My thoughts would along the line of what I expect back from the product.
Cheap = bargain/accept not going to last to dearer brand names
Expensive = more likely to be a product that will last and I expect so
Trouble is I have some eBay fishing reels I got for the kids four or five years ago, never washed them yet and still as smooth as day one. I also spent $300 on a reel & $70 for some braid which have let me down repeatedly. Reel has been returned twice for repair and replaced on the third time after much complaining and just not the quality I expect.
I have a fridge in my shed that would be forty years old, keeps beer icy cold and freezer for bait etc, sure it frosts up a little but still going strong. Would be on my third fridge in the kitchen in last ten years. Sometimes I wonder if gear was over engineered in the old days and now everything is mass produced to get just past the warranty period.