Snap-on Tool Box Truck

[geologist]

I'd say Snap-On has less than a grand in a big roller like that, all things considered once you figure out the price of the steel, time to manufacture it, cost of paint, shipping, etc.

How It's Made Tool Boxes (Snap-on)

 

[ianguilly]

Wow $42 weekly payments, should be getting a KRA series extreme green soon.

 

[osborn.ozzy]

I need to find this truck!

 

[pearltsi]

Ditto!

 

[twincam00]

congrats on the box, thats a sick deal

 

[Zebu Fellenz]

I'd say Snap-On has less than a grand in a big roller like that, all things considered once you figure out the price of the steel, time to manufacture it, cost of paint, shipping, etc.

How It's Made Tool Boxes (Snap-on)

I'd say you're wrong.

I won't argue that Snap-On boxes have a VERY healthy profit margin but there's absolutely no way they can build a box that weighs ~900 pounds, with ~20 sets of quality roller bearing slides for under $1,000.

Steel alone is ~$800/ton right now, that's nearly $400 in raw material, do you honestly think all the fabrication work to form the cabinet, machine work to create the slides, and finish work can be done for $600?

 

[wornoutoldman]

Congrats to the OP that is an awesome deal! I'll take mine in screaming yellow please!

 

[xj31]

Cool to see other guys getting good deals too. I really didn't think I would ever have this box, but how could I refuse? I'm just glad I didn't buy it earlier.

If they thought they were gonna sell me more tools because of this box, they made a mistake there. I have been at this for 25 years. I don't really need anything. Sure I will always buy more tools. I actually didn't get any more space in this box. Yea, I got more drawers, but with my old setup, I had about the same amount of space. Plus some of the drawers aren't as deep as my old setup. The top drawer is deeper, which is awesome because I can stand up all my sockets. Plus the second drawer is 2 bays wide so I can finally get all my wrenches in one drawer.That I really like. The best part is the hutch. Now I leave all my cordless tools up there and my laptop. It's a lot more convenient. So I guess I did get more space, or at least more useable space and I am more organized. No more drawers jammed full of pliers or screwdrivers.

The worst thing about a new tool box is moving into it. I'm still getting settled and I will be re-arranging things, but I'm almost there. It's amazing how much **** you can accumulate. A lot of WTF was I saving THAT for? I threw out all kinds of stuff and brought a bunch of tools home.

One other thing , the way I understand it, my dealer made ZERO on this deal. He just gets my trade in. Whatever he sells that for is what he makes. And that is all his, SO gets nothing from that so they really are almost giving boxes away.The shipping can't be cheap either. I really think they are hoping on making it up on the financing.

 

[battlegraduate09]

Got my order in today

 

[lennoxlennox]

I'd say Snap-On has less than a grand in a big roller like that, all things considered once you figure out the price of the steel, time to manufacture it, cost of paint, shipping, etc.

How It's Made Tool Boxes (Snap-on)

I'd say you're wrong.

I won't argue that Snap-On boxes have a VERY healthy profit margin but there's absolutely no way they can build a box that weighs ~900 pounds, with ~20 sets of quality roller bearing slides for under $1,000.

Steel alone is ~$800/ton right now, that's nearly $400 in raw material, do you honestly think all the fabrication work to form the cabinet, machine work to create the slides, and finish work can be done for $600?

while it might make for great forum fodder to talk about how much snapon makes or doesn't make... most posts would think snapon is ripping everyone off or making excessive profits

the reality is much different

From normal business operations, i.e. you can translate that to every item you buy, Snapon makes 13.5% operating earnings

or to put it in dollar terms ... on $2.85 Billion in sales last year, their operating earmings was $384.75 Million. They made another $90.35 Million off of their financial services, so yes, they do make and expect to make good money financing the tools... or roughly 1/5 of their operating earnings comes from financing.

But after all expenses are taken out, their net income is $276.3 Million or less than 10% net profit.

Hardly a company that is making huge profits.


sourced from their annual report
http://www1.snapon.com/display/annualreports.nws

 

[lennoxlennox]

one more point... their cost of goods sold... or in other words.... the hard costs associated with the manufacture of product is 53.1%

so roughly to manufacture anything costs them a little over half the price... then add to it all the other operating expenses account for 33.4%, i.e. general, selling & admin, r&d etc


so when they offer the votech discount... it's a damn good discount... pretty much their direct product cost

 

[battlegraduate09]

Cool to see other guys getting good deals too. I really didn't think I would ever have this box, but how could I refuse? I'm just glad I didn't buy it earlier.

