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New Snap On vs HF "Quality test"?

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Mr_B

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I've heard of Harbor Freight boxes tipping over if the open drawer contains all the cash saved by not buying a Snap-On box.
lol
I seen the odd snapon dealer almost tip over flat on his back when walks in a shop full of cheaper boxes lol .
My new snapon guy was not over impressed with my row of stout used matco boxes doing a mr big for not big money lol .
Doing loans for expensive toolboxes tends to work out bad for the buyer ...
 

neophyte

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lol
I seen the odd snapon dealer almost tip over flat on his back when walks in a shop full of cheaper boxes lol .
My new snapon guy was not over impressed with my row of stout used matco boxes doing a mr big for not big money lol .
Doing loans for expensive toolboxes tends to work out bad for the buyer ...
Imagine paying tens of thousands of dollars for a Snap-On franchise, only to find that one or mire of the potential customers already purchased one of the potentially most expensive products you sell elsewhere, and from a different brand.
 

mike93lx

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??

I was pointing out stupid **** people are doing to measure their tool dicks. I had no intention to try and change anyone's mind or sway a purchase.
There is more in this thread than you... But either way, every thread starting with harbor freight and snap on ends this way. All of them
 

CGarage

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It’s important to have open communication and sharing of ideas.

The world is a better place when underpaid tool users have their eyes opened to the reality that there is not a 5 x improvement in usefulness of a Snap-On box that costs 5x what a Chinese or Asian box costs.

Until financial literacy as a form of decision making is taught in trade schools, these discussions should be had.
 

mike93lx

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It’s important to have open communication and sharing of ideas.

The world is a better place when underpaid tool users have their eyes opened to the reality that there is not a 5 x improvement in usefulness of a Snap-On box that costs 5x what a Chinese or Asian box costs.

Until financial literacy as a form of decision making is taught in trade schools, these discussions should be had.
Great idea, in theory. Doesn't work that way in reality
 

CHI_Tool&Die

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Imagine paying tens of thousands of dollars for a Snap-On franchise, only to find that one or mire of the potential customers already purchased one of the potentially most expensive products you sell elsewhere, and from a different brand.
That’s why scan tools have become the big push for the drivers. Expensive and less cheap competition to battle with.
 

neophyte

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It’s important to have open communication and sharing of ideas.

The world is a better place when underpaid tool users have their eyes opened to the reality that there is not a 5 x improvement in usefulness of a Snap-On box that costs 5x what a Chinese or Asian box costs.

Until financial literacy as a form of decision making is taught in trade schools, these discussions should be had.
“Financial Literacy” isn’t routinely taught in high schools or regular universities either in many cases.
 

AEAdam

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It’s important to have open communication and sharing of ideas.

The world is a better place when underpaid tool users have their eyes opened to the reality that there is not a 5 x improvement in usefulness of a Snap-On box that costs 5x what a Chinese or Asian box costs.

Until financial literacy as a form of decision making is taught in trade schools, these discussions should be had.
Good idea!

Class #1 might be cost of ownership. In so many documented cases, the cost to own high end products is often lower than low priced goods.

Class #2 might be taking advantage of 0% loans to preserve capital and opportunity cost. Couple that with rapid inflation, and that sounds like a sound business move. If I was starting out, I might buy the biggest most expensive EPIQ I could and wait for that thing to appreciate. Use it for 10-15yrs then sell it for what I paid for it. Sounds like a winner.

It's a common trope here that entry level tradesmen are poor, under privileged dummies. Because their answers are different from ours, that must mean they are wrong.
 

CGarage

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Good idea!

Class #1 might be cost of ownership. In so many documented cases, the cost to own high end products is often lower than low priced goods.

Class #2 might be taking advantage of 0% loans to preserve capital and opportunity cost. Couple that with rapid inflation, and that sounds like a sound business move. If I was starting out, I might buy the biggest most expensive EPIQ I could and wait for that thing to appreciate. Use it for 10-15yrs then sell it for what I paid for it. Sounds like a winner.

It's a common trope here that entry level tradesmen are poor, under privileged dummies. Because their answers are different from ours, that must mean they are wrong.

I am unfamiliar with the planet you are living on.

I have yet to meet an entry level tradesman who was financially literate. I have been around quite a while. Worse, I see multiple examples of poor decision making processes amongst all. This is a flaw, too.

Separately, I do not need to carry calipers around to tell you that the sheet steel used in the HF cart is thicker than the Snap-On equivalent. Just wanted to let you know my finger micrometers are still up to the task, and calibrated 😉.
 

M635_Guy

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Class #1 might be cost of ownership. In so many documented cases, the cost to own high end products is often lower than low priced goods.

