@Clark- Buy used. I have over 20 pcs of used machine shop equipment that I use on a daily basis. My shop has been in business since 1964 and the machines keep on turning out A+ quality (due to user) day in and day out.
Colchester lathes hold up very well, Love my Monarch 10ee, I have a 19x96 Cinncinnatti that will cut .0005 or better all day and its 30+ years old.
Concentrated power is not rendered harmless by the good intentions of those who create it.