Are Snap On Long Reach Pliers Worth 3x the Price of Milwaukee? 

Perfectly summed up!

Haven’t had a chance to checkout the knipex ones, but all the Knipex I have, I like. Will consider them in the future

I have a set and they might be the best. I have the Milwaukee and really old snap on ones too

IPS seems to be a common theme in response. Will have to check them out!

@@HeyDerFolks you will not be disappointed. Especially by the price. They work great though and you will reach for them over something more fancy a lot

I knew someone was going to catch that 😅 Agreed, Scott, Snap On is the top dog

Need my dealer to put more stuff on promo!

@@HeyDerFolks dealer dropped off the Jun sale flyer pg 9 has needle nose pliers on sale it's only 10%off they should start having pliers sets on promo soon good luck

Those are on my wish list, hope to grab them someday

COO?

@@HeyDerFolks country of origin

Ha, fair point 🤣

For sure! I have a handful of Craftsman made in USA tools that my grandfather gave me, and they’re amazing. Wish they were still around in the same capacity.

@@HeyDerFolks you can find them at garage sales.

Very true!

Ugh your right, I should track my obesity expense better

​@brandonm6052 Me too. Then I could afford more tools.

@JohnC686 my problem is I want colored foam and colored handles...that's really why I want snap on.

He’ll yeah!

I generally agree. Their packout and power tool lines are my primary interest

No disagreement here 😅

Comments like these are funny to me. The Snap On truck driver is the "last mile delivery" person for the Snap On tools. They do not set the prices, and they take home a margin of say 5-20% on each tool sale. That is, of course, gross margin. They still have to deal with the operating expenses associated with owning and operating the truck, plus the fees associated with facilitating the transaction. Not to mention the loss associated with folks not paying their bills, and who knows if they'll be able to repo the tools. I do not buy on truck credit, though I suppose that is an additional revenue stream for the dealer. The last time I looked at the Snap On annual report (they're a public company, after all), Snap On had a ~50% gross margin which means it costs them ~$10 to make a ~$20 screwdriver. That $10 represents the raw materials + direct & indirect labor associated with creating the item. It does not include all of the R&D and other operational expenses needed for Snap On to create new tools (that Harbor Freight can later make exact replicas of). The overwhelming majority of those costs are the function of paying US employees a living wage. Certainly, you could go the HF route and pay offshore folks a fraction of that, and use cheaper materials, to make something that looks and feels very similar. To each their own. I can't speak to it precisely (I do not own a truck), but it is generally reported online that the median for net profit in owning a truck is between $75k and $150k depending, again, on the net margin. A great living, to be sure, but not home in the mountains for the winter and lake house in the summer money.

@HeyDerFolks it was more of a tongue in cheek comment....

All good, as you can imagine I get a lot of “you’re paying for the dealers children to go to college” comments and don’t respond, not sure why I opted to respond this one specifically. I’ve been meaning to make a video on this topic for a while anyway, I think breaking down the supply chain would be interesting (or bore people to death, I guess we’ll see 🤣)

@HeyDerFolks I should have mentioned also, that I enjoy your videos and appreciate the time you put into your content.

Thank you for the kind words. More Snap On videos coming soon 😃