To avoid these ads, REGISTER NOW!

CoThG's Toolbox question thread

Odd-job

Well-known member
Joined
Aug 13, 2017
Messages
2,256
Location
SF Bay Area
You will see a "hard pull" on your credit report if you file paperwork for a snap on credit account, the official interest charging type. It will show up on a credit report like applying for a loan would. Upon completion it will have a listing of completed on your credit report, and the account status as closed.

I've seen people use it to build or repair credit before. And so long as they pay, it will do so. Works great for people who can always make a payment but never save a dollar. Yes they pay interest on a product with built in truck account payments already in the price. But if you have a 350 credit score one may not have a lot of options to try and fix that score.
Thanks make sense. Pretty much consumer lending hopefully at a decent rate, but highly dependent on one's FICO score for obvious reasons.

Seems like the payment terms from this thread seem sensible especially since buying tools in theory is to make money and a investment in one self. Even for a nice box. Within reason of course.

Financing luxury auto purchases at $1,200 a month plus for 5 years still doesn't make sense to me. Safe to say depreciation on those is much worse than truck tools.
 
To avoid these ads, REGISTER NOW!

crewchief888

Well-known member
Joined
Dec 3, 2009
Messages
13,736
Location
NW indiana
"back in the day" of my tool buying, i got paid on friday and cashed my check at the bank down the street. mac, matco and SO all showed up on friday afternoon. :(
most of my check was gone by the end of the day:cry:
usually had enough for gas for the week, and sometimes went out for a burger on friday night.
i wasted the rest of it on guns and ammo:Gun1:
 

BarrelRoll

Well-known member
Joined
Jan 10, 2006
Messages
415
Location
Alaska
While I'm sure it's a massive inconvenience, requiring boat or helicopter to reach your workplace sounds pretty cool.
It's a 2 hour trip you get on a bus at work's parking lot, to a boat, to another bus from port to the mine camp, put your stuff in your room and hop in a short bus with mud tires and LED lights to get up to the mill bench. I do it once every 2 weeks, some people do it daily. The only way you are getting a chopper ride out is a medical emergency, if a family member dies and you need to catch a flight, if your wife has a baby, or the odd chance there's a bird headed back to town with room.

20220330_181046-jpg.1641607
 

xjfish

Well-known member
Joined
Feb 22, 2014
Messages
1,290
My payments are typically $40-50/wk to each tool truck guy (we have Mac, Matco, and SO) IF I have a balance with them. I usually don't carry much of a balance at all. If I make a larger purchase, say over $300, I will often pay $100 up front. If I spend a small amount, it gets paid in full. I used to try to have cash for payments but it usually gets racked on the CC nowadays.











4
 

pizzabooty

Well-known member
Joined
Jun 15, 2022
Messages
53
Location
Highland, MD
i currently owe about $2k to my matco guy (yes i buy a lot of tools from him), paid $200 biweekly, the day after i get my paycheck. it's easier to just account for the $200 less paycheck than it is to try and budget and pay him weekly.

snap-on, i pay $50 biweekly and my balance is about $500. i try not to buy things from snap-on though, mostly because i have most everything i need, and i like my matco guy way more.


highest balance owed on a tool truck account that i know of is probably $4-5k, because my coworker bought a matco maximus flex pro and a subscription (immediately after paying off his $2-3k balance previously). if we're talking credit accounts, he owes probably $16k to his snap-on guy because he bought a massive triple bank masters box.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
I see lots of SnapOn toolboxes for sale on Facebook Marketplace locally.
I wonder how many are fully paid off?
How do you check and ensure the seller isn't lying if they claim nothing is owed on the box?
Is there any repercussions if I were to purchase a box that the previous owner still owes on?
Could the SnapOn tool truck guy try and repo my newly purchased box if the seller sold it for cash and didn't repay SnapOn?
 

texasprd

Well-known member
Joined
Sep 6, 2010
Messages
376
Location
San Antonio, TX
The law around this topic doesn't change - it is long-established. Methods for checking to see if a box is paid off probably don't change much either - I know that has been brought up in previous discussion. All of your questions have been discussed previously. Seeing the same stuff over and over again isn't new input.

I recommend finding an attorney that offers a free hour of initial consultation and getting the attorney's advice. Or try reading up on the legal topic of "bonafide purchaser".
 

yellowbox

Well-known member
Joined
Dec 9, 2008
Messages
4,683
Buy it , who cares if there is a balance owed ?
It's not gonna get repossessed, cause no one knows you own it ,and your not liable for someone else's debt
 

NYBODYMAN

Well-known member
Joined
Sep 10, 2013
Messages
4,823
Location
NY
Buy it , who cares if there is a balance owed ?
It's not gonna get repossessed, cause no one knows you own it ,and your not liable for someone else's debt
This^^. Don't provide any information like name or address. No one will ever know you have it unless you flaunt it.
 

