Let's be honest, if I was going to be using a tool on a daily basis then I'd want the best I could afford or justify spending on. You can't expect cheap tools to fulfil the job of top notch tools in a professional situation but if they're only used occasionally and not subjected to abuse, most cheaper power tools will be adequate, especially if on a tight budget. Often the limitations are in the hands of the operator rather than the tool in that they don't know how to use power tools correctly.
I've got an Aldi electric hedge trimmer which I've had since 2015 which was purchased as a stop gap due to my regular hedge cutters suddenly letting me down and I needed a trimmer urgently and surprisingly they're still going strong even after all those years of use and I think they cost maybe £20.00.
If and when they decide to give up the ghost, I'd honestly be quite happy to buy the same model if they still manufacture it.
I also have a LIDL multi tool which I've had since 2016 and it's perfect for those infrequent but awkward occasional jobs and while it's not in use every day, it's there if my other tools won't suffice and has been the solution to problems several times over the years so it's more than paid for itself.
The only tools I've had issues with from both companies are the cheap equivalents of the Dremel. I rarely if ever have a need to use one but I like to have a tool to hand should I ever need it and even cheaper tools can save the day on occasions.
The Aldi one failed but someone was using it and not me and he was a bit of bullhead when it came to using such tools so I think he was to blame by forcing it. It worked fine for me but as soon as he started using it...that was it.
The other instance was I brought home a similar one from LIDL and on startup it failed. I should have taken it back for replacement but kept forgetting to do so, so that in essence is my fault. That's not their fault, it's mine for not returning it.
I never bothered with power tools such saw benches, planers etc as I did everything by hand but after I was taken ill back in 2014, the regular use of hand tools was out of the question so I bought a Titan saw bench and planer thicknesser to help me. They're hardly the epitome of refinement but they do the job well enough as long as know their limitations and you wear ear defenders as they are loud.
The planer/thicknesser and table saw have been used alongside my Metabo 10" mitre saw absolutely countless times and have never let me down and I've had them 2015/2016 so they have more than paid for themselves and they are still in good working order as we speak simply because I understand their limitations and don't abuse them.
I've always preferred good quality tools but I'm not a tool snob. I know that if I use them correctly, my saw bench etc will help me turn out work equally as good as using the most expensive machines.