Lets hear about those cheap guitars you guys play.
I've got two i really like:
1. A 3/4th scale Rok-axe Rap-3. I got it as my second guitar in 2004. In early 2006 I put a Dimebucker in it (burned two pots with a bad soldering job, so no volume or tone) but it sounds good. Due to the short scale and fast neck it is really easy to play, so I use this guitar for writing a lot. I boght from a pawn shop for 75$, and don't remember what I paid for the Dimebucker.
2. ESP LTD M1, which I got about a week ago. I saw an M-series guitar pack on eBay for $120 and was wanting to get another "budget rocker". After I ordered it I ordered a GFS REDactive humbucker and a plug and play wiring kit. I paid 180 for everything brand new. I was surprised when I got it - it feels really good for a cheap guitar.
Lets hear about your cheap guitars!
Forgot to mention both guitars are single humbucker guitars