I wish I'd bought one of these years ago
I recently bought a tire changer and installed the anchors in my garage so I could perform my own tire change and balance on my very old trucks. I was very disappointed in the ease and ability of the changer to actually change tires without scratching the aluminum rims all up.
But along with that purchase I got this tire balancer. The balancer has worked GREAT. I've used it multiple times for multiple different vehicles. The only downside to it is it does take a little time to get it calibrated. And the calibration mechanism is a bit flimsy so a slight bump of the hand and you have to recalibrate it. The good news is it isn't hard to do. But when calibrated, it does an outstanding job of indicating the balance of the tire. Despite it only being a static balance I've taken a full set of statically balanced tires using this balancer to well over 85 MPH and they roll smooth. So while dynamic balances might be "better", I can't honestly say a dynamic balance is worth the money IF you have the tools, willingness, and desire to do the balancing job yourself.
Just keep in mind when you purchase this that you also need to procure weights. You can scavenge weights from tire shops to keep with your balancer, but if you use hammer-on weights, you'll also want to get the special hammer/weight remover tool. The other option is to buy stick-on weights that stick to the inside of the rim. I have both. I reuse hammer-on weights as much as I can, but if the combination I have doesn't quite get the tire in balance, I have stick-on weights to make up the difference. Just keep in mind, you'll need to clean the inside of the rim before those stick-on weights will hold. Any grease or grime in the rim, and the adhesive doesn't work at all. But with a properly degreased, rinsed, and dried rim, the stick-on weights work just fine.
Another tip, if you do purchase a tire balancer like this, get yourself a white tire crayon so you can mark where, on the rim, the weight needs to go while the tire is on the balancer. Otherwise you'll find yourself putting the tire on the balancer over and over to get it right.
Now to put in perspective, if I owned a shop, there's no way I'd rely on a balancer like this. The time involved with getting a tire balanced using one of these devices doesn't make sense for a shop that's doing dozens of tires a day. A professional tire balancer will allow you to balance a tire in a fraction of the time this device will...and will last far longer. But if you are a DIY person that only plans to use this every so often (i.e. every 5kmiles or when you need to plug a leak), it is worth having.
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