"My" first bass was a spectacular one: 67 p-bass, refinished in a beautiful tobacco sunburst but it was my uncle's, but when he moved to Montreal, I had to get my own bass (he has a studio and I would go practice at his place). Supposedly that I'm the one who will inherit it, but I'm not looking forward to this day.
I worked hard delivering papers and mowing lawns and finally bought a Barracuda p-bass copy. It was a bad bass (rough frets, baseball neck) with dull tone, but I still loved it anyway and cared for it. I finally traded it in to buy my first serious bass a year later, a beautiful old Lado that I sold because it was way too heavy. That bass was a quirky one, beat up and scratched, but it still had awesome playability and sound. Wish I never sold it...
I went though a lot fo guitars afterwards playing for various bands and I then stopped playing so liquitaded most of my basses, keeping my Ampeg reissue because it was the bass that I always came to.