For your first bow, I would go with used (and no, I don't say that just because I have one for sale). I have known quite a few people that have bought new bows and decided they really weren't into it and were out a good chunk of change. As far as recommending a particular bow, I will not bother recommend a certain one because I think the best bow is the one that feels most comfortable to you. I have a lot of friends that shoot PSE's and Parker's, personally they have never felt comfortable to me. If you do insist on buying new, there are plenty of companies that offer great midrange bows that would probably fit your budget. Last time I was at great outdoors in Stillwater, they were talking alot about the Bears being a great beginner - intermediate bow, but I have never personally owned one so I cant vouch for that.