undercut
Silver Member
Actually it is very easy to recoup 100% of your welding investment if you start out modestly. A used AC buzzbox (e.g. Lincoln tombstone, Miller Thunderbolt, Hobart Stickmate, even craftsmen, etc) can be picked up used for $100 to $125 or so. Better yet an AC/DC version of each will be $200 or so used and well worth the extra money.
Any of these units will last for decades and will likely pay for itself on the first repair that you make. If you get really serious about welding and later want a better machine because you use it a lot then you can easily sell it and recoup 100% of you investment because they never depreciate in value due to their unmatched durability.
Add $15 for a cheapo 4.5" electric grinder (use for grinding and cutting steel with cut-off wheels) and you have all you need to get started in welding except a welding helmet and gloves. Electric sawz-all is nice too if you already have one and useful for carpentry projects too so easily justifiable for homeowner hobbyist. Skip the expensive things like chop saws or band saws unless you plan to build large complex projects from scratch. Chop saws and band saws are mostly useless in the repair world of welding.
Going up in price from here with welding equipment does add some convenience and usually better equipment in some cases but you will pay for it somehow through higher initial purchase price, your purchase will depreciate in value, as the complexity goes up the durability likely decreases, if you go mig there are hidden expenses like bottle leases/purchase, gas refills, gun liners, tips etc. All of these factors make it financially harder for the occasional hobbyist to get fiscal payback on expensive equipment even if it is better. Serious users find it easier to get that payback, or some people simply do not care about costs and think they must always have the best of everything regardless if it makes fiscal sense or not (Lots of foreclosed houses due to logic like this). On the other hand businesses can easily justify the better equipment because it usually is faster and time is money in the business world.
Excellent points. I think you've really opened my eyes to my options. Many thanks!