I highly recommend Schecter guitars. I play at my youth group at church and love my Stargazer 5 , which I got for around $500, but they were discontinued. It holds up easily against the AS Fenders and the Ibanez's.
ALot of good basse sin that price range. For a new bass i would suggest a Brubaker Brute. They start around 600 bucks and are supposed to be same quality as 1500 dollar basses or higher. And when you actually get a better bass they make excellent backups. I've heard some and they sound good. they have quite a few options as well. Youtube 'em. My opinion