Class #2 might be taking advantage of 0% loans to preserve capital and opportunity cost. Couple that with rapid inflation, and that sounds like a sound business move. If I was starting out, I might buy the biggest most expensive EPIQ I could and wait for that thing to appreciate. Use it for 10-15yrs then sell it for what I paid for it. Sounds like a winner.
I apologize if my sarcasm meter is borked, but I legit can't tell if this is a joke or not. There is no universe where buying an Epiq and counting on its appreciation as an investment makes any sense at all - firstly because you're still having to buy something to replace it and work out of at the 'appreciated' market price (if you're still working), and secondly because buying the less expensive thing and using the rest of the money that would go to pay for the "0%" products would be better in a ROTH IRA or other tax-advantaged retirement vehicle.

No universe. Show me the math if you're going to argue that point.

Even accounting for the fact that Epiq boxes and SO tools will have a relatively high residual value post-career (and Icon/etc. will have none), the process necessary to recover that investment is arduous if you're going to capture as much of that value as possible. People buying someone's whole setup are going to want a discount.

A 22-year old with enough cash to put just $100 a month somewhere consistently for 35 years would have something close to (and possibly more) $300K (tax-free if put in a Roth). That would make that person in a pretty decent position to retire (and, of course, anything over $100/mo...), and accessing that money is as easy as clicking some buttons on a website and typing in an amount.

As far as documented cases of the cost of high end products being lower than low-priced goods, I'd very much like to see the cases you're referring to, especially any that are directly aimed at this current topic. The productivity of those products needs to be significantly correlated to the price or that model is going to fail.

Seriously - where can I find this documentation?

It's a common trope here that entry level tradesmen are poor, under privileged dummies. Because their answers are different from ours, that must mean they are wrong.
I don't think that's an accurate portrayal of how entry level tradesmen are perceived here.

I do think most twenty-somethings as a whole have a very low level of financial literacy - their options, how much a consistent savings can be worth, etc. etc. The problem new tradesmen have is they are:
  • typically young, and thus likely to not have much financial literacy
  • going to need tools to do their jobs - and in the US the likelihood of an employer providing those tools is very low
  • likely having consistent income for the first time in their life.
When there are guys showing up at their worksite in trucks with everything and offering "0%" loans (which doesn't mean they aren't paying a cost for the capital to buy the tools - I'd argue a significant one) while many coworkers around them are saying "they're the best, it's what you need!", the opportunity to make a decision on something other than the financial math is pretty high. And as we've said in these threads over and over, 30 years ago the world was very different and the value prop made a bit more sense because the alternatives were a lot more limited and harder to get.

But today? Today that math doesn't close because the alternatives are easy in just about every way and of significant quality. Maybe not 100% SnapOn/etc., but legitimately close in many cases.

We should probably stop talking about the "investment" math of Snap On unless those documented cases of the high-cost vs. low(er) cost can be examined in the light of day.
 
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CGarage

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I apologize if my sarcasm meter is borked, but I legit can't tell if this is a joke or not. There is no universe where buying an Epiq and counting on its appreciation as an investment makes any sense at all - firstly because you're still having to buy something to replace it and work out of at the 'appreciated' market price if you're still working, and secondly because buying the less expensive thing and using the rest of the money that would go to pay for the "0% lo" products would be better in a ROTH IRA or other tax-advantaged retirement vehicle.

No universe. Show me the math if you're going to argue that point.

Even accounting for the fact that Epiq boxes and SO tools will have a relatively high residual value post-career (and Icon/etc. will have none), the process necessary to recover that investment is arduous if you're going to capture as much of that value as possible. People buying someone's whole setup are going to want a discount.

A 22-year old with enough cash to put just $100 a month somewhere consistently for 35 years would have something close to (and possibly more) $300K (tax-free if put in a Roth). That would make that person in a pretty decent position to retire (and, of course, anything over $100/mo...), and accessing that money is as easy as clicking some buttons on a website and typing in an amount.

As far as documented cases of the cost of high end products being lower than low-priced goods, I'd very much like to see the cases you're referring to, especially any that are directly aimed at this current topic. The productivity of those products needs to be significantly correlated to the price or that model is going to fail.

Seriously - where can I find this documentation?


I don't think that's an accurate portrayal of how entry level tradesmen are perceived here.

I do think most twenty-somethings as a whole have a very low level of financial literacy - their options, how much a consistent savings can be worth, etc. etc. The problem new tradesmen have is they are:
  • typically young, and thus likely to not have much financial literacy
  • going to need tools to do their jobs - and in the US the likelihood of an employer providing those tools is very low
  • likely having consistent income for the first time in their life.
When there are guys showing up at their worksite in trucks with everything and offering "0%" loans (which doesn't mean they aren't paying a cost for the capital to buy the tools - I'd argue a significant one) while many coworkers around them are saying "they're the best, it's what you need!", the opportunity to make a decision on something other than the financial math is pretty high. And as we've said in these threads over and over, 30 years ago the world was very different and the value prop made a bit more sense because the alternatives were a lot more limited and harder to get.

