My Parents bought it, I think they paid around 1200 for theirs. But it is great for toning up, easier to keep up with the with free weights, doesn't weigh a ton(movement wise), and is safer. I don't think its for everyone but for quick overall workout, I haven't found anything better. This is compared to the gym we have here at school and the one I had at HS.
But no I don't have anything to do squats on mine I don't think.