Re:Among a certain set, counterfeit luxury bags may be more ...
by grrrrrbox on Wednesday May 11, 2022 @01:37PM
(#31343255)
Price is a necessary but not sufficient requirement for quality, but that's no reason to throw out the idea. Harbor Freight is also not a bottom-barrel brand these days.
Cars are actually a great example. $30k will set you up with a Camry hybrid for >20 years. If you can only afford to finance a $15k econobox, you'll end up paying extra on interest, maintenance, and fuel while your car spends more time in the shop.
IMO this theory gets unfairly maligned by a strawman of "price == quality".
Re:Among a certain set, counterfeit luxury bags may be more ...
by buescher on Wednesday May 11, 2022 @02:24PM
(#31343867)
Cars are a great example when you compare just about any used car to being able to finance a new $15K econobox - the econobox will win on TCO. (And at low interest rates, you are better off holding on to your cash and financing). But not when comparing new cars. A $16K Chevrolet Spark LS has a five-year TCO of $26460. Your Camry Hybrid LE (at least twice as much as a Spark in cash outlay) has a five-year TCO of $31903. The Corolla L, which is a sort of benchmark of frugality, has a five-year TCO of $28814.
It's not at all uncommon for the cheap thing to be much cheaper in total cost of ownership (TCO) than the "quality" item. Take a look at Edmunds TCO numbers for cars, for example. And back to Harbor Freight: I've heard of shops switching to Harbor Freight air tools because they're 1/10 the cost of the good stuff and last, I forget, something like 1/4 as long.