I own three Squiers:
James Johnston Signature Jazz (Indonesian production)
Contemporary Active Jazz Bass HH V (indonesian production)
Precision Bass Five (Indonesian production)
You'll forgive me if I can't remember if these are VM or CV . . . .
First, these are built
to a price. You can see the plating might be a bit less lustrous, you can bet they probably aren't CTS or Bourns bits under the hood, the bodies may be a bit thinner, maybe not as much time in the paint booth, etc.
However, there's two other things at work. FMIC rightly figures to scan some primo models, and EMail them to whoever's building them. And from what I can see, their Indonesian subcontractors have learned their role quite well. They are remarkably good basses
for the price.
All three of mine were well built. No fret sprout, wonky lifted frets, nothing. Tone is subjective, but the 'cheap' pickups are fine. The Active Jazz V is loaded up with a modern bass tone, with the ceramic pickups and active tone, and a PERFECT 'piano black' paint job. The PB Five simply sounds like a regular P Bass that goes lower. The JJ JB is a very nice, light Jazz, and I love the LPB paint job. No buzzy, noisy wiring. Get in tune and stay in tune. Not one thing that would tell me to NOT gig with any of them.
I'm in all three for around $1200, a little more with the Fender gig bags I bought for them, which is a LOT of bang for the buck. I think somehow I enjoy them more as they were so relatively cheap. Who knew ? ?
I have no illusions that they're as well-built, aged wood, and hand-fitted as their MIA cousins, or that they're going to put Sadowsky, Lull, et al, out of business. But I can absolutely tell you that my three are solid, gig-ready instruments that so far have not required any work for anything Squier left unfinished or so poorly built that it required immediate attention right out of the box. I only modified the JJ JB for looks, which is what I had in mind when I bought it.
And as hot-rod or resto-mod candidates, there's a world full of Fender OEM and aftermarket Fender parts that often (though not always) are drop-in installation. The JJ mods were drop-in Fender Yosemite pickups, off the shelf white covers and pickguard, and the Aerodyne knobs.
View attachment 4393046
Now, I could go crazy, change out all the keys and bridges, pickups, pots, wiring, etc. But there's no real point in it, as these basses are
sufficient for what they are, I'd lose the price advantage, and honestly, if I need all that, I'd have bought a 'better' bass. But I don't know why I would: For what they are, they're more than good enough.