remember one thing with snap on ratchets, they are NOT warrantied forever... the warranty only goes as long as they have parts for that model ratchet... im having this problem now. i have 2 snap on ratchets that are from the 70's sent one in to be fixed and they wouldnt fix it cause they didnt have a cover plate for that model ratchet any more. and they wont replace it with a new ratchet either...so to me that means there warranty isnt forever!!
last month i bought a broken craftsman ratchet at an auction for 3 bucks, must have been at least 30yrs old.. took it to sears and they gave me a brand new one for nothing... i like that....
Umm you are getting ripped off.
I cannot speak for Snap-On's warranty policy, however for Matco it goes like this. If you have a broken ratchet and it is discontinued, you get the equivalent product in replacement. If you have a "Lifetime Warranty" product that doesn't have a replacement at all, you get a credit for the original purchase price of the product. Say you bought a $50 ratchet now, and 10 years from now, there is NO similar ratchet(some oddball design or whatever), you would get a credit to your truck account or toward the purchase of new products in the amount of $50.
Now "Lifetime Warranty" does not mean YOUR lifetime. Tools DO have a lifetime. If you read the warranty policy it states this. If you have a 50 year old socket, that is rounded out and won't grip fasteners properly anymore, by the letter of warranty policy that is not warranty. You got your "useful life" out of the tool, and really lets face it, you got your moneys worth out of it. Now, have I EVER denied someone warranty because of this? Nope. The distributor is the Warranty enforcer. It is his discretion what is and isn't warranty. And if he warrantees something that the company deems not warranty, he is out of pocket for the product. So it is his money being messed with too.
This all applies to ANY "Lifetime Warranty" tool or product. Craftsman, Kobalt, whatever. They have these same policies in place. However being as the person seeing and replacing the tool is often some middle aged woman or some snot nosed kid, they don't know what they are looking at, and don't care. They just swap it out and call it a day.
I pay for every ratchet I warranty. Then I send it back to Matco and HOPE they credit me for that ratchet. And I have had them deny me many times. Then I have to fight and bitch to get it warranted.