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Buy snap on tool box question

NelsonC

Active member
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Oct 18, 2012
Messages
35
Is it true that some of these expensive tool boxes may have a lien on them from the bank or something? If that's the case, how do I make sure it's clean and I won't have to deal with the lien after I buy it?
 
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toddacimer

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Sep 23, 2012
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Oshkosh, Wi
You can call Snapon with the serial number off the sticker on the back of the box. Most new boxes are financed through Snapon credit
 

jimindm

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Oct 29, 2011
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Location
Des Moines, Iowa
Snap on tools are like many other things. Most of their equipment has serial numbers. I do not know how far that number follows the life of that tool being resold and resold. I would guess that the person that owes the money on the tool, is who they are after.

Many tool boxes are sold through snap on credit. Some are sold through truck accounts. A larger corporation may not chase an unpaid box through the channels, but a dealer might. Just like many of us. It depends who's pocket its coming out of.

My personnel opinion is that with a brief conversation with the person selling it, you will know if it is on the up and up. After the initial sale of when it was new, that tag with the serial number, is just another sticker.
 
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justanengineer

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Apr 5, 2011
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Motor City
If it really concerns you, you could buy it used, pay cash, meet the seller in a dark parking lot, and drive away fast....

Personally, I wouldnt worry about it.
 

Eagle Point

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Sep 3, 2010
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Granite Bay,California
Funny that this subject came up. A "tech" at a dealership here in Roseville sold his 3-bay Snap-on box on Craigslist last week for $2000.00. It was financed through Snap-on EC. The selling dealer came to repo the box but found that it was gone. The tech was off that day so not sure what will happen next. When you finance through Extended Credit with Snap-on there is a UCC1 form that gets filed with the state which is a lien against your purchase. More than likely the box will surface in another shop in the area and get spotted by the dealer that services that route and the repo will still happen if the serial# can still be read :dunno:
 

jimindm

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Oct 29, 2011
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Des Moines, Iowa
Not a dealer, but I think that they can repossess any tools up to the amount owed. The lien is not only on the box, its on any tools that have been purchased. The problem with that is what are the tools worth. A financed box with every day wear and tear should still be worth what is owed. If making timely payments. Other tools are only worth what they are worth. A year old set of wrenches or screw drivers certainly are not worth new cost. It takes a lot of hand tools at 50%-60% to make up the cost of a tool box.

Many new boxes are run through snap on credit. When has anyone ever met one of them guys? Dealers are their network, and most do not want to hassle with repossessing tools for them, unless it is worth it to them. Remember that the dealer only makes money on the tools he sells.

If it is dealer financed he may chase it. But in the end they usually end up with a court order for payment and still no tool box. Usually by a judge that does not want to hear about a tool box, and has no clue what it is worth to begin with.

At the end of the day Snap On and their dealers sell tools on time. Buying tools off of tool trucks is more about buying credit then the tools. Although they are great tools.

Unfortunately its cost of doing business. Yes, I have my share of bad checks in my business. It does make me scrutinize the checks I take for a while, but in the end I still need to take them. I chase most of them and most are made good with just a few phone calls. The ones that are not, are just not worth time and added money to go to the court system.

I think most people are good people. Use due diligence in buying it. Maybe call the dealer and just ask. He may like to know, if he is owed money on it.

The fact you are asking the question on a tool forum, a red flag has been raised. I think most will agree screwing someone out of anything just is not right.
 

ed_v

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Joined
Sep 15, 2007
Messages
1,418
Location
Kentucky
I know a guy who worked at a dealership and was let go in the slow times. He owed Matco about $12K. He skipped out on payments for over a year. He joined the military and tried to sell me his box and tools for about $2K. There was at least $30k worth of tools there. I passed on it because I was worried about this issue as well.

I have a Snap-On KRL Masters series box and a KRA Classic series box, and had a KRA Heritage heries box. While I think Snap-On makes a great product, I still don't understand why anyone finances a toolbox.

Ed
 
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NelsonC

Active member
Joined
Oct 18, 2012
Messages
35
The fact you are asking the question on a tool forum, a red flag has been raised. I think most will agree screwing someone out of anything just is not right.

Not sure what you mean by that, should I not ask the question? How is that going to help with me stay in the clear in case there is something not right with the box?
 

jimindm

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Oct 29, 2011
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2,395
Location
Des Moines, Iowa
What I am saying is that if you are asking the question, then you must be unsure about buying a toolbox from some one. A toolbox that could have money owed on it, to a third party. A third party that may be screwed out of the money owed if there is no more toolbox, because you bought it.

Yes people finance the large toolboxes. Yes people pay off or own large toolboxes. They are bought and sold everyday. Could someone come after said property that was financed and not paid for? Yes. Do they come after you? Maybe.

Not sure that I could actually show a person that mine are indeed mine. I have financed them off the trucks, from the corporation. Have bought them at auctions, garage sales, private owners, tool guys going out of business, and outright off of the trucks. I have never worried much about the ones that I have bought, have never felt the need to ask are they paid for.

A fellow with no teeth, rolling up in a turd bucket, with a trunk full of tools or boxes, I will usually pass on.

So are you actually buying one?
 
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NelsonC

Active member
Joined
Oct 18, 2012
Messages
35
I've been looking for a while, was going to buy Craftsmen set, but didn't seem like a good idea anymore after learning these are no longer US made. I see about 10 large Snap on for sale on local CL, that was 3 weeks ago, now most lists are gone. Not sure if they are all sold, or just deleted.

Figured if I want to drop $3-4000, need to be sure about what I'm buying.

Does anyone actually have one of these boxes from this placehttp://www.strictlytoolboxes.com/ ? How is the quality
 
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