But today? Today that math doesn't close because the alternatives are easy in just about every way and of significant quality. Maybe not 100% SnapOn/etc., but legitimately close in many cases.

We should probably stop talking about the "investment" math of Snap On unless those documented cases of the high-cost vs. low(er) cost can be examined in the light of day.


So well said. Thank you for your abundance of
Common Sense in the presence of the absurd.
 

AEAdam

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Buying lowest possible price tools seems like a smart financial move. But you need whatever money is needed to actually purchase them to buy them. When you are done with them, it’s possible or likely their value will be zero.

Conversely, if you are smart, an entry level tech could buy a set of wrenches 50% off, use them for a week and put them on eBay and make money. He could hang on to them until he’s a service manager and sell them then, possibly for multiples of what he paid.

i drove a fairly rare Porsche for 12 yrs and 100k miles and sold it for what I paid for it. It was the cheapest car I’ve ever driven. Cost of ownership was only maintenance.

I bought my KRL 8 yrs ago for $800, which may have been close to its original price. What do you think my Kenosha red, stainless topped 56” KRL is worth now?

Maybe chrome 1/2” dr 12pts aside, I know I never paid more than $100 for a set of snap on sockets. I’ve used my tools, but I take care of them. All the sets are in their original packaging, some have their lids. What do you think they are worth? Maybe it’s just COVID that caused all these prices to jump.

I bought yellow hard handled ratchets because my first snap on screwdrivers were yellow. Yellow was the porsche club sport color back in the day. They stopped making them and I have a couple ratchets I just don't use, maybe have never used. Turns out they are collectible. eBay completed listings are astronomical.

There are plenty of utilitarian items one can buy that provide good utility and hold their value. They might have a higher initial purchase price but can be smart buys. Buying cheapest often results in lowest residual value.

Not trying to be argumentative or defensive. Just saying, the world is a big complicated place. Try to keep an open mind. And details matter.

I would not say “buying snap on tools is a smart financial move”. Buying a McLaren might be, however. One certainly can buy nice tools and have them cost next to nothing over their life span. I’ve done it. And cars, and furniture, and art…. The cheap disposable world isn’t always low cost.
 
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CGarage

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Not trying to be argumentative or defensive. Just saying, the world is a big complicated place. Try to keep an open mind. And details matter.

I would not say “buying snap on tools is a smart financial move”. Buying a McLaren might be, however. One certainly can buy nice tools and have them cost next to nothing over their life span. I’ve done it. And cars, and furniture, and art…. The cheap disposable world isn’t always low cost.


Please remind me to, in perpetuity, avoid following your opinions and points of view. As evidenced by this post, you are living in a pleasant fiction.
 

Cruzan80

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Buying lowest possible price tools seems like a smart financial move. But you need whatever money is needed to actually purchase them to buy them. When you are done with them, it’s possible or likely their value will be zero.
And the overall cost will still be less in "opportunity cost" than Snap On. Also, you are ignoring aton of middle ground between the literal "lowest" and Snap On.
Conversely, if you are smart, an entry level tech could buy a set of wrenches 50% off, use them for a week and put them on eBay and make money. He could hang on to them until he’s a service manager and sell them then, possibly for multiples of what he paid.
What does he do once he sells them, and needs wrenches? Ebay takes 15-20% so he maybe makes 30% of the MSRP, if he can sell them for that (doubtful). If he hangs on to them, in what world does he make money (not counting inflationary rise in prices)? Selling for "multiples" only works if you don't count the buying power of the dollar. Also, where is he getting the 50% off of he doesn't have the "whatever money needed to buy them" in your first example?
i drove a fairly rare Porsche for 12 yrs and 100k miles and sold it for what I paid for it. It was the cheapest car I’ve ever driven. Cost of ownership was only maintenance.
Nothing similar to wrenches here.
I bought my KRL 8 yrs ago for $800, which may have been close to its original price. What do you think my Kenosha red, stainless topped 56” KRL is worth now?
How much would you be ahead of you bought a cheaper box 8 yrs ago and invested the money instead? Much higher than re-selling a used box. And you still have the box to work out of in this scenario.
Maybe chrome 1/2” dr 12pts aside, I know I never paid more than $100 for a set of snap on sockets. I’ve used my tools, but I take care of them. All the sets are in their original packaging, some have their lids. What do you think they are worth? Maybe it’s just COVID that caused all these prices to jump.
Nothing to a mechanic that is using them, as to realize any money means that he wouldn't have tools to use. But even if you sold in packaging, the net increase from using them still doesn't beat out regular investing, or the initial price differential between Snap On and a mid-range brand.
I bought yellow hard handled ratchets because my first snap on screwdrivers were yellow. Yellow was the porsche club sport color back in the day. They stopped making them and I have a couple ratchets I just don't use, maybe have never used. Turns out they are collectible. eBay completed listings are astronomical.
And all of the other colors that didn't hit the lottery are selling at what kind of prices?
There are plenty of utilitarian items one can buy that provide good utility and hold their value. They might have a higher initial purchase price but can be smart buys. Buying cheapest often results in lowest residual value.
Nobody is arguing that spending a bit more to get quality isn't worth it sometimes. But there is a large range you are immediately skipping over.
Not trying to be argumentative or defensive. Just saying, the world is a big complicated place. Try to keep an open mind. And details matter.
Yes, but the details don't actually mean what you think they do.
I would not say “buying snap on tools is a smart financial move”. Buying a McLaren might be, however. One certainly can buy nice tools and have them cost next to nothing over their life span. I’ve done it. And cars, and furniture, and art…. The cheap disposable world isn’t always low cost.
Just because they "don't cost anything" at the end doesn't mean you have "made money". Buying a $100 tool, and selling it in 5yrs for $100 doesn't beat buying a $50 tool, saving the $50, and 5 yrs later, you have both the tool, and the money you invested. You only "gain" your money back if you don't need the item.

