in your tool purchase and make your dollars work for you.
Great advice! Actually you can find good brands from Amazon that are equal to quality of what you get from the tool truck, starting from SK, J.H Williams, Wright, Proto, Gearwrench, Knipex, Wiha, Wera, Klein, Channel Lock, Ingersoll-Rand, Grey Pneumatic, Sunnex, Milwaukee and De Walt. You can also get tools from various online distributors like zoro, Abolox, and Tool Source. Also check out Napa and Advanced auto parts. Also JH Williams is owned by Snap-ON and Proto is owned by Stanley-Black&Decker same as MAC.
When you go back in 5 years time with a broken tool, they don't care that they have to replace it for free.
You have paid for that 1 tool 6 times over.
"Yea but they come to my shop every week."
Amazon come everyday.
Really I did try to get a broken Snap-on tool replace with a dealer I caught going by but longer than five years, and he told me they no longer had that tool and I had to buy one at a much higher price. It was a short extension reducer.
It so hard watching a mechanic do math. But the advice is good.
Thanks for the video and honesty. Great advice on buying lesser quality tools until it breaks then think about upgrading.
Tool truck is ok if you need something right now. And have cash in your hand and will make good money for what ever your doing. I spent 400 bucks on a ratchet and a few other things but looking back I'm glad I learned a valuable lesson as you go you. Will see a tool something and think I'm going to need that don't know for what but I'm gonna need it doesn't have to be snap on or SK if it is good quality get it I did electric on the side. For years and little by little built up my stuff as any Master would but don't wast money on what ever One else has klein ideal greenlee make great stuff but other companies are stepping up milwaukee my go to but looking around limo not. Too bad haven't put it through the test yet but 1/4 the price if it seems good I'll get 2 more if it breaks toss. It.any way great show I like normal people like sitting around the fire having a smoke I'm sick now chemical got me real. Bad got me. On chemo and some hard pain killer's anyway great show
I have found the exact same in the UK for $38.44+$24.50 for shipping.
The interest is the killer in this case best thing is to buy second hand until you have saved enough then replace the old tool unless its working and keep the money some where safe like ya parents 👍
Hey Justin im just a DIYer but the reason the interest on all these tool trucks and credit cards works as a daily rate. That 23% apr gets divided up by 365 days and every day the principle and new money owed get multiplied by the daily rate so it grows and grows exponentially. Thats why your math got 30some percent. Mosy credit cards have about the same interest but on amazon like you noted you can at least get more tools for your buck. Great vids keep them up
The main reason I call them "Vampire Trucks". Dad taught me years ago, start small to build big. Buy the cheap tool, and upgrade them as you go, that way those cheap tools are making money as you go along.
That's funny! I carry a balance on the snappy truck and he don't charge interest. Bought a scan tool and it was done through snap on credit @ 9.4%... Pretty good interest rate for not even being in the industry as a job. It's hobby and sometimes a little referred side diagnostic work. All self taught through the years and I'm still learning. I work on anything from the late 80's to current stuff. I have sunex, blue point, gear wrench, craftsman, snap on, Mac, Matco and other knock off sockets. When I say I have those brands I truly do. Depends on what it's needed for. Small thin wall chrome sockets 1/4 & 3/8 I get from snap on and a few other brands for certain reasons but have Cornwell 3/4 in drive socket sets from the 90's when I worked on class 8 trucks before I went and drove them for 13 1/2 yrs, decided to have back surgery in late 2009 and was back to work 3 months and then out of work for 18 months before disability approved my case as I had a spinal fluid leak causing Arachnoiditis and still on meds and spinal cord stimulator to this day. Luckily up until I turned 37 I'd worked my ass off as otherwise I would've lost everything but working hard back then helps the disability check amount these days.
Great video. The first thing to consider is how much can you budget for tools per month. Once you determine the amount then don’t go over the amount. Your tool budget will cause you to rapidly determine which tool is a need verses a want. eBay is a great place to purchase quality tools (Snap On, Mac, Matco) at a better price. Remember, don’t go over your tool budget regardless of the reason.
