Borris.... I disagree with your auto analogy. First of all BMW does not make Ford..although Ford owned Jaguar at one time.... Squier IS a subsidiary of Fender. A clearer analogy would be Lincoln vs Ford; Cadillac vs Chevy.
I own a Rickenbacker also and I would never compare any Squier to any Rickenbacker, nor would I compare my ZON to Squier.
OK..So you drive a BMW..I used to own a VW Bus, which was pure GERMAN crap; "Hitlers revenge". Now that would be a more fair anaolgy than BMW to Ford. So what kind of bass[ es] do you own..Better be better than Zon, ACE.
Again.. BMW is more for the illusion of prestige when compared
with other autos of like heritage; FERARRI...or Corvette, from a driving perspective; check used prices or collectibility of either over BMW.
END OF DEBATE! [ And I thought I would never lower myself and enter a flame war..JEEZE...]
Not to prolong this (ok, maybe a little) but the orginal question is whether there is a significant difference between Squiers and Fenders. Obviously that's not a very precise question because there are a few different levels of Squiers and myriad of different levels of Fenders. Then, we started talking about the American Standard, which most consider the flagship of the Fender line. Then, you said this:
"If a new American Standard 4 string Precision is @ $1,149 and a new 4 string Squier Precision is @ $179 then the main difference between the two is @ $970.
Functional differences are minimal other than difficulty spelling Squier..LOL..."
I just don't see the accuracy of that statment. So, flippantly, I mentioned the Ford v. BMW analogy. You can claim the only difference is price since they will both get you where you want to go, but the reality is there is a reason that one is more expensive than the other including features, build quality, fit and finish, reliability, and yes - even "brand name," etc. (don't really want to debate specific car brands, it was just a simple analogy and I'm not much of a car guy). From a purely academic standpoint, if the only difference between an Am. Std. Fender and a Squier was the price, we would have all figured it out by now and Fender wouldn't be successful selling the higher-end models.
So, to answer the original question, yes, there are differences. There are more differences as you move up to the Am. Std. than the lower end Fenders. And there is a psychological component to owning a Fender over a Squier (yea, I know some of you like to proclaim you don't care what name is on the headstock, but I feel no shame in admitting that I do and that it's a fact of the music world). I also take pride in saving up for things I know deep down I really want and not feeling like I compromised.
Two final things. First I wasn't comparing the Squier to my Lakland USA Joe Osborn or Glaub which are superior in every way to even my American Standards. I was answering the orignal question.
Second, I don't own a BMW!