Originally Posted by
3i_gaz
Snap on come round every week and basically lend you there money to buy tools with then you pay it back each week with 0 interest at all. their tools arent jsut chromed there nickel chromed, cold broached.
if you look into it mate the difference is night and day
That's really quite touching - someone who still believes in the "something-for-nothing" fairy!
If Snap-On charged the correct price for their tools and then added an appropriate interest rate for the weekly collection of payments, they would be right up there with Provident or Shopacheck! It is a hideously expensive business model.
Instead, they inflate the price of the tools to cover their actual interest funding cost + bad debts for the scallys who can't/won't pay and tell you there is interest free credit available. Oh, and they also add enough for warranty claims.
I have no doubt at all that they make great tools. Many of my friends swear by them and will use nothing else, but don't be taken in by the marketing speak.