VINYL REPLAY: The cost of getting into it?

 Hi. Was wondering what sort of spend would be necessary to get back into vinyl, to at least compete with the quad cdp-2 CD player. I have a croft pre but, maybe stupidly, I only bought the line level version, so I'd need a phono stage and deck/arm/cartridge.  I haven't looked at decks for a couple of decades. Is something like a second hand rega planar 3 a good bet or would it be outclassed compared to cd? Also what would be a good (cheap) phono stage be? I don't want to spend too much initially in case it's a faddy thing for me!

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