About a week ago, my dishwasher overflowed. The water sought a pipe hole, which just happened to be right over the DJ-20 in my basement shop. As soon as I realized that the jointer was soaked, I disconnected the power, toweled it off, and fogged it with an aerosol water displacer / lube called Boeshield I recently purchased. I covered the jointer with plastic and went back to cleaning up the upstairs mess.
The Boesheild dried and left a waxy grease behind. This coating was easily removed with a spritz of fresh product and some old t-shirts. Today, I wiped the machine down to prepare to use it again, and there isn't a speck of rust ANYWHERE! Boesheild totally repelled the water.
This stuff isn't cheap, but I'm sold... I'm still going to use paste wax for pre-use wipes, but I'm keeping this stuff around for emergencies and long-term protection. It seems like it would be terrific for lesser used hand tools.
-- DISCLAIMER -- I don't sell Boeshield, I don't own stock in the manufacturer, and I've never gotten it for free. In fact, I've never even had a coupon for a discount. I don't really care if you buy it. -- /DISCLAIMER --
I just wanted to share my experience with others who may be too cheap (like I was for a long time) to pull the trigger on a can of it.
Barry