I got a deal and only paid $150 for mine new. It does make a lot of noise if you are going at it pretty hard. I weigh about 180, but my wife is about 140 and it makes a lot less noise with her. I use it 2 times a day and she uses it 1-2 times a day. The squeeking can be easily fixed...the metal bar comes apart by the blue plastic (2 bolts) all you have to do is separate the metal bar, throw some grease/lube on it and you are good for a while. There are a few different exercise options ranging from 20 minutes to 45 minutes per work out session, or you can do a "free style" work out. ...
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