A little history first beforehand. Before I received my first bass almost three years ago, a friend of mine let me borrow his Fender Precision to mess around with. Considering the electronics weren't working, I never paid a whole lot of attention to it till now. From what I have been told, it's an American 70"s era Precision. I brought it to a local Fender guy, who said he would pop the neck off and tweak the truss rod to straighten the neck and take a look at the electronic issues. He also said that at some point the tuners were replaced with Schaller's for some reason. So, it is some what of a mystery bass. I have always had a thing for that Fender "P" tone and was considering one or at least a variation of one for my next bass. (The new PJ Mustang has really caught my attention as well.) Anyway, after taking a liking to the classic roadworn Fender offerings, I was thinking maybe I could create my own. My friend offered to sell me his fender for $400. He had bought it back in the mid 90's for around $750 and never took a liking to playing bass. So my question is, is it worth $400? If so, would it be a good choice to upgrade with new electronics and hardware? I would be looking for that worn look, kind of like you would see on Fleas new Jazz offering. Your thoughts please.