"With this in mind and just to take this topic off track what do you do with your Craftsman tools ( such as ratchets ) that have become un-usable, do you exchange them for a newer version ( possibly less quality ) or what?"
I haven't run into that problem, mainly because I haven't broken any tools lately. And since I have been losing use if my hands, I probably won't. My users are S-K, I don't know their policy on vintage (pre-bankruptcy vintage in this case) tool replacement. Mostly I collect tools now (some say hoard.)
All my grandkids have toolboxes with lesser quality tools. I'll replace them with high quality tools when they are preteens, old enough to take care of them. I don't give them crappy tools, just cheap tools suitable for light duty. Current Craftsman tools are in that category, imho. Logan has been using his kit for a year or so, fixing toys, putting up shelves, etc. with his dad. He just turned 4. The others range in age from 2 to 7. They get to start adding tools as they need them.
I have literally boxes, hundreds of pounds worth, of lesser quality stuff. When a box of tools arrives I sort it. Mechanics tools grade into good tools, medium grade (often japan, modern Husky/Stanley/Kobalt /Crescent/Napa etc.) and finally the Taiwan, China, Pittsburgh, Gedore, India, etc. The good grades include Domestic Craftsman/Thorson etc. & better and they are sorted by brand/age. I have saved some sets of bad domestic stuff (Oxwall, Dunlap, etc.) But not as useable tools.
I have always felt that modern Craftsman tools were the lowest level of useable tools, and not for use professionally. Everything of less than their quality was a waste of money at any price. (But I haven't ever bought a lottery ticket, either. I always thought of those as a tax. A tax on people who are mathematically challenged or who are way too optimistic.
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I suppose I would give broken Craftsman tools to someone who could use them, and who doesn't care about quality of the replacements. I have a good friend who races, he has a track kit with disposable tools and loaners.
I have quite a few vintage sockets with split sides, and some other wrenches also. Some current brands like Craftsman, Snap-On, Mac, etc. & other brands out of business or owned by one of the big 6 or 8. I just sit on them, I tell Mrs. Chilly that they help anchor our house.
I never used to be to much into tool van tools, I could not afford them. I have bought professional grade from Grainger's, though, and a tool here and there from the vans (my favorite users, often.) Lately I have started down that Snap-On/Mac path. There goes my chance of buying a boat, I suppose.
Lately I have come to believe in the merits of buying domestic when I can. Not just tools, but anything. I think it is better on so many levels.
One man's opinions, and subject to change over time. 85% correct is the best I figure I can do with facts, my opinions are probably less accurately based.
Chilly