What model is it? REP8000? $300 isn't too bad actually. I've seen them for around $350 used. They are OK winches but you have to take some things into consideration. The REP8000 is an older winch. It uses a permanent magnet instead of the stronger electro magnets that the higher end winches use. This allows the winch to use less amps when under a load.
In any case it's a decent entry level winch.