@talentryto- If you are using a wood lathe for your hobby and not for a job, I think you should purchase a used one. You can find a good lathe that still works well for a fraction of the cost of a new one.
Another idea for saving money on this tool is by purchasing a mini wood lathe instead of one that is standard size. The smaller versions are less expensive, and will do much of the same work as the larger models. Unless you are doing woodworking projects that involve large pieces of wood, you should find that a mini wood lathe will work perfectly for your needs.