I'm saving up to buy a loom. A good used one can run anywhere from $300-$800, depending on what kind of deal you can find. I have over $400 socked away in my loom account, all earned by sales of my Christmas book over the holidays. I make $0.35 per ebook, and $0.22 per paperback. I sold somewhere around 1200 books over the holidays, so, yea, I'm on my way to a loom!
I'm hoping to find a good loom, at least a 40 inch weaving width, hopefully with a bench and some yarn thrown in. I don't want to pay more than $700, and I want to be able to drive to the seller and to pick it up. I'm willing to go anywhere in Ohio, and the parts of neighboring states that aren't too far away, and probably the closer parts of Maryland, too.
I'm happy about my book, and I'm happy I'm on my way to a loom!