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Squier Modified

I'm thinking of picking one up, rather than blowing £500 on a Fender..

Well, I wouldn't call that "blowing it".
Nothing wrong with Fenders. Nothing wrong with Squiers for sure. The name on the headstock should be a secondary consideration when buying a bass.
Technically they are Fenders, too. You buy a Squier, Fender makes a profit.
 
You buy a Squier, Fender makes a profit.

You buy a Squier, Fender made a guitar, too. That's why it says Fender under the Squier label. These are genuine Fender designs, built by a Fender-owned company. They simply use slightly lower quality components on less expensive wood with less expensive (not less skilled, just less expensive) labor.

For an only additional 30 quid or so, the CV series are far and away the best instruments Squier makes, much better than the VM series, and (according to many reviewers and my own experiences) actually better than the MIM Fenders.
 
<snip> For an only additional 30 quid or so, the CV series are far and away the best instruments Squier makes, much better than the VM series, <snip>

That's too broad of a brush to use. There are differences, but mostly in the necks, which I find not to my liking on the CVs. As such, that was a big deal breaker for me, although I really wanted to own a CV-P.

The VMs are all well and away above the quality of some of the Affinitys - although that too is by me, a broad assumption leading to my own conclusion.

I own and cherish an older Affinity P that has the greatest neck - but I digress again.

You just can't say that a VM is inferior to a CV unless it is on a case-by-case observation and that's only an anecdote, if you will.
 
Agreed. I can't really say, as I've never played a CV, but I can't imagine them being vastly superior to the VM's, if my two VM's are any kind of indicator. Mine sound, play, and are constructed as well as I could hope for in a bass.
 
Fair enough. I've owned two different VMs and an Affinity, and my current CV is head and shoulders above the build quality of the others. I prefer the Jazz neck, and I prefer rosewood, so the thinner rosewood CV neck is preferable to me. The sound quality is better, too, and is the real deal maker for me.

Is my experience typical? I don't know, and I suppose it was unfair for me to make such sweeping statements based on my limited experience combined with that of every magazine report I've read or watched.