In high school, circa 2001, I bought an already discontinued Epiphone Power Bass II at MARS for I think about $150. P-bass body, active(?) PJ pickups, all black everything, no pickguard. Pretty sweet bat wing on the headstock. Looked something like this:
It buzzed like hell but what did I care? METAL! The stock pickups were crappy and cut out all the time, so I replaced them with active EMGs. All the better for METAL! I took it to a Tower Records where Tom Araya and Kerry King of Slayer signed it in gold paint pen, and also drew the band logo and a pentagram on it. METAL! Those are partially rubbed off now, since I kept right on playing it. It wasn't like I had another bass I could play while I put this one in a museum case.
Recently got back into playing and took the thing out after it pretty much sat derelict for a decade plus. Come to find, after a decent setup it doesn't buzz horribly and it's pretty nice to play. It'd look slick without all the gold scribbling on it, but I don't think I could bring myself to try and take that off. Unfortunately I'm not so METAL these days, and the active pickups sound harsh and unpleasant to me now. Also something's wrong with the electronics to where it gets staticky, especially when more than one string is ringing.
I'm 99.5% sure I'm going to buy a secondhand 2015-16 MIM Fender P-Bass I've been test-driving, but a little part of me thinks I should bail on that and just put a set of passive PJ pickups in this thing. Wouldn't cost as much as the newer bass, but I think it would be 100% sunk cost. The Fender I could probably turn around and sell for about what I pay at any time, assuming I don't do anything to uglify it. I think the 20 year-old scribbled-on Epiphone with a brand new set of $150 pickups in it would be worth about $75 on the open market, plus I'd probably have to pay someone to install them.