Dear Greg,
I am going to go a bit off topic here. And I am going to recommend not buying it, regardless of its usability and bargain price. I just got into winter camping. I have done two trips so far, so I am a newbie. One last year and one this year, both at the Perch campsites. Temperatures were -5 & 0 according to the forecast (I actually did not verify this, but they probably stayed in that ballpark). Slept on a single skin tent on a  3/4 Ridgerest and a Regular NeoAir Xlite the first night and the 3/4 Ridgerest and Klymit Insulated Static Vlite the second.
When considering purchasing a zero bag for my trips, I saw that they weight around 3#s, more or less for an 800 fill one. On those trips I slept warm wearing midweight thermals inside my 15 Montbell and my 40 EE Revelation, both 800 fill. I didn’t have to wear any of my additional insulating clothing. I was very warm, no cold spots. I bought the quilt with the idea of using it for both summer and also this purpose, so I sized up in both length and width, so I could drape it over my Montbell sleeping bag. I am super happy with this setup, to the point that I don’t regret passing an incredible deal a couple of years back for a 0 degree bag for under $200 new with 800 fill. I don’t have to store this extra bag at home, and I feel the $200 are better invested somewhere else. So that is why I recommended not purchasing this bargain, as at the time I was a little torn, but now in hindsight I don’t regret passing on my opportunity for that bargain.
I also want to add that I sleep warm, at least compared to my two regular camping companions. How warm? No scientific test for that. But let’s say that I find EN comfort ratings accurate for me sleeping in the intended midweight top and bottom thermals. On those two winter nights, I also placed a 1 liter Nalgene HDPE bottle inside an EMS insulating sleeve at my feet. The water was still warm in the morning.
You have probably heard references to layering bags before on several occasions, so I am not saying anything new… Some people will recommend going with a synthetic quilt to layer on top of the down as a better option, and at 40 degrees, both down and synthetic are rather close in weight. But again, I am a newbie, and I am certain other much more experience campers and mountaineers can share their experiences as well as to the need for a zero degree bag or not. Also consider, that what works for some of us, won’t work for others. Take what I am saying with a grain of salt if you are a cold sleeper.
Finally, if weight and cost are a concern, and since you don’t mind lightly used gear, I sometimes see 0 degree 800+ fill quilts on sale for about $200, which paired with a down or synthetic hood would get you to that temperature rating for well under 2#s.
Now for my next winter camping trip, planning to do it within the next month, I want to try staying in a hammock. I camp in a hammock often in the three seasons, but this will be my first winter hang. It seems like it will be sooooo much easier than tenting :D I have sold my North Face Assault 2, current model. It seemed like a great tent, but it was too short even on the diagonal to accommodate my 5’10” frame, when on top of two pads and the bulk of the two bags, which were touching the walls, and therefore collecting significant condensation (not a big deal for a one nighter, but three may have been a problem…?)
Best of luck!