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New amp?

If I only had $300 to spend, I would definitely get something used. If you want to be able to hear yourself in a band setting, you're going to need something a little than 125w.

There are tons of awesome deals on ebay right now. Look at the Peavey TNT series for instance. There's one that's practically being given away in New Jersey:
http://cgi.ebay.com/Peavey-TNT-115S...ryZ64397QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
 
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