If they thought they were gonna sell me more tools because of this box, they made a mistake there. I have been at this for 25 years. I don't really need anything. Sure I will always buy more tools. I actually didn't get any more space in this box. Yea, I got more drawers, but with my old setup, I had about the same amount of space. Plus some of the drawers aren't as deep as my old setup. The top drawer is deeper, which is awesome because I can stand up all my sockets. Plus the second drawer is 2 bays wide so I can finally get all my wrenches in one drawer.That I really like. The best part is the hutch. Now I leave all my cordless tools up there and my laptop. It's a lot more convenient. So I guess I did get more space, or at least more useable space and I am more organized. No more drawers jammed full of pliers or screwdrivers.

The worst thing about a new tool box is moving into it. I'm still getting settled and I will be re-arranging things, but I'm almost there. It's amazing how much **** you can accumulate. A lot of WTF was I saving THAT for? I threw out all kinds of stuff and brought a bunch of tools home.

One other thing , the way I understand it, my dealer made ZERO on this deal. He just gets my trade in. Whatever he sells that for is what he makes. And that is all his, SO gets nothing from that so they really are almost giving boxes away.The shipping can't be cheap either. I really think they are hoping on making it up on the financing.

Thats what im looking for. My current boxes are full, i COULD fit a litle more in there but id rather be organized. and like you said the price i got my box for was over 50% off the list price. I got a box that was deeper, and wider, but has less drawers than mine all together but quite a bit more usable space.

I thought the same about financing, i didnt tell my dealer but i plan on paying it off within the first month, maybe stretch it to two.

 

[xurusaibobx]

there are not fees for paying off your financing earlier just less interest paid. however they did have promos 6 months same as cash deals where no interest charges for the first 6 months but i havent seen that applied lately.

 

[idoitproject]

Sigh...why do I have to be unemployed...

CONGRATS!!!

 

[franzdom]

bump for thejudges69

 

[thejudges69]

hmmm, i've never saw this in my area, my snap on guy hasn't said anything either. I would gladly do something like that but i don't think he's going to give me 8k trade in on my old snap on.

 

[thejudges69]

how do you know where there going to be at?

 

[TheTurk]

how do you know where there going to be at?

i asked my snap on dealer and he called them to my shop for following week, unfortunately the deal they gave me was nowhere near what OP got

 

[MoToys]

Ask your dealer about it or call customer service. They had that truck in my area last year.
Your dealer may be able to strike as good a deal without the truck if he sees your motivated to buy.

 

[cgv69]

So anyways, How does Snap-on do this? Is there that much mark up in their boxes?( Wouldn't surprise me)

Of course there is. Snap on makes some of the nicest tool boxes but do you really think it costs them anywhere near $10K to make a tool box?

Think about it, what is a tool box other then some bent sheet metal, some slides, some wheels and some paint? My guess is someone with a large enough metal press and a welder could make a box every bit as good for no more then $500 in materials. Even factoring in labor, I would be hard pressed to believe it cost them more then $1k to make even their biggest boxes. Most probably come in well under that. Granted, there are a lot of hands along the line that are going to want a piece of the profit which is going to inflate the price but still, $8k - $10 or or more for a box is just ridiculous IMO.

As just one example, Companies like Honda and Yamaha sell a number of motorcycles, quads and dirt bikes that are priced well under $10k. Some of these bikes have to be shipped in from overseas and and have all the same distribution and dealer costs associated with them. Do you really think it costs snap on anywhere near as much to make a tool box as it does Honda to make a motorcycle? There is a hell of a lot more engineering, machining and materials that go into your typical MC then there is a tool box

Don't get me wrong, I think SO makes the nicest tool boxes around and I would love to have one but make no mistake, they are seriously over priced for what you are getting. I'm not knocking them for it. I believe in capitalism so if that's what they want to charge and that's what others are willing to pay, more power to them but the only way I'm ever going to buy one is if I come across a sweet deal on a used one.

By the way, congrats on the new box!

 

[cgv69]

But after all expenses are taken out, their net income is $276.3 Million or less than 10% net profit.

Just because their reported net profit equals 10%, it does not automatically follow that they only make a 10% profit per tool (or tool box). There are so many factors that go into that plus a number or ways to "cook the books" as they say. Also keep in mind, as a privately owned company, it's not in their best interest to report truly accurate statement of profit.

The truth is, none of us really know how much they are making, especially on a tool by tool basis. I'm sure they have some tools they make very little profit on. Maybe even some they loose money on but there is no doubt in my mind they are making huge profits from their tool box line, especially on the larger more upscale models.

 

[lennoxlennox]

Of course there is. Snap on makes some of the nicest tool boxes but do you really think it costs them anywhere near $10K to make a tool box?

