5 Multi-Tool Myths That Cost You Time and Money
By Leatherman | Published: 2026-10-17
Category: Tips & Care
Stop falling for common multi-tool misconceptions. Learn the truth about maintenance, materials, and upgrades to save money and keep your Leatherman running like new.
Quick answer
Many multi-tool owners waste money on unnecessary replacements or damage their tools by following bad advice. The truth is simpler: premium steel like MagnaCut® doesn't need constant sharpening, a lanyard bead can double as a bit driver, and reading the brand's own story can help you understand what your tool can handle.
Myth 1: You need to oil your multi-tool every week
Regular lubrication is important, but over-oiling attracts dust and grit that accelerate wear. A light application every few months—or after exposure to moisture—is plenty. Focus on cleaning the pivot points and joints rather than dousing the whole tool.
Myth 2: All multi-tool blades are the same
Blade steel varies hugely. The Wave® Alpha uses a reverse tanto blade made from ultra-premium MagnaCut® steel, which delivers elite-level edge retention, toughness, and corrosion resistance. That means fewer sharpenings and a longer working life compared to basic stainless steels. If you've been replacing tools because the blade dulls fast, the steel quality is likely the culprit.
Myth 3: Lanyard beads are just decoration
A lanyard bead can be a functional tool. The Leatherman Lanyard and Bead is made from premium-grade stainless steel and doubles as a bit driver for both Leatherman flat bits and ¼-inch hex bits. So that small accessory hanging from your tool can actually help you tighten a screw or swap a bit without digging for a separate driver.
Myth 4: You should buy a new tool when the blade chips
A chipped blade doesn't always mean the tool is done. Many multi-tools, including the Wave® Alpha, are designed with replaceable or serviceable parts. Before buying a replacement, check if the blade can be professionally resharpened or if the manufacturer offers a warranty. Leatherman's story—told in their own book—emphasizes a commitment to durability and repair, so it's worth looking into before tossing a tool.
Myth 5: Multi-tool accessories are a waste of money
The right accessory can extend your tool's capability without buying a whole new multi-tool. For example, the Leatherman Lanyard and Bead adds a bit-driver function to any compatible tool. And the Leatherman Book itself is an accessory that gives you the backstory behind the engineering—helping you understand what your tool can handle and how to maintain it properly.
Verdicts on multi-tool myths
- Myth 1: Oiling every week: Over-oiling attracts grit. A light application every few months is enough. Less is more—clean first, oil sparingly.
- Myth 2: All blades are the same: Steel quality varies massively. MagnaCut® steel in the Wave® Alpha offers elite edge retention and corrosion resistance. Invest in better steel to reduce sharpening frequency.
- Myth 3: Lanyard beads are decorative: The Leatherman Lanyard and Bead doubles as a bit driver for flat and hex bits. A functional accessory that saves you carrying extra tools.
- Myth 4: A chipped blade means a new tool: Many tools have replaceable or serviceable blades. Check warranty and resharpening options first. Don't toss it—repair it.
- Myth 5: Accessories are a waste: Accessories like the Lanyard and Bead or even the Leatherman Book add real utility or knowledge without buying a new tool. Accessories can extend your tool's life and capability.
Products that help you avoid these myths
- Wave® Alpha: Wave Alpha is the ultimate evolution of our best-selling multi-tool, built from premium materials and designed with features requested by fans worldwide. It’s the first Wave to feature a reverse tanto blade crafted from ultra-premium MagnaCut® steel—delivering elite-level edge retention, toughness, and corrosion resistance. If you've been replacing tools because blades dull quickly, this steel holds an edge far longer, saving you time and replacement cost.
- Lanyard and Bead: Compatible with our range of knives and multi-tools, our bead is made from premium-grade stainless steel and is designed to be a bit driver for both Leatherman flat bits and ¼” hex bits. Turns a simple lanyard bead into a functional driver, so you don't need to carry a separate tool for bit changes.
- The Leatherman Book: Tim Leatherman created the iconic American multi-tool. His latest tool is a book. This time, instead of scissors and pliers, he’s using his story to inspire and help you build your own big idea. Reading the book helps you understand the design philosophy behind your tool, which can guide better care and usage decisions.
