Hi Luis I used to have a lathe, I spend a lot of time on it, Nova is a good name brand and kind of middle of the road as for cost, I found where all the money goes is not on the lathe but on Chucks face-plates gouges parting tools the list goes on and on your finishing products like sanding discs sand paper up to 600 grit like I said the list goes on and on, the next problem for me anyway was getting good turning wood but then I didn't live in a hardwood area so it was expensive to buy, and last but least the mess it is extremely messy. That's the bad news the good news is once you get in to it you'll fall in love with it. It seems like once you turn on the lathe the motor is your music and its you and your lathe and the dance begins when you get into it you'll understand ,what I mean is, the act of wood turning is like a dance your whole body moves with your chisel believe me you'll lose sense of time and everything I have talked to a lot of turners and have found the same myself its almost Therapeutic, If I would come home from a stressful job at the end of the day 1 hour of turning would relax me totally. Anyway a great hobby enjoy. If you need to know anything else drop me a note glad to help
.../Hans