Think about it, what is a tool box other then some bent sheet metal, some slides, some wheels and some paint? My guess is someone with a large enough metal press and a welder could make a box every bit as good for no more then $500 in materials. Even factoring in labor, I would be hard pressed to believe it cost them more then $1k to make even their biggest boxes. Most probably come in well under that. Granted, there are a lot of hands along the line that are going to want a piece of the profit which is going to inflate the price but still, $8k - $10 or or more for a box is just ridiculous IMO.

As just one example, Companies like Honda and Yamaha sell a number of motorcycles, quads and dirt bikes that are priced well under $10k. Some of these bikes have to be shipped in from overseas and and have all the same distribution and dealer costs associated with them. Do you really think it costs snap on anywhere near as much to make a tool box as it does Honda to make a motorcycle? There is a hell of a lot more engineering, machining and materials that go into your typical MC then there is a tool box

Don't get me wrong, I think SO makes the nicest tool boxes around and I would love to have one but make no mistake, they are seriously over priced for what you are getting. I'm not knocking them for it. I believe in capitalism so if that's what they want to charge and that's what others are willing to pay, more power to them but the only way I'm ever going to buy one is if I come across a sweet deal on a used one.

By the way, congrats on the new box!

well that is a view

but the reality is the machines, the research, design and testing, the plant, the people, the raw materials and inventory hold costs, the freight, etc all factor into the costs

as i've listed previously, everyone can assume what it costs to make things, but their annual report with their financials, while not broken down to individual products has their direct manufacturing associated costs for all products at approximately 55%. After you subtract all general, selling and adminstrative costs, the profit margin (which is currently at an all time high), is at 13% or 87% total cost on all products.

This obviously assumes selling price on all items (not list price), so if you average the price they sell the boxes for, i.e. list, slight discount, huge promotion.... that would be the avg price for a given box

 

[lennoxlennox]

Just because their reported net profit equals 10%, it does not automatically follow that they only make a 10% profit per tool (or tool box). There are so many factors that go into that plus a number or ways to "cook the books" as they say. Also keep in mind, as a privately owned company, it's not in their best interest to report truly accurate statement of profit.

The truth is, none of us really know how much they are making, especially on a tool by tool basis. I'm sure they have some tools they make very little profit on. Maybe even some they loose money on but there is no doubt in my mind they are making huge profits from their tool box line, especially on the larger more upscale models.

now that is funny

they are not a private company, they are a public company, i.e. you buy their stock on the market.

but what is really funny is the notion they would "cook the books" and "not in their best interest to report truly accurate statement of profit"

Sure, i bet they have no concern for going to jail.

and their independant auditors who have signed off and attested to the accuracy of the accounts in their annual report and who are in no way associated with snapon don't mind going to jail with them because they have a conspiracy to hide what it costs to make a toolbox

 

[Toolman12]

That is a sweet deal i would love to move into that box (no hutch) i would prefer the black one though or the cranberry but still like the green. Please send these guys to Tampa fl. I just sold my green boxes still have my kra2411 and would trade that in so fast you would think it have a 454 big block in it.

 

[tdab]

All you guys should post up your receipts like some have done. Those are some killer deals. I am going to make a few calls on Monday and find out if there is anything cooking around the Carolinas. One of my dear friends owns a shop and they have regular service from the local Snap On Dealer (every Friday!)...Hopefully he knows something.

These prices are fantastic for what you are getting. That beats the hell out of most beat up boxes on Craigslist....

 

[Chuckdeeznutz]

If you look at my signature pic below that's not even a 1/4 of the boxs in my building. We receive in atleast 4-5 53' trailers every week to ship out to costumers. As for the cost of the boxs themselves I can't tell you that. Let's just say they are making a HUGE!!!!!! profit off each box they sell. If you find a box brand new for less than have the price then your getting a GREAT DEAL!!! And if your dealer offers you almost half of what you paid for your used box jump on it ASAP! Tool boxs are just one of there greatest profits.

 

[cgv69]

now that is funny

they are not a private company, they are a public company, i.e. you buy their stock on the market.

but what is really funny is the notion they would "cook the books" and "not in their best interest to report truly accurate statement of profit"

Well I guess you got me on the public vs private thing but you are really naive if you think that companies do not get "creative" with their accounting.

I'm not talking about anything illegal but there are thousands of perfectly legal ways to "massage" the data.

 

[flashman]

Well I guess you got me on the public vs private thing but you are really naive if you think that companies do not get "creative" with their accounting.

I'm not talking about anything illegal but there are thousands of perfectly legal ways to "massage" the data.

The guy is not naive about what you said, he just bluntly stated that you saying they are cooking the books is stupid. Yes, there are creative ways to save money legally, which is not cooking the books as you stated.