Steve_P

Well-known member
Joined
Sep 15, 2010
Messages
5,181
Right, because that's not like buying stolen goods. No, it's the same. Ok, it's just partially stolen. Sheesh.
 

yellowbox

Well-known member
Joined
Dec 9, 2008
Messages
4,683
Right, because that's not like buying stolen goods. No, it's the same. Ok, it's just

Right, because that's not like buying stolen goods. No, it's the same. Ok, it's just partially stolen. Sheesh.
Whatever, free goods,stolen goods expensive goods , cheap goods who ******* cares
I seriously don't understand all the " oh my God, it could be stolen or only partially paid for!!!! "
So what .......
 

ike

Well-known member
Joined
Apr 9, 2009
Messages
332
Anything you buy on Craigslist may have debt behind it. A Snap on wrench, a Rooms to Go bed, a TV from Best Buy, an Ikea mattress, who gives a ****? If you are that worried about it, don't buy used. Otherwise, buy it and nothing will ever happen because it's not your problem.
 

neophyte

Well-known member
Joined
Apr 23, 2012
Messages
9,531
Location
Pennsylvannia
If you’re really worried about a “stolen” toolbox (ie. One that hadn’t been paid off),
Look for a box from 20 years sho or older, that is still in good shape.
The price will likely be lower, and after 20 years, it’s doubtful any body is searching for that “stolen” box, unless it was stolen more recently from an actual owner.
 

IRQVET

Well-known member
Joined
Jun 29, 2015
Messages
1,188
Location
Forgotten Coast (FL)
Being 100% honest, it doesn’t matter if they are paid off or not. If the seller haven’t paid them off but decides to sell them anyway, there is no blow back on you as a buyer (unless that is disclosed and the balance is somehow transferred) and its the sellers problem that will pay out in civil court, if Snap On decides to go that route.
 

JazRedGT

Well-known member
Joined
Aug 8, 2013
Messages
237
There is no "title of ownership" that follows a Snap On or any damn toolbox like a car or a home. Buy it. The seller needs to figure out how to pay the debt. Has absolutely nothing to do with you.
 
To avoid these ads, REGISTER NOW!

honcho

Well-known member
Joined
Feb 2, 2011
Messages
2,288
Location
Near Sodom & Gommorah (aka Wash. DC)
In defense of the poster, the GJ search function isn't the greatest. Just because it's been discussed before doesn't mean a cursory search will pull up the relevant older threads. Perhaps AI and a search outside GJ will help this in the future.
 

Pig_Pen

Well-known member
Joined
Oct 5, 2016
Messages
127
The question would be whether or not the box has a lien against it. If not send like it would be between the previous owner and his creditor.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
The question would be whether or not the box has a lien against it. If not send like it would be between the previous owner and his creditor.
Upon further research, since there is no title for the toolbox, if the original owner sold it and still owed money to Snappy, that would be between Snappy and the original owner to settle.
 

neophyte

Well-known member
Joined
Apr 23, 2012
Messages
9,531
Location
Pennsylvannia
You might want to avoid buying a used box that wasn't paid off, if that box was sold by the same Snap-On driver you use.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
You might want to avoid buying a used box that wasn't paid off, if that box was sold by the same Snap-On driver you use.
Why? That would be between the Snappy driver and the original purchaser.
 

neophyte

Well-known member
Joined
Apr 23, 2012
Messages
9,531
Location
Pennsylvannia
Why? That would be between the Snappy driver and the original purchaser.
According to a Snappy driver who was/is a member here, the Snappy account agreements allow the Snap-On driver to repossess ALL Snap-On branded items from a customer if that customer foes not pay his bill.
This includes items that have been paid for, as well as the items that haven’t been paid for.
The Snappy guy has to due the due diligence, of listing all the Snap-On items, and what he sells them for to settle the customer’s bill, and return surplus amounts over what is owed, but the credit contract gives a Snappy driver wide leverage for unpaid accounts.

If you buy your tools fully, outright, then the Snappy guy may have no reason to seize YOUR tools, but if you work out of the same shop as the deadbeat who didn’t pay off his box, I can see a pissed off Snappy guy seizing the box, along with your tools “by accident”, thinking the box still belonged to Snappy guy.
I also image the Snappy guy seeing what he might consider a “Stolen” or unpaid for box, that he might still consider his, will not go well with good customer dealer relations, or getting possible deals and discounts.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
According to a Snappy driver who was/is a member here, the Snappy account agreements allow the Snap-On driver to repossess ALL Snap-On branded items from a customer if that customer foes not pay his bill.
This includes items that have been paid for, as well as the items that haven’t been paid for.
The Snappy guy has to due the due diligence, of listing all the Snap-On items, and what he sells them for to settle the customer’s bill, and return surplus amounts over what is owed, but the credit contract gives a Snappy driver wide leverage for unpaid accounts.

