I have one made in the 1920's {Great Grandads if you can believe that!}. Its a prohibited firearm and I had to jump through all kinds of hoops to get a 12/7 designation attached to my restricted. I hope the OP has a better time of it.
The gun is the first design {please correct me if I'm off} to utilize a delayed blow back semi automatic. This equates to a much harder hitting .32 {I think they made them in .25 as well}. On a contemporary semi, say a 1911, as soon as the round is struck the explosion begins to send the slide back in its cycle. Savage's 1907 delays the slide, leaving the chamber closed for a longer period of time {not sure how far down the barrel} then the cycle begins. This puts more energy behind the projectile for a longer period of time. Although the sights blow goats balls in my opinion, it is the most natural pointing pistol I've ever held. At 20 to 30 feet I'm in the 10 and 9 ring all day long.
Savage came with several different grip panel options and some of them are now very rare and to a collector could bring the price up a bit. These are the coolest little, very reliable, quickest shooting, most natural pointing pistols that I've come across...but I may be biased, did I mention it was Great Grandads?
Op: I almost forgot, do not try and strip the pistol down with out some youtube "how to" knowledge...there is a trick to doing it and yes, it can be done incorrectly and yes, then bad things happen.