A little update on what I've found so far.
There seems to be 0 brand new Lathes other than Chinese ones in the local market and the used ones I've found so far are not in great shape and/or are way too big for my needs.
I just might have to deal with that fact and purchase a Chinese one even though I can't stand the thought of it, it doesn't have to be my last lathe so it will have to do for now.
I've attached a picture of it and after further inspection, it seems to be almost the exact same model as what Precision Matthews call "PM-1440E-LB Precision 14″x40″ Lathe".
Only difference I could find is the fact that it comes factory installed with a DRO, which the one I am referring too doesn't and a 3HP motor instead of the 2HP that comes with this unit.
That being said, the Precision Matthews is also made in China probably in the same factory and costs 7,500$ whilst the one I am considering is selling for "only" 4,250$ with basic tooling.
Seems to have all the bells and whistles one might need such as flood coolant, a work light, a foot brake, chip tray etc.
Looks to be a good value proposition don't you think?