Get started by estimating how much you need.
A Loan For Your Tool Box
To some, it might seem strange to get a loan for a tool box, but these are probably people who do not realize how expensive these things can be. A professional tool chest can cost thousands of dollars and is a necessity for the professional mechanic. A good tool box can make your day exponentially easier which is why online tool financing is so helpful.
Unfortunately, not everyone has thousands of dollars laying around which is where tool box financing comes in.
How does financing work?
We make it very simple to get an offer for financing, even with bad credit. We can do this because we are not lenders. Instead, we get you access to a larger group of online lenders. More lenders means a better chance of getting an approved offer from one of them.
To get your offer, you simply need to fill in the form at the top of the page. Enter in how much you expect to need and then some basic information about yourself. If approved for a loan, one lender will then make you an offer. Should you decide to accept that offer, your lender will send money directly to your account. You can then shop for your tool box at any dealer that you wish.
Why choose online financing?
There are a number of benefits to online financing. The biggest one is the fact that it may be easier to get an approval. Since there are more lenders, there are varying levels of requirements. Many of the lenders are also used to working with poor credit. You can not say the same about store credit. If approved, you will only get one offer, but more lenders means that there are more chances of getting a yes.
Another benefit to online financing is that your lender will give you the money for your tool chest directly. They will send cash to your checking account which will allow you to become a cash buyer. That will let you shop for your tool box at any store or dealer. Get the exact model that you want and price shop for the best deal.
How will you buy your tool box?
Upon accepting a loan, your lender will get you the money as soon as possible. They will deposit the money directly into your bank account and you will be able to use it immediately.
You can then shop for your box just like any other cash buyer. This means that you can shop at any store and even online. It also means that you can use any excess money as you please. Want to get a generator? Do so. The money is yours to use as you like.
Deciding On Tool Chest Financing
Once you have your loan, you have a big decision to take. Should you accept the loan?
Just because you get a quote does not mean that you are obligated in any way. You should read all of the details of your loan and then decide. Here are some things to think about.
Is the tool box financing affordable?
Hopefully you have a budget. If not, you should write one up. Make sure that you list all of your expenses including money for things like food, gas and entertainment.
Once you have your budget, insert the potential loan payment and see how things look. If things are tight, you need to either turn down the loan or find a way to clear room in the budget. You can do that by cutting other expenses or by adding some additional income.
Is the financing offer too costly?
Even if you can afford the payment, a loan could be too costly. This might especially be true if you have less than perfect or even bad credit.
But what makes a loan too expensive? The answer will be different for everyone. If you need your tool box for a killer home garage, you do not need one as much as a professional mechanic would. That means that if you are a pro mechanic, you might be willing to accept a higher cost.
To make your decision, look at the amount that you will be borrowing and compare it to how much you will end up paying back. Is this cost worth it to you?
Do you have another way to get your tool chest?
Financing is an easy option, but you might have other choices. Other possible solutions might be borrowing a chest or even looking for a drastically discounted used one.
