I predict this box will not sell (eBay)

[Merkava_4]

http://cgi.ebay.com/Snap-On-Tool-Bo...emQQptZTool_Boxes_Storage?hash=item439bfdc175

The auction just started with 9 days to go and I doubt the guy will get a single bid.

 

[jteck75]

Not a bad looking set up,but he is kind of pricey.

 

[mrshaun]

I bet it sits there for a while., but you never know. someone witha credit card locally may just buy it. stranger things have happened.

 

[MD11]

http://cgi.ebay.com/Snap-On-Tool-Bo...emQQptZTool_Boxes_Storage?hash=item439bfdc175

The auction just started with 9 days to go and I doubt the guy will get a single bid.

Curious why you think it won't sell... that's 40%-50% off retail price for an otherwise new box.... not that bad, is it?

 

[Lookin4'67Galaxieconv]

Not much of a deal. It always kills me when people have a crazy buy it now price then start the bidding right below that price.

 

[MD11]

Not much of a deal. It always kills me when people have a crazy buy it now price then start the bidding right below that price.

Not trying to be dense here... but I guess I don't understand the depreciation on these boxes then.... it's over $11K of box for as little as $5500.... it's 3 months old.. looks like it's in mint condition... what should he be asking?

I know I just bought a KRL 7022 brand new (placed order) and got 20% off retail... IF I were to sell it, I would expect to lose maybe 20% more off retail... or am I way off?

Do these things take a 75% hit after they roll?

 

[Joe B.]

That dude lives in Ashkum, Illinois.

Who knows what has happened to that box.

He said ashkum. huh huh huh

 

[Lookin4'67Galaxieconv]

Not trying to be dense here... but I guess I don't understand the depreciation on these boxes then.... it's over $11K of box for as little as $5500.... it's 3 months old.. looks like it's in mint condition... what should he be asking?

I know I just bought a KRL 7022 brand new (placed order) and got 20% off retail... IF I were to sell it, I would expect to lose maybe 20% more off retail... or am I way off?

Do these things take a 75% hit after they roll?

I'm not an authority on this like some of the techs on here, but I see toolboxes (w/o the hutch) for roughly about $2500 on here or craigslist all the time. So maybe add around a grand for the hutch and I think you can expect to get the whole setup for around $3500. Those list prices from Snap On are highly inflated and take into a lot of factors, i.e. credit worthiness, time value of money, etc, that you wouldn't be dealing with if you bought it from him for cash.

Many of these do see 60-75% hits off retail price. I bet this guy could get 4 grand for this, but I doubt he'd get much more than that.

You'll see guys quoting the SO list price all day, but how many actually pay that? And if they DO, why should that be YOUR problem?!

 

[MD11]

I just want to make sure that I'm not over paying.. I paid 20% off retail CASH... and I though I was getting a darn good deal.. I understand that brand new can carry a premium, but 3 months old for one of these is pretty much new. I'd be very upset if my box, which lists for 6.7K and that I just paid $5.6K for with tax is only worth 2.5K a month after I got it ..

Fortunately for me, I don't have to sell it, but still..

 

[Joe H]

You'll see guys quoting the SO list price all day, but how many actually pay that? And if they DO, why should that be YOUR problem?!

Exactly. Nobody ever pays 100% retail price brand new for snap-on boxes. That is why his asking price is too high. Heck a couple of weeks ago my snap-on guy had an extreme green KRL7023 on his truck and I asked what my final price would be on it and he told me after current rebates and what he would take off of the price it would come to about $6400. That's almost $3000 off retail price for a brand new box. Whether or not you are dumb enough to pay full retail price or not has no factor on the resale value.

 

[MD11]

Exactly. Nobody ever pays 100% retail price brand new for snap-on boxes. That is why his asking price is too high. Heck a couple of weeks ago my snap-on guy had an extreme green KRL7023 on his truck and I asked what my final price would be on it and he told me after current rebates and what he would take off of the price it would come to about $6400. That's almost $3000 off retail price for a brand new box. Whether or not you are dumb enough to pay full retail price or not has no factor on the resale value.

I was offered 30% off on that green also... I ended up with the 20% off because I opted to order a grey one... He told me that its' always cheaper to "Buy off the truck"..

anyway... 11.6K retail box for $5500 seems fair to me.. sorry.

 

[Lookin4'67Galaxieconv]

Did you look for a used one? Since you could afford to pay cash, I think you could've gotten a real deal. Though for buying new you didn't do too bad.

 

[MD11]

Did you look for a used one? Since you could afford to pay cash, I think you could've gotten a real deal. Though for buying new you didn't do too bad.

Yeah, he had the green in a the same model, and a repo'd KRA that as larger for 1/3 of the retail price, but frankly I wanted brand new.

 

[wrhenker]

Such a deal! (for a millionaire)! Wife must be on his case. .....
"YOU BOUGHT WHAT FOR HOW MUCH?" IF THAT DON"T GO, I WILL!!"
Posted in 10 minutes on E-Bay after that conversation!

 

[J.A.F.E.]

