Tool box Insanity

[chadster1]

....... The company that sold him his house and their finance sold him his home knowing he couldn't afford to keep it unless he worked two jobs.

Who's fault is that? At some point, the person signing the contract agreeing to the payments has to take a little responsibility.

 

[sawatch]

I,ve gone along thru the years with a couple of older, well used, top boxes. This year I found a classic BP top,bottom, & side and the guy wanted to do a trade so I got 'em for very reasonable money. It holds dang neart all my tools and the red/blue color is pretty. That's the extent of my bling...

 

[NWphotog]

Who's fault is that? At some point, the person signing the contract agreeing to the payments has to take a little responsibility.

By that rationalization drug dealing should be legal.

 

[Theloniousmonk]

"Deceptive Lending" is deceptive.

selling bad loans back to yourself, at a loss, is even worse...

 

[Moose-LandTran]

Who's fault is that? At some point, the person signing the contract agreeing to the payments has to take a little responsibility.

Agreed. Banks want to make as much money as they can, they're a business. Sub-prime mortgages are a prime (Ha!) example for banks doing stupid things to make more money. Give someone a $300,000 morgage on a $250,000 house. Person defaults, bank reposesses house and gets $250,000 back for it.. Oh wait, they're still out $50,000.. Who's at fault? The bank shouldn't be lending more money than they can reclaim should the deal go sour.


As for the debt aspect with techs and their dealers, i owe my dealer $1.84.. I hope he doesn't come reposess my stuff..

My KRA is almost out of space, i'll rearrange it a bit more and get some more space. When that's filled i'll take my KR56 to work and start filling that up too.. There ain't a whole lot of space left:

 

[mrholeshot]

Mrholeshot I have a very reasonable answer for you.

So I purchased one of these megabox's a KRL1024.

Three deciding factors went into purchasing it. Size and storage, i had recently purchased a lot of large case tools that you can't really take out of the storage case(slide hammer, hub tamer, others) and to put it bluntly my classic 78 was cramped as hell with all my tools in it. As well as my shop isn't built like fort knox so if someone decided to break in with ease they could pick up any of the 26" craftsman units my coworkers have and toss them into the back of a pickup. Trying to move a 9 foot long 1600lb box isn't an easy task.

Pricing, at the time there was an instant 2000 dollar rebate on purchases over 10k. I got 3000 for my classic 78 which was pretty beat up and with my student discount I had only paid 2200 for my classic 78. That still wasn't enough for me my dealer then to seal the deal took another 1300 right out of his profit to make the sale. So i ended up paying 10500 with tax for my box.

Building my credit was my final deciding factor. I have a car that is in decent shape that i love so i don't need a new car. I plan on being in the industry so i invested in something that I need.

Everyone at my shop gives me **** about the box. One kid is like if I was gonna buy something like that I'd buy a house. He doesn't seem to comprehend the concept toolbox 10k, house several hundred thousand. A minimum toolbox payment is 280 a month, not a mortgage payment of 1000 or more.

In the end the box gives me a 9 foot personal work bench, all the storage room I need, security, a way to build credit for when I do want to take out a big loan for a house or a car when I need one. And being 21 making 60k a year living at home I can afford it.

You missed to point, Your other box was cramped so you went bigger. My point wasn't about the cost or even needing a new toolbox. The point I made was about people who buy the box and spend mega dollars on it and can't even fill one drawer of it. I've owned some mega dollar toolboxes but it was a matter of need. If you need it, want it and can have the tools to at least get it 3/4 full I say go for it. I just think it's insane to spend 10K on a toolbox with only a few hundred dollars worth of tools to put in it. that was the entire point

 

[00S4Boy]

You missed to point, Your other box was cramped so you went bigger. My point wasn't about the cost or even needing a new toolbox. The point I made was about people who buy the box and spend mega dollars on it and can't even fill one drawer of it. I've owned some mega dollar toolboxes but it was a matter of need. If you need it, want it and can have the tools to at least get it 3/4 full I say go for it. I just think it's insane to spend 10K on a toolbox with only a few hundred dollars worth of tools to put in it. that was the entire point

Yea but going from a classic 78 to a krl1024 my box is only slightly more then half full right now.

 

[mrholeshot]

Who's fault is that? At some point, the person signing the contract agreeing to the payments has to take a little responsibility.

