If you don't think your MDX40 is up to the task, you'll very quickly find a 3040 is even less up to the task. The only metal cutting machines your going to find under $1000 are cold metal saws and metal cutoff saws.
Anything CNC related is going to at least be closer to $2000, and at that price more than likely still won't be suitable for your workload.
cheers, Ian