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The Best Folding Treadmills For Under PS500 If you don't have room for a treadmill, but you still want to get fit at home, a folding model might be the best option. These machines are available for less than PS500 and provide the same capabilities as their more expensive fixed counterparts. Look for a motor that has a high horsepower rating and a console that has preset workouts. Some models can also be connected to apps that let you run through trails and cities or join studio classes. 1. Vi