(Well, 40% of them in the Northeast.) If Snappy can't pay his bill, he is put on HOLD and cannot buy tools until he is off hold.īy the way, Snap-On Tools DOES NOT sell tools to mechanics. With the economy so bad, the Snap-On man cannot pay his tool bill. I want to help the mechanic or shop that may not know what is happening or could happen. I know 300 dealers and had an inside track on their problems. Snap-On tools are top-notch, that's a fact. How do you know this stuff is actually happening? If it happened to you, it could have been a fluke in their system and you just got to be the lucky person who had a bad dealer. Are the amounts the same? If not, ask your dealer to explain and watch out for double-talk! Ask your dealer what the payoff on your account is, then call the Snap-On Credit office for the same information. Every time you make a payment, he will deduct your payment from the balance 'with interest'.īut suppose you DOUBLE UP your weekly payments to pay the box off early? Does the dealer 'account' for the interest you should be saving? See for yourself. Snappy will put $12,000 into the computer. If you borrowed $8,000 for that Mustang, the interest over 3 years would be another $4,000. That means he starts off your balance with the loan amount AND THE INTEREST. Because of the way the system works, your dealer FRONT LOADS your account into his computer. Snappy may be ripping you off.ĭoes he give you a receipt every time you make a payment? Make sure he does. This is a VERY HIGH interest loan to you (as high as 20%)!

Do you have an account with your Snap-On Dealer? Do you own a terrific toolbox? BEAUTIFUL! If you bought a toolbox from Snappy, you probably have TWO accounts with him you have an RA (Revolving Account) this is where the dealer does the majority of his business, and an EC (Extended Credit), this is a 'financed account' with SNAP-ON CREDIT.

Does snap on or mac sell fluke meters