I went shoppng for a cheap backup bass yesterday, tried 3 squiers.
The first, a squier contemporary jazz was a dog, heavy, brittle sounding pickups and a rough almost unfinished neck. Hastily handing this back I was given a Vintage modified jazz to try which was almost perfect. I could barely tell the difference in feel from my US jazz. Umming and arring I then tried another vintage modified in my preferred colour scheme and this left a lot to be desired. It was better than the first bass but nowhere near as good as the second. All the basses were made in Indonesia.
I didn't come away with anything on this occasion but it goes to show the need to try before you buy on instruments at this price.