You were correct the first time. If Amazon has it for $75 and cornwell is $150, that means CW is 100% higher than Amazon. 100% markup means you sell it for double what it cost you.
Bottom line is tool trucks prices extremely high. Of course you have to understand their overhead is extreme compared to Amazon also.
I knew a Snap-On guy years ago that didn't charge any interest; but he sure was expensive, though. I still remember him wanting like $200+ for a long handle 1/4 inch ratchet!
I still have my craftsman set from 25 years ago. I still use them, I use alternative tools, never buy off a tool truck.
Smart advice for the new and up incomers. I have been in the trade for almost 31 years, and am debt free with the trucks, as of last year. If I cant purchase it with cash, I don't really need it .
Hope to be there one day myself. Cheers brother! Always pay in cash if you can afford to. I'm working my way that direction. feel like it's going to take me a few years, but that is the goal.
I always enjoy and appreciate when guys in the trade try to look out for the new guys. So I hope this helps you as well. If interest worked the way is should, it would be as follows: 22.9% interest on 1000$ would be 229$. But it doesn't work that way. The interest rate (22.9%) is on the unpaid balance per month. Borrow/finance 1000$ first month interest is 229$. You pay 200$ against you 1000$ loan, you think your down to 800$ (if you don't buy any more tools). Wrong. You are paying 200$ against 1229$, your new balance is 1029$. At 22.9% interest on a 1000$ loan, 200$ a month will never pay it off. I had a Sears card years ago (24.8% interest) I had charged about 1200$ on the card. Before it was over (as far as I'm concerned) I had payed back over 3500$ because of the interest. They charge the 24.8% interest on the unpaid balance. Same as the tool trucks. The only way to stay ahead of the interest it to pay off your balance EVERY month. So my numbers might be a little off, but I hope you get the idea. God bless.
I bought a used blue point roll cart from a guy at work for 150 bucks, and a harbor freight box. I used these for like 6 or 7 years, then I bought my career box from Lista international. The Lista is very nice double bank, made in the USA, stronger than a snap on, and I paid 3600 cash which was easy to save up for while I had the harborfreight box. If I would have bought the equivalent off a tool truck it would have costed 8000 bucks .
How about not paying 3800 for a toolbox you have to pay minimum payments on, it's different if can afford it
I did it once bought a matco bottom box and dang I could have bought 3 harbor freight boxes off the interest i paid for it i agree with you on this
I bought a pick set on a Mac truck years ago for about 50 bucks. I was in a Walmart that same week and noticed a Stanley pic set that was about 6 bucks and looked exactly like mine, I opened the pick set and it had the exact same part numbers.
The bulk of interest payments are made during the first half of the loan. Over time as the principal decreases, the interest amount also decreases. It’s very similar with a mortgage and many other loans.
I didn't double check your math but you are definitely right. Good video. And cheers, I have my beers.
Indeed the tool truck math is crazy! You also have to consider the opportunity cost of the toolbox. See part 3 of my "Economics of Tool Buying" series on my channel.
Thanks brother. I'll be sure to check it out! Cheers!
You were right the first time. Twice the price = 100%.
Thanks for the video, I was thinking
about buying from the tool truck. I
really appreciated.. Thank you..
I really like my roller bearing Harbor Freight tool boxes. In one draw I have nearly 90lbs of 7018 1/8" electrode...opens nice everytime I grab some for my rod oven. I have seen what's called "Tool box wars" at work.... one mechanic buys a new tool box and everyone Joneses and starts buying new tool boxes. MAC, SNAP-ON, MATCO loved that. I just sat back and bought some of their used tool chests... still have some 30 years later. I needed some more tool boxes and went to Harbor Freight....their tool boxes are fine. I took off the US GENERAL TAG.