If you buy your tools fully, outright, then the Snappy guy may have no reason to seize YOUR tools, but if you work out of the same shop as the deadbeat who didn’t pay off his box, I can see a pissed off Snappy guy seizing the box, along with your tools “by accident”, thinking the box still belonged to Snappy guy.
I also image the Snappy guy seeing what he might consider a “Stolen” or unpaid for box, that he might still consider his, will not go well with good customer dealer relations, or getting possible deals and discounts.
First off, the Snappy dealer isn't a lawyer and the law isn't on his side. If the original purchaser sold a box he still owed on, then the Snappy dealer would have to go to court in order to force the original purchaser to pay the balance left on the box.
Secondly, I'm not a mechanic at a dealer and if the Snappy dealer tried to steal my box, from my home, he'd be getting an up close and personal tour of the inside of the morgue.
 

jimindm

Well-known member
Joined
Oct 29, 2011
Messages
2,395
Location
Des Moines, Iowa
My dealer just told me that corporate is getting serious about this. They are and do go after delinquent accounts.

So much so that they are now dinging the selling dealer, when a deal falls through. He said there was just to many dealers selling toolboxes in the past, through corporate credit. Knowing they could get a dealers cut weather the deal was ever paid to SO Corp.

I think it is kind of funny to read that a dealer for SO could take a box, unless the guy owing is standing there. I would imagine many have been picked up at parents, grandparents, inlaws and exes.

The box has a serial number on it and it is paid for or it is not.

I am sure laws vary from state to state.

If i was buying one, I would be getting some kind of receipt stating the person I was buying it from owned it.

Lastly I would guess from just asking a few questions, you would get a pretty good idea the story behind it. If it doesn't sound right, it likely isn't. Time to pass.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
My dealer just told me that corporate is getting serious about this. They are and do go after delinquent accounts.

So much so that they are now dinging the selling dealer, when a deal falls through. He said there was just to many dealers selling toolboxes in the past, through corporate credit. Knowing they could get a dealers cut weather the deal was ever paid to SO Corp.

I think it is kind of funny to read that a dealer for SO could take a box, unless the guy owing is standing there. I would imagine many have been picked up at parents, grandparents, inlaws and exes.

The box has a serial number on it and it is paid for or it is not.

I am sure laws vary from state to state.

If i was buying one, I would be getting some kind of receipt stating the person I was buying it from owned it.

Lastly I would guess from just asking a few questions, you would get a pretty good idea the story behind it. If it doesn't sound right, it likely isn't. Time to pass.
There is nothing prohibiting the original purchaser from selling the box while he still owes on it. If he doesn't pay SO, then it's up to SO to take the original purchaser to court to get their money.
 

Etchase

Well-known member
Joined
Nov 10, 2017
Messages
1,961
Location
Hawaii
I’ve read somewhere SO files UCC 1’s when they finance a box as opposed to a driver. Is this not true?
 

neophyte

Well-known member
Joined
Apr 23, 2012
Messages
9,531
Location
Pennsylvannia
First off, the Snappy dealer isn't a lawyer and the law isn't on his side. If the original purchaser sold a box he still owed on, then the Snappy dealer would have to go to court in order to force the original purchaser to pay the balance left on the box.
Secondly, I'm not a mechanic at a dealer and if the Snappy dealer tried to steal my box, from my home, he'd be getting an up close and personal tour of the inside of the morgue.
There is nothing prohibiting the original purchaser from selling the box while he still owes on it. If he doesn't pay SO, then it's up to SO to take the original purchaser to court to get their money.
Maybe, but there is usually a great deal of **** to deal with when two separate parties claim ownership to the same item.
Exact specifics may vary by state.
In some US states, a debt becomes uncollectible after 20 years without payment.
In other states, the debt becomes uncollectible much sooner (maybe 3-6 years).
The problem with a Snappy box, is that a Snappy dealer may try to repossess the box, even if it has been sold by the purchaser, at which point repossession laws can come into play.
If you have multiple mechanics at a dealership, and the Snappy dealer comes to repossess a box, would all the people at the dealership actually “know” who the box legally belongs to?
And would those other people actually stop the Snappy dealer, especially if they know the Snappy dealer ?
When a business goes bankrupt, everything on the business property is sometimes seized for liquidation sale, regardless of ownership.
Having YOUR items, on someone ELSE’S property, in a box purchased by a THIRD party, who didn’t finish paying for the box, and the box has a serial number, potentially indicating ownership raises all sorts of issues.
 

