Matco Tools Financing Explained (NOT AS BAD AS YOU THINK) Buy That Box Or Tools You Want!

Рет қаралды 19,820

Жыл бұрын

#tools #matcotools #tooltruck
This week we discuss Matco Tools financing and how it works on the bundle deals that are $20 per week or on a toolbox or larger purchase of tools. We also discuss how it works on a tool truck account and how you can get the tools you want or need easier!
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Email: koontrucking101@gmail.com
Koon Trucking
200 Davidson Dr.
Booneville MS 38829
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Пікірлер: 85

@oscarrodriguez263 Жыл бұрын

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

@bigdaddy3927 Жыл бұрын

Mrs. Matco is adorable. They both seem like really nice people

@KoonTrucking Жыл бұрын

They are great people. We are blessed to have them as dealers

@bradburkhalter4082 Жыл бұрын

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.

@TrackstarBR Жыл бұрын

This is a good informative video on matco account working.

@murrayclements9364 Жыл бұрын

Great video ! No BS or clickbait just useful information. Thank you

@georgeferlazzo7936 Жыл бұрын

Hello again. Clay and Mrs. Matco Thank you for another Great Video 👍 Great advice as always 👍

@brandonbenore9421 Жыл бұрын

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!

@lenny2137 Жыл бұрын

Wish we had Matco here in Ireland and great dealers like you have Clay

@NickJones31600 Жыл бұрын

I got that bumpboxx from my Matco dealer a few weeks back and I love it. Definitely makes it easier to hang in the garage😂

@ronbowman4145 Жыл бұрын

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.

@KoonTrucking Жыл бұрын

Paying a little extra really helps. Even $5-$10 more adds up

@tincans0 Жыл бұрын

That was an informative video

@gtcam723 Ай бұрын

I’m starting to consider a box for my home shop.

@MrRCLover101 Жыл бұрын

Happy to see my Matco guy had some purple ratchets on the truck today.

@ZetaN7 Жыл бұрын

Finally opened up a Matco financing account. Got approved for $20k at 9%. Of course running on the $15 a week payments lol.

@hectormendez1850 Жыл бұрын

The matco Queen!

@jefferysmith5280 Жыл бұрын

Thanks clay

@matolittleelkwells5377 6 ай бұрын

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

@gregblau8082 Жыл бұрын

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

@KoonTrucking Жыл бұрын

That is awesome!

@ecleveland1 Жыл бұрын

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.

@bradburkhalter4082 Жыл бұрын

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.

@KoonTrucking Жыл бұрын

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.

@jasonsanchez3441 4 ай бұрын

Wait, why does any tech only have one pocket light. I think I have 20 different lights!😂😂😂

@eastcoastken Жыл бұрын

Just got my 2S box today 👍💪💪💪

@davidwalle5025 Жыл бұрын

Good explaijatipn of financing and truck credit

@mikevike8200 Жыл бұрын

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.

@rickyringel1562 Жыл бұрын

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🙏

@coffeedrinker9983 3 ай бұрын

I say it all depends on the who is your tool truck dealer

@christopherrodriguez9514 Жыл бұрын

Woo hoo, matco fridays! Hope your doing good Clay, whats the head count at the shop nowadays? Just you running the show?

@KoonTrucking Жыл бұрын

Just me and can’t get much work out of me!

@craigjorgensen4637 3 ай бұрын

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.😊

@rodhagen9393 Жыл бұрын

All of my tool trucks here will replace off of the truck if they have it in stock, Does not matter what it is.

@Toolaholic7 Жыл бұрын

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

@tommyellis7728 Жыл бұрын

If you have a somewhat decent dealer, he won't repo for one missed payment.

