Looking to finance a Snap-on toolbox.

[loganp]

I have run out of space in my Gray tools XT series tool chest and I am looking to upgrade to A snap-on KRL1023. I have checked craigs list and Ebay canada. But nothing has come up..

So I am wondering what are the costs of Financing A Toolbox through snap-on for those that have done it?.. I am trying to get some information before I track down and contact A local dealer..

Thanks, Logan p

 

[AZ_Catskinner]

Most of the time there's no interest involved with Snapon. Considering that the 1023 is nearly 11 grand, it's going to be a hell of a weekly payment.

 

[nissan_crawler]

I hope you have a 100% guaranteed job you can't lose...

 

[toolfreak]

Most of the time there's no interest involved with Snapon. Considering that the 1023 is nearly 11 grand, it's going to be a hell of a weekly payment.

That is usually just the case for the revolving credit up to about $1000, when you get into bigger items like a toolbox, it's almost 20% interest. Look at the fliers the snap on man passes out and you will see the cost per week and number of weeks. It usually comes out to about double the price after the interest.

 

[StanBo]

Does Snap-On do financing with people that don't work in the auto industry? I am a mechanic but in the utility industry and would want some Snap-On items for home.

Zero percent APR and weekly payments are actually pretty cool in my book.

 

[Gary S]

My opinion about financing tools is that it is a big mistake. If you need a larger toolbox, start saving your money and when you have the money in your pocket, get the toolbox you want. The US is in a deep recession today because too many people did just what you are suggesting. They borrowed money that they didn't need to borrow, and they didn't have.

 

[caseyjw]

I'd wait.

I waited and got more than what I wanted on craigslist...

http://www.garagejournal.com/forum/showthread.php?t=67238

Regards,
Casey

 

[grizzlyToolz]

why why why?

 

[99_xc600]

Take some financial advice my parent's told me early on. Unless it's a car or a home, if you have to finance it. You absolutely don't need it.

Save up your money. What would initially cost you $11,000 out the door is going to cost you $15,000 with interest.

 

[Neohio]

Pm me, i'll give you the number to a local dealer who lives in ancaster and has a couple routes, one in burlington, and 2 in hamilton

 

[american lockpicker]

My opinion about financing tools is that it is a big mistake. If you need a larger toolbox, start saving your money and when you have the money in your pocket, get the toolbox you want. The US is in a deep recession today because too many people did just what you are suggesting. They borrowed money that they didn't need to borrow, and they didn't have.

Good post.

 

[MoToys]

Be patient and attentive to craigslist.

 

[jethro29]

the weekly payments on the 1023 are not that bad.and i say if you want a new box,then get the damn thing.i have four s.o. boxes two at work and two in my home shop.and i have yet to regret purchasing any of them.

 

[klean63]

As nice as the KRL boxes are, have you considered something like this? http://www.strictlytoolboxes.com/ho...ol-boxes-elite-72-17-drawer-tool-cabinet.html

 

[craftsmanfann]

My opinion about financing tools is that it is a big mistake. If you need a larger toolbox, start saving your money and when you have the money in your pocket, get the toolbox you want. The US is in a deep recession today because too many people did just what you are suggesting. They borrowed money that they didn't need to borrow, and they didn't have.

that is my exact same attitude.

 

[vssjim]

I have run out of space in my Gray tools XT series tool chest and I am looking to upgrade to A snap-on KRL1023. I have checked craigs list and Ebay canada. But nothing has come up..

So I am wondering what are the costs of Financing A Toolbox through snap-on for those that have done it?.. I am trying to get some information before I track down and contact A local dealer..

Thanks, Logan p

Most dealers won't carry a account on a truck for non regular stop customer unless they have some kind of history with and unless SO has changed a dealer would have to put a loan ap in for a large purchase and be on the hook for it along time. I don't see this happening unless you know a dealer personally as you don't work in a stop. To add to it last time I heard tool box percents were over 20 plus %. I would be hard pressed not to look at Montezuma tool boxes or similar. I may look in to another Gray for you Candian guy's and just add to what you have.