I absolutly agree and this isn't about the outrageous cost of a toolbox, or getting screwed over buy the tool man (never felt that way when shopping with my snap-on man) but I don't understand why people buy the huge box before owning much of anything in tools. But under the contract I feel like it's made too easy for many things including toolboxes. I don't know how true it is (maybe you can confirm) that Snap-On will extend 20K in credit to students before they ever get a job. Is it true or bunk?

 

[Moose-LandTran]

You missed to point, Your other box was cramped so you went bigger. My point wasn't about the cost or even needing a new toolbox. The point I made was about people who buy the box and spend mega dollars on it and can't even fill one drawer of it. I've owned some mega dollar toolboxes but it was a matter of need. If you need it, want it and can have the tools to at least get it 3/4 full I say go for it. I just think it's insane to spend 10K on a toolbox with only a few hundred dollars worth of tools to put in it. that was the entire point

If that's what they want, why not? You ain't paying for it and they won't come reposess your **** if that person defaults.

Live and let live. I couldn't care less what box or contents the next guy has.

 

[NWphotog]

Agreed. Banks want to make as much money as they can, they're a business. Sub-prime mortgages are a prime (Ha!) example for banks doing stupid things to make more money. Give someone a $300,000 morgage on a $250,000 house. Person defaults, bank reposesses house and gets $250,000 back for it.. Oh wait, they're still out $50,000.. Who's at fault? The bank shouldn't be lending more money than they can reclaim should the deal go sour.

Except the broker bank was marketing the mortgage to unsuspecting/ignorant mortgagees then packaging hundreds of loans together and selling them off to Freddie Mac and other institutional investors. Who was at fault? Everyone, the broker, the buyer, the government, and the public.

 

[LincolnCont.]

And being 21 making 60k a year living at home I can afford it.

Who for and in what state does a company pay a 21yr old 60grand yr. to turn a wrench? and are they currently hiring? @ My place of employment the Head Mech Supervisor (the guy in his fifties with all the "been there, done that" xperience who now manages people, does paperwork, and sits in meetings all day) only makes that much on salary and ur making that @ 21. u got it made man

 

[Indy_500]

My HF 41" bottom box is plump full, my tools are now being put on top of other tools. So... who's going to buy me the top box?

 

[00S4Boy]

Who for and in what state does a company pay a 21yr old 60grand yr. to turn a wrench? and are they currently hiring? @ My place of employment the Head Mech Supervisor (the guy in his fifties with all the "been there, done that" xperience who now manages people, does paperwork, and sits in meetings all day) only makes that much on salary and ur making that @ 21. u got it made man

60k a year is garbage. If i could manage to stay busy all day I'd be in the 6 figures.

It's all about dedication. I work for National Tire and Battery, I have 7 ASE's I get 21% commission's of parts and labor of the jobs I do. I work in a 10 bay shop 2 tire buster lifts, 4 single post in ground, 2 double post in ground, 2 in ground alignment racks. There are 3 mechanics and 3 tire technicians. I also happen to be the most qualified mechanic there as well as the youngest. It's about getting your hands on cars, finding work and having a decent sales staff.

 

[carder69]

I think it is good to point out to someone starting out to offer guidance on putting your money into tools versus a $10K box. I am certain I did not learn all my financial lessons until I made the mistake and then it was too late. With ebay and CL, I wonder why anyone buys at full retail from a truck unless the need is immediate and I can't beleive buying a tool box is something that has to happen in one day.

 

[Chris_R/T]

Probably due to the "bling" factor with this younger generation. Everyone can see your big, shiny, impressive toolbox at work. Not matter what box, they can't easily see how many ratchets, extensions, sockets, etc. you have.


Beerman

I agree for the most part, but I'm 18, and make do with a Kennedy rollaway and 2 drawer top box at work. At home I'm confined to just an inherited cornwell top box and some hand carry boxes right now. All of them are almost stuffed full (will have to upgrade soon if funds allow). I don't think it's limited to younger folks at all, is what I'm saying. Plenty of people 30 yrs old plus are doing it too.

 

[mrholeshot]

If that's what they want, why not? You ain't paying for it and they won't come reposess your **** if that person defaults.

Live and let live. I couldn't care less what box or contents the next guy has.

