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Snap On Repo Traded Tools?

Kevin_James_Fan87

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Recently we had a new guy at my shop and the kid bought a bunch of tools off the truck on credit (about a grand). He got a couple of socket sets, a 1/2 rathchet, and a light. A couple weeks later he traded me the sockets and ratchet for a tool box I was going to sell him. The kid then sold the tool box to another co-worker once he found out he was going to get laid off but assured me he had paid off the amount he owed for the tools he had traded me. He paid off about half his bill but kept buying things on credit (he owes around 500 currently). He then got fired and stopped paying the snap on guy. Can the snap on rep repo the tools from me? It seems like snappy has a legal right to repo the tools because technically they weren't the kids tools to trade off if he still owed money for them but I feel like I'm getting screwed out of my tool box. If the tools do get repo'd do I then take the kid to small claims court to recoupe my losses on the box? Any info is appreciated.
 
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ADSR

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I don't think so! You bought/traded for them, they belong to you and the debt belongs to the kid. The truck can only go after the boy for money owed. If the kid sold them on craigslist, it's the same deal.
 

Harrison2

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technically I believe the tools still belong to snap on since his debt is outstanding but seeing as you traded to the value of them then you have paid your dues. im gunna guess that the tool truck driver personally wont repo the tools and a repo company wont come to your shop looking for a few sockets and stuff to the amount of $500. the finance company will take it into there hands and send him bills and when the late fees are racked up take something he physically owns to the value of the amount owed for example his tv, dirt bike, car etc.
 

Moose364

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I found this on another site awhile back. while looking up the same thing, guy has a good point.


It's still unsecured debt. Can Visa come after the things you buy on a card if you don't pay your monthly bill?

Snapon men like to perpetuate that myth, but the only way they get away with repossessing stuff is because they normally take it when someone isn't there.

I watched one try to repo an impact gun from a guy that bought it from an ex employee. The snapon man talked a lot of ****, but the tech locked it in his box and said "Go f**k yourself". The Snapon man said he'd call the cops because it was stolen, the tech pulled out a hand written receipt from the seller and said "call the cops, home boy owes you money, I don't owe you ****". I finally had to threaten the snapon guy with trespassing if he didn't leave (not our snapon man). He left.

Snapon credit has a collections dept, their no different than any other collections dept. To be perfectly honest, I would advise people to never ever ever ever let a snapon man repo something, as you can't control if he reports it to snapon credit or not. If your behind on your snapon bill, sell it on Craigslist, and pay off the account through snapon credit and NOT your snapon man. I've seen a lot of guys get f##ked hard by dishonest snapon guys and have no recourse. Granted they shouldn't have got in so much debt in the first place, but sometimes it's more a **** situation than someone's fault.
 

Kracin

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I found this on another site awhile back. while looking up the same thing, guy has a good point.


It's still unsecured debt. Can Visa come after the things you buy on a card if you don't pay your monthly bill?

Snapon men like to perpetuate that myth, but the only way they get away with repossessing stuff is because they normally take it when someone isn't there.

I watched one try to repo an impact gun from a guy that bought it from an ex employee. The snapon man talked a lot of ****, but the tech locked it in his box and said "Go f**k yourself". The Snapon man said he'd call the cops because it was stolen, the tech pulled out a hand written receipt from the seller and said "call the cops, home boy owes you money, I don't owe you ****". I finally had to threaten the snapon guy with trespassing if he didn't leave (not our snapon man). He left.

Snapon credit has a collections dept, their no different than any other collections dept. To be perfectly honest, I would advise people to never ever ever ever let a snapon man repo something, as you can't control if he reports it to snapon credit or not. If your behind on your snapon bill, sell it on Craigslist, and pay off the account through snapon credit and NOT your snapon man. I've seen a lot of guys get f##ked hard by dishonest snapon guys and have no recourse. Granted they shouldn't have got in so much debt in the first place, but sometimes it's more a **** situation than someone's fault.

sounds about right, unless it's in a contract that the item will be repossessed if payments aren't made on time, then they cannot just decide to repo the item instead of going after the money owed.

cars are repossessed because people who buy a 30k car,and then don't pay it off, won't be making that 30k payment anytime soon, but the bank can easily resell a car and get most of the money back on it while still raking in charges on money owed and late fees.

unless you signed something amounting to letting them repo your stuff if payments aren't made, then it's a simple exchange... you took the debt in exchange for the tools. the tools are yours and the debt has to be paid. if you don't pay the debt, they don't take the tools, you just get interest tacked on in late fees and such.




simple form - defaulting on a car loan allows a creditor to seize your car by contract.

not making payments to a credit department of snap-on does not give them to the right to take the property back. they are only entitled to the money owed. just how if you purchase items on a credit card, they cant take those specific items back if you don't make a payment or two. (unless they do of course have a clause in the contract stating they can repo items not paid for... i don't have a copy of their contract so i can't read what it says, anyone have a copy?)
 
