Consider this: A $200 balance bike has a resale value of over $100, meaning that the net cost to own the very best is less than $100. (What did that stroller, high chair and car seat cost you?) Compare this with a budget bike costing $60-100 with a resale value of $0 to $25. Not a big difference in net cost!
This first bike is more than just a bike for it's recipient. It's an experience. Make it great!