Thorens TD 125 vs. new cheap TT?


I got hold of an old TD 125 with a (probably equally old) Shure v15 mkII cart. It works, but even my newbie knowledge level can tell that it needs serious servicing. Is this a good turntable worth hanging onto? My budget is very limited, so a new tt would have to be in the $300 range.

If I should hang onto the Thorens, could anyone recommend a good, inexpensive phono preamp and cartridge to go with it?

Thanks for any ideas.
nacnud
If the Thorens does not have any serious damage, keep it.

It's a much better deck than the new $500-$600 belt drives offered (even with the stock Thorens arm).

Check out the following WWW address for suspension tuning info.

http://www.theanalogdept.com/td125_susp.htm

BEFORE you spin any further clean out the main bearing and refill it with fresh oil.

Singer sewing machine oil (the one specifically for sewing machines) is fine/safe to use and it's readily available @ fabric shops.
Forgot to mention:

Go to the site map @ the website I listed. You can download manuals for your deck and tonearm.
Satch--sorry for the late response. I've been trying to replace the original Thorens arm, which is in bad shape. I've just found an almost-new Rega 250 to go with it....