Jmho needs and wants are 2 dif things . always better to invest in better tooling machines and equipped . esp if they will serve you . so with that said if ya need can afford new and know what you want. than getting better for the investment the commitment, its going to make you money than go for it ! I even do research even on low value item . before you buy anything with a high price tag go next step further and test drive it too.
all personal preference to what ya need want and can afford. yes space too... same in my case. I wanted a functional lathe . anyways IMO in my case used was a better investment. Bang for buck and I got my cake and eat too.
I was blessed and very fortunate to have a lathe in this condition avail at the right time ... What I would of spent on NEW china lathe I was able to get used with more tooling ... to top it off much better quality all around . Quick change gear box , collets Face plate 4 jaw, 3 jaw chucks steady rest .. all Old -seasoned well cared for American made vintage good stuff . Price tag under $2400. that's exactly what I wanted and my Budget allotted for . When this lathe came up I did 72 hours of research , killed the entire day - test drove, fiddled w/machine, for well over 3 hours .
If ya wait research things eventually they will come along . My best friend ( carpenter) called this an anchor weight .. I called it my diamond in the rough . depends on the beholder tho .....what I always wanted
I just bought g4003 I did 3 months online search about what is the best for $$ and I found this;
The old American machine it's great if you buy it almost brand new, but in fact there is none in mint condition, and if you buy SB lathe for let say $2,400 you still need to restore it! It's a lot of work could take you up to a year to finish it if you located in areas like AZ then you are a lone in the desert!!!
Also buying old machine meaning buying somebody else problem...:::
Now come back to g4003; I got it with 10% discount so total include shipping and lift gate $2800
The machine itself have less than .0003
Spindle runout, hardened bed, comes with all 4 jaw chuck and qctp, steady rest, fallow rest, face plate, so you pretty much ready to go right out of the box,
The size is great 1.5 spindle bore 5c collet closer, 12 swing and can go up to 17" swing
Heavier than south bend which is 997 LB
CNC this machine will be a great upgrade!
Also grizzly gives 1 year full warranty
So I believe I did a good choice over the old worn machine for almost same price just almost!!!
Good luck
Oz