Originally Posted By: bchannell
Originally Posted By: billt460
Another racket that Snap-On is into heavily, is selling with high interest rate, long term financing to young auto mechanic apprentices who work at dealerships and large auto repair centers. When you take into account the already ridiculous prices they charge, then add on the high interest rate, long term financing they nail these kids with through payroll deductions, they're right up there with drug dealers, only legal.
When I bought my new Toyota last month, the salesman wanted to show me their, "state of the art" service center. The place was huge and spotless. And in every bay there was a giant red Snap-On roller cabinet. I can't even begin to imagine what Snap-On is pulling in a month on all of that stuff.
This is just one of the better reasons I don't buy SO. My SIL worked in auto body for many, many years, and he was taken in by the SO credit system to the tune of thousands of dollars. Now, I freely admit, it was his own fault, but he was a young impressionable tech, convinced by all the advertising and hype that he had to have the BEST, and that the price was worth it. Well years go by and he FINALLY got out of hock to the SO pimp, and he now has a more reasonable outlook to tools, and even tries to help young techs starting out, by helping them understand the advertising hype. I just don't care to do business with a company that preys so much on the weak. It was like if you can't buy a $200 Craftsman tool, then SO would be glad to finance a similar tool for $1200, what a croc.
SO salesmen don't like Matco trucks... competition isn't good for them
Originally Posted By: billt460
Another racket that Snap-On is into heavily, is selling with high interest rate, long term financing to young auto mechanic apprentices who work at dealerships and large auto repair centers. When you take into account the already ridiculous prices they charge, then add on the high interest rate, long term financing they nail these kids with through payroll deductions, they're right up there with drug dealers, only legal.
When I bought my new Toyota last month, the salesman wanted to show me their, "state of the art" service center. The place was huge and spotless. And in every bay there was a giant red Snap-On roller cabinet. I can't even begin to imagine what Snap-On is pulling in a month on all of that stuff.
This is just one of the better reasons I don't buy SO. My SIL worked in auto body for many, many years, and he was taken in by the SO credit system to the tune of thousands of dollars. Now, I freely admit, it was his own fault, but he was a young impressionable tech, convinced by all the advertising and hype that he had to have the BEST, and that the price was worth it. Well years go by and he FINALLY got out of hock to the SO pimp, and he now has a more reasonable outlook to tools, and even tries to help young techs starting out, by helping them understand the advertising hype. I just don't care to do business with a company that preys so much on the weak. It was like if you can't buy a $200 Craftsman tool, then SO would be glad to finance a similar tool for $1200, what a croc.
SO salesmen don't like Matco trucks... competition isn't good for them