Snap On trade-in certificate on SEP boxes

[FLRover]

Thursday I purchased a new KRA2411 through my school on SEP, one of my deciding factors for buying the SO box over Matco was the trade-in certificate. Today I finally sat down to file away the paperwork from my purchased and noticed the fun little paragraph that makes this useless to people like me that don't use credit. To qualify all trade-ups must be on a Snap On Extended Credit (EC).

So the moral of this story is read all incentives your rep tells you about to make sure they aren't lying to you or telling half truths. I've now learned this the hard way and this is also the final nail in my SO coffin. I will never spend another penny with the company, I have had nothing but bad experiences with them and had nothing but constant lies told to me by the company and its representatives. I am very upset that I purchased this box over the Matco when I feel the Matco box is a better buy all around, I went SO because of this trade-in certificate. I have no one to blame but myself for not reading the certificate before handing over the $2300 since I already knew everyone involved with SO is a snake in the grass.


Please students be careful and don't make any similar mistakes as I have. Always double check.

 

[Tomato]

file for the credit and pay it off in the first month

 

[FLRover]

And pay interest? Screw Snap On period, even if they honored it tomorrow with a cash purchase I will be damned if I give them the privilege of my business again.

 

[bobcatdan]

If you trade your box off, it is to a dealer, not SO. A SO driver will give you trade in for your box weather you use credit or not. As for credit, about 90% of the time SO has pretty good rebates for using EC and 6 MONTHS NO INTREST. If you buy a box and put it on EC and pay it off next week, you will not pay a dime of intrest.

 

[FLRover]

The certificate is for full retail value of the box at trade in ($4395)

 

[Creditor]

Thursday I purchased a new KRA2411 through my school on SEP, one of my deciding factors for buying the SO box over Matco was the trade-in certificate. Today I finally sat down to file away the paperwork from my purchased and noticed the fun little paragraph that makes this useless to people like me that don't use credit. To qualify all trade-ups must be on a Snap On Extended Credit (EC).

So the moral of this story is read all incentives your rep tells you about to make sure they aren't lying to you or telling half truths. I've now learned this the hard way and this is also the final nail in my SO coffin. I will never spend another penny with the company, I have had nothing but bad experiences with them and had nothing but constant lies told to me by the company and its representatives. I am very upset that I purchased this box over the Matco when I feel the Matco box is a better buy all around, I went SO because of this trade-in certificate. I have no one to blame but myself for not reading the certificate before handing over the $2300 since I already knew everyone involved with SO is a snake in the grass.


Please students be careful and don't make any similar mistakes as I have. Always double check.

So Snap-on has a program where they will offer you a higher trade in value than what you paid for your box when trading up and you are upset that there are some terms and conditions to this offer?

Welcome to the real world.

 

[rsanter]

What's the problem
It's called marketing
File for the credit, trade the box in and get the bigger box
Pay 80% the first payment
Then make 2-3 more payments to pay the rest off
The interest they will earn from you will be very little and making several payments can help your credit.

Bob

 

[DARKSCOPE001]

sometimes they will offer some stupid trade ins on old boxes. When the box truck came to my hangar a while ago they gave guys crazy deals. I remember a guy i work with getting 900 trade on a kobalt 41"

But i really dont think that you will ever get something for nothing. i got kind of pissed off with my snap on dealer last week because he had a "deal of a box" going on after getting rid of the boxes i really wanted. the box was $5700 origionally 7900. Sorry guys i dont remember what the box was other than it was a master series i think.

Box was flat black with a top coated with rhino liner. and titanium trim. Very cool indded but 5700 was still to much so im getting off the truck and he says wait we can work it out how about 5500? so im like yea that sounds good pluss my 300 trade in?

So he hands me some paperwork but nothing is official yet. and i start looking at how much the box is and stuf. he didnt make the box any less like we agreed. he just made my trade in more so it would be like the box was 5500.

IMO if there is a snap on box you truly want. you would probably be better off going down to the bank and getting a personal loan and just buying the box and then paying off the loan to your bank. because the interest on the box i was looking at was 19.8% and i was told that it was a good rate from snap on from my fellow coworkers. Im not daft, I know a good interest rate and a bad interest rate and 20% is absolute ****! hence i walked off the truck without a new box.

Sorry that happened to you man. but every company has there little ins and outs. unfortunately you just got caught up in the game. pay it off as soon as possible and just be done with it.

