My supplier has a section for returned items and old display stock that is sold off cheap and i usually head there first to see what bargains i can get .
I have picked up a few items like chucks and vises that took less than an hour to fix and cost 1/3 of the retail price .
They simply replace any items returned with a manufacturing fault then chuck it out the back usualy with a tag stating the problem and of course the reduced price .
I have an asian made workshop as buying anything else was just too expensive and even second hand gear would have cost way more than new far eastern made gear .
You can get a decent mill ,lathe and tooling for what they ask for a second hand bridgeport !
As long as you have a close look at what you are buying with an open mind as to what you need , what you would be comfortable with customizing to suit your needs then you can save a large sum of cash .
Things like vises are a real lottery particularily the cheaper machine vises , this is why i purchased a screwless vice and it is excellent.
I have a swivelling machine vice that was supplied with my mill and it needed some work to make it nicer to use but nothing that a few hours of tinkering at leisure didn't fix.
Are we not Model Engineers ?
If so get it on the cheap , make it work and use it !
Ian