Even the cheap laminates are durable. What you get with more money is a better appearance, (more natural looking) and better wear on the top coat. You won't go through 8 mm of material in your lifetime, but it is the top layer that really counts. It seems as though many of the cheaper brands don't offer much in the way of trim strip, transition pieces, etc. That may or may not be a factor in your decision.
In any case, if you decide to install it, you need a good carbide tipped blade to cut it.