Why take off the US GENERAL tag? Just leave that puppy on there and laugh at everybody when they think you're the one being a loser 😂
@@mattrob15 Oh heck go online and buy a Snap-on 3D logo and slap it on the box. I went my entire career working out of a cheap Waterloo toolbox, after I retired I sold the Waterloo box for $50.00 and went down to Harbor Freight and bought a couple of their 44" boxes with side boxes, 1 locker and 2 uppers for all my tools. OH yeah the last thing I pick up 2 sets of those sockets and sell one to a co-worker for a $100.00 and if he argues show him the same set on the Cornhole truck for $149.00, Just kidding
I have a HF box. Love it. Bought it for cash. No tool truck debit. My 401k is going great.
Started at 17, 34 now and ive made my living with alittle of all brands. Just make wise financial decions guys. It may be only 20 or 30 a week but it adds up, especially when you walk on truck and automatically get talked into the next BIG tool real easy at a younger age.
I enjoy your videos Justin . Much better than most
im a couple payments away from finishing my matco of 3 plus yrs now. all that and very little stuff. part of that included a used kobalt box i no longer have. yes its helped my credit but not much. im own about 70% HF stuff and now im looking into stepping up my HF sockets and stuff since thats daily use. my advise is dont spend money on stuff you use maybe once or twice a year. im looking into my career storage box as well. good video man and good tips. also my sunex stuff i got on amazon.
It's hard to believe the trucks are still in business with places like Amazon but at those prices I understand why.
I go online to check prices too,from Tool source.I order from them and get free shipping,the prices are good too.I get a 41% discount on SK tools from a place in Van Wert,Ohio.Amazon,do have to watch it with warranties too.Grey Pnuematic does not warranty if bought on Amazon,Amazon is not an authorized dealer of Grey Pnuematic
I went on the cornwell truck looking for a certain head lamp, sure enough he didn't have that one but had a streamlight headlamp for 150. Seemed about right so he ordered it. Told my friend in the shop what I had bought and he started laughing. He said that another coworker just bought the same one for 65 on eBay. I cancelled the order and bought the same exact one for around 70 on eBay. Bought a lot of tools from eBay over the years. I noticed the tool truck will sell regular stuff that's not their brand for jacked up prices. I don't even go on the truck anymore when they show up.
Hell, the tool truck already gets their money back for the tool and then some. The interest is just gravy after that. Tool trucks are going by the wayside. There's so many just as good tools out there where you don't have to sell your soul to own them. Sure, when I was younger I bought Snap On tools, still have them to this day. But as you get older, the name doesn't justify the price anymore. And these days ? Snap On is friggin out of control. Excellent video, Justin.
An industry that routinely rips off their customers bitching about getting ripped off. Brilliant!
Good advice for taking on any debt not just tool truck debit. It would be that much on any loan or card with that interest rate. I've got both a truck account and EC account. I don't use the EC account and only use the truck account if there is something I need/want and don't have the cash right then. A $20/wk payment sounds small but at truck or many credit card rates interest adds up quickly.
The only thing holding me back from buying stuff on amazon is, if it breaks who’s gonna warranty it, how long does it take to get my tool back, and are they gonna let me borrow a spare one until mine gets replaced. Only reason I buy from tool tuck is because they can warranty it right then and there, no questions asked
Bobby Larkler Good question never had to warranty anything yet off of an online purchase, but I suppose you could always check with amazon or the seller and inquire about their warranty and return policy
warranty is typically attached with the tool. if the tool has a warranty it is almost always with the MANUFACTURER. the small advantage of the tool truck is IF you have a good dealer and he will let you borrow or do a swap right then and there. not everyone has it like that and even less if they aren't a heavier buyer. at the markups though, you could've had two sets of many tools.
