I have had this machine for probably 10 years and it great for FMQ. Has the needle threader but never use it. One thing you should know is it loves its rehular drinks of oil! I bought a speed control since its such a speed dmon. Make sure you gt the knee lift tht goes wIth it. I also think $500 is high. You can get a brand new one for $599 at allbrands.com. I love the pin feed feature.