How does it make no sense? I even explained it in the next half of the sentence that you quoted. :P I don't repair until stuff is nearly broken because then I don't have to worry about spending money on gear the I'll potentially replace.
I'm not offering this advice as a max level (where repairing your gear anytime you run into the guy is a decent idea), but as a low level where gear gets replaced fairly quickly and where the only other thing to reasonably spend your money on is teleporting because that's what the OP is.
