I took up bass in the mid ‘80s as a teen in high school, when I realized how much cooler bass was than guitar. My first guitar was a Hondo, then an Ibanez, then a Kramer with a Floyd Rose. I could tell the difference in quality as a kid. That hondo was garbage. So my first bass shopping experience at 16 years old I went and played all the instruments in the local stores. We had a rich music community, and a lot of stores, and I just looked for ergonomic comfort. My first bass rig was a guild pilot and a GK 400RB and a 4x10 cab. Pretty high end for a 16 year old. I worked at least 600 hours to save for that gear at my supermarket job.
I then started getting curious. Got a great deal on a Ricenbacker. Hated it. Moved into a pre-Gibson Tobias. Loved it. Played it for 15 years. Tried new things from time to time, kubicki, Bolin, pedula, Ibanez, but these were all backups for live gigs. Nothing pulled me away from that Tobias.
When I started getting curious again, it was 2007, my Tobias had been destroyed, the others long sold off, and I bought and sold continuously in the classifieds here at talkbass. Went through a LOT of Basses. Modulus, more pedulla, several used customs, and then discovered Bordwell. Went through every 4 string Bordwell with frets that hit the bst over an 18 month period. That’s my only bass now. A single Bordwell, the first one I’ve ever bought. After living with it for 12 years or so, 8 of them actively playing, I finally know what I want in my own custom bass. Or I think I do. And I’m doing my first custom build. I’ve been playing 35 years.
So in the ‘80s, MIM fenders sucked. MIJ Basses were just becoming viable. Getting a decent bass cost about then what it does now, and that money was worth more then than now. My pilot was $700 in 1986. My car was $1100 for a used Honda Accord that lasted 80,000 more miles.
Now a days, for less than $700 you can get a perfectly serviceable bass that will take a good setup, be reliable and sound good in a multiple of styles. There’s no need to spend more other than it brings you joy. Find a comfortable instrument, pay a good tech to help you tweak it to your liking. And play it a lot. It takes a while to learn what you really like. It took me forever to realize I needed nickel wound strings not Hi-beams. It took almost as long that heavier gauge strings resulted in higher tension and could get lower action without buzzing, and would keep me from digging in to hard and be more gentle on my right hand. It took no time at all to learn that I like 1.5” nuts but thicker necks. And 5 or more strings are not for me. I like frets.
When you know these things, then it’s time to consider a custom, but as you’re on that journey, there’s no wrong time to play a high end off the shelf bass, especially used.