I bought my Precor elliptical cross-trainer in 1997 for around $2,800 ... it has been the best piece of sports equipment we've ever bought. In fact, I checked today and we've done 9.2 million strides on it (a typical workout is 3,600 strides, so this is around 2,600 workouts).
I've only had 2 issues with the machine in 11 years:
1. Needed to replace the nylon wheels because they wore out (dirt often gets left on the tracks, this wears the wheels). Precor sent me new wheels for free and I installed them.
2. One wheel's bearing broke (sheared) ... went to a Precor dealer and they gave me two "barely" used wheels for free and I installed them.
I guess I think the product is very well made and supported by the dealer network in a high-quality way. Perhaps this is worth a few extra hundred dollars for a product that has lasted for 11 years with regular use and will probably go another 11.