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Marc Benjamin

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I think the reps do this whole tools repo song and dance more on the truck credit "lines" more so than the actual revolving account from SO corporate.

Also, a lot of mechanics believe this whole thing about a repo on a revolving credit line purchase myth well because they're mechanics. Yes, there are exceptions most mechanics are mechanics.


Heck even the bankruptcy courts have exemptions (current value up to around $7500 in CA) and can't seize tools of your trade that you purchased on credit and stopped paying on.


Anyways, how would the snap on guy know you have the tools anyway?
 
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Kracin

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I think the reps do this whole tools repo song and dance more on the truck credit "lines" more so than the actual revolving account from SO corporate.

Also, a lot of mechanics believe this whole thing about a repo on a revolving credit line purchase myth well because they're mechanics really. There are exceptions but it is what it is.

Anyways, how would the snap on guy know you have the tools anyway?

they assume you do.

but what it looks like after doing research is, apparently there are a few ways people purchase high dollar stuff from snap-on. either on snap-on credit, or with a loan from snap-on.... both are HORRIBLE choices if you have problems making payments. because they write their own terms. and it entirely depends on the contract you signed when you went in on this stuff.

if you sign a credit contract that says your snap-on credit is only good on the tool truck/online store, and failure to pay the balance on time allows them to repossess any items on file purchased on credit that will repay the balance of the account. then you just screwed yourself.

if you sign a contract to purchase a tool box and that contract says you make X payment per month until paid off and if you don't they repossess. then you just screwed yourself.


why bother doing snap-on credit and loan anyway? sounds like everybody is so worried about paying their crack dealer they stress themselves out 24/7 for the next 10 years. not worth a lick of that trouble. buy **** on regular credit so they can't come and collect anything when you need it to make the money to pay the balance. :beer:

i'm sure they can promote how much they are all about the working man. but their business model is 100% win for the company. even if it means taking their used tools back so they can put them on credit to another poor sap
 
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Charlief

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First off... Shame on the snappy dealer for loading up a new guy at a shop.

When a new starts at one of my shops it's cash in full until he's established at his new place of employment. Then I limit them to $500 on RA ( truck account). If a guy skips then it's my problem.

If he sells the items to some one in the shop.... It's still my problem with the original guy. I wouldn't ask the person who bought the tools from my original customer for the tools back. I'd offer to give him the money he paid for the tools so he wouldn't lose out but that all I would do. This has happened and most my established guys agree to this... I then usually will give them a future smoking deal on something they have their eye on as a thank you.

Now if it was say a tool box bought on snappy credit then that is a totally different story. That box would be taken back no matter who possesses it. If you buy a box from a coworker and you know he still owes on such box then shame on you. Just ask your dealer and he'll tell you if there's a note on the box.
 

Marc Benjamin

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Now if it was say a tool box bought on snappy credit then that is a totally different story. That box would be taken back no matter who possesses it. If you buy a box from a coworker and you know he still owes on such box then shame on you. Just ask your dealer and he'll tell you if there's a note on the box.



If the sticker on the side and the insides are off, how can the repo guy prove that a box was the box?
 

Charlief

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If the sticker on the side and the insides are off, how can the repo guy prove that a box was the box?

I'm not going to beat this into the ground. If guy A buys a box and sells it to guy B in the same shop I'm pretty sure I'm going to know its the same box.

If you buy a box knowing money is owed on it and think there's nothing that can't be done... Think again. I will get that box back. I will take legal action. If you want to scrape stickers off of boxes and buy them knowing there's money owed then you might be a guy I don't want to deal with on a business level... But I will sue you for that box and when you miss work days because you have to be in court or pay for legal fees... I'm sure it will be all worth it for you in the end. Then I get to post your picture on my truck with the public court documents so every one can read about it.

Now when I say "you/your" I don't mean this towards you Mr Benjamin. It's just easier to tell the story.

Luckily the relationship I have with my guys is a great one and I have weeded out the scumbags that are just out for themselves.
 

nelstomlinson

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I'd say they weren't the kid's tools to trade: he didn't own them, the dealer did. As others have said, the contract between him and the dealer will prove whether I'm right or wrong.