 

[DaleK]

Check out kijiji a little harder. You might have to drive an hour or two but you'll get something better for a good price. These ones will all be sold but something else will come along.

http://ontario.kijiji.ca/c-buy-and-...-BOX-PAID-MORE-THAN-10-000-W0QQAdIdZ267845748

http://ontario.kijiji.ca/c-buy-and-...SNAP-ON-ROLL-CAB-TOP-CHEST-W0QQAdIdZ270505863

http://ontario.kijiji.ca/c-buy-and-sell-tools-equipment-Snap-On-Tool-Box-W0QQAdIdZ272198175

 

[Jamez]

A word of caution about the stuff from strictly tool boxes... and please, this is in no way a complaint. My few interactions with them have been great, and feel they offer a great product... for Americans.

Ordering to Canada is different. You will have a, shipping bill, customs fees, duty, taxes, and Brokerage fees on top of the cost of the tool box.... and only a 5 year warranty.

Add it all up and your still probably around 50% price of the new snap on box, but what killed it for me was the warranty. If you rely on your tool box to support your income, you will want the guarantee of a no questions asked warranty.

 

[Layspeed]

A word of caution about the stuff from strictly tool boxes... and please, this is in no way a complaint. My few interactions with them have been great, and feel they offer a great product... for Americans.

Ordering to Canada is different. You will have a, shipping bill, customs fees, duty, taxes, and Brokerage fees on top of the cost of the tool box.... and only a 5 year warranty.

Add it all up and your still probably around 50% price of the new snap on box, but what killed it for me was the warranty. If you rely on your tool box to support your income, you will want the guarantee of a no questions asked warranty.

Does Snap On warranty their toolboxes for life? I bought mine 11 years ago and don't remember the dealer mentioning anything. I can't see anybody warrantying a box for life...maybe the slides, but that's about it. So which box did you buy from strictlytoolboxes.com and what did all of the other "costs" add up to if you don't mind me asking? Oh, I did not finance mine, I just saved up and gave my mind older box in for a trade and got a great deal. It would probably be cheaper to get a small personal loan at 10% than finance it on the truck for 20%+.

 

[Hiball]

Im gonna guess since you have been scouring Ebay and CL you have some money already saved up for your purchase. The Next question is does your livelyhood rely on your tools? There is No doubt that 11k is a Hefty price for tool storage but if its how you make a living its a different story versus the 90+% of GJ members who are Hobby mechanics/Home owners. I personally couldnt justify the cost, But my lifestyle doesnt represent a full time Mechanic with tons of specialty tools etc... The Best advice i can give is contact a Local dealer and run the numbers, Its gonna vary from person to person based on Credit/Down payment etc....

 

[nissan_crawler]

Im gonna guess since you have been scouring Ebay and CL you have some money already saved up for your purchase. The Next question is does your livelyhood rely on your tools? There is No doubt that 11k is a Hefty price for tool storage but if its how you make a living its a different story versus the 90+% of GJ members who are Hobby mechanics/Home owners. I personally couldnt justify the cost, But my lifestyle doesnt represent a full time Mechanic with tons of specialty tools etc... The Best advice i can give is contact a Local dealer and run the numbers, Its gonna vary from person to person based on Credit/Down payment etc....

I agree with you on principle...but in this economy (yes, I know canada's isn't as bad), I would be a little leery about sticking my neck that far out.

Finance a $11k toolbox, and get fired a few months later...now you're not only out that money for food and other expenses, but your means of earning your income is going to repossessed, if you can't make ends meet.

I know, everybody thinks their job is safe...two years ago, everybody at my company would have told you the same, for the most part. Two years later, we went from 14,000 employees down to 5,500 employees. **** happens.

 

[klean63]

.

Ordering to Canada is different. You will have a, shipping bill, customs fees, duty, taxes, and Brokerage fees on top of the cost of the tool box.... and only a 5 year warranty.

