I am not sure how much that machine is, but I bought a singer and though it served me well enough for 2 years I would not recommend it to anyone. If you are going to spend money on a machine, I would buy a Kenmore from Sears (I just picked one up and the board gave it RAVE reviews). It was $250. If you were looking to spend less than that I would go with a Brother over Singer, I have heard better things about Brother. But having a Singer myself and now using the Kenmore, I cannot tell you how much better it is. Yes my Singer sewed a straight line and did well enough for a few years, but the Kenmore feels like a high end machine in comparison and it only cost me $250.
Rachel