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ESP B50

I have one and I really like it. There are a few things that are worth knowing, though. As it is a budget priced bass, the fretwork isn't perfect and the electronics are just "ok". To me, these things don't matter because I defretted mine and am planning on replacing the pickups and hardware anyway. I got mine as a "project bass": one that I could hack up and experiment with, and not feel too badly if I messed something up. For the money, I feel that it is certainly above any Squire or low end Ibanez. For the price you mentioned, I would definitely buy one. It really is a good value. Good luck.
 
Thank you for the info, bass-shy, I'll go ahead and get it. Is there anything else I should watch out for, given that I won't be replacing much in the immediate future? I'm just starting out and ignorance is not bliss.
 
Well, the stock neck pickup is actually quite good, IMO, but the bridge pickup is unusable. It is very noisy. Also, if you have a chance, you should play a few different B-50's and decide on which one feels and sounds best to you. Instruments at this price point often have some flaws as quality control isn't as big an issue as it would be with $1000 instruments. There are definitely good bargain priced basses out there, you just have to know what to look for. Good luck and welcome to TB.