Question; good deal or waste of money?
Answer; yes!
Benefit of buying an older lathe is that you get to know it intimately as you clean up, fix, etc
But you don't necessarily make all the chips you want right off the bat.
Fair price really depends in large degree on location. You may have gotten a better lathe at that price in a tool-rich environment, but would have expense of travel to go get it or shipping cost.
Yes, you hate to overpay (not saying you did), but keep in mind that having a lathe is better than not having one. And if I had minimum wage for every hour I've spent scouring for machine tools, I'd have been able to afford a decent new one. something to be said for just getting one and starting to make chips.
Answer; yes!
Benefit of buying an older lathe is that you get to know it intimately as you clean up, fix, etc
But you don't necessarily make all the chips you want right off the bat.
Fair price really depends in large degree on location. You may have gotten a better lathe at that price in a tool-rich environment, but would have expense of travel to go get it or shipping cost.
Yes, you hate to overpay (not saying you did), but keep in mind that having a lathe is better than not having one. And if I had minimum wage for every hour I've spent scouring for machine tools, I'd have been able to afford a decent new one. something to be said for just getting one and starting to make chips.