So what can you learned people tell me about Lima's British outline products. Are they as good as Hornby, Bachmann? Are they still in production? I am favorable impressed with my new Hornby and Bachmann locos, and have see one or two Lima products on Ebay. Would I be wasting my money?
In a word, yes. They never were the best models, although they were relatively cheap, so you were getting what you paid for. Same goes for what you see on eBay - if you see a Lima model you like, don't go silly on the money. The days of silly money Lima on eBay have long gone.
Lima is no longer in production, and Hornby have bought the tooling. A lot of Lima stuff is being reissued by Hornby with various improvements, such as better motors.
Some of the ex-Lima staff have spun off their own company, Vi-Trains. From what I've seen, these look pretty good.
They're certainly an improvement on the old Lima models, but they still have a Lima-esque look about them, and the old philosophy of flooding the market with new liveries ever month or so, seem to have guaranteed that retailers will have to heavily discount these to ensure sales.