In that case, your best price/performance approach would be neither vintage nor new, but rather a recent used model in good condition that's about half what a new one would be. Such a 'table would be too new to have the issues I mentioned before. It *might* need a new belt and a spindle bearing lube, but not necessarily. Currently there are a couple of Rega Planar 3 turntables with dustcover and cartridge in the A-gon classifieds for around $450.
08-22-12: Skvintage
Wow! Great responses. Ok then, what about a new TT with a budget of say...$500??
There's also a lightly used Rega P2 with dustcover and cartridge for just $121 over there. That would be a pretty satisfying starting rig with a minimum of fuss. The tonearm on it is worth more than that. You could put a nice cartridge and speed controller on it and still be close to your budget.