Well, for absolute certainty, if I wanted the Precision bass sound for minimal cash outlay I would consider buying the Harley Benton Shorty Precision. A staggeringly low £80+/- new. It sounds exactly like a Precision, it is short scale, lightweight with a slim neck. Because the body is scaled down it doesn't quite look like a Precision, more like a Strat with fat strings. It is a decent bass at any price point up to £500 IMO, the fact that it costs £80 I still find unbelievable.
One of the very nicest Precision basses I have owned is my JV Squier, which I would value at £800. Is the HB as good as the JV? No. Is the JV 10 x better than the HB? Absolutely not. This weekend is my first gig since buying the HB and I am going to use it. I would guarantee in the band context no-one at all will notice the difference between the HB and the JV.
If you tried and didn't like you could move it on for, say, £60! The depreciation for such a cheap bass is practically nothing.