Great message, good video, absolutely horrible math skills lol someone else already posted and explained compound interest but someone selling a product for $149.99 that costs $77.99 is not anywhere close to 50% markup. You were right the first time, its very close to 100% ...Just think about it. 100% of 77.99 is 77.99. So 77.99 plus 77.99 equals 155.98. They're charging 149.99...that's just about 100%. Not 50%. Wanna make the equation worse? The vendor selling at 77.99 +free shipping is also making a profit. Prolly costs around $15 to ship that plus they have to pay Amazon a percentage. Then they have to pay the irs. That there means they receive about $50 for that product. You know they want to double their profit as a business. This means that exact set the trucks want 149.99 on sale...Prolly only cost around $20 to maybe $25 from the actual manufacture of the product.
Yes but to get this price you have to buy quantity wholesale.
Distribution of goods is very inefficient.
Schyler Lewis what would be 130% markup?
I have been told by sales guys that "if we're not make around 150% mark-up, we're not going to be in business"
Margin and mark up are 2 different things! Think about only time you make 100% is if your cost was zero!
I think you also need to realize that when they negotiated with the manufacture of whatever tool that they probably get any tool at least half of the cost you will pay online, The seller online is probably marked up double of their acquisition cost as well.
Appreciate you sharing your experience.
Good job amigo y disfrutando de una tecate bien fria . Yeah those tools trucks they take Advantage off your situation
It took me a long time to learn that if I can't pay for it with cash, I can't afford it.
Hey please make more of these videos explaining these hidden tactics of the the tools trucks and other companies
Great video keep it up bro
Nothing wrong with buying from Amazon, Auto parts store, Garage sales, Swap meet/Flea Market, Home depot, Lowes, Harbor Freight, or just look and see if your tool guy has a used tool selection. I always ask to see what they have if I feel i want an upgrade or need something. Yea the tool truck gets me some time, but I'm more of maintaining my tools now over needing tools. I also like to show my Jr techs what I buy and why. I just let them know, what is easiest to get warrantied..... You can drop by this store on your way home to replace the broken tool vs. waiting until next week.
im a firm believer in quality and customer service, snap on does make a far superior tool than most, their open ended box wrenches don't spread open like my mac and matco ones do, they also don't rebrand like matco mac and cornwell, I had my matco dealer tell me to buy my 1/2 impact wobblies from snap on instead of them because they knew their sockets didn't hold up to the quality,i also had a matco dealer tell me that all the tools matco sells goes up a certain percentage across the board every year, one other thing to consider if applying for tool credit, snap on is the best, they do a fixed 5.99% interest rate at the time of your big purchase
I am convinced that a tool truck franchise owner makes similar commissions to a successful solar rep sales person or real estate agent. And probably much higher than a car sales man.
The more intervals the interest is compounded say 12 months vs daily it gets insane expensive
You might be able to knock down that 21.9% by getting a 0% balance transfer card or lower rate on Prosper or Sofi. If you have multiple credit cards use the "snowball method" to pay off the debt, where you pay only the minimum on the highest debts while you blast all you can at the lowest debt item, once it is payed off move to the next highest one. As you pay those off lock them away and leave them alone. It can take some time but you do make progress. If you have credit cards, the more that you can keep that balance away from the limit (card utilization) the better your score gets. I've seen a credit card debt converted to a Sofi loan jack a credit score up 50 points, credit card debt kills credit scores (along with late payments)
Buckle Up, Lets go! Thanks for the advice Brotherman. Cheers!
I buy used snap on tools, the best place to buy used or new tool truck tools is craigslist and Facebook marketplace. I have got awesome deals from locals. Ebay is the last on the list. Only shop there if I need one socket or wrench I'm missing.
One of the best advice for the T.O.T ..... good looking out Justin .....CHEERS !!!👍
These tool companies compound the interest weekly, or even daily, not monthly. Your 22% interest is really about 35% when they do this.
Not once in my career as an automotive service technician have I ever paid any interest to Snap On or Mac. Been wrenching professionally since '97. Maybe now I'll finally get a Snap On/Mac box? 😂😂
I try to buy from the truck when I can but $100. Difference is over the top. My Snap On guy seems fair and their ratchets are definitely worth the price.