This is an excellent point.

My bad for failing to notice the OP was in Canada.

 

[SS5150]

What's your credit rating? Mine is high (over 800). I just ordered a new 84" Epiq on tuesday, and I got 9.9% on the loan. I'm using the SO credit doubler rebate, (current promo in my region, $1000 in my case) and there is a minimum $2000 financed.

I'm not sure how long I have to carry the balance, but I hope it isn't long....I'd like to get it paid off asap.

That said, I've heard that your SO dealer needs to have a high rating in addition to your own credit to get 9.9%. It sounds like it's very few that get that rate, but it's out there.

 

[Hiball]

I agree with you on principle...but in this economy (yes, I know canada's isn't as bad), I would be a little leery about sticking my neck that far out.

Finance a $11k toolbox, and get fired a few months later...now you're not only out that money for food and other expenses, but your means of earning your income is going to repossessed, if you can't make ends meet.

I know, everybody thinks their job is safe...two years ago, everybody at my company would have told you the same, for the most part. Two years later, we went from 14,000 employees down to 5,500 employees. **** happens.

I can see your point.. But i have no idea what the OP's Financials are or how far he will be sticking his neck out. Without a doubt American consumers havent been very savy in regards to using credit wisely so whenever these threads pop up there is Lots of Doom and Gloom. The answer to the OP's question can really be answered by Himself, I suppose. I can definitely vouch for having a Savings account for things that go bump in the Night, It makes Life much more enjoyable versus living paycheck to paycheck.

 

[spongerich]

If I were in your shoes, I'd expand my search out to 4-5 hours away. I see plenty of very very nice large SO, MAC, and Matco boxes on CL around here and they're selling for 25-50% of the cost of a new one. It might be worth giving up a Saturday and taking a road trip to save $5,000... (Actually you'd probably be saving closer to $8,000 after interest)

 

[Skin]

If I were in your shoes, I'd expand my search out to 4-5 hours away. I see plenty of very very nice large SO, MAC, and Matco boxes on CL around here and they're selling for 25-50% of the cost of a new one. It might be worth giving up a Saturday and taking a road trip to save $5,000... (Actually you'd probably be saving closer to $8,000 after interest)

I agree with this. Dont look just in your back yard, by finding something "used" you'd be saving thousands. Even if its a weekend trip its worth it.

As far as the payments someone stated they arent that bad. Personally not bad to me translates as around $250 a week in order to get that sucker paid down in a timely mannor. I think thats a whole lot of money to be allocating for a box, your opinion may vary. At $100 a week you'd have that bill for well over 2 years. This of course assumes you put nothing down but still.

Again, look used, even if its a long trip. My 2 cents.

 

[chrisziem]

You could travel to DC for the week!

Off CL:

KRL1023 SnapOn Toolbox Lmtd.Chrome Edtn.,MUST GO,partial trades poss. - $4399 (Manassas, VA)

 

[Gtamazing]

The Niagara region Matco dealer is top 5 in sales (in Canada) and sold more boxes than any other Canadian dealer. That also means plenty of used cheap Matcos in your area.

 

[jake00]

about 10 years ago, we sold my bro's Mac box on ebay, shipped it 1/2 way across the country for 400 bucks!

 

[Camilo]

That is usually just the case for the revolving credit up to about $1000, when you get into bigger items like a toolbox, it's almost 20% interest. Look at the fliers the snap on man passes out and you will see the cost per week and number of weeks. It usually comes out to about double the price after the interest.

I don't know were you get your info from but it couldn't be more far from the truth.I know cause i actually bought one. What most people here don't know is that a $10K snap on tool box after all is said and done with all the promos and discounts will cost you 5-6K maybe a bit more maybe a bit less depending on what promo snap on is running that month.

The best time to buy a snap on tool box is to catch the 40% off promo and if your dealer is good he may throw in free stuff like tools or accessories for the tool box or give you some cash for you trade in.

