So... I needed a cheap 5 string for a studio project (I haven't actually owned a 5 string bass for almost two decades). I decided on the VM Jazz V. Mostly because the price was right. Ordered it unseen. Natural finish. It turned out to be kinda quilted!

Really beautiful if you're into that kind of thing, huge disappointment if you wanted the natural finish 70s vibe. And I think most people going for this bass with the natural finish and black block inlays would want that 70s vibe, not something half-way into coffee table territory! I'm not sure what happened at the Squire factory there... I guess it looks more "expensive" with the quilted look but it really says something about Squire's QC. Beautiful as it is, it should never have left the factory as a "natural finish" J-bass. It doesn't look anything remotely like any pictures I've seen of this model. The color even has a slightly more reddish glow to it, due to the darker areas of the wood pattern.
The neck/body/hardware was more or less as expected. A couple of rusty frets. And worse, a couple of BUZZING frets when I tried lowering the action. Not TOO bad though, I got it more or less where I wanted it to be. Pretty decent for the price but perhaps slightly below what I've come to expect from Squier. All my other Squiers are Classic Vibe though. The neck felt a bit uncomfortable but it's been a while since I've regularly played a 5-string so that's probably to be expected. I'm used to rather wide necks though as my main instrument for the last 10 years or so has been an AVRI '57 Precision.
The B-string wasn't particularly good to be honest. Very floppy. A bit better when I changed the stock .125 for a .135. But not a lot of sustain on the 1st to 3rd frets. It's not horrible, works great for what I needed (aggressive grooves rather than smooth sustained notes) but I would consider something else if long sustained lower notes are required.
But then comes the best part: The pickups! Or I should probably say pickuP. I'm really a P-bass guy so I only use the neck pickup on J-basses. I can't stand the sound of a J-bass bridge pickup, solo'ed or blended, so I can't possibly comment on them. They all sound horrible to me! Everything written below is about the neck pickup ONLY!
And what a neck pickup, WOW! This is the dirtiest and most aggressive sounding J neck pickup I've ever heard! And I've owned quite a few over the years. I absolutely LOVE it! This is the newer "Fender designed" pickup, not the older "Duncan Designed". I read a few comments that the FDs are bright (and also that the older DDs are dull...). Well, this FD neck pickup is certainly not in the smooth cathegory! But I'm not sure I would call it extraordinarily bright either. But then my favourite pickup is the '57-style P so I guess my preferences are towards the forward/aggressive side of things. I guess it depends on what you compare it to. It's certainly not bright compared to say a Stingray. But as far as J-bass neck pickups go... yeah, definitely on the aggressive side of things. Actually, it's not that far from my AVRI '57 P. But it's dirtier. A LOT dirtier when digging in!
I've been buying and selling a lot of J-basses over the years. I always end up selling them because I miss the lower mid punch of a great P-bass. But this one... It's got a lower mid punch that I can't remember EVER hearing from a J-bass before. And it's pretty tight too, not the muddy mess that some cheap basses deliver in the low mids (hello Ray4

). I was really surprised at this. So much that I took it to my studio and did a comparison with my AVRI '57 P. The neck pickup on this cheap Squier J-bass actually sounded fatter than the P when listening to the basses solo'ed. Now there's something I've never heard from a J before! Admittedly the '57 still fit slightly better into dense mixes but they had a surprisingly similar tone. But the J was considerably dirtier when digging in. This Jazz neck pickup is without question the closest I've heard to a (57) P-bass ever. It's not even remotely close to any other Jazz neck pickup I've ever heard. Or perhaps mine is just incredibly out of spec, like the finish?????
I'm extremely surprised that I liked this pickup so much. On EVERY other Squier I've owned the pickups have been the weakest link by far. In fact, I've changed the pickups on ALL of my Squiers except this one. It got to a point where I almost did it by default, just assuming they were crap. But this one will stay! The rest of the instrument is average at best but I absolutely LOVE the (neck) pickup! I'm seriously considering getting a used Fender 5-string and put these Squiers pickups into it! And then I can sell the Squier with "upgraded" pickups.
The bass is really quiet with the neck pickup solo'ed by the way. No issues with noise whatsoever in a studio environment as long as I take reasonable care. I haven't tried it on stage though (and probably never will because with the projects I'm involved in I would probably be laughed off the stage if I showed up with a quilted maple 5-string...

).
Even with all it's issues and quirks, I LOVE this bass. It's not perfect but it's incredibly FUN to play. And that's what it's all about, isn't it? Probably the first J-bass I'm not gonna sell. At least not for a while.
(Plus it's great to see some weirdness in the Squire range again, they were almost getting boring with all the excellent CVs

)