I'd look around for a new bow, but a previous year's model. A few years back, I picked up a year old (but new) Pearson Pitbull. Bow was regualr priced at $599, I got it for $250 IIRC. This past summer I found a Limbsaver DZ-30 for $399, marked down from $699. Both are two of the best bows that I have shot.
Many people want the lastest and greatest, fresh from the factory and the dealers are willing to cut the prices pretty well to get the older models out. Just like cars.
Good luck.