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One caveat: Some "lifetime warranty" parts aren't worth getting. Especially some of the cheaper electrical ones; it is not unheard of for several of these to be bad out of the box, or to go bad within a few months of use. The loss of use and hassle of actually replacing the parts can sometimes outweigh having to purchase new better-quality parts.
...Of course, it is still possible for "high quality" parts to be bad right out of the box. But it seems rather less common.
-soD
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