 

[RV77]

You got the better toolbox with a better resale value.

 

[FLRover]

The issue isn't that the terms are that, it makes a lot more sense now that I see the catch. The issue is the rep lied through his teeth to me about the trade in deal and I should have double checked him but I didn't and got a $2235 burn.

This is just a warning to all students, just double check anything your rep tells you. If your a person that uses credit its a stellar deal, if your a cash customer shop around you may find a better fit for your needs.

Of my pass 4 SO dealers I've dealt with, only one (Kim Pearson) has never lied to me. Snap On acts like its a privileged to do business with them and I'm sick of it, Mac and Matco actively chase us students to give us deals so why do business with a bunch of dishonest assholes?

 

[transittech]

I had some bad experiences with my SO dealer at first, too, but after a few "discussions" with him, things straightened out, and he's a great guy now.*

I agree with creepingdeath, you got the better box. I'd sugest you get to know your dealer before you totally write off a company. SO gets lots of great reviews almost everywhere they turn up, and they don't do that by totally ******* off everybody. Don't let a few bad apples ruin it for you.




*(You mean to tell me that I have to buy these tools from you at full retail, but if I sell them in a year, they have less warranty than HF??)
(If I can't buy tools off a fellow mechanic and still have a warranty, that makes them kind of worthless doesn't it.)

 

[PT Doc]

Rat totally ***** that you will be getting $4400 in trade in after spending only half of that. That totally ***** and is unreasonable that they are taking advantage of you guys. Sorry.

 

[FLRover]

Guess you can't read. The issue isn't the trade value its the fact I was lied too and got burned. It's a simple warning to other students on here to be careful and double check their reps.

 

[cammok5]

im a student and about to do the same deal. i dont see the big deal though. if you have the cash to buy and not use credit just pay it off without the intrest.

 

[FLRover]

im a student and about to do the same deal. i dont see the big deal though. if you have the cash to buy and not use credit just pay it off without the intrest.

You will pay interested even if its one payment.........

 

[davesnothere]

So you get over $2k off the box, then get to trade it in for full retail, and you're bitching about it?
Somebody call the waaaaambulance.

 

[FLRover]

I figured it would turn into this............

 

[toddacimer]

If you wanted a deal you should have bought a used classic 78 on Craigslist for $1400-1600 or better yet a krl722 for 1800-$2200. They are easy to find and most are in pretty good shape.

 

[wornoutoldman]

You will pay interested even if its one payment.........

On a $4000 x 36 month @ 20% paid off in the first month, about 37 dollars in interest.

 

[Skin]

You will pay interested even if its one payment.........

unless snap-on credit is screwy, this is incorrect. Generally there is a grace period, basically if you pay your entire balance off in full before this period is up you pay no interest. Same goes if they offer you 0% APR for X months, pay off your blance in that time frame, you pay no interest. Pretty simple.

But for fun lets say you place a 10k purchase on credit at 20% APR and they ding you for 1 charge before allowing you to pay it off, you're still talking about less than $170. Your full trade in value is worth quite a bit more than that. Heck used market those things fetch less than 2k.

Just pointing out its not the end of the world and they certainly didnt screw you.

 

[FLRover]

Yeah been watching CL here for a year, guys want more than new retail for their boxes plus I wanted my warranty. The price couldn't be beat, I looked and made offers for a year. If someone bought a $20,000 box for $200 Im sure the "you should have looked on craigslist" quote would still come up.

Ok so $37. Not bad.

But I've been burned by SO for the last time so its not a factor anymore. Just make sure the deal is true before you buy.

 

[RV77]

FLRover - Have you called your dealer out on this or contacted Snap-On ? Maybe you can reneg on the deal and tell him to cancel it and get your certificate back ?

Also let this be a lesson......To ALWAYS read the FINE PRINT on everything you buy or do.
Cant let your guard down cause some greedy **** is always there to pounce.

 

[FLRover]

FLRover - Have you called your dealer out on this or contacted Snap-On ? Maybe you can reneg on the deal and tell him to cancel it and get your certificate back ?

Also let this be a lesson......To ALWAYS read the FINE PRINT on everything you buy or do.
Cant let your guard down cause some greedy **** is always there to pounce.

I will confront him Monday and go to his boss John at Crystal Lake if he won't make this right. He tells the same spill at every little SO presentation he does so I'm not the only person told this.

Yes its 100% my fault I should have double checked the incentive and read the certificate. I agree with you it was stupid of me to not read the fine print.

