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Which low cost basses cut the mustard?

From reading the threads, there doesn't seem to be a consistent view that more money equals a better bass. In your opinion which of the low cost basses (say under $400) that are currently available punch over their price?
 
I have a '73 Ric 4001, a Patrick Eggle Milan five string Fretless and a Palm Bay 4 string that are all middle range basses (I guess ranging between $1500-2000).

I also have a Squier Precision V which I bought on impulse as a backup 5 string, because for £125 ($200-ish), it sounds better than in has any right to. It's a bugger to play because the neck is like the aircraft carrier, but that's good because I use it to practise and it makes me work hard. When I switch to my other basses they feel really slick and easy.

I have gigged the Squier and would do so again without hesitation
 
I have a '73 Ric 4001, a Patrick Eggle Milan five string Fretless and a Palm Bay 4 string that are all middle range basses (I guess ranging between $1500-2000).

I also have a Squier Precision V which I bought on impulse as a backup 5 string, because for £125 ($200-ish), it sounds better than it has any right to. It's a bugger to play because the neck is like the aircraft carrier, but that's good because I use it to practise and it makes me work hard. When I switch to my other basses they feel really slick and easy.

I have gigged the Squier and would do so again without hesitation
 
another vote for squier. Under 400 included pretty much everything they offer that I have come across, and even though there are lemons, there are some darn good ones out there too. If you find any inexpensive bass model that has all the features you want and are happy with the price, but it seems kind of crappy, before you give up on it play another exactly like it and you might be surprised. This pretty much applies to any mass produced instrument, but the inexpensive ones I have found tend to vary the most. I had a squier jazz I got for 120 bucks with a gig bag, strap, and some other crap at a pawn shop that was amazing, found the exact same model in a store when they were new and it played like junk. Wasn't setup, it was just sloppy QC. I would say that 400 bucks can get you into a number of quality basses, espescially used, but I lean to Squiers in that price range jsut because I am a FOF (friend of Fender)
 
There are very many decent-playing, decent-looking AND decent-sounding basses under $400. A dozen or more alone are made by Ibanez.

A quick scan of Musicians Friend shows 115 4-string basses for $400 or less (26 of them for $200 or less) and 27 5-string basses for $400 or less (4 of them for $200 or less).

One of my favorite sub-$400 basses is the Peavey Grind bass. Both the 4-string and 5-string versions sell for $400 or less.
 
Yamaha RBX4 A2, Nice, Light, You can find them online for around $300. Great review by the Bass Whisperer on You Tube.

+1 to this. They were originally priced at 800 dollars but I guess no one is biting so they had to drastically drop the price. Every review I read on the thing were excellent.I've been thinkin about purchasing one myself.

If the original price is faithful to its quality, then this one is def a steal at $300.