Some things do get better with price (in general, there are plenty of individual exceptions that I won't waste time going into). How the neck feels in your hands. How reliable the wiring is, how well the strings stay in tune, how easy it is to set up and stay set up just how you like it.
Generally speaking again, I think there's a point of diminishing returns somewhere around the $1000 mark. I have a ~$400 Squier Telecaster guitar and just got my kid a $200 Squier mini strat, there's a clear difference in quality between the two. Most of my basses were in the $700-$900 range when I bought them new, they're all solid workhorses without a lot of fancy bells and whistles. I've also got a Rickenbacker 4003 that cost me just over twice that much. Is it better? Yes, in some ways. Is it twice as good? Nah. At some point you are paying for prestige and looks or for special features that you may or may not ever use. But down near the bottom of the range, you typically get more bang for your buck.
Generally speaking again, I think there's a point of diminishing returns somewhere around the $1000 mark. I have a ~$400 Squier Telecaster guitar and just got my kid a $200 Squier mini strat, there's a clear difference in quality between the two. Most of my basses were in the $700-$900 range when I bought them new, they're all solid workhorses without a lot of fancy bells and whistles. I've also got a Rickenbacker 4003 that cost me just over twice that much. Is it better? Yes, in some ways. Is it twice as good? Nah. At some point you are paying for prestige and looks or for special features that you may or may not ever use. But down near the bottom of the range, you typically get more bang for your buck.
