As with a lot of things, price is relevant to quality and to how much use you are going to get out of it.
I splashed out and bought a DeWalt cordless drill, purely because of the quality. I've had it over 20 years and it's still working as good as new.
I fully understand that certain Anglers on here fish often, and for them it is worth spending £100's of pounds on quality gear, but because I can't get out very often, I can't justify it. 2 good continental rods, 2 good reels and my tripod have cost me about £150.