 

[osborn.ozzy]

If you look at my signature pic below that's not even a 1/4 of the boxs in my building. We receive in atleast 4-5 53' trailers every week to ship out to costumers. As for the cost of the boxs themselves I can't tell you that. Let's just say they are making a HUGE!!!!!! profit off each box they sell. If you find a box brand new for less than have the price then your getting a GREAT DEAL!!! And if your dealer offers you almost half of what you paid for your used box jump on it ASAP! Tool boxs are just one of there greatest profits.

Spill the beans or your gonna get tied to a chair.

 

[Syndicate]

I am just curious! Warmpancakes, u said u showed your dealer the receipt from the OP. Did u or did u not get the same deal? Also anyone else who shows any dealer any of the posts here, are u getting a deal?

 

[warmpancakes]

I am just curious! Warmpancakes, u said u showed your dealer the receipt from the OP. Did u or did u not get the same deal? Also anyone else who shows any dealer any of the posts here, are u getting a deal?

he said the "box truck" can cut better deals But hes working with me, he really wants me in a new box but he knows im real cheap My driver Tom is great, he really understands customer service and really tries to make alot of people happy

 

[dandan111]

Great box. Great deal. That green jumps out like a old muscle car!

 

[thejudges69]

I am personally a heavy researcher when it comes to buying something big like this. I don't think that snap on makes the best boxes anymore. majority of there boxes are single railed and can only hold up to 150 lbs and couble railed boxes can hold 250 lbs. Now I know, how often do you put that much weight in the drawer. they claim there boxes have a double wall construction for strength but then they short change the box with limited amount of slides. I'm sorry but personally I think guys are wasting there money on a name. When I buy my box I'm going to buy the best bang for my buck. it maybe a snap on if the price is best or it maybe a matco or a mac or maybe an extreme tools box.

I'm not trying to say people are wrong for buying the boxes they have, but when you walk into a big shop and look at all the boxes lines up, 99% of them are big truck brands because its a popular name and people are always in ahhh when they see that box. again I've saw big truck boxes all smug and shiny but then you open the drawers and there full of craftsman, s&k and other odd brands of tools. It really don't make any sense to me, its a 10 thousand dollar square piece of eye candy that 99% of the word does not see.

I'd rather put 10K into my father in laws 70 chevelle SS and let the whole world see it.

 

[rhastings80]

I would have to agree with you. I went to a few pawn shops over the last week and saw 5 or 6 different used Snap-On boxes. I wasn't impressed with the KRA boxes. I will say the KRL were fairly nice but think they are worth around maybe 1500 not 10k. I had envisioned both the KRA and KRL boxes would be more beefy or substantial. I'm will stay on the look out for more used Lista/Vidmar boxes.

I am personally a heavy researcher when it comes to buying something big like this. I don't think that snap on makes the best boxes anymore. majority of there boxes are single railed and can only hold up to 150 lbs and couble railed boxes can hold 250 lbs. Now I know, how often do you put that much weight in the drawer. they claim there boxes have a double wall construction for strength but then they short change the box with limited amount of slides. I'm sorry but personally I think guys are wasting there money on a name. When I buy my box I'm going to buy the best bang for my buck. it maybe a snap on if the price is best or it maybe a matco or a mac or maybe an extreme tools box.

I'm not trying to say people are wrong for buying the boxes they have, but when you walk into a big shop and look at all the boxes lines up, 99% of them are big truck brands because its a popular name and people are always in ahhh when they see that box. again I've saw big truck boxes all smug and shiny but then you open the drawers and there full of craftsman, s&k and other odd brands of tools. It really don't make any sense to me, its a 10 thousand dollar square piece of eye candy that 99% of the word does not see.

I'd rather put 10K into my father in laws 70 chevelle SS and let the whole world see it.

 

[Syndicate]

he said the "box truck" can cut better deals But hes working with me, he really wants me in a new box but he knows im real cheap My driver Tom is great, he really understands customer service and really tries to make alot of people happy

Thanks for the reply. I am real curious, as there are some other folks here stating that they too will show a receipt to their dealer. Keep us posted if you move into a new "Orange Crush" or if ya decide on any other color.

That is a smoking deal the OP got for sure
Just wonder how they do it, when I see so many repo orders around here and those are for the 5K boxes and less. Can't imagine what it would be like for someone to take on a 10K plus new loan at 27.99%

 

[battlegraduate09]

not as good as a deal as the OP but i got my KRL722 for $2612.50

 

[supersteve]

Something tells me I'm gonna see a whole herd of Cornwell unicorns before I see this Snap-on tool box truck.

 

[AgencyLife]

Anyone ever find this truck?

 

[Brownsfan]

It will be here in Cleveland at Southeast Harley Davidson on Saturday 6-16-2012 from 12-5pm.

 

[AgencyLife]

It will be here in Cleveland at Southeast Harley Davidson on Saturday 6-16-2012 from 12-5pm.

Thanks! But I'm in South Florida.