I was literally talking about the exact same idea with my HS students today. Stock market gains are invisible UNTIL YOU SELL. Your "hypothetical" Snap On investment requires you to sell the Snap On to realize the "potential" gain, and then you don't have any tools to use!
 

M635_Guy

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Buying lowest possible price tools seems like a smart financial move. But you need whatever money is needed to actually purchase them to buy them. When you are done with them, it’s possible or likely their value will be zero.

Conversely, if you are smart, an entry level tech could buy a set of wrenches 50% off, use them for a week and put them on eBay and make money. He could hang on to them until he’s a service manager and sell them then, possibly for multiples of what he paid.

i drove a fairly rare Porsche for 12 yrs and 100k miles and sold it for what I paid for it. It was the cheapest car I’ve ever driven. Cost of ownership was only maintenance.

I bought my KRL 8 yrs ago for $800, which may have been close to its original price. What do you think my Kenosha red, stainless topped 56” KRL is worth now?

Maybe chrome 1/2” dr 12pts aside, I know I never paid more than $100 for a set of snap on sockets. I’ve used my tools, but I take care of them. All the sets are in their original packaging, some have their lids. What do you think they are worth? Maybe it’s just COVID that caused all these prices to jump.

I bought yellow hard handled ratchets because my first snap on screwdrivers were yellow. Yellow was the porsche club sport color back in the day. They stopped making them and I have a couple ratchets I just don't use, maybe have never used. Turns out they are collectible. eBay completed listings are astronomical.

There are plenty of utilitarian items one can buy that provide good utility and hold their value. They might have a higher initial purchase price but can be smart buys. Buying cheapest often results in lowest residual value.

Not trying to be argumentative or defensive. Just saying, the world is a big complicated place. Try to keep an open mind. And details matter.

I would not say “buying snap on tools is a smart financial move”. Buying a McLaren might be, however. One certainly can buy nice tools and have them cost next to nothing over their life span. I’ve done it. And cars, and furniture, and art…. The cheap disposable world isn’t always low cost.
I think there are tiers:
Professional - max quality and high price. SO is the best example of this, and the largest
Prosumer - Very high quality at moderate prices. Icon is probably the best example of this IMHO, and more-than nudges the Professional level in a lot of cases, but I'll leave them here. I personally don't find my Tekton stuff as nice as my Icon, but is very good overall and represents the entry level of this category for me. Most GearWrench is in here too.
Consumer - Moderate quality at lower prices. I'd put Pittsburgh here as the entry, with Husky, Quinn, moving up the spectrum but not crossing into Prosumer.
Retail - cheap and close to disposable. What HF was 30 years ago and a lot of stuff I saw at Northern Tool before they closed the one near me.

Even at 50% off, SO is still 50%-to-2X Icon's equivalent. I just don't see the math closing. I could see a new auto tech using it to buy stuff Icon and other "Prosumer" brands don't offer or where SO is just flat out better than anyone (e.g. flare nut wrenches), but buying a bunch of Icon/Carlyle/whatever to get things started and hopefully having a few bucks to put away for retirement, etc.

