You know it's actually a good question. I have about 10 Milwaukee M18/M12 tools and I haven't really done anything to maintain them per say. It will be interesting to see what others have to say though. I live in a warm dry climate so I just wipe 'em down when I get them dirty but maybe someone in a colder, wetter climate will have some recs for you. I think Kctyphoon lives on the east coast and he puts his Milwaukee lineup through their paces out in the field......
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In all honesty, my home collection doesn't see a lot of use these days.. Most of my stuff at work gets used occasionally, and they are really there to make my life easier when I can use them. The one thing that gets used a lot is my M18 Fuel 7/16 hex drive high torque impact. I haven't used a corded impact wrench in a long time. It's get used to drill through telephone poles, attach and remove hardware for cables. The difference between the 7/16 hex impact, and say your standard 1/2 square mechanic type is the utility version see a lot longer sustained use. A stubborn pole can can have that impact running for a minute or so just to drill an 11/16" hole with a ship auger bit that's 18" long. I assume that's why the torque specs are dumbed down a bit compared to the 1/2" square drive version. I seriously do nothing to maintain the cordless stuff other than try to keep them clean. My m18 sawzall will routinely get covered in mud - and I just wipe it down when I'm done. The tools and batteries are kept on the two trucks I'm assigned to, and I don't do anything special to try and keep them warm in the winter. So far, I haven't had any issue with them not wanting to work in the cold weather. The only cordless stuff that gets used long enough to really fully drain batteries is the impact and lights. I just throw them back on the charger and they get tossed back into the bag.
One thing I do, is make sure everything is stored in a way to protect the tools. I use old Dewalt cases for the sawzall, hammer drill and impact driver. It keeps them from getting crushed, and prevents anything like gasoline or chainsaw oil from getting to them while stored in the cabinets. I had a 45lb hydraulic jackhammer fall off its hooks in the cabinets, and the Dewalt cases kept the tools from getting damaged. The Dewalt cases are smaller than Milwaukee's, and I find them in the dumpsters at work from time to time. I just cut out the plastic walls inside the case to make the Milwaukee stuff fit.
The big impact, some batteries, m18 lantern, search light - all get stored in a soft contractor bag that's in a cabinet where they can't get damaged. The m18 tripod light, and dual powerd flood light get stored in a cabinet I added to the truck, so they are safe and isolated. Other than common sense stuff - I really do nothing to keep these things going. They just do it on their own.
I honestly wish I could use them more often, but I do so many different things at work I can be on one job that last 2 months and never have a need for any. Likewise, I can have two months where that impact gets used everyday. Also - I operate two completely different kinds of trucks. I'm the only person in my group that even has two trucks dedicated to one person. So I'm basically doing a bit of everything, compared to some guys that only work out of a bucket, or only operate a digger derrick. I won't claim to be the best at either - but I'm very at home in either one. That allows me to grow 3 cordless tool collections - one for each truck, and my personal stuff at home. Needless to say I have ALOT of tools.. More than one person should own. If anyone has a tool question, or needs to borrow something - they all know to come to me. At one time my company started a project dedicated to removing old poles that were hit / replaced, and were never removed. I had a supervisor let me order almost every tool through Grainger (for budget reasons) using a corporate account to supply about 6 or 7 different trucks. I must have easily spent 35 / 40 grand or more of their money.