Folding Trailer For $260, Good Deal?

I have an extreme coupon from harbor freight for an 1195lbs capacity  folding trailer with 12"tires for $259.99. Is that a good deal?

I like the idea of a folding trailer; it can be stored easily and customized for different uses.

Hey Skelly
I  also got a harbor freight foldable trailer 3 yrs ago for $199
I modified it from its original state to what it looks like in the pic
 I have had 1, 2 or 3 yaks on it  depending on what I'm doing.
It takes a little thought , time and $$ it can be done.
I used Hully Rollers and modified the front  for support .
10 different people will do it 10 different ways but this works for me.

Scotty