I used to do gunsmithing in college...(yeah...everyone else was waiting tables) and the bottom line is you get what you pay for. That's why I shoot Beretta, Benelli, Glock, etc. I HAD a savage rifle...it shot fine...but it was cheesy. The machining was less than perfect, edges were hard, and the synthetic stock was crap. Replaced it with a Tikka. (SAKO) What you're looking at would likely be a good beat-around gun for screwing off around the house/farm....like my Mauser. (old as dirt, ugly, but functional) Though, you might spend a LOT of time cleaning the action due to hang-ups.
If you can save a few more bucks, get a Remington or Marlin. If you can save a couple more, get a 10/22 everyone here is raving about.
And keep it clean so some poor college student doesn't have to pick the goo out of it!!