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Favorite Cheap Bass

Allright, So I have a simple question with this one..

What is your favorite cheap bass you have ever played?

When I say cheap bass, I mean under $600, but it can go down to the $50 dollar special if you like it.

If you could include what the bass was good or bad at, what the tones were like, and whether you thought it was worth the value (which should be pretty easy to meet).

Thanks for Looking

Put as many responses and opinions as you want below
 
I have a Gibson Q-80 that I bought for $ 350 (without case) in 1996. The playability and sound are okay. It is not my favorite bass, but it was cheap and I like to use it a lot. Mahogany body w/ bolt on maple neck. Ebony fretboard, Schaller hardware, the pickups are good.

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With a little guile and a careful hand, you can build a nice cheap Fender/Squier-type bass from used parts and end up with a flame thrower in your hands. I've made some great ones that are uniquely mine for a couple hundred bucks or less.
 
I picked up a Squire Deluxe Active 5 here for $225 to have as a spare. I picked up a Hipshot bridge for $63, added some Sadowsky pickups and a preamp that I snagged here for $200, and now have one of the best sounding basses I have ever owned. While I am making that statement, that is in comparison to basses that cost over $2k, many over $1500, and way more over $1K. This bass is a flat out tone monster. I used it at a large venue last weekend, and two of my buds (both Sadowsky players) said the tone was amazing. Truly, the best $500 I have ever spent on a piece of gear.
 

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