Who here won this box for $6k

[Nealcrenshaw]

Someone won this for only 6K?
Have i not seen similar boxes sell for more than double?

Original Price: $21,000

http://cgi.ebay.com/ebaymotors/Matc...Z390146874291QQptZMotorsQ5fAutomotiveQ5fTools

 

[Rnz520]

i like that box, at 6k its a steal

 

[Diesel-Mech]

Looks like a school bus.

 

[bmwpower]

The owner....

 

[Snappy]

First thing I'd have to do is paint it

 

[bmwpower]

Might be cool if you drove a yellow vette though.

 

[mkdive]

I not a fan of the yellow.....but thats a freaking nice box! So nice I think I could stand the color!

 

[skeletonizer]

The owner....

...at least he thinks he is until Matco tracks the box down and tells the guy about the $18,598.22 still owed on it.

 

[mkdive]

...at least he thinks he is until Matco tracks the box down and tells the guy about the $18,598.22 still owed on it.

In that case, I would go with my gut feeling and paint it Blue! And look to see if its lo-jacked!

 

[bmwpower]

...at least he thinks he is until Matco tracks the box down and tells the guy about the $18,598.22 still owed on it.

I meant the seller bid on it to keep it from selling so low, but I hear ya.

 

[Paullew]

Yellow boxes do not have good resale value......he should be happy to get 6K. That box might have sold new for 12-13k......... 21K is bull

 

[Merkava_4]

Neal - how do you know someone from GJ won it?

 

[bry@n]

Merk,
I think it was just a thought...I don't think he went all Kojack on us.

 

[Joe69]

Yellow boxes do not have good resale value......he should be happy to get 6K. That box might have sold new for 12-13k......... 21K is bull

The one below retails for about $12k without the locker, last I knew. $21k doesn't sound impossible.

Joe

 

[JohnFreeman]

Looks like a small apartment complex.

 

[Skyline]

...at least he thinks he is until Matco tracks the box down and tells the guy about the $18,598.22 still owed on it.

At least Matco credit keeps track of all the serial numbers on every box. All you have to do as a buyer, (assuming the seller can not provide proof of payment,) is to call Matco credit with the serial number. They will tell you right away if anything is owed. They will also take the buyers credit card over the phone. So if, let's say $2,000 was still owed on a $6,000 box, you could pay Matco $2k, and the seller $4k, and be fine. I'm not sure what happens if more is owed than what it's worth. They will probably want to know the wherabouts of an unpaid box if you are not going to pay them.

I do not understand at all why Snap-on does not keep a central database of serial numbers. Only the original dealer has access to the numbers to trace an unpaid box. They can trace by a sellers name though, as long as there is an open Home Office account. No way to trace truck credit.

I've yet to approach MAC or Cornwell on this stuff.

 

[Merkava_4]

That yellow box was custom ordered to get those 9 big drawers ... I wonder what the reasoning was behind that?

 

[RbrtAWhyt]

Yellow boxes do not have good resale value......he should be happy to get 6K. That box might have sold new for 12-13k......... 21K is bull

A six series triple bay configured like the one in the E-Bay ad is over 21K...

http://www.matcotools.com/toolboxconfigurator/loaded.html

 

[TAMPAGT07]

Looks like a small apartment complex.

Ya beat me to it. I think I'd keep a pigmy in each of the end boxes. When you need a hand, just let em out. (NO offense to any Pigmy GJ members.)

 

[Nealcrenshaw]

Any know how much it would cost to get this box candy coated black or blue?

 

[scottmlew]

That yellow box was custom ordered to get those 9 big drawers ... I wonder what the reasoning was behind that?

Yeah, I was about to point out the odd drawer config on the box...what is (was?) he possibly putting in those drawers?!?

 

[mrshaun]

I have a customer with the same box and he got it for about 12000. 5000 bottom 3000 top and 2000 for the lockers.
you could do that same with the snap on kra series that is 24 inches deep

 

[Paullew]

I have a customer with the same box and he got it for about 12000. 5000 bottom 3000 top and 2000 for the lockers.
you could do that same with the snap on kra series that is 24 inches deep

Bingo!!! It would "retail" for alot more.

 

[southernfriedcj]

Why would it matter if the guy owed Matco money on the box?
As far as I know there is not a public record of tool box liens. It would be the responsibility of the seller to pay the box off would it not.

 

[krusty the clown]

Why would it matter if the guy owed Matco money on the box?
As far as I know there is not a public record of tool box liens. It would be the responsibility of the seller to pay the box off would it not.

we have discussed this many times. the toolbox belongs to the finance company (in this case matco financial) until it has been payed off. if you buy a toolbox that still has an outstanding balance owed they CAN and WILL reposses it from you even if you have a reciept showing that you have paid for it. the same as if you sell a car with a title loan.

 

[Lookin4'67Galaxieconv]

Why would it matter if the guy owed Matco money on the box?
As far as I know there is not a public record of tool box liens. It would be the responsibility of the seller to pay the box off would it not.

 

[Hiball]

I suppose i could do some searching but im lazy and this is a hot subject now, So... Is there a way to check to see if a box is free and clear, Being there isnt a title like a vehicle?