While I'm a die-hard car guy, I'm not sure the car examples work either. One of my old BMW's is a sorta-rare one, and while it might be worth as much as 3X what I paid for it 23 years ago, it would still be $50K behind what chucking that same money into a DOW fund would be worth today. Or more likely $350K behind because I would likely have stuck it in QQQ. But I digress. The other thing about living with very high-end cars is the maintenance is often brutal. Maintaining something like a Ferrari or a Bentley is crazy-expensive. Vintage ones are worse. Even my non-exotic 40yo BMW can be painful. If I didn't know better and just replaced my fuel pump with the OEM part it would be $700... for just the part (I'm doing a bit of a hack, and spending a fraction of that $$).

In any case, when it comes to hand tools, the residual value math just doesn't work. That doesn't mean there aren't other ways spending the Snap On money might be justified. But in todays world with the high quality level of alternatives that are significantly less than even the tech-school-discount price, the residual value of a tool or box isn't one of them. I'm happy to look at the math if you are convinced otherwise, but it's going to need to be the whole picture. The money not spent on SO has to be shown doing the work it can do.
 

AEAdam

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Also, where is he getting the 50% off of he doesn't have the "whatever money needed to buy them" in your first example?
We’ve had this conversation before. All I’m saying is, the new techs aren’t dumb for doing what they’re doing. @CGarage made a pretty big statement about the financial acumen of young tradesmen. My son Adam is a young tradesman, and a sharp cookie who never went to college. I’m not defending him, it just so happens, I’ve crossed paths with auto techs.

How it CAN work is, a tech gets a line of credit, @ 0% interest that he or she might not otherwise qualify for. They can buy tools, tool boxes etc at deep discounts as students. A $300 wrench set might be discounted to $150. The student puts $30-50 down and walks off the truck with the wrenches.

For those of us who occasionally buy Snap on tools on eBay, like new tool sets sell for over list price because ordering online doesn’t offer free shipping. Inexpensive items like ratchet repair kits or replacement handles can be 2x MSRP, due to unavailability, shipping, or whatever. You can look this up.

So the tech with the wrenches he just paid $50 for can turn around and sell them for close to list, maybe list, maybe a bit more, on ebay and put $100 profit into his pocket easily. I’ve seen it happen first hand. They might need the cash.

Theoretically, that kid could then invest the hundred, has the rest of the balance in his bank earning interest, while he makes payments. He could invest $75 and buy Pittsburgh wrenches for $25 or whatever.

Same with buy one get one deals. They take the set they don’t need, turn around and sell it, so the set they wanted cost them very little. Sometimes the driver does it for them. I’ve bought half of a BOGO and walked away with cheap sockets, iirc.

The toolboxes aren’t entirely different. The drivers cut deals with their customers. I personally have not paid full price for much in my toolbox. And they take in boxes on trade and that can work for people.

I don’t know what the market is for used HF toolboxes. Snap on boxes fetch pretty good money second hand. I was lucky with mine. But like desirable cars, convertibles, etc, they hit a rock bottom and don’t really depreciate much further. And as prices continue to rise for new boxes, the price of the used boxes climbs. You sell the box when you upgrade or you switch careers and buy a piano or whatever.

Not suggesting that people should invest in tools to fund their retirement. Only that the details are complicated. Depending on people’s situation, different scenarios can work out for them.

Maybe like you guys, I never thought a new car lease was a good deal for the consumer. I have never leased a car. I’ve always advised against it. It’s like renting a car. But I’m getting older and more curious and open minded and can see how a lease could be a smart move for people in certain situations.
Please remind me to, in perpetuity, avoid following your opinions and points of view. As evidenced by this post, you are living in a pleasant fiction.
I take this seriously and this saddens me. Especially from someone posting this is this very thread.
It’s important to have open communication and sharing of ideas.
I don’t know if this is a concerted April's fools joke or irony engineers don’t get…

You guys can have the last word/laugh at my expense. This was a weird thread from the start and I’m moving on.
 

CHI_Tool&Die

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I work with a bunch of young tradies and they are, surprisingly, very financially savvy. They are all saving like crazy because they all want the same thing….a house. And at 6%+ and a median selling price of $350k+, these kids are just struggling to come up with the 20% to avoid PMI. They’re looking at $2k+ monthly just for their housing and then they still have to factor in food, utilities, and maintenance expenses. Coupled with inflation, below COLA raises, and the constant external pressures that weigh on their job stability (manufacturing has been really taking it in the pants over the last year), the Zoomers are forced to be more financially responsible. The Tik Tok tropes and parodies seem to me to be outliers and not the norm. Except the depression stuff. I have never worked with any generation that has been more depressed and had a more negative outlook on things and just bitched about stuff than Zoomers. I thought the GenX guys were bad but Zoomers are just dark. 😂

But to bring it back to the tools, you just don’t see Zoomers being infatuated with tools like the rest of us. These guys just want the cheapest thing that will get the job done so they can move on. My Matco guy has commented on it and the Snappy man has already been making changes to his inventory.