I would have made sure he owned them before I made the trade.
 

toolman9w

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I'm not going to beat this into the ground. If guy A buys a box and sells it to guy B in the same shop I'm pretty sure I'm going to know its the same box.

If you buy a box knowing money is owed on it and think there's nothing that can't be done... Think again. I will get that box back. I will take legal action. If you want to scrape stickers off of boxes and buy them knowing there's money owed then you might be a guy I don't want to deal with on a business level... But I will sue you for that box and when you miss work days because you have to be in court or pay for legal fees... I'm sure it will be all worth it for you in the end. Then I get to post your picture on my truck with the public court documents so every one can read about it.

Now when I say "you/your" I don't mean this towards you Mr Benjamin. It's just easier to tell the story.

Luckily the relationship I have with my guys is a great one and I have weeded out the scumbags that are just out for themselves.


Yep what he said :)
 

Kracin

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I'm not going to beat this into the ground. If guy A buys a box and sells it to guy B in the same shop I'm pretty sure I'm going to know its the same box.

If you buy a box knowing money is owed on it and think there's nothing that can't be done... Think again. I will get that box back. I will take legal action. If you want to scrape stickers off of boxes and buy them knowing there's money owed then you might be a guy I don't want to deal with on a business level... But I will sue you for that box and when you miss work days because you have to be in court or pay for legal fees... I'm sure it will be all worth it for you in the end. Then I get to post your picture on my truck with the public court documents so every one can read about it.

Now when I say "you/your" I don't mean this towards you Mr Benjamin. It's just easier to tell the story.

Luckily the relationship I have with my guys is a great one and I have weeded out the scumbags that are just out for themselves.


so on the chance that a bunch of guys in one shop have a bunch of snap-on tools. and one of them defaults on his lien but sells his box. and you see a similar box in the shop, without a sticker, you are going to take that guy to court to get his box instead???????


how is that going to work out? he could have purchased it from anybody, if he really did buy it from somebody on craigslist out of state, and it just happens to be the same color and combo that was sold to the guy who defaulted. you do realize how much legal trouble that would be for your business? i don't get how snap-on guys could walk over to a box they can't prove is the one they sold, and tell the guy to give it up... :dunno:
 

franzdom

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I'm not going to beat this into the ground. If guy A buys a box and sells it to guy B in the same shop I'm pretty sure I'm going to know its the same box.

If you buy a box knowing money is owed on it and think there's nothing that can't be done... Think again. I will get that box back. I will take legal action. If you want to scrape stickers off of boxes and buy them knowing there's money owed then you might be a guy I don't want to deal with on a business level... But I will sue you for that box and when you miss work days because you have to be in court or pay for legal fees... I'm sure it will be all worth it for you in the end. Then I get to post your picture on my truck with the public court documents so every one can read about it.

Now when I say "you/your" I don't mean this towards you Mr Benjamin. It's just easier to tell the story.

Luckily the relationship I have with my guys is a great one and I have weeded out the scumbags that are just out for themselves.

Wow :sad:
 

Charlief

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so on the chance that a bunch of guys in one shop have a bunch of snap-on tools. and one of them defaults on his lien but sells his box. and you see a similar box in the shop, without a sticker, you are going to take that guy to court to get his box instead???????


how is that going to work out? he could have purchased it from anybody, if he really did buy it from somebody on craigslist out of state, and it just happens to be the same color and combo that was sold to the guy who defaulted. you do realize how much legal trouble that would be for your business? i don't get how snap-on guys could walk over to a box they can't prove is the one they sold, and tell the guy to give it up... :dunno:


Are you serious? I obviously know all my guys. Just think about what you just said. I know who has what and I'm not going to randomly accuse. I'm not your typical dealer... My guys and I have great relationships. They invite to their parties... I invite them to my house for BBQs.... They send me Xmas cards.. Etc.

I'm not an idiot as you think I might be. I run an honest and ethical business. I couldn't be successful without my customers and more importantly their respect and trust. I'm sorry that you don't have that relationship with your dealer... If you have one.
 
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Scimmia

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I'm not going to beat this into the ground. If guy A buys a box and sells it to guy B in the same shop I'm pretty sure I'm going to know its the same box.

If you buy a box knowing money is owed on it and think there's nothing that can't be done... Think again. I will get that box back. I will take legal action. If you want to scrape stickers off of boxes and buy them knowing there's money owed then you might be a guy I don't want to deal with on a business level... But I will sue you for that box and when you miss work days because you have to be in court or pay for legal fees... I'm sure it will be all worth it for you in the end. Then I get to post your picture on my truck with the public court documents so every one can read about it.

