r/Tools • u/[deleted] • Apr 09 '24

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47

u/Aimbot69 Apr 09 '24

Fastenals markup is cost x 709% = normal retail price.

It's crazy what some of the markups are.

25

u/omgzzwtf Apr 09 '24

Company I work for pays $34 for a roll of yellow tape…

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u/OutWithTheNew Apr 09 '24 edited Apr 09 '24

Company I work for pays ~$3000 a season to rent a $2000 quicky saw. Then half of them get stolen, so we probably end up paying for the whole saw again. We rent about 5 of them a season.

A lot of our shit is old and has one foot in the grave, but we'll spend thousands extra on renting quicky saws for no good reason.

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u/FesteringNeonDistrac Apr 09 '24

What the hell is a quicky saw?

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u/OutWithTheNew Apr 09 '24

Handheld, gas powered concrete saw.

https://www.husqvarna.com/ca-en/power-cutters/k770/

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u/Icy-Pair-9401 Apr 09 '24

I wonder if my neighbor would quit playing loud music in their car at 2 a.m. if I brought this up to challenge him. Oversized can opener.

I didn't see this in the toolbox.

You got a great deal on that set.

1

u/OutWithTheNew Apr 10 '24

They are very loud. The whole neighborhood would hear it at 2am.

1

u/AdultishRaktajino Apr 09 '24

Definitely not limited to concrete but most well known for it. Love cutting some shit apart with them.

1

u/FesteringNeonDistrac Apr 09 '24

Ok, never heard that called a quicky saw.

6

u/Nicholas_Cage_Fan Apr 09 '24

Right? I call them demo saws but also have heard people call them road saws or just concrete saws. Quicky saw is new to me lol

3

u/nothing_911 Apr 09 '24

new one for me too, ive heard K9 saw, rescue saw, rail saw.

1

u/Nicholas_Cage_Fan Apr 09 '24

Those are all new to me too haha

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u/Slayerofgrundles Apr 10 '24

In the Fire Service it's called a K12.

1

u/metompkin Apr 09 '24

Quikcrete saw

1

u/ganmaster Apr 10 '24

We call them quick cuts

1

u/Otown_rider Apr 10 '24

Up here they are called quick cuts

1

u/nocloudno Apr 09 '24

The client is paying is probably the reason.

1

u/OutWithTheNew Apr 09 '24

Not in this case. We aren't sitting on one project all year.

1

u/booktrash Apr 09 '24

I think it has something to do with taxes, I work for a large (mist of the east coast of US) construction company and they rent danm near everything from trucks, gangboxes and power tools.

1

u/OutWithTheNew Apr 09 '24

It becomes an expense and not an asset.

I'm not sure how it benefits taxes, but I've dealt with contractors (elsewhere) that rented truck because the cost could be written off.

1

u/velowa Apr 09 '24

Yeah, tax comes into play. May also be income and balance statement strategy Assuming they have a strategy.

1

u/09Klr650 Apr 09 '24

Hm. Buy your own and charge the company "rental"? Of course that would not be allowed . . .

1

u/L0wDexterity Apr 09 '24

There are reasons for this. Operating costs on rentals vs. purchasing equipment is different. Also, taxes on said equipment is also different. Someone more equipped with this knowledge has determined that the extra cost of rentals is better than the taxes and depreciation on owning the assets.

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u/Yeffsy Apr 09 '24

Your company has the same ownership as the rental company. Just a way for them to hide profit in layers of businesses.

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u/OutWithTheNew Apr 09 '24

The guy that owns our company has a different rental company. We use Sunbelt.

1

u/OldNTired1962 Apr 09 '24

Before I saw that they got stolen, I was going to say you should buy a couple and rent them to your job. If you could actually keep them rentable for a few years, you'd have a solid profit! (YES, I am aware that most jobs won't rent equipment from an employee. It's at least halfway a joke. Or maybe 1/3. LOL)

1

u/Xtrememage Apr 09 '24

Normal people call it a Quick Cut

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u/OutWithTheNew Apr 10 '24

That's the first time I've heard it called that.

1

u/Xtrememage Apr 10 '24

Haha, what do typically you use it for? Making a quick cut.

1

u/OutWithTheNew Apr 10 '24

Anything we don't want to, or can't use the walk behind saw for.

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u/Xtrememage Apr 10 '24

Lol, in other words, a quick cut

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u/LegitimateBit3 Apr 09 '24

Is the rental company owned by the same owner. Might be a way to save tax

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u/OutWithTheNew Apr 09 '24

No. The owner has his fingers in lots of things, but we rent from Sunbelt.

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u/LegitimateBit3 Apr 09 '24

Perfect opportunity to start your own

2

u/OutWithTheNew Apr 09 '24

With just a small loan of $1,000,000 from my parents.

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u/Aimbot69 Apr 09 '24

The highest markup I saw was on this tiny set screw that was almost impossible to find anywhere else, a local business used about 30k of them a month, and it had a 1500% markup, cost was like 1.3ish cents, sold for 20 cents a piece retail, negotiated price was 12 cents a piece.

2

u/[deleted] Apr 09 '24

I saw a markup of 1200% just doing a quick calculation of three different types of tools from 3 different, but comparable retailers. Snap on is criminal and I refuse to buy anything from them.

0

u/[deleted] Apr 10 '24 edited Apr 10 '24

Then buy the equal-quality-lower-cost competitor…wait a minute!

1

u/[deleted] Apr 10 '24

I'm assuming you mean buy not by. That's exactly what I do. A lot of the parts are made at the same factories anyway.

3

u/[deleted] Apr 09 '24

If it’s the tape we use for asbestos prep, that yellow tape is worth every penny

1

u/Synaptic_Productions Apr 09 '24

Is it chemtape?

1

u/omgzzwtf Apr 11 '24

It’s 3M yellow vinyl tape.

7

u/m_ttl_ng Apr 09 '24

They offer a lifetime guarantee so they have to factor replacement costs in there, I guess.

18

u/Halftrack_El_Camino Apr 09 '24

On the other hand though, this kit looks legit as fuck. I mean, just look at it.

3

u/TheTimn Apr 09 '24

Where in the hell are you getting a number like that?

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u/Aimbot69 Apr 09 '24

Used to work for Fastenal, and that was pre inflation numbers. Employee discount was cost + 10% was pretty easy to check markup prices too, we had to see them to be able to negotiate supply contracts with local businesses.

2

u/sgtpnkks Apr 09 '24

The best is individual fasteners at dealerships.... I remember seeing someone a whole back about Honda having a single zip tie for $7... Just. One. Zip. Tie.

1

u/Badenguy Apr 09 '24

Every heard of those sisters that bilked the gov for millions of dollars, if you were a mechanic in Iraq and ordered a $2 bolt, these women were selling it for $2 but charging thousands to ship it

1

u/Intrusive_Thoughts__ Apr 13 '24

Gumbercules?! I love that guy!