I got my Revel X with two lockers and Hutch trough my Matco Truck Account, my payments were never below $300 but most weeks were around $500 and some weeks I would pay up to $1500 and paid everything off in under 6 months, my matco guy is one of the best ones out there to trust me with a purchase that big
My Matco corporate account is right around 8,000 but a large part of that is my Naximus 4.0 (bought partially based on what I saw here) and right now I'm about $400 ahead on my payments. Being consistent and paying a little early makes a big difference. Love your channel. I think I'd enjoy working with/for you.
Awesome video! Lots of great info! I so wish I had a Matco dealer. I don’t work at a shop but have a snappy dealer I made friends with years ago and visit regularly!
Great video. I picked up a rat fink cart Wednesday. I told my guy I needed a couple weeks because I didn't want to dip into my savings. He offered me truck credit. I'm gonna do 500 a check and get it done during the busy season
That's one thing I like about matco and their financing. I like being a head so if something does happen I'm allowed to miss a week and it won't affect me, like if I'm on vacation or if my rep can't come out for some reason. Was just talking about this with one of our younger body techs who's going to be needing a bigger box in the next 6 months.
It's now her show Michael is a lucky man that his wife is such an accomplished woman who can run the business in his absence also the information she gave us was really good and explained how truck accounts work for those who didn't know
What a lot of people don't seem to ever understand about a small business honoring a product warranty from some distributor or manufacturer they purchase from to sell to their customers through their small retail business is that a small business does not get reimbursed immediately when a customer brings back a product under warranty. The small business has to return the product and once the manufacturer has proof of that product or the actual product for repair or replacement under the warranty agreement then the remitment of either a replacement product, the repaired product, or credit on the small business account is sent to be processed. If it is a credit this can take up to 90 days in some cases for the small business to be reimbursed on their account. If the manufacturer has to send a replacement product that too can take a while if that product is not in stock. In the meantime, the small business is carrying the cost of the product if they gave a replacement out of their own inventory to the customer. This is what Matco Michael and his wife do as part of good customer service.
The dealer, small business owner also has to pay the freight charges to ship the warranty items back, and they are not reimbursed those freight charges. It goes as a credit to your tool account. So in essence, the dealer actually loses some money on warranty returns.
Unless they buy tools from Mobile Tool Network. They pay the freight to send the warranties back. In fact a few clicks on the computer and you can print the return slip postage paid in a few minutes.
Have to read the fine print good as well and most people do not do it.With Snap On,the payments on the toolbox go up a little bit more if the person buys tools if they owe money on it.If a payment is missed,the toolbox and the tools that money is owed on get repoed
As a dealer becomes more solvent, they can do finance on the truck themselves as well as running a truck account as well. Knowledge of your customers and keeping a list of their needs is a big key in running your business. This is from 22 years of experience owning a tool business.
The goal is always to pay more and pay it off:) By the way of being careful with your new bump on speaker because the buttons on the top push down too hard and go inside the radio so be careful🙏
I have a PSA account, my max is 3K and my dealer saw I had on time payments and I always paid more when I had a truck account, he always took care of me to make sure I had what I exactly needed
My Matco dealer has not ever offered me 1 single special, deal, bundle, giveaway, or sale of any kind!!! It is so disappointing! So I just never buy anything, I'm guessing he will stop coming before too long!!
The responsibility of collecting everything falls on the dealer. Slow paying and deadbeat customer are deadly! A smart dealer knows when to pass on a sale.😊
You have to be careful with interest on the big tool truck brands on top of the tool prices which are expensive to begin with. Many are charging 18-20% interest compounded as a credit card is, not simple interest. Be careful and realize that they will bargain with you to make a sale.
The fact they put the inside 🇺🇲 flag displayed vertical correctly (blue on the left) and for those who may see it thru the windshield from the outside have another flag 🇺🇸displayed correctly for outside view is attention to detail that impressed me. Good Job y'all 👏💯
I bought my Matco wrenches on the student program. Can you ask her next week how you go about warranting those and if it's a different process? Thank you
The matco truck near me is nit worth buying from. The tools are always more expensive than the other trucks and the chick running it never has any wiggle room on price. They complain that none of us buy from them but they never have anything worth the money
The Matco guy I been dealing with is pretty decent but the tools are so high, I mostly have snap on. I bought a neck lamp on snap on for 100$ on the matco 145$ 😢
Do you mind ne askin what that beautiful white box of yours cost? If not i understand, if you will tell can i get it for what you paid or did you get a special price. Love your channel, appreciate your honesty
Bought my boxes from a repo , MAC , bought my cart scratch and dent MATCO , owe snap on 0$ owe MAC 613.$ owe matco 238.$Ill never finance a box. Fhats a whole car payment, or better yet college payments for my son.
Not to be mean but those corporate account interest rates are a killer because they can and they know most younger buyers just are not knowledgeable enough in my opinion and this has nothing to do with truck accounts or Mike and wife who are super people
It’s a good option to get the tools you need. Honestly if it weren’t for tool truck and financing i couldn’t have the tools i have. Thankfully i don’t owe but about $1k
The interest is high when your young and don’t have credit. It gets better as you pay off your purchases. Interests rates go down as your credit goes up. Credit worthiness
You can contact Matco and see if they will give you the dealers name. If not go by shops that are local and ask them if they have a dealer and get his number
I may be wrong, but it seems like I see michael's wife more that Matco Michael..... does he have 2 trucks and they each run one? That would be cool for them..... Also.... I haven't seen Bill any longer.... does he still work for you? Are you a one man shop? or do you have people working for you.... if so why are they not on your videos? Keep up the great content. Cant wait for you to get a new Snap-On Dealer. Do you still have lunch with Hamilton?
If u don’t mind could u tell us what your box was bought for and how the trade in of your snap on worked. Also when do u figure u will have your box paid off. Thanks very helpful info.
Did overtime last night, Koon Trucking 👋 MATCO TOOLS Thank you 👍 CANNY Koon Trucking Enjoy your weekend with all your family around you Koon Trucking Happy Wrenching this morning timing belt on fords vehicle God bless you and all your family around you Koon Trucking From Nick Ayivor from London England 🇬🇧 ⏰️ 066:29am the 🌞 is out
okay if i pay does it go towards my credit that’s the difference what the point of getting something through finance if it doesn’t help my credit score
You never really talked about the interest rate other if you pay more on the minimum payment that will lower the interest what does Matco finance toolboxes for if you have a 700 credit let’s say I mean is it still 15% interest? I don’t know when you multiply the payment times four gives your artificially small payment so I don’t think that’s a good indication, how did you need a toolbox? Nothing wrong with buying a metal one I have one myself I bought mine used cause I’m cheap but otherwise it was a pretty good presentation.
