I think 'cheap' guitars are a bit of a false economy really. You know you're more than likely to sell them on one day so you can get a more expensive guitar. This will keep happening until you get a really well made, quality guitar that you know you won't sell on. More often than not you would have lost more money on trading than you pay for a top notch guitar. Just my opinion.
That's really quite interesting, I don't think like that. Thing is, I
never sell anything. I might have to soon, the rate I'm acquiring since January, but that's another matter!
I tend to buy guitars based on what they're worth to me, what I can afford, and whether I justify owning it at the moment.
Eg I bought a Dano recently, and at £165 (I think that's what I paid, might be £175, I've seen them at £150 on the web), once I'd found one that actually played ok in the shop, I regard it as
well cheap. The ones that didn't play were also ok for the small amount of DIY setup that would have been required, but I passed on them a week or two earlier.
The Dano was so cheap that I regard it as: "OK if I get a couple of years' good fun out of it, it's paid for itself in my book..." It can then fall apart, hide in the attic, get given to a nephew, whatever it feels like doing... (unless of course I fall utterly in love and I never stop playing it!)
I tend to regard all my guitars as possessions/friends that are "working off" what I put into them cash-wise, rather than as "capital".
My £550 strat (+ BKPs & scratchplate) has to work a little harder than the Dano, but that's no problem, just watching her across the room makes me happy!
But my £950 Explorer (plus BKPs) has to work her @rse off!! (which is why I was so keen to get the right pickups into her a few weeks back so that I could fall in love)
Whereas my Epi SG, which I bought second hand at least 10 years ago for £110, has gigged, been recorded, done a load of really hard work, and she's really earned her £110... she's been rewarded with Riff Raffs, but I'm not too attached, sooner or later I predict she'll be back in the attic and a better guitar I haven't met yet might have the Riff Raffs (and her Tonepros machineheads!!).
My Epi LP has a similar tale to tell, except she's already been stripped of her Mules (got the Explorer's 500T's) and her Tonepros (got the Tokai Love Rock's machineheads), and she's in a gigbag waiting until the attic opens its gaping maw...
I've got a couple of Variax's gathering dust - somewhat more expensive than I feel they're worth now - but they started me playing guitar again, and they taught me what guitars I actually want, so I'm quite grateful to them.
I dunno, what is "cheap" really?
We pay for what we get, and our enjoyment and satisfaction is, to some extent, based on our expectations, and on our perceptions of how others might judge us...
The expectations are shaped by what we intend to do with it - use it, resell it, etc...
The perceptions bit, well, it's really weird - I claim it doesn't affect me, but it does... eg I felt a bit of a knob admitting above that I paid £175 for a Dano when I know I could possibly have found one for £150. I felt really embarrassed a few months back when everyone was raving about their Bajas, and I thought mine was not much to write home about (but now she's the guitar I play most, and I'm about to put her in for a fret dress or whatever it takes to realise her full potential).
I'd love to play an expensive guitar that feels "worth" it's price to me personally, but I've yet to meet one... I suppose, given the Explorer, that "expensive" to me is over a grand, but "cheap"? Like someone else said earlier - it means I can afford it (and want to pay for it)! :lol:
EDIT: mikeluke posted while I was writing - "value is in the eye of the beholder" - yeah... :D