Another reason people buy cheap multitools is that if you want a pliers-type multitool, but your country forbids locking knife blades - like the UK - then your options are very limited.

As far as I know, there are no full size Leatherman multitools with non-locking knife blades. My Leatherman Wave stays at home, because it has a locking knife blade. There used to be a non-locking model called the Leatherman Kick (I have it) but it’s been discontinued.

I’ve also just ordered a Ganzo G104 to try, because I’d rather risk having a policeman mistakenly confiscate a £10 G104 than a £50 Leatherman Kick.

I’ve no idea whether the G104 is any good, but Banggood are doing a promotion on it until May 31st for £9.39 (about $12.50) if anyone’s interested: