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best p-bass for under 300?

A picture speaks better than a thousand words...

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A) push the budget to $400, get the Squier Classic Vibe P.

B) forget the “PJ can’t sound like a P” myth, and get a Yamaha BB or any number of great PJ basses.

C) Get the Harley Benton P bass. Even if you’re in the states, (I think) you can get it shipped from Europe for under $300.

D) shop used, you’ll be fine. Really ;)

Good luck!

I spent a few hours at GC playing every bass they had, all prices, and the Squier classic vibe felt and sounded better than the 1000-1500 dollar fenders they had there. The only other fender I liked there was the Aerodyne.
 
Not everyone know enough about basses to make sure a used one isn't a lemon. I bought a used bass, and it was literally the first bass I had ever seen or touched. I did my homework and checked what I knew to check, but honestly I was lucky it wasn't a wreck because I didn't really know what I was doing other than looking to see if the neck was a corkscrew.

Then, a used $300 bass could be a $400 bass if you have to buy a setup. Also, OP might not be in an area that has a lot of used stuff in that price range. And private party shipping cost on a $300 bass kills the deal.

Used is clearly better on paper... but sometimes you just want to make a decision and have the darn thing in a few days with free shipping. OP should consider used, sure... but if he wants something new, no shame.
To me, “buy used” means taking an experienced friend with you or going to a shop with helpful staff. If you don’t have those things, or just generally don’t feel comfortable- then certainly, no shame.
 
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...Otherwise, the jig is up for Fender (literally). computers and machines can make pretty dang good bases these days, and nothing is more simple than a P bass, so cheap ones are pretty good. just get a modest set of luthier tools and learn how to do your own setup.
Once I saw that Fender was charging $1700 for basses made from PINE!!!! I decided that it was time to start crapping on them publicly...
I don't think the "jig is up" for Fender just yet. They will likely continue selling plenty of guitars and basses with the same designs and different colors long after you and I have left this earth. No doubt plenty of other companies can make a perfectly great P bass, but that brand recognition is a powerful thing.