A Babylock Serenade should cost you $1300-1500. I bought 2 of them at the same time (one for me and one for DD)shortly after they came out in the spring, and paid, I think...either $1225 or 1250 @, can't remember which. BUT...I have a great dealer whom I'm on first name basis with, they know me well and I'm a very loyal customer! But I think $1500 should buy you one. Be sure to tell them to sharpen their pencil!