One piece of advice given to me by late Father when buying any item.
“The Cheapest is the dearest in the long run”
This is something I have found to be true in the past, both from youthful exuberance, and the experience of others.
Regards
Gray,
My father was a clever chap, but he didn’t get everything right, not by a long shot!
Bad news: “The Cheapest is the dearest in the long run” isn’t axiomatic. It’s a blurred simplification, often used to justify unwise spending.
Much of my career was spent in Procurement, where a more thoughtful approach is taken. Briefly, a requirement is defined to make it clear what the item is for. Wants are pruned: it’s about needs. What’s meant by “the long run” is defined, not left loose. Finally ways by which “fit for purpose” and “value for money” will be measured are decided.
The purpose is to increase choice by eliminating politics, emotion and prejudice from the purchase. The process clarifies what is “good enough” and takes nothing for granted. Should you buy an expensive cut-throat razor that lasts a lifetime, or disposables? Most shavers prefer disposables for a “fit for purpose” reason – they’re safer!
One of my father’s friends emigrated to the USA and ended up managing a factor specialising in spares for foreign cars. Finding that spares made by Lucas were far more expensive than Far Eastern clones, he asked the Lucas sales rep to explain, and got the “they’re cheaper in the long run” argument. Unfortunately this was corporate puff. The truth was that the factor’s returns record showed expensive Lucas parts weren’t as reliable as cheaper alternatives. High cost does not guarantee quality.
Though hobbyists are free to spend their money as they like, I suggest adages like “The Cheapest is the dearest in the long run” are unreliable. My advice to anyone on a budget is don’t waste money! The best way to do that is to think for yourself. “Reassuringly Expensive” is a con too…
Sonic’s exam question is Proxxon PD400 vs HBM 180? I can’t answer that because I don’t know what Sonic’s requirement is. Neither meets my needs – both lathes are too small! Cost doesn’t enter into it.
Dave