MD11 what you paid for your NEW off the truck box is likely a very good deal. But you got to choose the color - even opting to spend more for a color of your choosing over one off the truck in a color not as appealing to you, choose the model, etc. You bought new and got all of the perks buying new provides including delivery it to your door.

Assuming the box in question is paid off and is the sellers property the seller has a used item. It may be 3 months old but it is used. To me I don't care how old something is if I buy it used condition is more important so I wouldn't pay a premium for "almost new". Then the number of people who can come up with $5500 is limited. Considering shipping on something like this is crazy pickup is almost mandatory so the geographic area is limited which lessens the pool of buyers. And even then you need a trailer or a truck with a lift gate or a flat bed tow truck to move it. On top of that he/she is competing with other people who are selling other used boxes and that drives down the market value. Unfortunately this is a time when many people are forced to sell things and that drives the price down further.

60% off list is tops for what I personally would pay for a used box. And while I like that box the hutch is a turn off to me so then I have to figure what am I going to do with it.

Edit: I think Merks right that's going to be tuff to sell.

 

[Hawk321]

I don't understand why is there is a person spending 11k $ to a new tool box and he use it only 30 days???

 

[Merkava_4]

Buying a truck brand tool box is a lifetime commitment unless you're prepared to take a substantial loss on the initial investment.

 

[jshillin]

Buying a NEW truck brand tool box is a lifetime commitment unless you're prepared to take a substantial loss on the initial investment.

I fixed it for you

 

[Merkava_4]

I fixed it for you

You're right, I should've included that one distinction.

 

[Fedwrench]

It's all about supply and demand. If the box is the right size, has the right features to somebody, it might sell. I feel Snap on boxes (along with all other truck brands) are 40% higher new than they should be. I feel they are that expensive so the dealer has some wiggle room in accepting your trade in or haggle space. You can always do better buying a box in stock off of the truck instead of special ordering as the are promotional prices for dealers often and that's when they'll get a box to have on their truck.
Depending on your location, there are lots of used boxes for sale because of the current problem with repair shops and dealerships closing, techs needing money, and techs leaving the business. This glut has brought most used tool prices down. However, once this glut passes prices may stabilize depending on demand. It's not unusual to pay half price for a used tool truck brand tools or a tool box. Right now though (depending on location), few people have $4000 to $6000 sitting around that they can drop on a tool box in the blink of an eye. The guys price isn't that bad, it's just that there are vultures circling for better deals off of the carcasses of the American auto industry.

 

[daveblank]

I don't understand why is there is a person spending 11k $ to a new tool box and he use it only 30 days???

Maybe he lost his job.


Here's my question
"SET, DRAWER LINER, KRL1022 SERIES, BLACK $175.95"

Do they really charge extra for the drawer liners?

 

[MD11]

Here's my question
"SET, DRAWER LINER, KRL1022 SERIES, BLACK $175.95"

Do they really charge extra for the drawer liners?

Mine came with a roll of them, and some to spare.. as well as the top vinyl, but I ordered the directional one as well for an additional $76.

Thanks all for the input.. I guess it all makes more sense to me now and I don't feel ripped off!

 

[daveblank]

What is a directional liner?

Either way, If one of my customers bought a box he wouldn't be buying a liner.

 

[MD11]

What is a directional liner?

Either way, If one of my customers bought a box he wouldn't be buying a liner.

The box comes with a liner, but I wanted a 2nd one that I prefer. Nevertheless.... he also gave me 20% off on it.. here are the pics. I laid teh directional mat over the normal surface.. hope you can see the difference with my photos.

 

[autoace]

The real question is, why would someone buy a 11K box and sell it 3 months later for 5K

 

[chadster1]

Maybe he lost his job.


Here's my question
"SET, DRAWER LINER, KRL1022 SERIES, BLACK $175.95"

Do they really charge extra for the drawer liners?

Drawer liners are included with all Snap-on boxes. Replacement set are available though.

 

[Zrexxer]

The real question is, why would someone buy a 11K box and sell it 3 months later for 5K

Because he's only paid the Snap On dealer $300 on it so far, and if he sells it for $5000 he's made $4700 and can buy a POS car, load up his stripper girlfriend and her illegitimate baby and skip town before Snap On knows where he's gone... and maybe have enough left over for a new tattoo.

 

[daveblank]

Drawer liners are included with all Snap-on boxes.

So, in other words the seller is trying to inflate the "original" price of the box.

 

[chadster1]

Because he's only paid the Snap On dealer $300 on it so far, and if he sells it for $5000 he's made $4700 and can buy a POS car, load up his stripper girlfriend and her illegitimate baby and skip town before Snap On knows where he's gone... and maybe have enough left over for a new tattoo.

Are you a dealer too?

 

[MD11]

Are you a dealer too?

Chad, pls check your PM.. thx

 

[Skyline]

I just want to make sure that I'm not over paying.. I paid 20% off retail CASH... and I though I was getting a darn good deal.. I understand that brand new can carry a premium, but 3 months old for one of these is pretty much new. I'd be very upset if my box, which lists for 6.7K and that I just paid $5.6K for with tax is only worth 2.5K a month after I got it ..