@Toolaholic7 Жыл бұрын

@@tommyellis7728 Problem is if the customer is a deadbeat

@og_scuba_fishingsteveo7998 Жыл бұрын

I have had snap on credit for years paid off and gotten more the trick is to pay ahead

@SpaceCoastRG Жыл бұрын

My tool truck guy from when I was in college always said truck warranty is good if you are making your payment. If not it has to be sent in. Lol

@johnnyramirez9082 Жыл бұрын

I give Matco $200 bi-weekly there credit is much better than Snap on credit.

@UliMuliko 5 ай бұрын

Really nice people and lady is pretty!

@GabrielRuiz702 11 ай бұрын

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

@mikebolt9753 Жыл бұрын

cool

@steelwitness 8 ай бұрын

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

@rickybyrd660 5 ай бұрын

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$ 😢

@JimmyMakingitwork Жыл бұрын

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.

@jimmywarledo4930 Жыл бұрын

Gotta pay more for the blue, I'll keep my 82 inch husky with hutch and side locker an my Jamestown cart

@KoonTrucking Жыл бұрын

Same price 🤷🏼‍♂️

@jimmywarledo4930 Жыл бұрын

1100 for the husky

@randygerhard8858 Жыл бұрын

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.

@KoonTrucking Жыл бұрын

I didn’t trade my snap on box in. I sold it.

@eastcoastken Жыл бұрын

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

@johnnyramirez9082 Жыл бұрын

Hand them to your dealer at the shop and he can send them in or should swap you out for one

@bradcolesworthy1704 7 ай бұрын

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

@KoonTrucking 7 ай бұрын

It’s about $30k

@misfitgarageutah Жыл бұрын

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!!

@KoonTrucking Жыл бұрын

If they aren’t a good dealer they won’t last long. This business will chew em up and spit em out

@MKE_Mike Жыл бұрын

I was on pins and needles waiting to see if the Bumpboxx came in. I obviously have no life.😅

@KoonTrucking Жыл бұрын

I’m glad to see it

@manuelbou2576 Жыл бұрын

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 👏💯

@paulmendenhall5226 Жыл бұрын

How do you like that speaker i was thinking about buying one just didn't no if i would like it i was disappointing with the Snap-on

@KoonTrucking Жыл бұрын

Just got it, i will let you know soon

@jimhaines8370 Жыл бұрын

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

@KoonTrucking Жыл бұрын

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

@johnnyramirez9082 Жыл бұрын

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

@classicminicooper 8 ай бұрын

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.

@nickayivor8432 Жыл бұрын

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

@plagu3421 Жыл бұрын

Too bad my matco guy retired 7 years ago and nobody picked up his route.

@djwambach6192 Жыл бұрын

It is an open opertunity for you!

@taylorbudculley9976 Жыл бұрын

How can I find a Marco dealer I live in Augusta Georgia all I’ve seen is snap on and he only comes in the morning times I work nights but I love Matco

@KoonTrucking Жыл бұрын

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

@Huffy_Turns_a_Wrench Жыл бұрын

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?

@isidorosalazar6718 Жыл бұрын

OK! OK! Nice video and for what you showed MATCO credit is better than Strap-on's. But how much was that soundbar? Is it loud????

@KoonTrucking Жыл бұрын

It’s pretty good for it’s size. I do wished it had more bass. They run about $150

@gdot5438 10 ай бұрын

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

@KoonTrucking 10 ай бұрын

It’s reported to your credit

@gdot5438 10 ай бұрын

@@KoonTrucking ok thanks

@JulianJohnston919 Жыл бұрын

Was that your BumpBox?

@KoonTrucking Жыл бұрын

Yep

@JulianJohnston919 Жыл бұрын

@@KoonTrucking Oh nice, I know you been waiting for that, glad you finally got it pal.

@BillyBob-op6lg Жыл бұрын

It would take you over 20 years to pay that bundle off at the minimum payment lol

@KoonTrucking Жыл бұрын

160 payments is what she said

@blainedamron8533 Жыл бұрын

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.

@KoonTrucking Жыл бұрын

Credit is credit it comes with interest. I just couldn’t pay $32k for a toolbox without financing.