A poor quality tool is a pain, a time waster, and sometimes dangerous. A fine tool is a pleasure. I've had plenty of both, so know something about this.
Several years ago I decided it was time to get a table saw. I thought an economy model would be okay, believing I would not be using it all that much. My friend down the road, a master woodworker, set me straight. He stated firmly that I would be wasting my money. Sure, the economy model was cheap, but it was also small and underpowered, and there would be all sorts of frustration. Following his advice, I somewhat reluctantly shelled out the high price for a high-end model. Well, my friend was right. It turns out that my work evolved. If I had bought the cheap little saw, I would be kicking myself hard. Instead, I am enjoying every minute of using the quality machine, and I use it almost daily.
So when it came time to get a large drill, I didn't even glance at the cheap ones. Right move. A friend bought a cheap one for similar projects, and it sits useless on a bottom shelf. It's a toy. Mine flies. Quality tools are expensive, but it hurts even more to spend hard earned dollars on something that turns out to be junk.