Exactly. I don’t mind if it’s only half as high quality if it’s a third of the price. Or in this case, one-tenth, and with a three-year warranty. My tool-buying philosophy is essentially to first buy the cheap one, and when it breaks, replace it with the name-brand one. I’ve still got plenty of these cheap tools in frequent use, while admittedly, most of the nearly daily-used ones have been upgraded to pro-grade.