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Harbor Freight: What's the Catch?

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I've purchased several tools from HF. My policy is simple: buy something inexpensive, even if I think I'll use it a lot. If I do use it a fair amount and the quality is interfering with the jobs, get something better. After 40 years, I have a good circular saw, hammer drill, router and chainsaw. Every time I use the belt sander, I want to replace it because of the noise, but it keeps on doing the job.
 
I'm willing to bet that they sell more 4.5" angle grinders. Economy of scale.

I would caution people to say that the HF tools are the same as the more expensive versions. Often the HF tools are (quite brazenly) reverse engineered from the more expensive brands. However, they don't use the same alloys or forming processes. So a HF tool might last for 50 uses, while the more expensive, visually identical tool might last for 50,000 uses.

It's all in what you need, but don't think that they're "the same."
 
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