Does a pricey treadmill really save money in the long run?

I’ve been comparing treadmills and the price gap is huge. I found a Costway folding treadmill for under $200, while high-end brands go for $1,000–$2,000.

Honestly, I feel a treadmill that lasts 5 years is already the max most people get. Does paying 5–10x more really extend lifespan enough to justify it?

For anyone who’s used both budget and premium treadmills: do you think it’s worth splurging, or is a simple, affordable model good enough for most of us?