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Beginner bass

I have a ibanez bass that's very old but I don't like the action because it's too high and the tone knobs don't work so I think it's time to buy a new bass. I've been looking at fender/squier jazz and precision basses and I like the sound of them and they are well within my 500€ budget. Is a squier 60s/70s jazz or precicion bass good for a beginner / mediocre player or are there better options under 500€.
 
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500€ at Thomann.
You should try out as many basses as possible, of course, but you won't find anything better for the price.
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I have a ibanez bass that's very old but I don't like the action because it's too high and the tone knobs don't work so I think it's time to buy a new bass. I've been looking at fender/squier jazz and precision basses and I like the sound of them and they are well within my 500€ budget. Is a squier 60s/70s jazz or precicion bass good for a beginner / mediocre player or are there better options under 500€.
While I would never discourage someone from getting a nice Jazz bass, I have to agree with @Gorn, either take your Ibanez in for a professional setup or look for some resources online to make your own adjustments. Whenever I put together a parts-bass, I refer to Fender's basic setup guide, set things up along it's guidelines, then make a few more adjustments to my personal taste.
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A bad setup can make a great instrument feel lousy. When you get it properly adjusted, it might feel a lot better in your own, two hands.

As for Jazz basses, I'm a big fan of Squier's Classic Vibe basses, especially the first-generation ones made in China, but I've seen more than a few really nice Vintage Modified and second-generation Classic Vibes. If you can try one first before you buy it, that is ideal. If you can't try before you buy, make sure the vendor has a good return policy.
 
Welcome to TalkBass,
One rule we have here, no pic, no bass.

My luthier charges $5 for a new POT and $5 to install it.
I agree about fixing that bass.

Then you can buy that Squire J or P, and have two.
I would get a professional setup first before you start setting it up yourself,
even on the new bass.

Post a pic of your Ibanez.

057912
 
I have a ibanez bass that's very old but I don't like the action because it's too high and the tone knobs don't work so I think it's time to buy a new bass.
The two tone knobs are completely broken
Wait a minute…is this more about wanting a new bass (also known as GAS, aka Gear Acquisition Syndrome) than getting your Ibanez setup and running again? Because if that is the case, that's perfectly fine. Ask and we shall smother you with suggestions…and experiences…and pictures…etc… ;) :)
 
Wait a minute…is this more about wanting a new bass (also known as GAS, aka Gear Acquisition Syndrome) than getting your Ibanez setup and running again? Because if that is the case, that's perfectly fine. Ask and we shall smother you with suggestions…and experiences…and pictures…etc… ;) :)
I could try to repair the bass if it's that cheap and it's not about the new bass, it's about having a good bass that I like to play with. So yeah, maybe I should repair it even tho I don't know much about it, but i don't think it's that hard. The tricky part is, when I opened the bass the wires seemed to be ripped out and the Potentiometers where hanging somehow loose. And that was done by the previous so maybe he had a reason he ripped those wires off.
 
Looks like an easy fix on the electronics, but if that bass is a Gio, then it’s time to move on. It’s an ok bass but totally uninspiring, especially for a beginner. And you don’t want your hand to conform to the skinny neck because you’ll complain about Fender and every other thicker neck for the rest of your life.

Ibanez Talman or SR370, Peavey Milestone, or if you are truly committed to playing, any G&L bass because you can’t go wrong there. Get something nice.