Have you looked, or considered, consignment shops? That is often a good bet. Also, since July 4 is coming and leather coats are a bit out of season, check the sales at some of the major department stores. It might not work, but it might. Also, for el-cheapo, I always recommend Building 19.
Also, if you don't find anything there... (being summer) - check out Wilson's Leather. A few years back I bought a leather bomber in July for $99. Good luck!
Costco leather is of poor quality, though, and (ironically enough) overpriced for what it is. Wilson's is on its way out of business--the one at the Square 1 Mall has some great deals left, so that's where I'd recommend going. Yay, leather jackets!
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Pity.