 

[FLRover]

Clauses like this are why I don't use credit anymore, especially SO. And no I have never had a repo or anything like that, its just stupid to sign away all your tools istead of just saving your pennies.

5. Grant of Security Interest. As security for your obligations under this Agreement, or any other agreement with Dealer or Dealer’s assignee, you hereby grant
Dealer a purchase money security interest in each item of Property you purchase under this Agreement until that item is paid for. As further security for your
obligations under this Agreement, in all states except where prohibited by applicable law for agreements of this type, you hereby grant Dealer a security interest in
each other item of tools, goods and equipment previously purchased or hereafter acquired from a Snap-on Dealer, and any and all goods and equipment
manufactured or distributed by Snap-on Incorporated or bearing Snap-on Incorporated trademarks or logos, together with all proceeds (including insurance
proceeds), accessions, attachments, additions, substitutions and replacements to and of such items (the foregoing and the Property are collectively referred to as
“Collateral”). If this Agreement is assigned to Snap-on Credit pursuant to Section 6 below, and if the Amount Financed includes a transfer of RA balance owed to
Dealer, then Dealer hereby assigns to Snap-on Credit any purchase money security interest that Dealer may have in any merchandise reflected in the RA balance
so transferred. In such case, Snap-on Credit shall continue to hold a purchase money security interest in such merchandise after such transfer. You agree not to
remove any Collateral from the state where the original sale was made without the written consent of Dealer or Snap-on Credit, if this Agreement is assigned to
Snap-on Credit. You agree not to sell, dispose of or encumber any Collateral until your entire balance due is paid in full. To the extent permitted by and subject to
applicable law, you agree and hereby grant to Dealer and Snap-on Credit or its agent or assigns the power of attorney and right to sign on your behalf and file or
record such financing statements or other documents as may be necessary to perfect or maintain the security interest granted by you under this Agreement.

 

[FLRover]

9. Events of Default. The occurrence of any one of the following events constitutes a default under this Agreement: (a) You do not pay at least the minimum
payments due or you otherwise become delinquent on any other obligation to Dealer or to Snap-on Credit or its assigns, or if this Agreement is assigned, to such
assignee; (b) you file or consent to the filing of bankruptcy or similar proceedings against you or you become insolvent, or your financial condition deteriorates
significantly and it appears likely that you will not be able to repay Dealer for any reason; (c) you die, become imprisoned or are declared legally incompetent; (d)
you at any time give Dealer information that is inaccurate, misleading or incomplete; or (e) you fail to comply with any terms or conditions of this Agreement.
10. Acceleration; Remedies. Dealer, or if assigned, Dealer’s assignee will have all the rights and remedies of a secured creditor under the Uniform Commercial
Code and any other applicable laws. In addition, if any one of the events of default occurs, subject to any right you may have under applicable law to receive notice
of and to cure such default, at Dealer’s option Dealer may (a) declare the entire unpaid balance due under this Agreement immediately due and payable; and (b)
repossess any Collateral in which Dealer still retains a security interest, and without limiting the foregoing, in the event this or any other transaction is assigned,
any Collateral in which assignee still retains a security interest but only in the manner and to the extent permitted by applicable law. If Dealer resells any
repossessed Collateral, Dealer agrees to pay you any surplus remaining (after deduction of the costs of repossession and sale and other costs, including
reasonable attorneys’ fees, to the extent permitted by law) and you agree to pay Dealer any deficiency in accordance with the Uniform Commercial Code. Dealer
may accept late or partial payments or any payments marked as being payment in full or as being settlement for any dispute without prejudicing any of Dealer’s
rights under or in any way amending this Agreement. Dealer’s failure or delay at any time to exercise any of Dealer’s contract, legal or equitable rights shall not be
deemed a waiver of these rights nor of the right to exercise Dealer’s rights at any other time. If Snap-on Credit becomes the secured party under this Agreement,
you agree that it is commercially reasonable for repossessed Collateral to be sold at public or private sales (in any state or county selected by Snap-on Credit) to
dealers or others in lots or pieces (with or without the Collateral being physically present) at used tool prices. In the event you do not pay all amounts due under
this contract and you are unreachable, or in the event of settlement or other events, IRS regulations may require Dealer to file a 1099-C form for informational
purposes showing the remaining unpaid amounts due under your original contract regardless of any dispute. The mere filing of such 1099-C does not itself
constitute a forgiveness or adjustment of any amounts due. The term “Buyer” and “Dealer” as used in this Agreement also mean “debtor” and “secured party”
respectively and include heirs, executors, or administrators, successors and permitted assigns of those parties.