Just trying to get a perspective not trying to change the world. maybe I'm just old and don't understand the new way of thinking

 

[Moose-LandTran]

Just trying to get a perspective not trying to change the world. maybe I'm just old and don't understand the new way of thinking

I understand what you're saying and there are times that i think the same things, but shortly i revert back to "Oh well, ain't my life." and i go back to not caring. I've seen guys start out and drop thousands on a new box and not have anything to fill it, and i would think "Why did they do that? The tools are more important than what contains them, etc.."

Shortly after that i'd think about food, women, tools, women, cars or even women and i wouldn't care any more.

 

[Boiler]

I think it is good to point out to someone starting out to offer guidance on putting your money into tools versus a $10K box. I am certain I did not learn all my financial lessons until I made the mistake and then it was too late. With ebay and CL, I wonder why anyone buys at full retail from a truck unless the need is immediate and I can't beleive buying a tool box is something that has to happen in one day.

I buy and sell snap on 2nd hand and I still buy it off the truck as well. Why? To maintain a relationship with my #1 screwdriver fixer.

 

[mrholeshot]

60k a year is garbage. If i could manage to stay busy all day I'd be in the 6 figures.

It's all about dedication. I work for National Tire and Battery, I have 7 ASE's I get 21% commission's of parts and labor of the jobs I do. I work in a 10 bay shop 2 tire buster lifts, 4 single post in ground, 2 double post in ground, 2 in ground alignment racks. There are 3 mechanics and 3 tire technicians. I also happen to be the most qualified mechanic there as well as the youngest. It's about getting your hands on cars, finding work and having a decent sales staff.

Cough cough. I'm a firm beleiver in ASE and demanded it from my techs. At 21 you are still wet behind the ears. Quailfied doesn't mean experianced. My mastertechs had over 20 years experiance, made 37.50 per hour (50%) stayed busy all day and still could hit 6 figures.

 

[00S4Boy]

Cough cough. I'm a firm beleiver in ASE and demanded it from my techs. At 21 you are still wet behind the ears. Quailfied doesn't mean experianced. My mastertechs had over 20 years experiance, made 37.50 per hour (50%) stayed busy all day and still could hit 6 figures.

I never said i was the greatest mechanic in the world. But my shop has very poor staffing for mechanics. Aside from brakes and struts their mechanical ability is limited.

 

[Theloniousmonk]

i smell something stinky.

around here, seniority (as well as various certificates) dictates pay. Seniority = experience and time on the job, as well as time at the physical location.

I'm assuming NTB is like Tires Plus or Firestone or whatever... I know of no techs at these places in my area, regardless of experience or whatever, making 6figs... the senior techs will pull mid 5's, no problem, the young guys clean toilets and do oil changes ONLY.

Now, if they were doing 60-70hr weeks, maybe.

If you actually landed a spot like you say, DO NOT SCREW IT UP, KEEP IT FOR AS LONG AS YOU WORK. - no offense.

 

[Hiball]

Who's fault is that? At some point, the person signing the contract agreeing to the payments has to take a little responsibility.

Its your Fault Chad... Way to go.

 

[gReves]

cars, stereos, phones, tool boxes, wheels, it's all people who haven't learned to pay up front.

Stereotype much?

I dont want to sound like I'm bragging because I hate when ppl do it, but I will prove my point.

I've had a job since I was 15 years old and have worked my *** off ever since to buy the things that I've wanted. Built show trucks from the ground up, bought, sold, or traded them for other things. I'm always looking for the next opportunity to buy, sell, or trade to stay ontop of my game.

I just turned 25, in tech school, trucks with wheels and stereo's, lifted and fast 4wheelers, acouple other toys, couple nice trailers to transport them, a few shop tools(i.e. air comp, welder, ect). With the exception of my house, everything I own is payed for. Yes even my 72" snap-on box, and I'll admit is well organized due to being probally 40% full at the moment, but Its top priority and a working progress.

Not supported by mommy and daddy or credit cards.
I'll keep making my own way through life as I always have, while giving guys like you somthing to talk about.
Like an old guy once said, "If you don't have any haters, your not doing somthing right."

Have a nice day

 

[Stephenw]

For those who think you build credit financing through Snap-on, you better check into that. I bought a large tool box as well as a lift and neither were reported to the credit agencies. I understand if you are late on payments they'll sure report it.

 

[copterdoctor]

snapon reported my payments, but I paid off my box 2 years early.

