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Matt the outlay for the lathe is just the beginning.
To have a good set of tooling you can spend that much again.
It's like astro gear with scopes and eyepieces.
If you do end up buying don't waste your money on the cheapest thing you can find. There are forums for everything these days. Find a metalwork forum and ask lots of questions there.
From my experience the Taiwanese machines are much better than the Chinese.
Cheers, Kev
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