Well i purchased an AVS 1408 last week for $500.00. It has an Aloris CXA tool holder and a bucket full of tooling. There isn't much info on the net about these lathes. It had a DC motor on it but has been converted to a 3 phase motor. The guy also has a horizontal mill he wan'ts 500 for but i cant see a need for it. May buy it to resell and keep the phase converter for myself!