I do have a big ol' snapon top/bottom combo. It's now at my house because I work out in the field most of the time, and when I'm in the shop I don't like going from my travel box to the shop box any more. I just work out of the travel box. I figure if I do it in the field I can do it in the shop. Just throw it up on a rolly cart and get at it...

my box is now home, and is probably 65% full. every once in a while I do have to bring a tool to work that I know I'm going to need. But that's for big sheetmetal type projects most of the time. And I have enough warning those are coming. If it's an emergency repair they use the company old guy that has been there done that with his eyes closed while walking uphill in the snow blindfolded both ways.
When I was working out of the big box at work, we are required to have it shadowed, so that takes up a lot of extra room. Not to mention we often have customers in our shop. I had a boss that insisted on organization and cleanliness, and recommended we get a high quality box when we were able to afford one because it showed we took our job seriously enough to put money into it.

 

[Skin]

i smell something stinky.

around here, seniority (as well as various certificates) dictates pay. Seniority = experience and time on the job, as well as time at the physical location.

I'm assuming NTB is like Tires Plus or Firestone or whatever... I know of no techs at these places in my area, regardless of experience or whatever, making 6figs... the senior techs will pull mid 5's, no problem, the young guys clean toilets and do oil changes ONLY.

Now, if they were doing 60-70hr weeks, maybe.

If you actually landed a spot like you say, DO NOT SCREW IT UP, KEEP IT FOR AS LONG AS YOU WORK. - no offense.

you forgot the 3 year payment plan [quoted $280 a month]. Who in their right mind would pay 3 years worth of interest on a 10k purchase if they were making 60k and had little to no other obligations? sounds like bs or poor money management anyway.

by the way 10k is a good start toward banking that down payment on a home, at least in quite a few areas of the country.

 

[00S4Boy]

you forgot the 3 year payment plan [quoted $280 a month]. Who in their right mind would pay 3 years worth of interest on a 10k purchase if they were making 60k and had little to no other obligations? sounds like bs or poor money management anyway.

by the way 10k is a good start toward banking that down payment on a home, at least in quite a few areas of the country.

I said minimum payment. I pay 800 a month towards the toolbox. Not dumping all my money into paying it off in 3 months.

 

[Robert Haas]

I said minimum payment. I pay 800 a month towards the toolbox. Not dumping all my money into paying it off in 3 months.

I still ain't buying the 60 k a year at the ripe old age of 21.

You have what 3 years full time employment as your experience?

Must be on the job training and a few years of shop classes from high school to "qualify" you right?


Unless your are related to the shop owners this is just straight up impossible.

 

[Skin]

then you are indeed paying a morgage payment...on a tool box

 

[00S4Boy]

I still ain't buying the 60 k a year at the ripe old age of 21.

You have what 3 years full time employment as your experience?

Must be on the job training and a few years of shop classes from high school to "qualify" you right?


Unless your are related to the shop owners this is just straight up impossible.

I started there April first.

 

[rsieracki]

I started there April first.

YOU DONT OWE AN EXPLANTION TO ANYONE

congrats your doing well... i wouldnt doubt some of the naysayers are a bit envious of your income and toolbox at your age.

 

[GTO]

I thought this was a Tool Forum.
This thread is turning into a ******* contest.

 

[Hiball]

you forgot the 3 year payment plan [quoted $280 a month]. Who in their right mind would pay 3 years worth of interest on a 10k purchase if they were making 60k and had little to no other obligations? sounds like bs or poor money management anyway.

by the way 10k is a good start toward banking that down payment on a home, at least in quite a few areas of the country.

then you are indeed paying a morgage payment...on a tool box

Wow.. This Kid cant catch a Break... First he gets blasted if he is extending his Credit full term ("Poor Money management") and Now He's questioned for making a Large Principle payment when he should have been buying a house. How bout he just spends his money where he wants to? Good enough..?

YOU DONT OWE AN EXPLANTION TO ANYONE

congrats your doing well... i wouldnt doubt some of the naysayers are a bit envious of your income and toolbox at your age.

Agreed... +1 Its amazing how everyone i talk to always is a Economic Genius, They pay off there credit cards every month, Never make poor decisions on purchases. I think 80% of the statements are BS and they are just trying to impress someone..

 

[Robert Haas]

Hell I am a 52 year old business owner and I am dang envious of what this kid says he is earning.

The rest of us poor folks (and I do mean poor in this economy) probably had to bust knuckles for decades before we rose to that side of the income curve.


