Furious D said:
I see that everyday where I work, Its not Snap-On but the industrial Williams brand. The Mechanics here dont have to pay for there tools so they really dont care.
Yep, I've seen that with shop tools. Simple things like screwdrivers, different pliers, etc. And they all think their toolmakers. I locked-out the grinder after one ******* used it on a Snappy driver so he could use it as a pry bar/pick.
furious d said:
Nope, Its a company that builds big yellow tractors. I was told its an osha regulation that prohibits re-issuing hand tools but I have never looked it up.
It may be some kind of liability issue. I happened to see the scrapper loading up the tool boxes in the back of a semi trailer a few months ago. Usually they just scoop up the scrap steel with a loader but He loaded all the tool boxes with a fork truck an put cardboard in between each one. I have a hard time believing its all going to be scrapped.
In my experience, nope, it might make it to the yard, but not for scrap.
What's the interest rate on financing tools through Snap-on?
I'm betting it's pretty stiff. Like any kind of financing deal, you make money on the money, and in the case of tools, you make money on the money and money on the tools.
That should cover the loss from the dead beats. SHOULD.
Telling everyone "Cash only" would make life easier, but wouldn't be as profitable.
I'll never finance tools either. I've got some Snap-on stuff, but only a few things I needed. And it was cash every time.
-Brad
You pay the same for cash as you do for truck credit, provided the dealer finances your purchase. SO corporate credit is, I believe, a different thing, but I've got no experience with that.
How exactly does this work? Do the tool buyers get a line of credit from the guy driving the snapon truck or from SnapOn Corp? Just wondering why the dealer is having to chase down deadbeats. Why not just turn them over to a collection agency and be done with it? I'm sure the dealers already have plenty to do with tracking special orders and making sure their trucks are stocked and ready for their numerous stops each week. Why burden a dealer with having to also do collections?
Often the dealer will extend a certain amount of credit w/o interest. How many mechanics nowadays can fork over $500 for a set of wrenches? Maybe some dealers charge interest. Mine doesn't nor do the others' around here, from what I know.