1st recommendation get a steel floor jack (HFT currently has a 3 ton model for <$100), if that is too much $$ get a (much less expensive 5 or 10 ton bottle jack (as a backup) .
-aluminum floor jacks are great for light weight, but I am old school and put more trust in the strength of steel), if it isn't our primary jack, at least it is good to have a backup>
If / when you have the time / ability fix your current jack, if it is worth keeping.
I have an old, Craftsman 2 ton, single piston floor jack, it cost nearly $300 in 1985.
I have had to replace parts a couple of times over the years, comically the shipping always cost more than the parts.
Over 10 years ago I bought a "Piitsburgh" (HFT) 3 ton floor jack.. it was around $80 on sale. The Pittsburgh took over primary jack duty and has been problem free, and looks to be better built than the "old Craftsman".
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Last summer HFT had their "heavy duty" 3 ton Low Profile Long Reach Daytona jacks marked down to <$190, so I added a bright Orange one to the collection.. even though the Pittsburgh has never let me down, it takes over secondary duty, (If I need to lift more than one wheel at a time I use 2 (or more) floors jacks and 2 (or more) jack stands .The craftsman is now 3rd in line.. It still works fine.
As a backup I still have a scissors jack, and a couple of bottle jacks in my garage, not to mention the "factory" supplied OEM jacks in each vehicle
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Some folks bad mouth HFT products, but my experience is their (steel) floor jacks are high quality and a bargain.
(Just like Sears / Craftsman used to be, HFT has ample stock, are conveniently located and good value sale prices)
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I read a comment re: why would you trust your life to (an alleged) inferior floor jack?
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The poster did specify he had his car on jack stands, and is asking for our insights, re: a fix for his jack issue.
Several responses addressed his concerns and suggested some good ideas hats off to those folks.
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remember these 3 rules:
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All mechanical devices need to be properly maintained (the posters diagnosing a problem is the 1st step in proper maintenance)
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Any mechanical device / tool can fail
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Just like rigging and crane work NEVER put anything you value (i.e. your body) under a load with only a single safety.
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When I use the floor jack / jacks to lift the load (car/ truck), then lower the load's frame onto substantial (properly configured) jack stands, leave the floor jack in place and "locked", then and only then do I put any of me under the load.