I am looking for the proper term for the effect in which a lower price solution leads to higher hidden costs. For example,
- Batteries that are slightly cheaper than the leading brand, but have a significantly lower capacity.
- Old laptops which cost less than new ones, but which then take significantly more time to do anything.
- Incandescent lightbulbs that are cheaper to initially purchase than LED lightbulbs, but have a significantly shorter lifespan and a significantly higher running cost.
- Paint which costs less to purchase than the leading brand, but requires more coats, so requires to more time and ultimately higher paint spend.
- Old petrol cars which are cheaper to initially purchase than electric cars, but running them (fuel, maintenance, tax...) costs significantly more.
Trying to save money by purchasing cheap shoes is a _ because they will wear out faster, forcing you to buy more.