No! I had this machine, the skeleton is made of iron (the black colored parts), it completely rusted away for me in a couple of years. Very bad design decision on Rancilio.

100% stainless steel or bust.

Good machine, and you can upgrade it with a PID.

And you will have enough money left over to get a great grinder.

I am being told by my local coffee geeks that it's Gaggia

I've bought Corollas for less than that ...