Matco Tool Truck Finance Explained For Toolbox Sales. Let's Talk Weekly Payments.

[@matthewslauenwhite7277]

I recently got the deal of a lifetime. 40 year heavy truck mechanic sold me everything snap on boxes, welders, tools, probably 300k invested and he sold it to me for half the cost of the bottom box alone without the top box or side lockers. He made the same offer to 2 other guys and they didn't have the cash on hand so when he asked me I had to dig the cash out of my boot and close the deal

[@Crazy4nitro]

I didn’t get quite that deal. My first job and lead sup went to management and offered me the keys to his box. All craftsman set up for aviation. Nothing special but for less than the price of the box new I had most all I have needed. Over the years bought more and my entire carry box (line box) is Snap-on. Little bit at a time and ALWAYS keep a little cash on tap. 👍🏽

[@paulmendenhall5226]

My dealer was nice enough to finance a box for me on a truck account and told me to pay what I could afford i could have paid him 20 dollars a week and got buy but i had the extra money so i payed as much as I could afford some weeks over 100dollars and before I new it the box was paid for over the years I have seen a lot of people not pay their tool truck and the people that do this make it harder for the dealer to be able to help the people that need it so guys pay your dealer and if you can afford it pay extra you will be helping yourself out and your coworkers

[@georgeferlazzo7936]

Hello again Clay and Mr&Mrs Michael's Thank you for another Great Video 👍 That was a great conversation about credit and how it works. Again thank you 😊

[@blainedamron8533]

I suggest buying a used tool box cash, the hustle is they quote a weekly payment and the customer gets a false sense of affordability

[@screamingflat6]

The new snapon 9050 impact wrench is a beast, truly a Milwaukee killer

[@larryborkstrom3580]

A lot of financial questions answered thanks for helping

[@pelotas56]

that harmonic balancer puller is indeed a great tool. used it on many 3.5 fords when doing the water pumps. made pulling that balancer painless

[@screamingflat6]

Matco trucks in my area sucks.. no inventory and dirty inside, I love the snapon one better..

[@mramseyISU]

Seems to me that if you could getting a HELOC is probably a better deal for a big purchase like a box but for the smaller stuff a truck account is pretty handy.

[@nickayivor8432]

Thank you God that is Friday Matco tools PRODIGY Koon Trucking Hi Matco Sharing it thank you very much for sharing what you know 👍 Take care and have a great Evening with all your family around you .God bless you PRODIGY Koon Trucking From Nick Ayivor from London England UK 🇬🇧

[@dylanfeeney4910]

My first Matco box was 20% apr it was set at a two year loan and I paid it off in 6 months. Then when I went to get my second box my apr was 8.9%.

[@ivanmoreno3918]

Bahaha.Clown paying for sheet he can't afford. You must be one of the peeps taking out 84 month auto loan

[@jenniferfreeman1752]

Great video .ya'll have a great weekend

[@chryslertechnician3439]

That ratcheting puller is cool!!

[@Crazy4nitro]

I had a standard roll around craftsman for 20yrs. I focused on tools. THEN when I needed another box I bought what I wanted. Tools make the money. Not the box.

[@davidwalle5025]

mama koon and mama matco should do a video on finance. They both know a .lot from differen of sides of the fence greaT VIDEO

[@ronanderson1816]

Thank you and well done !

[@U_ever]

Good work Clay. Have you discussed the sale of MATCO from Fortive to Vontier or the lawsuit settlement reached On April 28th, 2022, where Matco Tools agreed to pay more than $15 million to resolve allegations that it misclassified employees as contractors in order to avoid paying its workers, and how those two recent events have affected MATCO Michael and his fellow franchise brethren ? Just curious.

[@KoonTrucking]

Never heard of that

[@kardar2330]

Yep I was watching another Mactco touTube and he was saying that Matco is dying they ain’t making any of their own tools anymore and the Matco stock is in the dumps.

[@mdtransmissionspecialties]

@@kardar2330 you do realize the only tool Matco makes and has always been this way is their toolboxes right?

[@huasohvac]

That lawsuit was in California as it was a result of AB5

[@rockstarfan886]

Lots of companies went through similar lawsuits uber and lyft to name a few

[@rschreck876]

I know this is an old video but my Matco guy just let me put a JSC773 on the truck. Granted I’ve bought a lot of stuff from him and have never carried a huge balance with him. No credit for me.

[@wendycharles4777]

Friday new tool review with Matco Michaels

[@screamingflat6]

I went to a matco truck just to see what boxes they have and buy some random hand tools , and I ask about trade in my snapon 32” 6 drawers boxes, the Matco dealer saying 500$ for the trade in…. Shady dealer, I ended up not buying anything from that truck. We need some honest and good dealers..

[@gabezz7120]

babe wake up, koon posted!

[@bradburkhalter4082]

You are also able to use that interest charge on your tax returns, along with writing off the tools you purchase as well.

[@MrSpartanicus]

It’s incredibly important to check your credit often and avoid overwhelming yourself.