Sorry kid, you obviously are one of the rare ones that has the skills and the luck to be in the right place at the right time, I suggest banking a bunch of money so when all hell breaks loose and the shop you are at bellies up. Well you will be sitting pretty on a nice bank account and big ol tool box you can live in

 

[caseyjw]

Hey I got me one of them big ole' snap on 10,000 dollar toolboxes..... for $2400 on craigslist... yep paid cash too.

And it's filled to the brim with nothing but absolute highest quality German made tools.

I'm an industrial maintenance worker, and do machine builds on 6 million dollar machines, and I don't make 60k a year.

there's my .02

Casey

 

[Skin]

Wow.. This Kid cant catch a Break... First he gets blasted if he is extending his Credit full term ("Poor Money management") and Now He's questioned for making a Large Principle payment when he should have been buying a house. How bout he just spends his money where he wants to? Good enough..?

I dont care what he spends his money on. He said someone at his work said they'd rather buy a house and he plainly stated that he felt that he had simply purchased a just a tool box and that a 280 payment on that was not the same as a morgage payment. He then stated he was paying 800 which completely contradicted what he said previously about it not being a morgage payment. I very simply stated that an $800 monthly payment is quite enough to make a morgage payment. I have zero issue with his age or income. Could really care less. Just found the statements contradictory. Got a problem with that?

 

[00S4Boy]

I dont care what he spends his money on. He said someone at his work said they'd rather buy a house and he plainly stated that he felt that he had simply purchased a just a tool box and that a 280 payment on that was not the same as a morgage payment. He then stated he was paying 800 which completely contradicted what he said previously about it not being a morgage payment. I very simply stated that an $800 monthly payment is quite enough to make a morgage payment. I have zero issue with his age or income. Could really care less. Just found the statements contradictory. Got a problem with that?

I also said toolbox 10k, mortgage 100k+. What if this job doesn't last for me, I'm stuck with a mortgage payment I can't make. But even doing a stupid pass by job I can afford 280 a month.

 

[jeffk14]

YOU DONT OWE AN EXPLANTION TO ANYONE

congrats your doing well... i wouldnt doubt some of the naysayers are a bit envious of your income and toolbox at your age.

No, he does not.

OOS4Boy; congrats on your position at such a young age. When I went to work out of A&P school (nearly 28 years ago) I lived with my parents for the first three years. I made a lot of money, had some fun and bought a whole lot of stupid ****. Enjoy the spoils of your efforts, but get in the habit of socking some away for a rainy day.

 

[Hiball]

I dont care what he spends his money on. He said someone at his work said they'd rather buy a house and he plainly stated that he felt that he had simply purchased a just a tool box and that a 280 payment on that was not the same as a morgage payment. He then stated he was paying 800 which completely contradicted what he said previously about it not being a morgage payment. I very simply stated that an $800 monthly payment is quite enough to make a morgage payment. I have zero issue with his age or income. Could really care less. Just found the statements contradictory. Got a problem with that?

Yeah.. you was doing real good till you slid that "Could really care less. Just found the statements contradictory". It sounds like the kid has a good job and is doing alright for himself in the financial department. I dont know to many 21 year olds who would make anything more than the minimum payment on a Purchase. I think its great... Personally.

"Got a problem with that"?? LMAO Easy on my Monitor there.. I dont need any fist's of fury flying thru it.

No, he does not.

I lived with my parents for the first three years. I made a lot of money, had some fun and bought a whole lot of stupid ****. Enjoy the spoils of your efforts, but get in the habit of socking some away for a rainy day.

It was fun buying Stupid ****.. Wasnt it.? LOL.. Ill tell you whats more fun though, Having that Rainy day fund when the World decides to Open the flood gates on you. Im glad i enjoyed my Youth prior to starting my Railroad Career, I used to be able to do things that are off limits now.

 

[Ford12508]

I was going through the "Show us your Toolbox" thread, and some guys have drawers that are literally 1/4 to 1/2 full at most. Like they had a 52" box with an 8 piece screw driver set in its own drawer.

I am 18 and only have a 41" top box, but I do need another box. I had to slow down on buying tools because right now my IR 2135TiMax, a set of Macpherson Strut compressors, a 2 jaw puller, a 3 jaw puller, a steering wheel puller, and coil compressors are sitting on my bedroom floor, along with 3 different socket sets.

When I say my tool box is packed, I mean you can't see the bottom of the drawers for the most part, I have tools on top of other tools. Thats the way it should be, not buying a huge tool box and then having the most basic tools sit inside of it.