I concur on both fronts.
Might I suggest you check out thrift or second hand stores?
I have a collection of old aluminum cased power tools made in the mid 20th century in North America, and I think the most I paid for any one of them was $12 CAD.
They look amazing.
You can take them apart quickly and easily if you need to re-grease them.
You can re-wind the motor if you somehow manage to short it out.
They don't need a warranty, as they have proven themselves over the past 50+ years already.
Etc.
We've made a LOT of quality products over the years, many of which make their way into thrift stores sooner or later.
Paying 10% of what something would cost brand new, and getting quality that is typically 10x greater than the brand new version is a steal imho.