A friend of mine and I were having a discussion and we both agreed that there is virtually no reason to buy on of the el-cheapo pot metal Saturday Night Specials anymore.
There is a difference between cheap and inexpensive IMO. A neighbor of mine had a Jimenez JA9 and that thing was a real POS. The firing pin broke after about 100 rounds he said. Visible tool marks on the outside, finish was bad, ergonomics of a brick. Even the magazine was poorly built. The QC is truly terrible.
When one can buy a Tanfoglio Witness or a SAR BP6 in the $275 price range, why would one choose one of the pot metal guns. Looking on Armslist I've seen used pistols for decent discounts, one can also get a police turn in Glock. Many choices. I regularly see Ruger LCPs brand new for $200.
I'm not a gun snob, but just a lot of those SNS guns are real crap.
It just depends. I actually have a certain respect for Hi Point. They're not the best gun in the world, granted, but they work. It provides an option for those on a budget, at least temporarily, until they can save up the money for a Glock or whatnot. Think of a single mother on minimum wage, living in the ghetto with small children. Let's say something happens that forces her to get a gun right now, like a death threat from her ex or unwanted advances from a neighbor or something, a break-in next door, whatever. The Hi Point allows her to get a gun that day and still be able to buy food.
Speaking of the LCP, and it's wonderful new low price, I have a gen 1 LCP and one of the new ones since they lowered the price. The gen 1 is a solid little gun, never had any problems with it. The new one, however, is a piece of junk. The magazine doesn't catch right, and it won't lock unless you push up first, then push it forward. The magazine that came with the gen 2 LCP is also of conspicuously lower quality. The original mags said Made in Italy. These new ones say Made in America, and mine only takes 5 out of 6 rounds and still locks. I called Ruger about these problems, and they told me that the gen 2 was "designed that way." But I digress...
My point is that some of the "respected" guns going for low, low prices aren't any better than the saturday night specials. I would take a Hi Point over an LCP at any price. At least I can count on the Hi Point to go bang when I pull the trigger. IMO, the original Kel Tec is probably better than the LCP nowadays, which is a tragedy. In turn, some of the value prices guns might no be all that bad. Canik comes to mind. I don't have one, but I've heard good things. SCCY is another I wouldn't dismiss out of hand.
I don't have any experience with other brands of suspect quality, so I can't speak to them. From what I've read, though, they're really hit and miss. Some work, some don't. And the ones that work out of the box might not work for very long. There's also a debate as to what constitutes a saturday night special. I would lump Taurus, Kel Tec, and Charter Arms into that pool, and other would vehemently disagree.