 

[FLRover]

Instead of taking that risk you can just open a savings account and direct deposit 15% of your check into it. Next thing you know you can pay cash for that shinny new Master box.

 

[toyzuki]

if i make the monthly payment on my box by the 1st of every month
no intrest . bought blue box used from matco man for $2500.00
had it for 6 years . traded in for $2200.00 on this used orange box with

the black top for $6000.00 from snap on with easy pay cant complain .

but the wife did . till she seen price of a new one

 

[FLRover]

Thats a sharp box!

 

[toyzuki]

Thats a sharp box!

thanks good luck with the new box
i know i love mine and quality is unbeatabe

 

[bhalv]

Caveat Emptor.

 

[RCRGarage]

Caveat Emptor.

Pedes meos odorábunt.

 

[Hyster Gareth]

Got to love the small print!!

 

[cammok5]

i think if you pay off in full before 90 days there is no intrest. i think you can even miss your first payment.

ps toyzuki, have you ever had that sami at new egypt for there mud bog. think i might have seen it there once

 

[Toolman12]

I am not sure where you are looking at CL in Florida but i can pick out about 10 SO boxes in the Tampa area alone in 2 minutes all about half list price. Hell i will sell you my KRA2411 black in mint condition for about $2500.00 (Ha Ha not really) but i paid $1000.00 for mine and it was 2 months old and in perfect condition. If i were you i would call them on it and see if you can get some nice freebees for your trouble or tell them to stuff it up there rear ends and go and buy this for cash just listed in Bartow fl.
http://lakeland.craigslist.org/tls/3339454846.html

 

[FLRover]

I don't want used, do to the warranty, saving a few hundred dollars isn't worth not having a warranty. Now if I could get an amazing deal on the box used I would risk it (like your $1000 deal) but as I said watching CL for a year and came out empty handed.

And Monday I plan on giving them hell over this, I honestly believe the Matco box is better built and $700 less new. I bought this box because of the supposed incentives.

 

[Skin]

I don't want used, do to the warranty, saving a few hundred dollars isn't worth not having a warranty.

Im sorry but what is that warranty good for? Slides and wheels are dirt cheap compared to the savings of new. The best box today will be the vintage of tomorrow so its not like its going to be some super investment in 20 years either. Unless you actively try to destroy the finish there shouldnt be any other problems.

 

[FLRover]

Well good thing I didn't pay full retail.....

 

[Octarine]

You absolutely will not pay interest if you pay it off in the grace period. I had a guy like you who bitched about credit until I was able to give him $2500 off his box plus a $500 gift certificate. He paid nothing down, gave me $3000 the next day and the final $2500 two days later. All I had to do was call SO credit to get a payoff amount.

Reading more carefully, what exactly do you mean by a trade in cert? Are you referring to the 10% tool cert that you can redeem for tools on the truck or is this something else?

If you have already fucked up your credit so bad while still in school that you cant get qualified for SO EC, you are still in luck. The sbec 6 month almost no interest is capped at $1000 and the franchisee can overide the denial from credit as long as you havent skipped out on another snapon credit acct. or declared bankruptcy.

Really it sounds like miscommunication between you and your dealer.

Snap On fired me and I dont have a reason to cheer for them but their credit dept really is the best in the business. Ive not seen any problems that werent caused by the customer or the dealer ******* up paperwork.

 

[ihateminimumwage]

I will confront him Monday and go to his boss John at Crystal Lake if he won't make this right. He tells the same spill at every little SO presentation he does so I'm not the only person told this.

Yes its 100% my fault I should have double checked the incentive and read the certificate. I agree with you it was stupid of me to not read the fine print.

Do this. If you honestly think you were lied to, and it wasn't just an oversight on your part, call him out on it.

If it was your screw up, live with it. We all get fucked on occasion. Personally, I'd never buy a new box, or spend full price (maybe a Homak Pro; they are cheap enough).

It's all business, if you can't see that, then the best of luck to you. Personally I won't deal with dealers unless I absolutely need to.

 

[Shocker]

I honestly believe the Matco box is better built and $700 less new.

I agree. I have a Matco 4S and I feel it is a much better box than the comparable Snap On box. I also have a Cornwell Classic and I think that is a better box as well.