Snap On would be out of business in a month if they didn't finance tools to people with bad credit.
I saw a stat one time that said 90% of snap on sales are financed by individual techs.
It is pretty tuff to pay $800 bucks for a set of wrenches when the same craftsman set can be purchased for $100. High interest loans and a lack of financial sense is a wonderful thing. At least for lenders anyway.
When I worked at a car dealership the techs usually had about a $300 tool bill (trade term for payment on tool loans) every single month.
The snap on guy played them like a fiddle.
The idiots were tickled pink to get a "free" die cast car when they bought a $10,000 tool box.
I saw a stat one time that said 90% of snap on sales are financed by individual techs.
It is pretty tuff to pay $800 bucks for a set of wrenches when the same craftsman set can be purchased for $100. High interest loans and a lack of financial sense is a wonderful thing. At least for lenders anyway.
When I worked at a car dealership the techs usually had about a $300 tool bill (trade term for payment on tool loans) every single month.
The snap on guy played them like a fiddle.
The idiots were tickled pink to get a "free" die cast car when they bought a $10,000 tool box.