I think the percent has to do with how interest works. Same thing as a house loan. In the beginning more of your payment goes towards interest and at the end of the payments more goes to principle and less to interest
The apr interest rate is the rate you
Would pay if you made regular payments over the entirety of the loan, the credit company’s get their money towards the beginning of the loan, later on down the road your payments will go more and more towards principle, once the loan is almost done as in the last year, you will be almost paying for only principle, this is why it’s important to pay extra especially towards the beginning of the loan, so that you can cut down the interest you end up paying. Hence doing so will also cut down the time of the loan, towards the end your payments will actually go down if you make extra payments because the credit company won’t have the balance to charge you, btw the extra 20-40 or even 50$ extra month goes a very long way in the first year especially!
There you go. I checked out Blue point box 1000 bucks I got 4 boxes +++ tool's at harbor freight for 1000 bucks the ratchets are not bad.
Great video thanks brother. I stick with my comment on your other video. Call the company up if you're going to get stuff online. Ask about the warranty process most will tell you two days you will have a new one. I know some want the broken one but most just want a picture. Keep up the great work see you in the next video thanks again brother
Scott Pearson TOOLS &MORE Thanks Brother Cheers!
Love your Channel
Thanks brother! Cheers!
Cheers Justin, you're a good man.
i used to run a rather large oilfield company and we had a snap on truck come in. i bought most all the repoed tools he had for what was owed on them (cash) no credit. i quit buying snap-on when i lost a 5/16" combo wrench and it was $27 to replace it. as they say "fuck that shit". hope you enjoy that Corn-Hole tool box it cost more than the first new truck i bought in 1979 actually when you figure in the interest you'll pay it's 2. trucks.
Another reason I almost use the tool truck exclusively is because when something breaks I dont have to chase down someone to warranty it. My Mac guy will warranty anything I own. He knows guys in all the brand trucks. I domt have time to be running to every stupid box store or emailing some jack wagon just to be told I abused the tool. I already knew that, just replace it.
Your right. The internet ( amazon ) has helped tec's . I bought my tool box used from MAC. still have it 20years later. If you have to buy from the truck buy specials whith good down. I had snap on mac harbor fraight when harbor fraight was not good. Also had craftsman. 1/4 inch sockets china, they dont break only lost. Watch your mony..
You can get sunex and more from your parts guys,most have a tool flyer and price wise waaay better than the tool truck with a one or two day delivery.
My buying experience with Snap-On throughout my career and moved out of that state.
Now when a tool/tool box gives out I've tried to get it fixed or replaced with a local Snap-on truck. They tell me to take it back to the original truck I purchased it from.
I no longer buy from them.
I just buy Craftsman or something along them lines now.
Good luck to all
I would say to get it in writing for whatever warranty it comes with that specific tool/box from the dealer. I never thought something like this would happen to me or anyone else.
Also the interest is amortized. The 22% is charged and the interest is paid first. As you continue to make payments the principal payment will be higher and interest payments will decrease. The reason for this is for them to recooperate their funds faster. There is a certain percentage of accounts that will not be completed and they know this so they will write them off leaving you with bad credit. They charge a high interest rate because they know when shit hits the fan the payments you are most likely going to stop paying on will be your tool payment. As opposed to your mortgage or something
Oddly enough I found the cheap $69 Powerfist orbital sanded feels and works as nice as the similar styled $400 Snap On model
Thank you for the tips. Happy memorial day sir
FYI on all Cornwell tools the first few letters of the part number tell you who made the tool. Also some of their impacts are the same as the earthquake impacts sold at HF!
Thanks I will investigate
excellent advice brother
Actually Justin that $61 was actually on the principle of the 3100 left and that's probably about 2% or whatever it is that they do for the that month in the annual percentage. I always payed cash and ordered online because the best tool is a tool that can remove the bolt on the project. Forget about tool truck names brands tools.