Now when I say "you/your" I don't mean this towards you Mr Benjamin. It's just easier to tell the story.

Luckily the relationship I have with my guys is a great one and I have weeded out the scumbags that are just out for themselves.

You'd better have an iron clad agreement, or you're going to get counter-sued out of business with those kinds of practices.
 

Kracin

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Are you serious? I obviously know all my guys. Just think about what you just said. I know who has what and I'm not going to randomly accuse. I'm not your typical dealer... My guys and I have great relationships. They invite to their parties... I invite them to my house for BBQs.... They send me Xmas cards.. Etc.

I'm not an idiot as you think I might be. I run an honest and ethical business. I couldn't be successful without my customers and more importantly their respect and trust. I'm sorry that you don't have that relationship with your dealer... If you have one.

get defensive if you want, i put a scenario out there. if you don't know legally who owns what box and where it came from, you are in for trouble if you try to take somebody to court who you think has your box. you aren't the guys father or something, and doubt you know where they buy every item they own from. if you can't think of a way to prove that a box was yours besides "i know my guys", then good luck if a scenario involving more than one identical box in a shop, without serial numbers shows up and you take them to court. :dunno:
 
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toolman9w

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2 identical tool boxes in the same shop without serial number plates inside and out is very unlikely. Chances are the distributor sold at least one if not both in the same shop. And knows the character of both box owners. But if it did happen that way, there would be no way to prove one box over another.
 

Charlief

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get defensive if you want, i put a scenario out there. if you don't know legally who owns what box and where it came from, you are in for trouble if you try to take somebody to court who you think has your box. you aren't the guys father or something, and doubt you know where they buy every item they own from. if you can't think of a way to prove that a box was yours besides "i know my guys", then good luck if a scenario involving more than one identical box in a shop, without serial numbers shows up and you take them to court. :dunno:

LOL no hard feelings on this end.... I just think you misunderstood what Im trying to get across.

I do know all my guys. Every single one of them. It's what sets me apart from other dealers.

I think we've hijacked this thread and I apologize to the OP.
 

toolman9w

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Recently we had a new guy at my shop and the kid bought a bunch of tools off the truck on credit (about a grand). He got a couple of socket sets, a 1/2 rathchet, and a light. A couple weeks later he traded me the sockets and ratchet for a tool box I was going to sell him. The kid then sold the tool box to another co-worker once he found out he was going to get laid off but assured me he had paid off the amount he owed for the tools he had traded me. He paid off about half his bill but kept buying things on credit (he owes around 500 currently). He then got fired and stopped paying the snap on guy. Can the snap on rep repo the tools from me? It seems like snappy has a legal right to repo the tools because technically they weren't the kids tools to trade off if he still owed money for them but I feel like I'm getting screwed out of my tool box. If the tools do get repo'd do I then take the kid to small claims court to recoupe my losses on the box? Any info is appreciated.

No reputable tool distributor or tool company is going to come after you. Their beef is with the kid that sold them. If they are just tools no way to prove it.
 

Skyline

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they assume you do.

but what it looks like after doing research is, apparently there are a few ways people purchase high dollar stuff from snap-on. either on snap-on credit, or with a loan from snap-on.... both are HORRIBLE choices if you have problems making payments. because they write their own terms. and it entirely depends on the contract you signed when you went in on this stuff.

if you sign a credit contract that says your snap-on credit is only good on the tool truck/online store, and failure to pay the balance on time allows them to repossess any items on file purchased on credit that will repay the balance of the account. then you just screwed yourself.

if you sign a contract to purchase a tool box and that contract says you make X payment per month until paid off and if you don't they repossess. then you just screwed yourself.


why bother doing snap-on credit and loan anyway? sounds like everybody is so worried about paying their crack dealer they stress themselves out 24/7 for the next 10 years. not worth a lick of that trouble. buy **** on regular credit so they can't come and collect anything when you need it to make the money to pay the balance. :beer:

i'm sure they can promote how much they are all about the working man. but their business model is 100% win for the company. even if it means taking their used tools back so they can put them on credit to another poor sap

If Snap-on credit is involved, which they likely would be for a financed toolbox sale, trust me, you signed something that gives them the right to repossess. It's called a UCC agreement. Look it up, it's a secured loan.

