With numerous power tools available in a variety of price ranges, finding the right balance between buying the best value for the best price can be difficult.
However, there are ways you can manage your spending on these tools.
Tap Loyalty Programs
Like airlines, retailers, and hotel chains, some tool makers have loyalty programs. You will be rewarded every time you purchase an item from a specific brand. The programs are not tied to any retailer. You earn points whether you buy hardware online or at a brick and mortar store. You can then redeem the points for exclusive promotions, special offers, new tools or branded items.
Get Combo Kits
If you are planning to replace several older parts or to complete your toolbox, package deals or combination kits are the way to go. These allow you to buy multiple tools at the same time and at a significant discount. You may be spending up to 30% less than you would otherwise if you bought the tools separately. Combi kits can be especially useful when shopping for cordless tools. Usually you only need a single charger and battery for tools with the same charging station. This is cheaper than buying a charger and battery for each tool.
Stick to a single brand whenever possible
Once you have entered a manufacturer's ecosystem by purchasing multiple tools, it is cheaper and easier to buy tools from the same brand. If you choose tools from multiple manufacturers, you can face costly compatibility issues. Again, this is an important point in connection with cordless tools. A manufacturer often develops a universal charger and battery that can be used with any of their power tools. With just one type of charger, you can power anything from a drainage auger to a weed cutter to a hammer drill. If your toolbox currently contains tools from multiple brands, identify your favorite and stick with it for all future purchases. You will save money and hassle over time.
Shop during the biggest sales season
Power tools are often offered for sale on the days leading up to Christmas and Father's Day. Many people are often not aware of the extent to which the tools can be discounted. On Black Friday and Cyber Monday you get discounts of up to 60%. Certain specialty tools have their own sales season. For example, woodworking tools are often on sale in February and March because many people work indoors at this time. Unless you are in urgent need of this power tool, hold off your purchase until a time of year when prices are much cheaper.
Buy what you need
Once you have an interest in doing it yourself (DIY), there are numerous power tools and gadgets you can easily accumulate. The thought is that at some point you will have to use them. It takes months or years for you to realize that the vast majority of tools are in pristine condition as they have never been used. Before buying power tools, it is important that you take a step back and ask if you really need them. Even if you need a tool, you don't have to buy a professional or industrial version as it might be too much for what you need.
Good to have, but at the right price
Power tools are a must at home when you want to reduce the manual effort required for certain tasks. They also reduce the need to bring in an expensive contractor to tackle something relatively small. However, the cost of power tools can add up quickly. Use these tips to keep the cost of your power tool down.
