A buddy bought a small Chinese lathe for $500 or so. Immediately began to lay out money for tooling. A few months later I purchased a 13X72 South Bend for $750. It came with an almost new Bison 3-jaw (and receipt for $500), a 5c collet closer, collets and more misc tooling. It simply ran circles around the Chinese lathe and similarly outfitted was actually cheaper.