Posted by coggy on 20/07/2019 22:24:55:
Posted by magpie on 19/07/2019 23:01:15:
Are you suitably confused now Coggy ? 
Yes, the whole which lathe to buy is confusing and frustrating, just as well I'm a stubborn bugger (at least that's what they tell me) or I might have given up months ago, Thanks for all the advice so far all a great help to getting me there in the end.
Life was much simpler for Model Engineers buying a lathe 40 years ago. The Myford 7 offerings stood head and shoulders above the opposition, better made and more versatile than other hobby lathes and above all they were affordable. Plenty of bigger and better lathes were available but almost no-one could buy one new for a hobby. Second-hand, they were mostly bad news – in production they were thrashed, and only sold when beyond economic repair. And when you got it home it needed 3-phase power, which wasn't cheap or easy to provide. Buying a Myford made complete sense.
Today the world has moved on. A second-hand Myford could be 70 years old and be in poor condition. Younger models will have been abused, dropped or stored badly. Some will have had three bed-regrinds and be end-of-life. Others will have been carefully maintained by owners doing light work only. Every so often one will pop up as new in it's unopened box. Because Myford are highly thought of, prices are high. This attracts the dubious side of human behaviour; botched refurbs, lathes assembled from cannibalised parts, forgeries, and other dishonesty.
At the same time two other developments squeezed Myford out of business. First, Far Eastern lathes are available for less than half the price of a Myford, and they often come with a full set of accessories. Much more choice, they are available in various sizes. Because they are new, consumer protection applies, making buying much safer for innocents. Availability is generally good, so you can have one now, metric or imperial. Second, and perhaps more damaging to Myford as a business was industry switching to CNC. This led to large numbers of high-quality machines in good condition being dumped on the market by industry and education at very reasonable prices. First class machines provided they will fit into your workshop and 3-phase is no longer a major problem because of the VFD revolution.
Myford (the business) were caught between a rock and a hard place.
The thing I regret most about choosing a lathe was the time I spent dithering! In the end I bought new Chinese with the intention of upgrading to an ex-education machine, or perhaps a Myford, once I knew what to look for in a dud second-hand lathe. As it turned out, Chinese equipment has done all I wanted of it. I was offered a Super 7 recently and declined, partly because it was Imperial, and partly because its small compared with my Chinese machine. (Unless you're only doing fine work, big machine tools are generally better than small ones.)
But my reason for owning a lathe is I want to make things. Provided they work I'm not particularly concerned about the 'quality' of my tools, nor do I want to celebrate the golden age of British manufacturing. Others – and this is important – take pleasure from owning and using good tools. Where you live makes a difference, I'm in SW England and rarely see second-hand Myford's on sale. The Midland's appear to do much better.
All this makes buying a lathe a bit of a minefield compared with yesteryear. I decided buying second-hand was too risky for me at the time. It was easy to do, and – if the lathe was unacceptable – I could send it back. There would be hassle but I wouldn't lose a lot of money. In contrast, buying second-hand is much riskier. There is no magic in the Myford name that protects their lathes from wear and tear or worse. On the other hand many Myfords are carefully cosseted and are in excellent condition. But how do you know?
In the end only the buyer can decide what he wants, his budget, and his risk appetite! Apart from good luck or defrauding a widow, I don't know of a cheap way of buying a Myford in good condition. As coggy has (almost) come down in favour of Myford, I recommend going for it. It's time to cough up the cash and take the risk. If anyone wants a Myford, they are out there. Buying refurbished from Myford themselves would de-risk the transaction, the only down-side is the cost, and they do keep their resale value.
Dave
Edited By SillyOldDuffer on 21/07/2019 11:59:35