Over the summer I set out trying to find a nice MiM Precision bass. For various boring reasons (e-bay and my own idiocy/awkwardness don't mix) I've ended up the mostly dissapointed owner of a bass I like some things about very much, but in other ways is a bit fucked.
It's a Fender Mike Dirnt Precision bass:
The biggest problem is a warped neck. I've tried straightening it but don't reckon it'll get any better than I've got it now (relief is 1.25mm at the 7th fret when capo'd at 1st and 20th). That's playable, but doesn't fill me with happy. Second problem is a knacked volume pot (as long as I leave it on full, stuff works).
Things I like about it:
'51 style slab alder body, pickguard, control plate, side jack
Great sounding split-style pickups
Things I can do about it:
1. Hope there's another mug as daft as me out there who'll pay near what I did (£400), problems and all, and go back to looking for a mex standard. I'm not comfortable with trying to pass it off as OK though, and don't think the market for basses with bad necks is exactly buoyant right now. So basically throw money away getting shot of it, and be back where I started.
2. Throw money away fixing the problems. At minimum this means a new neck and new volume pot, but it could also mean more significant changes... I'm not mad keen on "vintage custard" as a colour, particularly as there's a pea-sized ding in the poly by the jack socket.
I'm leaning towards fixing it up, but what would you all do?
If you reckon "fix it up", I'd love to hear ideas of how to take this starting point to get to a cool bass (and an idea of how much it might cost).