Hope you have better luck with yours than I did with mine! The one I got new from MF was absolutely horrible. The fretboard was so un-even it was impossible to keep it from buzzing either on the top end or bottom end of the neck. Even shimming the neck did not help. The action would have to be so high, it would be un-playable. Than the finish looked like it was done by a monkey. And it just sounded out right bad. For the extra money, the Fender Standard Fretless is far superior.
I was really surprised, the VM Fretless seems very well liked which is why I got one. And previous Squier basses I have played recently were all really nice playing and sound basses. So maybe the VM I got was built by a new guy in the factory!