You might look around a bit. Elderly is not the least expensive place to shop for an instrument. I checked with my local guitar shop and he can beat that price so I suspect you could do the same at a smaller shop or on the net.

Played one once and it was a nice guitar I thought. Been a long time ago though. If this is for a new player you might want to look at the Seagull (sp). I was pleasantly surprised at the tone and volumne for the price.

Steve