Fortunately for me, I don't have to sell it, but still..

Sorry to be the bearer of bad news....but you'd be damn lucky to get $2,500 for a used double bank, and for that money, it'd better be mint. I have bought and sold several in the last year, and about $1,700 is top dollar I've gotten for good-very good condition. But I have not had any near-new ones in my hands...except the one I kept. I've seen clean tripple banks selling for $3,000 to $3,500.

There is certainly no reason to get upset though, it is what it is; resale on toolboxes *****. But when it comes time to upgrade, just keep in mind that there are some amazing deals out there on used boxes. And MANY folks who have giant Snap-on boxes take really great care of them, (makes sense given the huge investment!) so plenty of the ones out there are in beautiful condition.

 

[mkdive]

Because he's only paid the Snap On dealer $300 on it so far, and if he sells it for $5000 he's made $4700 and can buy a POS car, load up his stripper girlfriend and her illegitimate baby and skip town before Snap On knows where he's gone... and maybe have enough left over for a new tattoo.

 

[JohnK007]

Because he's only paid the Snap On dealer $300 on it so far, and if he sells it for $5000 he's made $4700 and can buy a POS car, load up his stripper girlfriend and her illegitimate baby and skip town before Snap On knows where he's gone... and maybe have enough left over for a new tattoo.

Now THAT makes sense!

 

[Vinko]

What I'd like to know is how much these boxes cost to manufacturer. It'd also be interesting to me to see, for example, all the features that SO touts as being superior, certain manufacturing techniques, for instance -- I'd like to know how much those individual processes cost. It'd be interesting to see a production cost breakdown. Maybe someone with that info at Corporate can leak it here . Sometimes I've found that stuff that's say, 15% better in some way, has a much higher production cost, incommensurate with the percentage of "improvement" of that production process.

My dealer gives 12% to 15% off cost of box. I'm sure you'd get more off, if you paid cash. I think he often finances the boxes himself. I don't know if he charges "interest" or if the interest is figured in the profit he is making after, say, a 12% discount.

 

[Merkava_4]

It's the inflation that shocks me. My box listed for $3300 back in 1999. I picked it on promo for $2200. Now the same box is listing on the SO website right now for $4395.

 

[MD11]

It's the inflation that shocks me. My box listed for $3300 back in 1999. I picked it on promo for $2200. Now the same box is listing on the SO website right now for $4395.

There's no high inflation! Heck even gas is cheaper than it was in 1999!

..or wait.... maybe not!


Yeah, things cost a good bit more than 10 years ago.. But I still think these boxes are priced so the dealer has 20% play in dealing with credit issues.. I doubt they're 40-50% over priced however.... Not with all that goes into making them:

http://www.theundisputedchamp.com/

 

[autoace]

Because he's only paid the Snap On dealer $300 on it so far, and if he sells it for $5000 he's made $4700 and can buy a POS car, load up his stripper girlfriend and her illegitimate baby and skip town before Snap On knows where he's gone... and maybe have enough left over for a new tattoo.

I have actually known guys like this, they show up with a load of MAC,Matco,Snap-on, tools, they never paid for(skipped on another dealer, in a different state).................the new dealers usually keep selling to them.

I also know other guys that have taken out huge credit accounts for boxes, and filed bankruptcy..........................the boxes never seem to get repo'd.

Remember this everytime you buy a Snap-on tool etc.............we honest guys have to pay for the deadbeats also. makes you think what the tools are real worth, since the company makes a good profit with alot of getaway customers

 

[Fedwrench]

I doubt they're 40-50% over priced however.... Not with all that goes into making them

I can only speak from my personal experience from about 7 years ago when I got a box. I had a Snap on , Matco, and Cornwell dealer wanting to sell me a box bad. The Matco guy was number one in the country at that time for tool box sales, the Snap on guy was a corporate rep keeping the route open until it sold, and the Cornwell dealer wanted to get a box in the dealership. I wanted a 5 foot by 2 foot bottom cart. Matco's and Snap on's botom line price was around $4000. Snap on would drop any lower unless I was a student. The Cornwell dealer sold me the box at his cost which was $2700 and I got a free end cab too (CTB6001BK and CTB6201BK). Kennedy made in the USA. The profit margins may have changed over the years but, I still think that an in stock on the truck new box, there's 40% of cash to haggle with but, that's just me. You guys buy what you want.

 

[krusty the clown]

Remember this everytime you buy a Snap-on tool etc.............we honest guys have to pay for the deadbeats also. makes you think what the tools are real worth, since the company makes a good profit with alot of getaway customers

not really.........snap on gets paid by the dealer everytime, it's the dealer who gets screwed by deadbeats. i don't think skip accounts are even considered in the MSRP because it doesn't effect corporate.

 

[autoace]

not really.........snap on gets paid by the dealer everytime, it's the dealer who gets screwed by deadbeats. i don't think skip accounts are even considered in the MSRP because it doesn't effect corporate.

Ah ha, hence the disappearance of overzealous dealers, that give too many obvious risks credit.