RentalProgram - Honda Tool and Equipment Program

Rental Program

This guideline details the ordering, shipping, and handling procedures for the rental of selected Special Tools & Equipment to the aftermarket. The following items are available for rental.

Item Number

Description

07AAC-TY2A100

HEMMING, 3PC PLIERS SET Rental

Applicable models:

HONDA 2022 Civic

ACURA 2015-2021 TLX

ACURA 2014-2020 RLX

Tool Rental Criteria

Honda and SBS will determine which tools the program will offer as a rental to the aftermarket customers. The factors used to determine rental will be frequency of use, and cost.

Tool Rental Details

To rent one of the items identified above, a rental agreement that must be completed, signed, and returned to initiate the rental process. Please call Customer Care 1-866-346-8858 if you have any questions.

The customer will be responsible for all shipping costs. The customer may provide SBS with a UPS or FedEx account number that will be charged for outbound and return shipping. The tool will ship FOB from Pleasant Prairie, WI to the customer via expedited delivery and will be returned to SBS via expedited delivery.

A security deposit will be required on all rentals. This money will be collected and charged to your credit card up front and refunded upon a successful return of the rental minus rental fees, shipping charges, and credit card processing fees. Customer Care will contact you for your credit card information.

Tools will be shipped to the customer in customized cases if needed. These cases are constructed to protect the tool during transport. Security bands may be applied to the case latches to identify any tampering during transit. The cases will also incorporate a custom foam insert that will help identify all parts that are shipped with the tool. The case should be opened immediately upon arrival and the tool inspected. If any damage, tampering, or missing parts are noted, SBS must be contacted immediately 1-866-346-8858.

Rental period is 3 business days excluding time in transit.

The tool can be in your possession for 3 business days and on the 3th business day, you must contact the appropriate carrier (UPS or FedEx) to pick up the tool that day for return to SBS.

If the initial rental period is exceeded, this will result in an additional rental fees charged to the customer.

Rental tools not returned per the signed rental agreement will result in the customer being placed on credit hold until the issue is reconciled.

Rental tools cannot be purchased.

Customers already on credit hold or assigned prepay credit limits are not eligible for the rental program.

All rental tools will be inspected prior to outbound shipping and an inventory and inspection sheet will be included with the tool along with return instructions and additional security bands for the return shipment to SBS. All tools must be returned in clean and usable condition.

Upon return to SBS, the tool will be cleaned and inspected. If missing parts or damage to the tool is identified, SBS will decide if and to what extent a customer will be charged for the damage or missing components.

Equipment Amount:
(Minimum amount is $2000)

Monthly Payment Schedule
Equipment Amount:		Rate for this amount: %
End of Term Option: $ 1.00

24 months	36 months	48 months	60 months
%	%	%	%

Note: Rate Factors, Rates and Payment Amounts may not be available to new businesses and are subject to credit approval.

This quoter is only a tool to help approximate a monthly lease payment and is non-binding. All financing, rates, and terms subject to satisfactory credit review and approval at the discretion of IDSC Holdings, Inc. & Snap-on Credit. The amount to finance may change based on actual costs of equipment and fees, such as installation, taxes, and UCC filing fees, which vary by state and may be extra. Rates used to calculate payments, taxes, and costs of financing, such as costs to file UCC financing statements, vary by state, and any such items may change without notice. First & last payments typically due at lease signing. Standard lease terms and conditions apply. In the event of default under the lease, the terms of the lease will apply and finance charges and late charges of up to 12 % of each lease payment may be due if allowed by law.

Use the following formula to figure your Return of Investment (ROI) for A/C Equipment

Revenues
Number of times equipment will be used per month
Dollars charged per use $

Expenses
Number of labor hours
The technician's wage per hour $
Cost of supplies consumed $
Other costs $
Monthly cost of equipment (Lease cost or purchase price divided by 36) * $

Gross monthly profit
Monthly net profit

* Based upon a 3 year period

Use the following formula to figure your Return of Investment (ROI) for Four Wheel Alignment Equipment

Number of four wheel alignment jobs per month:
Amount of revenue from a four wheel alignment job $
Number of two wheel alignment jobs per month
Amount of revenue from a two wheel alignment job $
Average amount of gross parts profit per job $
Monthly lease cost or loan payment for equipment $
Cost of the Equipment $

Monthly gross profit from equipment purchase
Annual gross profit from equipment
Return on equipment investment ratio:*



*The higher the number, the more profitable the equipment. An answer of 1 means that you'll get a 100% return on the equipment over five years. A 100% return over the life of the equipment is the minimum return you should expect on your investment. A return 2 (200%) to 5 (500%) should be your target. An answer less then 1 (e.g., .50) means that you need to sell more jobs or increase the price of the service in order to generate an adequte return on the equipment investment.