 

[krusty the clown]

I suppose i could do some searching but im lazy and this is a hot subject now, So... Is there a way to check to see if a box is free and clear, Being there isnt a title like a vehicle?

you would have to call matco financial with the serieal numbers.

 

[Hiball]

you would have to call matco financial with the serieal numbers.

IC, And is this serial number stamped on the new boxes or on that white sticker that could easily be removed? LOL

 

[southernfriedcj]

we have discussed this many times. the toolbox belongs to the finance company (in this case matco financial) until it has been payed off. if you buy a toolbox that still has an outstanding balance owed they CAN and WILL reposses it from you even if you have a reciept showing that you have paid for it. the same as if you sell a car with a title loan.

So, the seller tells Matco I have the box. Matco shows up at my house demanding "their" box. I tell Matco to pound sand.
Game over. There is no title and no public record (deed).
How would Matco get the box from me? A civil lawsuit that would cost more in attorney fees than the box?

 

[krusty the clown]

So, the seller tells Matco I have the box. Matco shows up at my house demanding "their" box. I tell Matco to pound sand.
Game over. There is no title and no public record (deed).
How would Matco get the box from me? A civil lawsuit that would cost more in attorney fees than the box?

try it and see how it works

you'll be charged with recieving stolen property. that's a criminal charge and it will be taken to criminal court not civil court.


you should really do a search on this, we have had this debate many times......

 

[southernfriedcj]

try it and see how it works

you'll be charged with recieving stolen property. that's a criminal charge and it will be taken to criminal court not civil court.


you should really do a search on this, we have had this debate many times......

I find that interesting. Has a lawyer ever chimed in on this debate?
I don't buy it.

I believe there would need to be a lien filed. At least in Georgia.
If you put 4 tires on my car and I sell the car before you are paid the tires aren't stolen property, although you can file a lien.

 

[krusty the clown]

I find that interesting. Has a lawyer ever chimed in on this debate?
I don't buy it.

I believe there would need to be a lien filed. At least in Georgia.
If you put 4 tires on my car and I sell the car before you are paid the tires aren't stolen property, although you can file a lien.

you should really read the contract before you comment on this subject.........


have you ever bought a toolbox from a tooltruck?

 

[southernfriedcj]

I searched and read a few threads on the subject. Just like this thread they are all opinion.
When I can do a public records search on a tool box title I will. Until that happens I'll treat a tool box purchase like any other common item purchase.
If I think an item is stolen I'll tell the seller to pound sand, if I think an item is legit, and a value, I'll buy it. If the toolbox manufacturer has his phone number on the sticker with the serial number I'll give them a call. If a human answers I'll check on the status of the box.

 

[southernfriedcj]

you should really read the contract before you comment on this subject.........


have you ever bought a toolbox from a tooltruck?

I have never purchased anything off a truck.
The contract is between the seller & the original purchaser. I have no doubt that you agree to use your first born as collateral when you buy a box off a truck.
That contract does not matter when it comes to state law. I am very familiar with lien law and title law in Georgia.

Come put cabinets in my house. I agree to pay you and I don't. I can sell the house 90 days later and the guy that buys the house is not receiving stolen cabinets. If he had a title search done and you didn't have a lien filed, you are SOL.

For you to have a publicly enforceable lien I would think you would need a public record of that lien.

 

[Nealcrenshaw]

If i buy a toolbox unknowingly with a lien(Seller did'nt tell me) how is Matco suppose to find me? Their problem is with seller not me.

How would it be possible for me to determine if the box has a lien.

Seller: I have a Matco box for $6k
Me: Really!

Seller: It's right here
Me: Thats nice, Here you go, 6k you say?

Seller: I load it on your truck for you.
Me: Thanks

Me: Do you have the title?
Seller: There's no title Silly!

Me: OH! you take care
Seller: you too

 

[krusty the clown]

I have never purchased anything off a truck.

then you are just making assumptions.........


i have both bought AND sold tools on a tool truck. i have read the contracts and know what they contain AND you may not be aware that a UCC form is signed along with the contracts. please do some reasearch.........your just spouting opinions without first hand knowledge.

 

[Diesel_Crawler]

Wow there are alot of people with a since of Entitlement on this thread and way to many wrong opinions.


So where is BMWPower to lock this thread?

 

[Hiball]

Krusty i know a guy who built a new house and his Cabinet/trim guy was giving him the runaround and there was numerous rumors speculatating that he owed alot of money to people. My friend had him sign some sort of "Lien Release" form when he paid him in full and basically it was to protect His cabinents from being "reposessed" after he made payment. I know he contacted a lawyer and had it drawn up, This was in Missouri. I wonder if such a thing could be done with tool boxes? And this wasnt chicken scratch either it was well over 50K.

 

[southernfriedcj]

then you are just making assumptions.........


i have both bought AND sold tools on a tool truck. i have read the contracts and know what they contain AND you may not be aware that a UCC form is signed along with the contracts. please do some reasearch.........your just spouting opinions without first hand knowledge.

I'm not "spouting" anything. I'm just having a discussion and sharing my thoughts.
I did a web search and the only thing I could find were bankruptcy proceedings (there are a lot of those).

Next time I talk to my attorney I get his opinion just to add it to the discussion.

Where are the UCC's filed into the public record? At the local courthouse or with the secretary of state for the state?