vandezand
Well-known member
Do you have to pay weekly for the tools or do you take extra loans out and pay after college?
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snap on student discount
- Thread starter vandezand
- Start date
teamarctic
Well-known member
If you are a student you can either pay up front, or go thru snap on credit which, Depending on how much you buy, they spread it out over 36 or 48 months. I think the threshold is $3500. After that its monthly or bi monthly payments.
ihateminimumwage
Well-known member
- Joined
- Jan 26, 2012
- Messages
- 3,960
Student discount is online and you pay outright. Don't screw yourself loading up on Snappy credit. It's also getting more and more limited what they'll let you buy under the SEP program.
this is very true!!I think Snap On offer 0 interest, no? I always pay cash and my driver loves me.
Wamsutta
Well-known member
You can take out a student Sally-Mae loan and use that to buy your tools. Then you get like 10 years to pay the loan back. I don't remember the exact interest, but it was pretty low. The Sally-Mae loan for me was about $3000.
wild cowboy
Banned
what is the discount amount for students, on say sockets, wrenches, ratchets?
what is the discount amount for students, on say sockets, wrenches, ratchets?
steep. At or below dealer pricing but it is only on the products listed for the program. Lots of older/ less popular styles, smaller sets (fewer sockets or extensions etc.. than in the retail set). It is a good program and a good deal if you got the extra cash to toss in and buy outright.
I halfway want to take night classes and take advantage of a second round of discounts lol.
To the op. Get a box and the basics. You gotta get a job so having the minimum will get you there and started paying back your student loans. Buy bigger better and more when you start getting paid to have them.
what is the discount amount for students, on say sockets, wrenches, ratchets?
50% off list. MAC, Matco, and Cornwell also offer similar discounts.
cgv69
Well-known member
To the best of my knowledge, that /\ only way to take advantage of the Snap On's Student Excellence Program (SEP). The only exception that I am aware of is, some schools have a driver who work within SEP but most drivers do not.Student discount is online and you pay outright.
Now this I do not agree with. Yes, there are some limitations as to what's available through SEP but most of the basics are available and the discounts are substantial.Don't screw yourself loading up on Snappy credit. It's also getting more and more limited what they'll let you buy under the SEP program.
Normally I would agree that a young person starting out doesn't need to get saddled with a bunch of debt but in this case, I think it is justifiable. As I said, the SEP offers substantial discounts so assuming you can get a loan with a decent rate (not necessarily through Snap On) and you can afford the payments, this route (even with interest) would be substantially cheaper in the long run then paying full price on the truck later.
tlpatter
Well-known member
I have found that most of the stuff is 42% off of retail. I graduated from a&p tech school back in july and right before I got out I got 1000 in tools. Which isnt much, but I already had quite a bit of tools that I had accumulated over the last few years already. You pay monthly if you finance through snap on. If you finance you have to spend at least 1000.
Now I am going to touch on the limitations:
Pretty much the only thing you cant get is really big ticket items like air compressors and their top of the line boxes. The snap on rep comes by every now and again with a brochure that has student tool kits and other things in it. But if you know the part number of a tool that is not in the brochure you can contact your rep tell him what you want and he will give you a quote (this is how I found out the discount was 42%). You can also buy snap on industrial brand tools (williams, wright, etc) but the discount isnt as deep. Everything ships free also.
Now I am going to touch on the limitations:
Pretty much the only thing you cant get is really big ticket items like air compressors and their top of the line boxes. The snap on rep comes by every now and again with a brochure that has student tool kits and other things in it. But if you know the part number of a tool that is not in the brochure you can contact your rep tell him what you want and he will give you a quote (this is how I found out the discount was 42%). You can also buy snap on industrial brand tools (williams, wright, etc) but the discount isnt as deep. Everything ships free also.
IFMJohn
Well-known member
My student discount with Snap-on was 48% off of list price. Their interest rate is ~20% and finance up to $6,500. The larger schools (like UTI) will have a Snap-On rep from corporate who has an office on campus and works bankers hours. You can order through the rep or online.
Matco gave me 58% off of anything they sell, although I only ordered a box with the discount. Matco also offered lower financing rates that Snap-On.
Matco gave me 58% off of anything they sell, although I only ordered a box with the discount. Matco also offered lower financing rates that Snap-On.
i know snapon offers financing, but i have never used it. the snapon SEP allows you to purchase $9000 in tools at list price, so roughly about $4500 worth at the student price. you can also purchase 1 tool storage unit. Matco had a larger selection in their student program, just about everything was offered except the 5s and 6s toolboxes and some more specialized diagnostic equipment. i would say take advantage of the student discounts as much as you can. as others have stated if you don't have the cash a student loan would be a bettery option for financing than through the tool companies as the interest rats are much lower and you don't have to start paying until you are done with school (and hopefully employed.) i have a few friends in my shop that didnt buy anything with their student discounts and now are paying full truck prices. they have all said they regret it.