MOS3522

Well-known member
Joined
Nov 6, 2022
Messages
1,768
Location
Colorado










 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
Reading many threads here, it seems like most new SnapOn boxes are purchased on credit. Why do so many mechanics want to sell their SnapOn boxes, which seem to be the "Holy Grail" in regards to mechanic's possessions?
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
Because they realized that a $10k box does the same thing as a $1500 one.
There seems to be a large element of "street cred" amongst mechanics in regards to their toolboxes. Why would they degrade to a lesser brand and loose face in the process?
 

Firebrick43

Well-known member
Joined
May 12, 2015
Messages
13,975
Location
West central Indiana
There seems to be a large element of "street cred" amongst mechanics in regards to their toolboxes. Why would they degrade to a lesser brand and loose face in the process?
You have two different scenarios I have seen.

1. The tech isn't a tech anymore and has left the field and trying to get out from under the payments.

2. They are upgrading to an even bigger box.

I have never seen the scenario personally that chris142 stated. Seen plenty of techs refuse to join the rat race of snap on boxes but never one that purchased one and decides to downgrade while still in the trade.
 

Lassen Forge

Well-known member
Joined
Apr 26, 2014
Messages
15,000
Location
The romantic hills of central Umbria, Italy,
Thing is you can actually CONTACT SO and find out if a box is owned, owed, or hot. Of course, the truck used ones may not show up... but still, if you don't do due dilligence in buying an SO box, welll,,,,

BTW SO boxes are built and staged different than others, so they (for that reason) have a certain panache... I know of 2 I really would love to grace my shop with... but for the buy in, I'll stick with my 45 year old C'Mans.... I worked out of a Maximizer box for a while... GREAT boxes, but the layout is different.
 

Boogerman

Well-known member
Joined
Jan 28, 2021
Messages
832
Location
aspen cove hill
Firebrick43 has it right. It's a mantra on the GJ that techs have no money smarts, buy Snap-on tools and boxes on credit, then skip and sell for low dollar with money still owed on them when they eventually fail. I personally have never seen that or known a tech in that position. The dealer is usually agile enough to reposess or work a deal to buy back before that happens.

It's also a common thought here that as long as a box has a similar number of drawers and is painted a similar color, it is just as good and will work as well for a professional as a Snap-on box, and techs that own Snap-on are just vain and stupid. In reality, although the price may be high, once a professional owns it, they generally are very satisfied and keep it forever, and use it as a second box or take it home when they upgrade or when they retire. Or, trade it in on a bigger/better/newer model. I've never known one who traded a high quality truck box for a cheap one, because they thought it was just as good. I've known a couple that traded because of financial hardship, with the intention of trading back up as soon as they could afford. I've also known a few that deliberately used a less expensive box, purely because they wanted to save money. They made no pretense that it was as good as the better boxes, just said it wasn't worth the money to them to have a better one.

I have bought numerous Snap-on boxes with tools, and most have been from guys that for medical or health reasons took another job and then had no use for the tools and the box. A couple have been from guys that retrained and got a better job and said they'd never touch a wrench again. One was from a guy that went from automotive to milwright and the automotive box and some of the tools weren't suitable for the new work. The guys that leave the industry because it doesn't suit them generally bought their Snap-on stuff at student discount, and are trying to sell for more than they paid, otherwise they'll keep it for their home use.

I see a lot of retired techs trying to sell their box with well worn tools, often mis-matched and redundant sets and obsolete specialty tools, for 50% to 75% of what they had into them over the years. Those just stay for sale or reside in storage until they die and their family liquidates more realistically.

The guys selling a nice box, clean and polished, without tools, for top money are techs that have upgraded and hoping to get a bit more out of the box than the trade-in. If it doesn't sell, they eventually trade it.
 
OP
C

CoThG

Well-known member
Joined
Dec 10, 2022
Messages
638
Location
Ohio
Thing is you can actually CONTACT SO and find out if a box is owned, owed, or hot. Of course, the truck used ones may not show up... but still, if you don't do due dilligence in buying an SO box, welll,,,,

BTW SO boxes are built and staged different than others, so they (for that reason) have a certain panache... I know of 2 I really would love to grace my shop with... but for the buy in, I'll stick with my 45 year old C'Mans.... I worked out of a Maximizer box for a while... GREAT boxes, but the layout is different.
Actually, there are many posts here stating that is not the case. SO credit will not tell you if a particular box is paid off or not since you are not the borrower.
 
To avoid these ads, REGISTER NOW!
Top Bottom