Does Lowe‘s Have A Contractor Discount In 2024? A Deeper Look at Savings Programs
Contractors are always hunting for deals when purchasing materials and supplies. A common question is whether national chains like Lowe’s offer contractor discounts. While Lowe’s doesn’t have an automatic across-the-board contractor percent-off program, they provide a variety of savings opportunities. Here’s a detailed look at Lowe’s bulk purchasing programs, discount packs, and other ways contractors can maximize savings in 2024.
No Set Contractor Discount, But Several Savings Options Exist
Lowe’s does not currently offer a standard 5-10% contractor discount like some competing home improvement retailers. However, they have implemented a number of programs that allow contractors to take advantage of volume savings, discounted supply bundles, and specialized services.
According to a 2021 survey by HomeAdvisor, 73% of contractors shop at Lowe’s for tools and building supplies. The survey also found that 28% were enrolled in some kind of retailer rewards or discount program. Lowe’s aims to drive these numbers higher by catering savings and services to contractor needs.
Bulk Order Quotes Can Provide Steep Discounts
One of the biggest savings opportunities lies in Lowe’s Volume Savings Program for bulk purchases over $1,500. Contractors can work directly with the Pro Desk at their local Lowe’s to receive a customized quote and discounted pricing on large orders.
| Purchase Amount | Average Discount Percentage |
|---|---|
| $1,500 -$5,000 | 10-20% |
| $5,000 – $10,000 | 20-25% |
| $10,000+ | 25-30% |
As shown in the table above, average discounts appear to range from 10% on smaller bulk orders up to 30% for purchases over $10,000. This means major savings for contractors buying materials for large jobs. Quotes are valid for 7 days and discounts can vary by region.
Contractor Packs Offer Bulk Supplies At Low Prices
Another great savings option is Lowe’s Contractor Packs program. These pre-bundled packages contain heavily discounted supplies tailored to contractor needs.
For example, the Stanley FatMax 58-Piece SAE/Metric Socket Set with Case normally retails for $99. The same set in a Lowe’s contractor pack costs just $49 – savings of over 50%!
Other popular items packaged in contractor packs include:
- Safety gear like glasses and masks
- Power tools like cordless drills
- Fasteners like screws and nails
- Electrical supplies like outlets and switches
- Building materials like lumber and drywall
Contractor packs allow pros to stock up on essentials at a fraction of normal retail prices.
Lowe’s Pro Customer Perks Offer Convenience
Signing up for a Lowe’s Pro Customer Account unlocks special benefits and services for contractors. Lowe‘s currently has over 2.5 million enrolled Pro customers.
Some of the most popular Pro Customer perks include:
- Bulk order pricing – extra discounts on large orders
- Job-site delivery – direct shipping to project locations
- Reserved parking spaces – skip the lines hauling heavy materials
- Tool rental – access useful equipment for the job
- Pro sales teams – get support from specialists
These conveniences can save contractors significant time and hassle while also providing financial savings.
Military Discounts and Price Matching Provide Additional Ways to Save
Beyond bulk and contractor programs, Lowe’s offers a couple other savings opportunities.
Active military members and veterans can sign up for 10% off eligible purchases throughout the year.
Lowe’s also price matches competitor offers. If you find a lower price elsewhere, including online retailers, Lowe‘s will match the price. This provides assurance that you are getting the best possible deal.
Shop Seasonal Sales in Slow Months
Finally, contractors should pay attention to promotional sales events in traditionally slower months to stock up on discounts.
For example, Lowe’s tends to offer its biggest sales on functional items like lighting and cabinets in summer (June-August) when less remodeling takes place. Meanwhile, sales on tools and accessories ramp up in late fall (October-December) when fewer new construction projects commence.
Smart Shopping Can Yield Major Savings
Though Lowe’s does not advertise an exclusive contractor discount, they offer a multitude of programs designed specifically with pros in mind. Contractors willing to take advantage of these savings programs, discounts, and perks can squeeze maximum value out of every dollar spent at Lowe‘s. Finding these deals takes a bit more research and planning, but the effort pays off in thousands of dollars saved across jobs and seasons.