Also it’s funny listening to you guys talk about Porsches and BMWs and old schools. The young guys here want mid-2000s Crown Vics and ‘90s Hondas (which they all view as ancient already). They think people buying $30k El Caminos or $50k Mercedes are fools. Going to be really interesting when the Boomers finally go and all those old schools hit the block and no one thinks they are worth it.
 

Hakeem

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But to bring it back to the tools, you just don’t see Zoomers being infatuated with tools like the rest of us. These guys just want the cheapest thing that will get the job done so they can move on. My Matco guy has commented on it and the Snappy man has already been making changes to his inventory.

I’ve noticed the same thing in my 18-24 year old classmates. Huge HF fans. I tell them to take advantage of their Snapon/matco student discounts while they still have them and they say “why? Icon gets the job done just as well”. And you know what? They’re not wrong, really.
 

Kurt4440

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I’ve noticed the same thing in my 18-24 year old classmates. Huge HF fans. I tell them to take advantage of their Snapon/matco student discounts while they still have them and they say “why? Icon gets the job done just as well”. And you know what? They’re not wrong, really.
I noticed the same thing at a large tool rental shop. There were about 10 service bays, and all of the techs had Harbor Freight tool boxes and the tools that were visible were also from Harbor Freight.

It would be difficult for me to not buy certain Snap-on tools at half off, but, I could see that Icon at 35% off would attract more buyers who are saving to buy a house.
 

Cruzan80

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We’ve had this conversation before. All I’m saying is, the new techs aren’t dumb for doing what they’re doing. @CGarage made a pretty big statement about the financial acumen of young tradesmen. My son Adam is a young tradesman, and a sharp cookie who never went to college. I’m not defending him, it just so happens, I’ve crossed paths with auto techs.
I wasn't trying to say anything about techs or any specific person
How it CAN work is, a tech gets a line of credit, @ 0% interest that he or she might not otherwise qualify for. They can buy tools, tool boxes etc at deep discounts as students. A $300 wrench set might be discounted to $150. The student puts $30-50 down and walks off the truck with the wrenches.

For those of us who occasionally buy Snap on tools on eBay, like new tool sets sell for over list price because ordering online doesn’t offer free shipping. Inexpensive items like ratchet repair kits or replacement handles can be 2x MSRP, due to unavailability, shipping, or whatever. You can look this up.
At this point, Snap On (specifically) has left the conversation. What you are describing is a generic "Able to buy at a discount and resell" ability. Nothing special about SO in this example, if the person is not planning on holding them long at all.
So the tech with the wrenches he just paid $50 for can turn around and sell them for close to list, maybe list, maybe a bit more, on ebay and put $100 profit into his pocket easily. I’ve seen it happen first hand. They might need the cash.

Theoretically, that kid could then invest the hundred, has the rest of the balance in his bank earning interest, while he makes payments. He could invest $75 and buy Pittsburgh wrenches for $25 or whatever.
This actually makes my point. To realize the "profit" from Snap On, he has to sell the item (and can't buy multiple times). So he is left with a (theoretical) "inferior" brand to work with.
Same with buy one get one deals. They take the set they don’t need, turn around and sell it, so the set they wanted cost them very little. Sometimes the driver does it for them. I’ve bought half of a BOGO and walked away with cheap sockets, iirc.
This doesn't address the idea that even with a BOGO discount, Snap On may still cost more than another brand of sufficient quality. Not saying techs shouldn't try and get discounts, just that the "resold" BOGO stuff tends to be the less desirable portion.
The toolboxes aren’t entirely different. The drivers cut deals with their customers. I personally have not paid full price for much in my toolbox. And they take in boxes on trade and that can work for people.

I don’t know what the market is for used HF toolboxes. Snap on boxes fetch pretty good money second hand. I was lucky with mine. But like desirable cars, convertibles, etc, they hit a rock bottom and don’t really depreciate much further. And as prices continue to rise for new boxes, the price of the used boxes climbs. You sell the box when you upgrade or you switch careers and buy a piano or whatever.
Again, while teh tech is working, it isn't a "realized gain" on his investment. Buying an expensive toolbox now, only to resell after 20 yrs isn't worth the gain.
Not suggesting that people should invest in tools to fund their retirement. Only that the details are complicated. Depending on people’s situation, different scenarios can work out for them.
Sure, I agree with that. But young techs frequently are not in the position you are describing here, without outside investment.
s
Maybe like you guys, I never thought a new car lease was a good deal for the consumer. I have never leased a car. I’ve always advised against it. It’s like renting a car. But I’m getting older and more curious and open minded and can see how a lease could be a smart move for people in certain situations.
Agreed, but generally not when first starting out in the job market.
I take this seriously and this saddens me. Especially from someone posting this is this very thread.