A friend of mine got that promo and ended up paying 6 or 7 k for a new mister big after all the discount and trade in. BTW the trade in was pos craftsman top box he laying around the house and they gave him 2k in trade. I got 3K for my walmart top box on my trade in when i got my box. whats funny is that my old dealer just told me to go to walmart and get a cheap top or bottom box to give it to him as the trade in lol.

 

[toolfreak]

My info is from co-workers in different shops I have worked in and it was with a different dealer from one shop to another. Yes, the do sometimes offer some pretty damn good deals but if you work around many mechanics, you will find out pretty quick that they don't wait for them.

Just talk to a dealer about actual interest rates and do the math. How many young techs do you see or know wait for the promos? Too many want to have bigger and better boxes than the rest.

 

[DanCo]

Don't do it, buy used if possible, check out ATD or Montezuma boxes. I almost signed my life over to Snappy for a White Epiq, a week later I got laid off. Glad I held back.

 

[clueless]

my box i bought with quite a good trade in value,cost me $40/wk,for 78 weeks,finally paid off last month!! all my boxes i bought were the same payment each week.both dealers i dealt with were good to me. now to get my truck account down to a level i like,0!!

 

[Romanova]

Snap On gave me $15k in credit when I got my 722, which was only $3k after discounts. Got it paid off in a year and really didn't have to pay too much on interest. For something north of $5k, I'd look around for used though.

Shoot, here is a Mr. Big on eBay for $12k. Check out his other auctions... always has great deals on used boxes.
http://cgi.ebay.com/ebaymotors/Snap-KRL1065-Blue-Mr-Big-Tool-Box-Stainless-Top-_W0QQcmdZViewItemQQhashZitem4157e2e9dcQQitemZ280647363036QQptZMotorsQ5fAutomotiveQ5fTools#ht_720wt_1165

 

[wheats71]

i bought a 1023 and a 1203 top last fall at that time snap on had big discounts
my price for both was 10k minus my trade for both pieces
it was a deal i coundn't refuse
i love the box
anyway check with your local dealer for sales

 

[rsanter]

two words...
PAY YOURSELF

take the 'budgeted' amount of money each week/month and set it aside and dont touch it. do that as long as you can hold out and you may be suprised at how fast you will be sitting on a chunk of change. in the mean time you can start the hunt for used and if you find a deal on used then you may just have the cash on hand to get it (where most people wont)

option
become a student
sign up for a program that will make you a student and get the student discount

bob

 

[Toolhorder]

I got a 12k SO roller off CL for $2500..just be patient.

 

[amorrow]

I agree with others who've suggested to keep looking until you find a used box that fits your criteria. I wouldn't compromise quality or getting what you want, but at the same time I personally wouldn't pay full price for a KRL.

I waited, waited, waited some more, until I found a literally like-new black KRL 7023 with liners and chrome wheels, just like the ones currently being sold off the trucks....for $3K. To me, it doesn't matter if you can easily afford it....in my opinion $3K versus $10K for the same item is a no-brainer. I could only see myself paying the truck price if I had very specific criteria, and there was virtually no possiblity I'd find a like-new or very gently-used second-hand box. Judging you mentioned a fairly common model number and no other detail, I assume you're not looking for a very rare box, specific rare color or series, etc.

 

[Ohio Auto]

My opinion about financing tools is that it is a big mistake. If you need a larger toolbox, start saving your money and when you have the money in your pocket, get the toolbox you want. The US is in a deep recession today because too many people did just what you are suggesting. They borrowed money that they didn't need to borrow, and they didn't have.

Wrong. We are in a deep recession because people borrowed money THEY COULDN'T REPAY

There is absolutely nothing wrong with the wise use of credit. Making payments over time for large dollar items actually helps the economy..not hurt it.

 

[bamackc]

Be patient and attentive to craigslist.

^^^^^^ That

The deals are there, you just have to wait for them.