The lifetime warranty definitely does NOT apply to Craftsman power tools, not even the "Craftsman Industrial" line.
I bought a 13.2V reversible Craftsman Industrial drill/driver a few years back for around $50. Its seen pretty light use. The switch assembly went south on it (couldn't change directions) recently. Power tool warranty had already expired (I think it is a year) and Sears wanted $41 for just that part.
I bought a 13.2V reversible Craftsman Industrial drill/driver a few years back for around $50. Its seen pretty light use. The switch assembly went south on it (couldn't change directions) recently. Power tool warranty had already expired (I think it is a year) and Sears wanted $41 for just that part.