Times when layaway tool credit is beneficial for your company in Tulsa

June 18, 2021 at 7:00 AM
Times when layaway tool credit is beneficial for your company in Tulsa

It can be expensive to replace tools or expand your inventory with new ones. At The Tool Cabin, we understand this and want to help our local contractors succeed in their businesses. This is why we offer layaway tool credit in Tulsa for contractors like you. Our layaway program is meant to lighten some of the financial burdens when you need to buy new tools. Keep reading for benefits that you get when working with us and using our tool layaway program.

Affordable payments

One of the most difficult parts of buying contractor-grade tools like Makita, Buckingham, or Milwaukee is the cost. Whether you’re paying for them in cash upfront or financing with a company credit card, tools aren’t always cost-effective for contractors who run a small business. When you put a tool on layaway, you have a chance to pay for it over time as opposed to paying the entire sum at once. This way, a tool purchase won’t have as much of an impact on your monthly budget.

No interest

When you use a company credit, you’re going to have to pay some level of interest. Depending on the cost of the tool, your interest rate, and how long you take to pay it off, this can increase the cost by hundreds of extra dollars. When you put a tool on layaway with us, there is no interest charged. For you, this means that you can pay off the tool in your own time as long as it’s according to our layaway policies. You could potentially save hundreds to thousands of dollars on tools by putting them on a layaway tool credit rather than paying with a credit card.

No effect on your credit

If you’re worried at all about your credit, don’t be. Using layaway has no effect on your credit score because you’re not borrowing any money. With layaway, you won’t have increased your debt in any way, and setting up your layaway plan doesn’t require us to pull your credit history. We simply set up an agreement of how long you’ll make payments as well as the amount of the payments.

Flexible payment plans

Our layaway program is available for any purchase that’s more than $100. Beyond that, we have tiers that are meant to make it easier to break down the cost to you and your business as you pay off your new tools. The tiers are as follows:

  • $100 to $500: one month
  • $500 to $1,000: two months
  • $1,000 to $2,000: three months

We’ll work with you to set up your tool layaway so you can save money now and in the future.

Contact us to learn more

At The Tool Cabin, we want to help local contractors build successful businesses so we’ve established our layaway program. You can get the tools you need on an affordable payment plan that fits your needs and budget. If you’re unfamiliar with layaway tool credit in Tulsa or would like to learn more, please don’t hesitate to get in touch with our team. You can reach us by calling 918-703-2339 during our business hours Monday through Saturday. If you’d like, you can send us an email anytime at carbajal.e@the-tool-cabin.com or use our contact form. We’ll be sure to get back to you as soon as possible.