Here are my top 5 tips to easily afford a nice set of tools:
1 - Buy new with a monthly payment plan.
When I first moved into my latest house, I needed a full set of power tools to do all the work. I went to Home Depot and applied for their credit card. That gave me an instant 10% discount off any purchases I made. Because my tool set cost more than $299, I also had 6 months with no interest to pay it off. I bought during their Christmas tool sale where you get bigger discounts for every $100 more that you spend. I also got a free shop vac as part of the deal.
Watch for sales around Father's Day and Christmas where bigger discounts are available. Some websites offer the option of setting up sales alerts so that you get an email when the product you want is coming up. Canadian Tire is one store that does this. Don't buy full price if you don't have to! If you can combine 12-18 months to pay with no interest on sale priced tools, you'll be able to buy more tools!
**Be sure to divide the total price paid by the number of months you have to pay so that you pay the balance off fully before the end of the no-interest period or you will wind up paying a huge interest fee!**
Nowadays Home Depot offers up to 18 months to pay, watch the flyers for their sales and you can buy a nice complete set of tools for only a small monthly payment. You do have to be well disciplined to go this way, do not buy into the tendency to think you will be able to skip payments and make them up over time because you most likely won't...
2 - Pawn Shops
You can pick up awesome tools in great shape and at great prices at pawn shops. You do need to visit often to catch the best deals on the tools you want. Older tools are a great value, they were better made than most tools manufactured these days. Watch for brand names such as Rockwell, Craftsman and Delta.
3 - Classified Ads (Newspapers - Ebay - Craig's List)
This is the easiest way to keep your eyes open. Scroll through the ads several times a week and watch for the tools you want to show up.
4 - Estate Sales
Another amazing source of tools. Watch the papers for estate sales that list tools. There are many former woodworkers whose children do not want to keep the tools. You can find treasures at these sales.
5 - Yard/Garage Sales
I hit all garage sales that list tools in the ads and many more that I find while I'm driving around that aren't advertised. Last summer I came across a sale of tools that had been passed down from great-grandfather to grandfather to father - what an amazing array of tools I found at that one!
If you want to see my top 6 power tool recommendations, click on the photo below.
Have a great week!
With a small budget, big dreams and a love of a challenge, Anne blogs about renovating and decorating her tiny 1930s bungalow. A self-taught artist and professed power tool lover, she enjoys writing, gardening, photography, nature and diy'ing. And she's never met a dumpster she didn’t want to root through! Come along for the ride!!