it sounds a bit high to me, but i'm not in the same market as you. you should check local suppliers as well as online. what about a tig torch, hoses, water cooler, etc. you will need all that stuff as well. if it has it all and is ready to weld, that might not be so bad. if it has an air cooled torch, figure on buying a water cooled setup if you are going to do any real welding with it.
Doug
Doug