Well, I have said it before, quality is key.
Try it, see how long they last, checkout the nice old hostrail aka fail the last few weeks.
By what I see, the plans could be looked at as a very similar price tag.
In my honest view, I would not touch it for anything serious, never.
Paying low will just cause you a big problem, and that is FACT, unless you use mass scale budget providers such as burstNET and so on.
But for Companies like that, no.
They most likely rent hardware or possibly do own it, but even at that price, 2GHz CPU power for 5 bucks, dam, if all users max out their usage, would love to see it survive.
Oversold, totally.