Youll probably get a few people telling you to save a bit more, and then youll have a choice of the LUX or the Ibertal Challenge. Both will be excellent for the classic, and not set you back a truckload. Theres a good review on the Ibertal just below this post, and Im sure there are tons on the LUX (it comes well recommended).
I think the LUX is about $250 and the Ibertal about $300 but check around. $200 is just under the mark for a good new machine.
Another option is eBay, and getting a badboy 2nd hand number, but make sure you can replace the burrs on one you buy secondhand.
Let us know how you go either way, and good luck!