Appreciate your response, but I think you are thinking about this wrong. Tools are not investments or savings accounts, they are depreciating assets, just like cars. Inflation plays a role, but not like you are thinking.
With depreciating assets, all that matters is the cost of ownership. I bought a car 10yrs ago for $25,000 that’s now worth $0. That car cost me $2500/yr to own, which actually isn’t that bad.
If I buy a set of screwdrivers for $75, use them for 30yrs, then because of inflation, the residual value of those screwdrivers is more than I paid, they cost me 0 to use and I may have made money if I sell for them for $100.
How can a $6000 toolbox be a smart buy? If you can use it for 20yrs then sell it for $6000, because new boxes like it are $10,000 in 20yrs.
To have use of a high end depreciating product (like my daily driver Porsche) that’s worth nearly what I paid for it after driving it for 12 yrs and 100k miles is a great financial move. The new Acura sedan I could have bought instead, would have been the more expensive purchase. The tools, the Porsche, were cost avoidances which is a little like making money (kinda sorta). My tools should have cost me $X/ yr to use and instead cost me $0.
Given the choice between a new HF US General tool box for $600 and a used Snap on toolbox for $1000, the snap on box will probably b cheaper to own.
If you are picking stocks or savings accounts, you pick the highest return that fits your risk tolerance. For depreciating assets, you want things that cost you the least to own. Expensive things could cost less to own than cheap things.
This was my point but I don't explain things as well as you did. Thank you. I also added two important facts to your quote that are important.
i won't argue with either of you. you may very well be correct. that said i don't know that the other guys are completely wrong either. the truth likely lies somewhere between. 20 or 30 yrs from now if snap-on is in the position it currently is you may likely be spot on. if not, you get the idea.Agree, to get the best resale price, don’t mark your tools and keep the original packaging if at all possible.
think of all of the brand names that were top notch and well respected 20 or 30 yrs ago. many of them don't exist and have been replaced with names that did not even exist then.
i am not saying snap -on won't exist but one never knows.
