In the UK it's common to get long warranties on quite low price things --
a 3 year one on a 20 quid cordless drill. But they don't repair them if
they
go wrong - just give you a like for like replacement or your money back.
Perhaps that's why such things cost about twice as much as in the US.

It's usually the other 'way round -- products cost less (for whatever
reasons) in the States. I bought a nice name-brand 12V cordless drill for
$20 at Home Despot last Christmas. Hardly pro quality, but fine for light
home work.