Roaldo94
New member
You can purchase straight thrs the SEP website or from your schools snap on rep. And for the credit they run your credit first and then give you a credit limit depending on your credit. Only way to start the credit is by starting with a minimum $1,500 order then they charge a 20% financing fee for 36 to 48 months. You make monthly payments til you are done paying or can get more additional credit if you pay your first amount off. The first 3 months of payments are interest free. And you can still order from the website or thru your dealer regardless of having a credit line or not.
Roaldo94
New member
And they actually allow you to purchase $9000 worth in toold at student price. Which is actually $18000 retail price. Plus you can purchase one top box and one bottom box which don't affect your $9,000 dollar limit. I've ordered about $2000 worth thru credit and a few hundred more with my own money. I honestly can't complain, I am very satisfied with it all and plan to order more. Only thing that does **** is that the offer ends once you graduate x (
It will be be setup for monthly payments. When I was in school I bought the pre-set list by the school, and I assumed that the cost of anything I needed after that would be added ontop. At the time, the rep told me they could do that but it had to be a min. of $500 I think. So all the smaller stuff I wanted to buy afterwards I payed for outright, still at the discount price though. Also you can buy tools either through the rep or online, but you're rep has to help you setup your online student account.
And i'll back up what other guys posted already as far as buying tools while you're still in school with the discount; if you can figure out what field/brand/dealer you'll want to work in after school, it can help you figure out what tools you should just buy ahead of time now with the discount.
Also, I never checked out Mac tools, but I was informed by a buddy that Matco also offers discounts. You have to sign up with your .edu school email, plus some other details. I was given the discount but ended up not buying anything.
And finally, look in your area's craigslist tool ads. Another buddy of mine ended up buying his entire tool set from another guy off craigslist who had dropped out of school and couldn't afford the payments afterwards. He came out further on top because (I think someone mentioned this already), you have a set limit of how much you can buy in total with the discount. Basically my buddy got his entire tool set for nearly the student price, plus still had his 'official' school snap-on limit available.
P.S. please remember you're buying on credit. Don't buy stupid **** you don't need, like the longest breaker bar available, just because you thought it was cool.
And i'll back up what other guys posted already as far as buying tools while you're still in school with the discount; if you can figure out what field/brand/dealer you'll want to work in after school, it can help you figure out what tools you should just buy ahead of time now with the discount.
Also, I never checked out Mac tools, but I was informed by a buddy that Matco also offers discounts. You have to sign up with your .edu school email, plus some other details. I was given the discount but ended up not buying anything.
And finally, look in your area's craigslist tool ads. Another buddy of mine ended up buying his entire tool set from another guy off craigslist who had dropped out of school and couldn't afford the payments afterwards. He came out further on top because (I think someone mentioned this already), you have a set limit of how much you can buy in total with the discount. Basically my buddy got his entire tool set for nearly the student price, plus still had his 'official' school snap-on limit available.
P.S. please remember you're buying on credit. Don't buy stupid **** you don't need, like the longest breaker bar available, just because you thought it was cool.
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RedneckWelder
Well-known member
I would avoid Snap On corporate credit if I could. 19 percent or higher is rather unattractive to me. Truck credit is often zero percent, but you would be hard pressed to get student discount and truck credit.
Our student rep at my school is an industrial rep who serves us too. He does not offer truck style credit.
If you need financing to get some tools, I would talk to your bank or credit union for a personal loan.
Our student rep at my school is an industrial rep who serves us too. He does not offer truck style credit.
If you need financing to get some tools, I would talk to your bank or credit union for a personal loan.
wild cowboy
Banned
I think you students should hold out for the level of discount that many of the tech schools offer:
64% off on Snap-On
60% off on Mac
52% off on Matco
64% off on Snap-On
60% off on Mac
52% off on Matco
RedneckWelder
Well-known member
I think you students should hold out for the level of discount that many of the tech schools offer:
64% off on Snap-On
60% off on Mac
52% off on Matco
Eh I get that or higher off of Matco, 50 off of Mac, and about 40-50 off of Snap On. Not much way I can get the higher levels, they don't allow it.
It's a good deal on what you can get usually. Personally I source my tools from elsewhere most of the time, mainly using the resources of GJ and spending some time on craigslist and at the local fleamarket.
There is plenty of opportunity for affordable yet quality tools out there if one can spend the time. If you need tools right away, then you can go through the official discount programs but I prefer bargain hunting.
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