My first bass was a Legacy PB400. I got this in a pack with my first amp by the same company, along with a load of cheap **** I never used like a random DVD, picks that snapped after about 6 strikes and a strap that had less grip than water.
The bass itself wasn't too bad for what it was (a Chinese made P-bass copy). Problem was that I only had it for 6 months and it got pretty abused in that time I had it, without me doing much to it.
Always issues, whether that be the pickup sinking, or actually detatching from it's casing (I remedied this by sticking it back in the case with chewing gum, high school tables teach you much), bridge saddles rusting up, paint scraping off from the back, pickguard screws popping out, tuners, inputs jack and nut coming loose. The neck was pretty ****ing wide as well, and the sound wasn't much to write home about as well, all too often it'd get too muddy, and the single tone knob didn't do much to bring more treble into it.
All in all, it was a good learning experience to appreciate higher end stuff, and gave me a good idea of what I wanted in a bass (Slim neck profile, lighter, smaller and more comfortable style, mids and treble based sound) and I'm now using my Spectors Legend 4 Classic and Rebop 5 DLX FM. Both basses I'm incredibly satisfied with, and will probably have for a long time to come, whilst adding to the collection with more Spectors.