Posted by jimg.allentown on August 23, 2019 at 05:45:59 from (24.115.193.250):
In Reply to: Broken water pump.... posted by Dave H (MI) on August 22, 2019 at 07:01:43:
The simple facts about repairing, rebuilding, and refurbishing parts. There is simply not enough markup in the finished part to cover the cost of labor/parts in repairing it.
A water pump (for an example) may take an hour to rebuild. In the process it gets cleaned up and refinished. At current shop rates of over $100 per hour, that pump would have to sell for at least the cost of labor, parts, and materials. That would put it in the over $100 price range. A new one costs how much?
Pretty much the same thing with repairing versus replacing appliances. Fixing a $1500 refrigerator is feasible. Repairing a $300 refrigerator is not. Fixing a $30 toaster or a $40 mixer is simply out of the question. The cost of an evaluation already exceeded the cost of a replacement.
Sorry to say, this is the world we live in these days.
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