I recently purchased a futon from Wal-Mart for about $200 plus tax, for my library. I wanted somewhere to get comfy while enjoying this beautiful room in my house.
Well I was intimidated by the three flights of stairs leading upto my library. So I leaned towards the futon possibility.
The futon is constructed of wood and metal, and has a nice tan 'mattress'. It was insanely difficult to assemble, I am not embarrassed to admit it took us 2 days... I am mostly happy with the futon, and I feel it was a good bargain. It looks awesome in the library. It is pretty comfortable, and a fine spot for lounging with a good book.
The futon is staying up there, there is no way I would want to take it apart to remove it!
For the price it is a great futon. I looked at several other styles, and none of them are anywhere near as nice as the one I bought at Wal-Mart, so all in all I am a happy shopper!