Since there are no serial numbers on a socket or ratchet, if the OP denied he got them from the deadbeat, it would be impossible to prove. ANYTHING with a serial number can have ownership proven potentially.
 

Charlief

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Skyline.... You are absolutely correct. All snappy EC contracts have the state UCC filing fee.
 

warmpancakes

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Skyline.... You are absolutely correct. All snappy EC contracts have the state UCC filing fee.

41.00 In michigan, and snappy makes the borrower pay it,

I called on a tool box that was on Craigslist, price was cheaper then normal, I asked seller for model number he texted me a picture of the serial number Tag, I forwarded pic to my snappy guy, Kid still owed cash to snap on on the box, sellers snap on guy went and "picked up" the box next day
 

catch2otwo

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41.00 In michigan, and snappy makes the borrower pay it,

I called on a tool box that was on Craigslist, price was cheaper then normal, I asked seller for model number he texted me a picture of the serial number Tag, I forwarded pic to my snappy guy, Kid still owed cash to snap on on the box, sellers snap on guy went and "picked up" the box next day

Why not just have bought the box? Get a good deal on it and help the kid get out of some debt? Its no different than if I was trying to sell a car that I owed on. I would have sold the car, and used the money to pay off the lien. :dunno:
 

mechanicalmoron

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I think everyone making a car analogy is missing something.

Cars have titles - owning the title and owning the car are legally the same thing - however, leins can be put on titles, so that the bank still owns the car.

You can go repo something that somebody still has, but not something that they sold. They can't sell the car, because of the lein on the title - but if somebody sold me a part off a car, and then someone came and tried to repo it, they'd be in for a fight - if they repo it and it's bolted to the car, that's one thing, but if it's no longer on it, that's just the current state of the car, they can **** it, or get it from the original debitor.

Repo guys work in a legal grey area, by which I mean they're hired thieves. Sometimes of course things need to be taken back or otherwise pursued, but they way they often do this is highly immoral when not illegal - they routinely get away with stuff that should get them shot, simply because they're on the side with the money (obviously, since they're taking things that people couldn't pay for). It's an interesting mixture of intimidation/threats/lies, saying pretty please, and sneaking around and stealing things.

Snapon had no contract with you - the owner might have broken the contact, but then he owes them, you don't owe them anything, you're paid up on all your purchases. Don't admit anything about where anything came from, but even if it was proven, even if we are talking something with a serial, I don't think they have any legal right to do more than bluster at you.

If they demand it, say no, or tell them your price.
 
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Tim37

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The op only talked about tools being owed on not a box there is no way to prove where those tools came from or went too there is no sn on a ratchet. So unless they get the kid to testify in court to where the tools went they can't prove jack.

On another note If I where Mr snappy I wouldn't say jack to the op even if I could prove it because I wouldnt want to piss off a good customer over a few hundred bucks. Getting burned is part of the job and being competitive is hard when there's three other trucks coming by beating you to death with Taiwan pricing. Good relations is one of the few tricks you can hang on too.

A good question is what is the moral thing to do?
 

2oolhound

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Recently we had a new guy at my shop and the kid bought a bunch of tools off the truck on credit (about a grand). He got a couple of socket sets, a 1/2 rathchet, and a light. A couple weeks later he traded me the sockets and ratchet for a tool box I was going to sell him. The kid then sold the tool box to another co-worker once he found out he was going to get laid off but assured me he had paid off the amount he owed for the tools he had traded me. He paid off about half his bill but kept buying things on credit (he owes around 500 currently). He then got fired and stopped paying the snap on guy. Can the snap on rep repo the tools from me? It seems like snappy has a legal right to repo the tools because technically they weren't the kids tools to trade off if he still owed money for them but I feel like I'm getting screwed out of my tool box. If the tools do get repo'd do I then take the kid to small claims court to recoupe my losses on the box? Any info is appreciated.

Reading this through it looks like the kid had paid off the tools he traded him. Then he bought more stuff and ran up more credit. Since all his purchases are on record S-O can still go after him for any of them apparently. If this is what happened it pretty well diminishes any responsibility from the op here as he bought tools that were paid for at the time. This opens up a huge grey area.

You could probably get all the guys in the shop to drop their identical tools in a sack and then take turns pulling one of each out and no one would know which tools were in question. you could say I got this from Stan and that was pete's etc etc. I doubt the driver would be chasing after them anyway, he needs to go after the original creditor.
 

