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The best power tools deals often come around the spring and summer months, including Father's Day and post-Father's Day discounts as well as summer renovation sales. It's important to keep an check on prices online and in-store at various retailers such as Home Depot and Lowe's.

The best deals are typically found in combo kits that combine cordless products from trusted brands. Look for these at the home improvement stores and on Amazon, too.

Home Depot

Home Depot has great DeWalt, Milwaukee, and RYOBI deals on RYOBI, Milwaukee, and DeWalt. DeWalt 20V Max Lithium Ion Battery and Charger kit, for example is just $199. That's a $219 price reduction. Plus, you can choose any DeWalt product. (Choose your free tool on the page of the product after clicking "Shop This Offer" and choose the kit.)

The tools that you will find at HD are usually offered in special package deals or as single tools. They may be a part of a lower-quality run or made specifically for HD but are still good tools that can be guaranteed by the manufacturer.

Home Depot has the tools you need to complete any task, whether it's building furniture, installing shelves, or replacing a lighting fixture.

Lowe's

Lowe's is the second-largest home improvement retailer in the United States, with do-it-yourselfer friendly stores that often offer discounts on all the tools and equipment needed to complete projects around the home. Shoppers can save money on everything from power tools and paint to bulk discounts, credit card discounts, and MyLowe’s offers and rewards.

The chain offers a vast selection of storage solutions to help you declutter and keep your possessions organized. Lowe's also has the best prices on flooring with options that fit any budget. You can save on new cabinets and countertops by using Lowe's sales on kitchen and bath and get the best bang for your buck on lawn equipment and power tools during the Spring Black Friday event in April or Labor Day sale in September.

All through the all year long, Lowe's has plenty of occasions to save on appliances and other necessities, including special offers on lighting fixtures and custom window shades paint, bathroom vanities, and more. The store offers a variety of outdoor power tools and garden tools, such as snowblowers, leaf blowers, and mowers. There are also discount lawn care items, equipment and tools and furniture that can be used in every room in your home.

Lowe's will match any lower price you can find for the same item at a competitor in your area or online. You can request an exchange by contacting the customer service department or going to your local store. Bring the website, ad, or photo that you found. Price matching in-store only applies to products delivered and sold by Lowe's and not to items purchased through third-party websites such as Amazon.

Lowe's offers a 90-day return policy for the majority of products purchased in the store or online. You can return the item by providing the proof of purchase, such as a receipt credit card slip, or MyLowe’s account barcode. Certain exceptions are permitted, such as flammable or dangerous goods.

Lowe's offers a Pro Reward program for tradespeople, contractors and other professionals. This program includes exclusive discounts and free shipping, and parking and loading areas dedicated to Pros. The program also offers rental of tools as well as financing options that are unique and customized offers and services. You can also enroll in protection plans for major appliances including power tools, grills and power tools that provide coverage beyond the manufacturer's warranty and guarantee the replacement or reimbursement in the event of a malfunction.

Amazon

During its annual Prime Day shopping event, Amazon offers some of the top deals on tools of the year. A lot of the deals aren't offered elsewhere, and they're often available for a short period of time. DeWalt and Makita, among other top brands, offer fantastic discounts on power tools. Many of the best discounts are on cordless alternatives which include drills and jigsaws. However, you can also save money on hand tools, such as hammers wrenches, and screwdrivers.

You can save up to 29 percent on a DeWalt sander with an excellent customer rating that includes a variety of accessories. The battery has a long longevity, and the tool is lightweight and compact. You can use it to polish furniture, scrape paint or remove grout. It's a great addition to any home workshop.

DeWalt 20V Max batteries are also available at a discounted price. They have a proven track record for being lightweight and durable. This two-pack of batteries will keep your tool running for a long time and includes an LED fuel gauge that will show you how much power is left.

Amazon has a great deal on a DeWalt multi-tool that can be used to sand polish or trim and shave using the appropriate attachments. It is powerful, quiet and efficient and can be used to replace traditional corded tools. This model is a popular choice, and you can get it at 56% off during Prime Day.

There are great bargains on tools at other online stores, and in-store shops such Lowe's or Acme Tools. Comparing prices between these stores and Amazon's Prime Day sale will save you money.

Compare the quality of the product with the price when you are looking for a deal. Avoid purchasing tools from non-authorized sellers or auction sites like Ebay. Instead look for an excellent warranty. This will shield you from refurbished or counterfeit tools and ensure that your warranty is valid. If you're not sure if the seller is an authorized retailer, try using a tool such as FakeSpot or ReviewMeta to confirm the authenticity of feedback and reviews.

Other Retailers

While the top home improvement stores are the top in terms of outlet dollar share and sales however, they're not the only places to find good power tool deals. Power tools are also sold by big-box retailers like Lowe's or Home Depot. Online retailers such as Amazon sell a mix of power tools featuring brands and names as well as generic brands at affordable prices.

The majority of the time, the most lucrative deals on power tools are usually found during major holiday sale events. Black Friday is in November, Father's Day is in June and Labor Day is in September. Sales are also common in the spring and summer particularly when retailers are trying to reduce their inventory.

In addition to traditional power tools sales, certain retailers like Home Depot and Lowe's offer discount packages for professional cordless tools. Dewalt's 18V or 20V Max combination kit, for instance, can be purchased for less than $500. It comes with workshop essentials like a drill and impact driver, circular saw, reciprocatingsaw, and a multitool. This combination can help you save up to 30% compared to purchasing each tool individually.

The same is true for kits that come with a variety of tools from the same brand such as Milwaukee and Bosch. A set of nine pieces that includes a drill and impact driver as well as a hammer, circular tool, oscillating two batteries with high capacity, a quick charger, and a hammer drill, can be bought for about $800. This is typically half the price of buying the tools on their own.

While it's difficult to predict what tools will be on sale at what time it's always worth checking the prices at both home improvement stores as well as online retailers like Amazon, eBay, Walmart and Woot. Google Shopping is a great comparison site that helps shoppers keep track of prices and compare the best offers.

Returns of power tools are another great method to negotiate a price. Although this isn't an option for every tool, many top-quality tools like Dewalt drills can be refurbished and sold at less than half of the original price.