Feedback on Landice treadmill, please

Hi!
New here, so please forgive if this question has been covered a thousand and
two times! I have an opportunity to buy a Landice 8700 treadmill for
$1100. It has been reconditioned with new belt, etc. I've seen it, walked
on it, and pretty much like it. It's quiet and does not have alot of bells
and whistles which is fine with me - only speed, incline and
stop/start/pause buttons. It will do caloric usage also, but no heart
monitor, which is superfluous anyway to me. It is five years old and will
have a limited warranty (6 months parts, 3 months labor). Just wanted to
see if this is a good deal or not? I will not be running, will only be
using it for walking two to four miles three times/week. DH may use for
running, but only occasionally. We are both normal height and weight so it
will not have undue stress or wear due to that.

Appreciate any feedback you can give or if this is not good, what is the
best treadmill (basic, not with a lot of programming on the 'dashboard')? I
know about the low end ones and will not get those - I'm talking about True,
Landice, Pacemaster, Life Fitness, etc.). I prefer to get one used rather
than new due to their high cost. Figure they're made well enough for
commercial use, one should last through my occasional use.

Thanks!
Thea