I don’t know if this is a concerted April's fools joke or irony engineers don’t get…

You guys can have the last word/laugh at my expense. This was a weird thread from the start and I’m moving on.
I am an engineer by training, and teach engineering, woodshop, and business. Not targeting you or belittling, just that the ideas you are mentioning are not applicable to most people in the position you are talking about.

Can they work? Yes, but most of the time they will end up worse. The "hustlers" who will wheel and deal will always find a way to do that and make money (therefore Snap On isn't relevant to that discussion, IMO).
 

M635_Guy

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I'm really not trying to pick apart everything you say (and I'm guessing you might have me on Ignore anyway), but:

We’ve had this conversation before. All I’m saying is, the new techs aren’t dumb for doing what they’re doing.
They don't have to be dumb to make a serious financial mistake. You keep insisting it's not and saying there's documented examples of that - I'd like to see them.

How it CAN work is, a tech gets a line of credit, @ 0% interest that he or she might not otherwise qualify for. They can buy tools, tool boxes etc at deep discounts as students. A $300 wrench set might be discounted to $150. The student puts $30-50 down and walks off the truck with the wrenches.
They can get similar financing from HF on the store card. The interest rate is less important than the total outlay - 0% on a $150 ratchet is going to be a lot more than 10% on a $50 ratchet. And if you pay the $50 ratchet off more quickly, you save the interested. The $150 ratchet has the cost of the financing built in. And if the person in question just buys the $50 ratchet and puts $100 in an investment/retirement account, they'll wind up far ahead on their $150 than if they'd counted on the residual/accrued value of the ratchet.

So the tech with the wrenches he just paid $50 for can turn around and sell them for close to list, maybe list, maybe a bit more, on ebay and put $100 profit into his pocket easily. I’ve seen it happen first hand. They might need the cash.

Theoretically, that kid could then invest the hundred, has the rest of the balance in his bank earning interest, while he makes payments. He could invest $75 and buy Pittsburgh wrenches for $25 or whatever.

Same with buy one get one deals. They take the set they don’t need, turn around and sell it, so the set they wanted cost them very little. Sometimes the driver does it for them. I’ve bought half of a BOGO and walked away with cheap sockets, iirc.
This is a pretty convoluted case to make money, and requires a lot of moving things around to achieve profit.

Maybe like you guys, I never thought a new car lease was a good deal for the consumer. I have never leased a car. I’ve always advised against it. It’s like renting a car. But I’m getting older and more curious and open minded and can see how a lease could be a smart move for people in certain situations.
Leases are generally a terrible deal for an individual consumer. They're useful for a business to avoid capital expenditure and keep money on the Expense line, people who can write it off, or for people getting an allowance from an employer. But too many people see it as a way to get a more expensive car for the payment they can manage. Terrible idea financially. If they do it knowing that, it's their money and IDAF. But if someone was espousing a lease as financially smart to an individual, I'd want to see the math (and the justification for the likely more-expensive car).

Again - honestly not trying to take potshots/swipes.
 

CGarage

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I'm really not trying to pick apart everything you say (and I'm guessing you might have me on Ignore anyway), but:


They don't have to be dumb to make a serious financial mistake. You keep insisting it's not and saying there's documented examples of that - I'd like to see them.


They can get similar financing from HF on the store card. The interest rate is less important than the total outlay - 0% on a $150 ratchet is going to be a lot more than 10% on a $50 ratchet. And if you pay the $50 ratchet off more quickly, you save the interested. The $150 ratchet has the cost of the financing built in. And if the person in question just buys the $50 ratchet and puts $100 in an investment/retirement account, they'll wind up far ahead on their $150 than if they'd counted on the residual/accrued value of the ratchet.


This is a pretty convoluted case to make money, and requires a lot of moving things around to achieve profit.


Leases are generally a terrible deal for an individual consumer. They're useful for a business to avoid capital expenditure and keep money on the Expense line, people who can write it off, or for people getting an allowance from an employer. But too many people see it as a way to get a more expensive car for the payment they can manage. Terrible idea financially. If they do it knowing that, it's their money and IDAF. But if someone was espousing a lease as financially smart to an individual, I'd want to see the math (and the justification for the likely more-expensive car).

Again - honestly not trying to take potshots/swipes.


I agree with all parts of your post.
My one caveat being leasing. With the combination of the complexity of the modern automobile, the vast majority of technicians who are poorly trained / don’t have the tools / couldn’t care less about quality / strained automotive supply chain that still has not recovered fully from Covid period- it is my personal belief that it is a risky proposition to plan on long term ownership for a modern vehicle in year 2026, and I am not sure I would want to finance a vehicle that will likely depreciate, that may be difficult to care for after a few years.
 