2oolhound

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Why not just have bought the box? Get a good deal on it and help the kid get out of some debt? Its no different than if I was trying to sell a car that I owed on. I would have sold the car, and used the money to pay off the lien. :dunno:

I seems warm pancakes only did a background check on the box. He didn't just rat the guy out. As it turned out the box had a lien on it and the driver went and repossessed it. Had there been no lien warm pancakes could have followed up on the deal.

I see where you're coming from here though catch22. Another way this could have gone down is how I bought an expensive tool once. I answered the ad but when I went to see it I was told it was in hawk at a pawn shop and he was going to lose it in the next day or two so he was selling it at a price he could pay the debt off and get a bit of cash in his pocket. He showed me his original receipts for about $5500. We went to the pawn shop together and he told the guy he was here to pay up. The guy put the tool on the counter, I grabbed it and checked it out and when satisfied I handed the broker $1600 who looked like he'd just been bamboozled but what could he do (what comes around goes around). We went back to the sellers house and I tested the tool further and paid him the other $900 he had been asking for. Street price would have been about $3500 at the time so it was a win - win - win.

Still don't see why that matters? For all you know, he had money from something else he sold to pay off his debt. Why make things harder for the guy? (just playing devils advocate here)

Further to the conversation and interest in trying to help a person rather than stomp on him - it's pretty pathetic what rats we're conditioned to be. From ratting out on our class mates and becoming the teacher's pet in school we've been conditioned to tattle on our peers our entire lives. The 1% keep passing new laws to make everything we do or enjoy illegal. When our fellow 99%ers cross the line or find a loop hole our 1st instinct is to report them to the 1%. When East Germans using crude Russian tools tore the Berlin wall down the Russian Stasi fled overnight back to Russia. They recklessly abandoned their offices with all their records. They'd run a fear campaign over east germany since the end of the war. Over the next several years the east german citizens went into those stasi offices, poured over the records and discovered 1 in ever 7 citizens were stasi informants, ratting out on friends, family and acquaintances. The stasi had a dossier on every east german citizen. One case was discovered where a man's wife was a stasi informant and was ratting out everything about him. Now those citizens all have access to fine West German tools;)

Even ********* criminals have an unwritten code amongst themselves to prevent selling out their fellow partners in crime. It's called honour among thieves. Unfortunately we 99%ers fail to recognize when we're all in the same soup and have no such code so we continue to play into the hands of the 1%ers even though we enjoy watching truth based movies like Robin Hood, Brave Heart, Rob Roy, Michael Collins, Gandhi etc, etc. Good on ya catch22 for not conforming to this rat mentality!
 

thatonedude

Well-known member
Joined
Feb 20, 2013
Messages
58
Location
kcmo
get defensive if you want, i put a scenario out there. if you don't know legally who owns what box and where it came from, you are in for trouble if you try to take somebody to court who you think has your box. you aren't the guys father or something, and doubt you know where they buy every item they own from. if you can't think of a way to prove that a box was yours besides "i know my guys", then good luck if a scenario involving more than one identical box in a shop, without serial numbers shows up and you take them to court. :dunno:

I'm pretty sure if a dealer sells you a box he has a the serial number on hand so all he would have to do is match numbers.
 

Givl Reggin

Banned
Joined
Oct 11, 2008
Messages
936
Location
Hawaii, USA
but assured me he had paid off the amount he owed for the tools he had traded me. He paid off about half his bill but kept buying things on credit (he owes around 500 currently). He then got fired and stopped paying the snap on guy. Can the snap on rep repo the tools from me?


Snap-on has a 'cross collateralization' clause in their paperwork - this means that default for the debt for any of the tools/equipment amounts to default on ALL collateral that was bought from them and Snap-On can come get their collateral.

However, he can legally transfer ownership of any Snap-On item at any time to someone else before that loan is paid off, and there's nothing Snap-on can do about it.

But he still owes Snap-On the money. If he doesn't pay, that is a matter between him and Snap-On. It doesn't matter if the item is in your possession or was given it away, resold, or tossed in the trash compactor.
 

madcrisis

Well-known member
Joined
Dec 3, 2013
Messages
216
Keep pretending the sticker is the only way for them to identify the box. That's cute.


What re the other ways? I'm honestly asking out of curiousity. Reading through this thread it seems the serial numbers are only on the stickers? I'm surprised snap-on doesnt stamp the metal...
 

xj31

Well-known member
Joined
May 6, 2011
Messages
290
What re the other ways? I'm honestly asking out of curiousity. Reading through this thread it seems the serial numbers are only on the stickers? I'm surprised snap-on doesnt stamp the metal...

They do. It's stamped in the back of every Snapon box I have ever owned
 
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