So I was flipping through a 1955 issue of Car Craft Magazine and the slip above fell out. Apparently, a man named Ernie Perez had charged up a $1,100 bill to Snap-On in 195...
To read the rest of this blog entry from The Garage Journal, click here.
- Thread starter Ryan
- Start date
So I was flipping through a 1955 issue of Car Craft Magazine and the slip above fell out. Apparently, a man named Ernie Perez had charged up a $1,100 bill to Snap-On in 195...
To read the rest of this blog entry from The Garage Journal, click here.
R6rider
Well-known member
Zrexxer
Well-known member
That would certainly make more sense... $1100 was a boatload of tools in nineteen-fifty-something. I wonder if Ol' Ernie ever paid it off...
Stuey
Well-known member
Yep. Looks liek$2.00 and $11.00 to me too. Still a pretty cool find.
STORMEASTON
Well-known member
Nope.......it's 1100.00........he just made his last 2.00 payment last week!!!
OP
Ha... You guys are probably right.
FoMoCoPower
Well-known member
It`s gotta be 11.00,I used to work at a Schwinn dealer in Chicago when I was in HS and the old man there always wrote his reciepts out like that.
Todd.Brock
Well-known member
The catalog.
Surely you are joking....
Todd.Brock
Well-known member
Yes, Im joking
Tman
Well-known member
I see the tool guys get their hooks in the young diesel Mechanics here at work. The tech schools actually HELP this process and bring the tool schlepps in to offer "special prices" to the students. I asked one if the tools were self lubing................
Joe69
Well-known member
I wonder if they even made $1100 worth of different tools back then. No metrics, few specialized tools compared to today, etc.
Joe
Joe
BigE
Well-known member
Aside from the debate over the amount, it's a pretty cool find. My family has a receipt from a Model T bought new from Ford. It was found in a trunk of my greatgrandmother's things. I need to find and preserve it.
I love old paper documentation, receipts, and manuals like that. Riding my bike through SW Virginia I stopped to look at a fellow's Model A that was parked outside. He saw me and invited me to look closer ... he even had the original owner's manual!
OccupantRJ
Well-known member
I have a much older friend still running a transmission shop in an old downtown building. He's like a second Dad to me. A few years ago, I was digging around on a mezzanine above his office area and found the old general store ledger book, accounting what had been sold for both cash and credit. One credit in the book was for a mule the store had sold, and the buyer was making $2 dollar payments on it.
krusty the clown
Member Emeritus
ryan, as far as your questions.........
how many go bad? when i was a matco dealer i had around 10% that defaulted and around 20% that were difficult to collect.
is the price of defaults built in? no.......the company couldn't care less if the tech never pay's, the dealer is the one on the line, the company was paid by the dealer.
cool reciept thanks for posting it. i have some reciepts from 80 or 81 i'll post when i can.
how many go bad? when i was a matco dealer i had around 10% that defaulted and around 20% that were difficult to collect.
is the price of defaults built in? no.......the company couldn't care less if the tech never pay's, the dealer is the one on the line, the company was paid by the dealer.
cool reciept thanks for posting it. i have some reciepts from 80 or 81 i'll post when i can.
FoMoCoPower
Well-known member
I have the reciepts for my dad`s Snap-On boxes from 1984 or 1985.
Jay H 237
Well-known member
That is neat! I like seeing old reciepts like that.
I have one from 1954 when my grandmother bought my grandfather a Craftsman scroll saw that I own today. I also have all the original paperwork from when my grandparents bought thier cars and trailers. One is from Brown's Trailer Village in Belmar, NJ from 1959, another from Schumacker (sp?) Chevrolet in Little Falls from the 60s and that dealership is still in existence. I also have all the paperwork from the 1939 Mercury they bought brand new.
I have one from 1954 when my grandmother bought my grandfather a Craftsman scroll saw that I own today. I also have all the original paperwork from when my grandparents bought thier cars and trailers. One is from Brown's Trailer Village in Belmar, NJ from 1959, another from Schumacker (sp?) Chevrolet in Little Falls from the 60s and that dealership is still in existence. I also have all the paperwork from the 1939 Mercury they bought brand new.
Vinko
Well-known member
I'd like to see copies of receipts for boxes from the years past
I asked my SO dealer one time about what his default rate was and he said he tries to keep it to 3%. As for collections that are difficult to collect, he said that there is some -- but as long as he stays on top of it, it doesn't get bad. In his younger days, he tells me, he'd go to their houses, or show up where they hung out, if he had to. He also added, that he'd rather get the money that repossess the tools.
freeloader
Active member
$1100.00 probably would have bought all the tools on the truck and the truck itself, back in 1955!
11 bucks seems more probable, how much was a Snap-on ratchet back then 3 bucks or so? Maybe 5 bucks
krusty the clown
Member Emeritus
well i got around to scanning a couple of receipts from 81. my first set's of matco wrenches and snap on ratchets. i wish they were that cheap again.
the prices are hard to read but.....
f726-$24.45
f731-$33.80
swcl11-$64.95
swclm10k-$59.95
the prices are hard to read but.....
f726-$24.45
f731-$33.80
swcl11-$64.95
swclm10k-$59.95
Last edited:
Adam@theHoffmanGroup
Member
- Joined
- Nov 23, 2009
- Messages
- 15
when I was a dealer I had about a 1.23% loss rate. which is a little more than the national average of 1%. thats 1.23% of gross sales of about 485k or about 6k last year. And I am hunting them still!!!