M635_Guy

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I agree with all parts of your post.
My one caveat being leasing. With the combination of the complexity of the modern automobile, the vast majority of technicians who are poorly trained / don’t have the tools / couldn’t care less about quality / strained automotive supply chain that still has not recovered fully from Covid period- it is my personal belief that it is a risky proposition to plan on long term ownership for a modern vehicle in year 2026, and I am not sure I would want to finance a vehicle that will likely depreciate, that may be difficult to care for after a few years.

I wouldn't know - we're a fleet of older cars at my house that we generally keep for a long time, which I mainly maintain myself (hence all the tools and ultimately my presence here). I drive two old BMW's from the mid-80's, one of which has over 100K miles and one that is pushing 300K on the chassis (which belies its mechanical age, but I digress). The family Volvo has over 200K and the two other household cars are in the 130K-range. I do not want a newer car than my wife's 2015 BMW, and will probably work hard to replace whatever cars leave the fleet with "teens" cars and not more recent.

I worked my whole career in the tech industry, so my desire for max-analog probably seems odd to some people, but phones and PCs are (relatively) easy to replace and require no maintenance in the lifespan I'll own them. Cars are too much $$ to have whole systems that can fail and have no way to replace with new OEM parts. My wife's X5 last a few (thankfully minor) things when 3G cellular sunsetted. The functions that took along with it (real-time traffic, over-the-air updates for maps, a couple background infotainment functions) are a big deal, but aren't recoverable.

Lastly, the lack of car payments for most of my life greatly helped my retirement plans.....

Apologies for being a broken record on this, but if I could find the guy who instilled the idea that I should be saving for retirement as much as I can as early as I can, I'd buy him a great dinner, wine and beverages. I was lucky to hear it just before I got out of college, and while it was a couple years before I had the chance to really make any of those choices, I definitely remembered the dude the first time I had the chance to open up a 401K, etc. (to be fair, he was calling me and a group of my friends out for drinking expensive beer, leading to the "save early, safe often" speech. He couldn't have known we hadn't had to pay for the beer 😅)
 

rust in the eye

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I’ve noticed the same thing in my 18-24 year old classmates. Huge HF fans. I tell them to take advantage of their Snapon/matco student discounts while they still have them and they say “why? Icon gets the job done just as well”. And you know what? They’re not wrong, really.
Perhaps they don't understand the difference between a good price on those choice items SO does better than anyone and an apartment sized toolbox with a mortgage.
 

zendriver

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Perhaps they don't understand the difference between a good price on those choice items SO does better than anyone and an apartment sized toolbox with a mortgage.
They claim they can “get the job done” with what they have.

Maybe they’ll spend more money later - if and when they have it.
 

Airmedic1

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Sep 27, 2023
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When I bought my SO roller cabinet 40 or so years ago there wasn't much to compare with then. The bottom of my New Britain bottom cabinet (who knows who made it) was cracked where the casters attach and the wheels would go flat because of over loading.
There weren't any big boxes available that compared to the SO that I bought. Craftsman didn't make big tool boxes like the one I bought and the quality wasn't there on the ones they did have. If there was a Harbor Freight there wasn't one close to where I lived and this was before the Internet so you didn't have the choices.
 

Gmonkee

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My time actively working as a mechanic I bought what was cheap first, if it wore or broke that would mean stepping up in quality level. Used stuff was very welcome.

My current 3/8 socket set was new in 2006, just adding sizes as need be. It's a small box, not a drawer.
I had used wrenches going in and eventually swilled the Wurth flavor as my old mix set got absorbed into coworkers kits.
There is a difference in what was to what I have now.

I have no access to HF stores or Snapper dealers but The Autozone grade to better brands spectrum was present.

Can I recover the costs of a 3,000 peso 6pc Wurth wrench set? I have two of them.
Absolutely not in resale. They paid for themselves over time by fitting well and saving me time getting more done.

Meanwhile 20 bucks worth of mid brand sockets were doing the same task for me never needing an upgrade.


I carried my **** in tool bags for years. Later I made a tote from a Lincoln car hood and carried that for a few years.
I never had any roller box. I didn't need that many tools to do my job.
My son still has that aluminum tote full of random hardware.
My investment was recouped my working years.

Those tools owe me nothing.
 

AEAdam

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What's the model # of this KRL
KR-761. Note this doesn't have a KRL model number. But this IS a Lock n Roll box, and maybe a yr or 2 before the model number switch. I think I traced this serial number to 2001?

Here's a thread on the subject of KR vs KRLs:

Not a great pic, but you can kinda see it here. It's actually in really nice shape for a 25yr old box.
IMG_3544.JPG

This is an old picture because the Bridgeport is done now and this shop has only Dead Kennedys in it now!
 
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