tool loan

[gofastman]

I'm about to take out a loan for tools, does anyone have any experience with this?
I'm sure as hell not going through Snap On with a ~20% apr.
Is this something I could get a secured loan on?
whats a good intrest rate to look for on something like this?

[JET]

I doubt they will do a secured loan on something without a title. They can't prevent you from selling it. You would likely be looking at an unsecured loan, which if you are young might be rough. Can you take out student loans?

[blageo23]

Dont go to Wells Fargo, those sons of bitches!

[Thor06]

Or get some less expensive tools? Some of you guys wrenching all day long may have a different opinion, but I would get Craftsman if I were you. I've been using mine for nearly five years and every time I've broken something (a3-4 converters and one 1/4 socket wrench) they've replaced it no questions asked. I've used Snap On, Mac, and Craftsman tools and Mac was by far my least favorite, but honestly I dont give two shits either way Snap On or Craftsman, except that the Craftsmans have the same warranty and cost a fraction of the price.

[JET]

MAC is owned by Stanley. I actually like stanley tools, I have beat the crap out of them and they refuse to break. I finally cracked a regular 1/2" socket after using it a ton on the impact gun. Husky is another good option.

[Goat Blower]

I like Craftsman myself. After years of hearing my co-workers talk about how you have to use Snap-On in case something breaks back when I was a grease monkey, I paid half of what they paid and rarely have ever had to have a tool replaced under warranty. For full time mechanics, as long as you have friends there, borrowing a tool for a few minutes isn't any big deal, then you go swap your broken tool after work or at lunch. Their credit card is a bit better deal than Snap On as well, just don't miss a payment.

[blageo23]

I got pissed at school when using the closed end of a snap on wrech it broke and I ended up punching myself in the face because of it. Fuckin snap on! BUT my teacher did a cool test...
Had a plastic nut about 1" long and used a craftsman wrench on one side and a snap on on the other side(closed end of the wrenches), the craftsman stripped the nut before the snap on did. Then he did the same thing with a snap on and a mac and the mac stripped the nut.
Just a neet little test that showed that there is kind of a difference. When I was in school I used everything from snap on, mac, matco, SK, craftsman. I personally have craftsman and like them. But any of them are ok(except SK they suck)

[Pushit2.0]

Search? I know we have talked about tools befor.

~John

[NWburbDSM]

snap on=craftsman. they are the same company, craftsman owns snap on. thats why the craftsman wrench's are a different design now and are getting better. i personaly like matco, but i use everyones stuff

[gofastman]

Originally Posted by Pushit2.0

Search? I know we have talked about tools befor.

~John

I'm asking about tool loans

[runninW.O.T.]

There is no way you will be able to get a secured loan for them.

If you are lucky you might get a 0 interest/payment option for a while but don't plan on it and it still compounds eventhough you aren't making payments!

I would try like a local credit union or bank or something!

[JET]

So, how fast does 0% interest compound?

[Black97civic]

Originally Posted by JET

So, how fast does 0% interest compound?

It's always compounding continuously except for when it doesn't compound, which is always, or in this case never...

Know what I mean?

[1QUICK4]

Just buy them on a truck account if you can afford the payments.

Truck account = no interest

[Pushit2.0]

The problem with a truck account is the limit, which will vary on the Snap-on guy and what not.

~John

[NWburbDSM]

you can get a personal loan from the bank. thats what i did when i was in school. it was like 9% interest