A really poor choice for $1500. If you think this is a great deal, skydiving from 120,000 feet probably sounds like a smart choice to you.
The warranty on the BH T1 Basic is good. Labor is covered for 1 year, parts are covered for 5 years, and the motor and frame are covered for life. It's not usually a good sign when the most compelling part of a treadmill is the warranty.