Hi all. First post here. Hopefully I'm posting this in the right place, so here goes...
Basically, about 3 months ago whilst at my uncle's place (who is a guitar player), he pulled out an old bass he has had for a number of years. He handed it to me and we started jamming and it was great fun even though I had no idea what I was doing at the time. I decided to take it home and have been practising since then. The bass in question is a 'Hondo II' it seems. Links to pics below (although not the greatest quality).
Pic 1
Pic 2
Pic 3
Pic 4
Now you're probably laughing at all that grey tape over it.
Well the cord that connects to the amp (god, I don't even know what it's called), is faulty and buzzes like crazy if not held down in that exact position. Yes, I really should buy a new one. That and a new strap, which needs tape to stay in place. 
Other than a brief Google search, from which I gather that it seems to be a rather cheap, old, beginner bass, I don't know much else about it (such as the year it was made for example). So if anyone has any information they may know about it, it would be much appreciated.
I was thinking of just buying a new bass, but I am also contemplating buying a guitar soon and learning both instruments and really don't have the budget to buy both. However, this bass I guess isn't too bad for my needs at this point in time. I mean, it doesn't have the greatest sound, but I don't know whether that's just because of my small amp/amp settings. Will replacing the strings for example (which look quite old) help improve the sound? Anything else worth doing to it? If the bass is worth keeping, cosmetically it definitely needs some work (for example, the knobs are rusted and look terrible).
Basically, about 3 months ago whilst at my uncle's place (who is a guitar player), he pulled out an old bass he has had for a number of years. He handed it to me and we started jamming and it was great fun even though I had no idea what I was doing at the time. I decided to take it home and have been practising since then. The bass in question is a 'Hondo II' it seems. Links to pics below (although not the greatest quality).
Pic 1
Pic 2
Pic 3
Pic 4
Now you're probably laughing at all that grey tape over it.

Other than a brief Google search, from which I gather that it seems to be a rather cheap, old, beginner bass, I don't know much else about it (such as the year it was made for example). So if anyone has any information they may know about it, it would be much appreciated.
I was thinking of just buying a new bass, but I am also contemplating buying a guitar soon and learning both instruments and really don't have the budget to buy both. However, this bass I guess isn't too bad for my needs at this point in time. I mean, it doesn't have the greatest sound, but I don't know whether that's just because of my small amp/amp settings. Will replacing the strings for example (which look quite old) help improve the sound? Anything else worth doing to it? If the bass is worth keeping, cosmetically it definitely needs some work (for example, the knobs are rusted and look terrible).