[@oscarrodriguez263]

Just heard matco will stop selling their cordless stuff and going with Milwaukee now

[@KoonTrucking]

Smart choice

[@thebaconwhisperer14]

You can either buy the tools or buy the house... You can't do both! -Matco :D

[@TheNachris720]

lime green is on point

[@davefeil1522]

I'm a big advocate for getting low payments and paying a lot at once. I *can* get a car that costs 3 times as much, and those payments be 3 times as much as they are now and pay them off fine, but it doesn't give me a grace of "Oh well I need to fall back onto a lower payment because X, Y, or Z". I think getting the 1/3rd of what I can pay off as a minimum, but paying 3 times as much (IE, 100 a month payment, but I pay 300 instead) is a lot safer, and makes me more comfortable because I can fall back on a lower payment if need be

[@bigairtrix2]

Still wish it was snapon Friday.

[@GabrielRuiz702]

I couldn’t get approved for a Matco Credit account, I’ve been just staying with a truck account and paying $100 since I have set pay dates… hoping to get approved soon so I can get a 4s someday

[@dakotawilliams9514]

What is a truck account?

[@GabrielRuiz702]

@@dakotawilliams9514 it’s an account and deal that you have with the owner of that truck and route. They allow a certain amount that you can take but it has to be paid off within a certain timeframe

[@jamesk3565]

My independent dealer that sells the extreme tool box I would love to have says for boxes he needs full payment because he's been screwed over with guys that leave the dealership and never hear from them again. It sucks that it came to that.

[@sshaw7912]

Who is your dealer? I am looking for one in Texas. Specifically DFW

[@jamesk3565]

@@sshaw7912 sorry. I'm from NJ might be too far for you

[@calebsjunkremovalservice7593]

Iv been waiting on 3 ratchets since July

[@KoonTrucking]

Oh man that’s nuts. To my knowledge they have ratchets available

[@AntMan.2324]

I had this for a year 👀 cornwell had then as well , another rebranded tool 🙃

[@sshaw7912]

If you buy tools pay your bill, if not you take a chance of putting that dealer out of business or worse another dealer will come in and take over and can get a lot worse for everyone. So don't be a fool pay for your tools.

[@Dakotastevens]

looks like its a little nippy in Matco Michaels truck

[@alexhanson6299]

Lmfaooooo

[@dakotawilliams9514]

Can you get approved with semi low credit?

[@KoonTrucking]

I’m sure

[@kennethsouthard6042]

At semi high rates

[@theracerdude]

Dave Ramsey my friends

[@ethanvickers1236]

I’m late to the video. Lost my matco man last year when I changed jobs. What’s this guys contact info? I’d like to order a couple of things here soon.

[@806hurricane]

Can anybody by matco tools? Do you have to be a professional mechanic? I work on my truck at home and want a good set of tools.

[@KoonTrucking]

That’s correct. If you can find a truck stop and ask him if you can buy something

[@rockstarfan886]

I buy right from the matco website I tried going to trucks in my city and all the dealers were assholes even when I was going to pay for something in full. There loss

[@huasohvac]

@@KoonTrucking that's literally what I do. I know one snapon guys route because on Wednesdays he's littleraly in one spot all day. And the Mac guys last stop on Wednesdays is right next to my house. They have all been nice and I've always had good conversations with them. Yea the tools cost more but I like to support a local guy as opposed to home depot.

[@806hurricane]

@@KoonTrucking will they finance for the home mechanic?

[@rockstarfan886]

@@806hurricane from what I've been told its a big no because you can up and leave easier if you owe money as opposed to a shop where they sort of keep track of you and can get some employers to hold you check hostage if you bail on that job

[@robk9827]

What ever happened to the snap on guy? Always loved watching him.

[@lpmorify]

he switched careers

[@KoonTrucking]

kzbin.info/www/bejne/pIm2iWCVmbiKrLc there’s the video explaining it

[@robk9827]

@@KoonTrucking Thank u sir for the video. I missed it. Great clarification.

[@screamingflat6]

He ran out of the business..

[@robk9827]

@@screamingflat6 That what happens with snap on dealers.

[@tonylambert7345]

yeah where is hamilton ?

[@KoonTrucking]

This explains kzbin.info/www/bejne/pIm2iWCVmbiKrLc

[@robromero5757]

Weres Hamilton

[@KoonTrucking]

Watch this kzbin.info/www/bejne/pIm2iWCVmbiKrLc

[@chryslertechnician3439]

🙏🙏🔥🔥🔥🔥🔥🔥🔥💯💯💯💯

[@joshvanderwal9190]

Hi

[@davidrobey4202]

Dosent he mean a 4 letter word, not a 3 letter word

[@jtplumbing6592]

How the heck is someone with a 60k box only paying 100 per week payment? I Don't mean clay, but every video I've seen that's what mechanics say. Answers are always the same. Always depends on the dealer and the deal you can work out with them. Either every mechanic of all time is lying about their weekly payments or truck dealers can make special payment plans for buyers. It's one of the other, no in-between.

[@KoonTrucking]

First off it isn’t $60k for the box more like $30k but you also have to remember I had a snap on box that was paid for that I sold to get this box when I ordered it. My weekly payment was only $58 a week on the contract. I just chose to pay a lot more weekly (many times $150 a week, or more) to get it paid off so I wouldn’t be eaten alive by interest.

[@randallsloan5295]

1st

[@guyconnell2250]

We are reaping what we sowed for the last thirty years with "globalization" and "outsourcing" and being willing to pay far lower prices for all kinds of things, including tools. Now, given the current political climate and the unstable global situation, we are stuck with not making shit in our own country and being at the mercy of "supply chain issues". Who knew????

[@popeofwrenching4357]

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