I agree with everyone else, run far far away from it!!!
With saddles you so often get what you pay for. Cheap saddles often put your leg in the wrong place, hurt your horse's back, hurt your butt, fall apart, and look like crap! I know there are some really great off brand saddles (I had one for 12 years!) out there but so far all the saddles that my students have come to the barn with that were "a great package deal" or from the pawn shop or from some auction have been all the same. If money is the biggest issue I would very strongly recommend waiting a few more months, saving more money and getting a good quality used saddle. www.tacktrader
have some good deals. I've found some fantastic saddles at great prices on ebay, but you do have to be careful with that. Good luck!