Okay, so I have been following this thread for some time and have finally dipped my toes into the Squier VM P5 pool.
I've been trying to settle on a P5 for about 8 or 9 months. I've gone through 2 Fender USA P5's. I got both of those used here in the classifieds. First one was a beautiful Olympic White but it didn't last long as it weighed 10 lbs and for me the tone was too dark. Next was a light 8.8 lb Black and Maple. I kept it for a while but just couldn't fall in love with the tone. It didn't have the depth I was looking for (which was probably just my technique as the TB'r that bought it from me made it sound great?) When I played it, it sounded kind of hollow despite my great efforts to get it set up correctly.
Both USA basses however did have awesome fit and finish and were easy to set up and played incredible.
So being on a constant lookout for the next one to try, I spotted a used Squier P5 at a Guitar Center near me and went to check it out yesterday. It ended up following me home
After a couple hours of cleaning and a FULL set up with Dunlop Super Bright Nickels (yes it was in great condition but it was pretty nasty as far as cleanliness!) here are my initial thoughts:
It is a crazy light weight which is a HUGE plus. Overall fit and finish is pretty good but it doesn't take a set up as well as it's USA counterparts. It won't take quite as low an action as I would like for it to and has a high fret which rattles pretty bad when playing the 14th fret on the B string. (Fortunately I don't ever see a need to play that high on the B string though

)
To get the action nice and tight, it will take a complete fret level I think. Now the good news. Other than the action being just a touch higher it plays excellent, the neck feels great, it balances perfectly and the TONE IS TO DIE FOR..... just perfectly what I was looking for in a P5 sound wise

Oh and did I mention how little it cost! Amazing what you get for so little money
Only problem is I can't decide whether to spend money on a fret level or continue my search for another Fender or Squier with the tone that this one has????
At any rate, I'm having trouble putting this one down right now because I dig the way it sounds!
And of course, I know the rules: No Pics No Bass
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