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Ibanez SR505

They are are superb basses with a thin and fragile poly/stained finish, which hurts resale, but that means you can find great deals used. A lot of people strip them down to raw mahogany and refinish with Danish Oil or Tru-Oil because they are otherwise great basses. The neck is very comfortable for people with small to average hands, maybe too thin if you have bear paws. I thinks it's the best value in a 5 string out there, high build quality, well balanced, good electronics.
 
I picked one up the other day and was amazed at how easy this bass was to play. Especially for a five string. Super light, string spacing was perfect for me and the tone of the Bartolini pickups was great. I have a 4 string Ibanez SR400EQM. I love it. I actually removed the active electronics and pickups and installed Bartolini passive soapbars. Sounds way better in my opinion. Not a huge active fan. I agree. Buy a used one. Unfortunately, Ibanez guitars do not hold their value. But definitely a great instrument.
 
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I bought a used SRMS800 which looked like brand new at my local GC which goes new for $960 for $450 out the door about 3 weeks ago and it also came with the case. Dont hesitate. The SR505 is a great bass. You could do a lot worse.

This is what I have. I love it.

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I bought a used SR505 a few years back so that I would have a decent 5 string fretted bass. I got it on the GC used site for under $300, and it's a great instrument. It's beat up, but that makes it look cooler to me. It plays and sounds very, very nice, and it matches the feel of my Ibanez Portamento 5 string fretless (my main gigging bass) very well. If you like the string spacing and slim neck feel of the SoundGear 5s, a used SR505 is a great value imho. Yes, they're known for a more modern tone, but if you solo the neck pickup and back off the treble, you can get warmer and more "vintage-ish" tone from it as well.
 
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I've been looking at investing in a 5 string bass guitar, and after doing some research I've decided on an Ibanez SR505.

Does anyone have an Ibanez SR505? Would you recommend getting it? Or should I invest in a different 5-string?
They dont sound half as nice as the 605s. I had a 605. I just sold it. It was a great bass. The difference is that the 500 have an Ibanez pre-amp, and the 600s had a bartolini pre. World of a difference. Look into the higher numbers, and see what you can find as regards to the electronics and hardware used. You wont find a 605. They stopped making them the year after I bought mine, and started making 650s (PJ set up). But, I wouldn't buy a 500 if I were you. The guy I sold mine too, was selling his 505 on the same site. He came over and tried mine. Played it for about 5 minutes, and offered me a little more money than I was asking for it. That tells me that they really aren't very nice.