When it comes to guns, quality and cost are two important factors that gun buyers consider. While some people might prefer to go for a cheap handgun, others might want to invest in a good quality firearm. However, if you are looking for a synonym for a cheap handgun, you could consider "inexpensive pistol," "affordable firearm," "budget-friendly handgun," or "low-cost revolver." Other suitable terms could also include "economical gun," "reasonably priced firearm," or "value pistol." Regardless of what you call it, it is always important to focus on safety and always ensure that you are following proper gun-handling practices.