OK, my post requires a back story for complete understanding:
Circa my 12th or 13th birthday, my older cousin was moving out of my Aunt's house, and decided to give me his Bass Guitar, which he no longer played. It is a really old Arbor Bass Guitar that he had when he was about 13 or 14, and he had played in a band with it. When he gave it to me, it was missing the 'A' string, and the other three strings were obviously rusted into oblivion. My mother had it cleaned, up, polished and restrung. I received it and a new Crate MXB10 amp for my 12th or 13th Birthday. Me, being the noob I was, played only with a pick (because I wanted to be like a uber rock star guitarist) and basically only learned guitar parts, because I really wanted to play guitar. Later that year, Christmas rolls around, and I am given a Digitech BP200 multi effects pedal for my Bass.
About a year later (and learning almost nothing Bass wise because I was learning guitar parts and had no idea what I was doing) I finally broke a string (which in turn broke off the Nut between the headstock and fretboard) when I was trying to tune the first or second string to a higher note (being a noob). We bring it into Guitar Center, and they tell me it's going to cost over $100 dollars to fix. Seeing as it probably wasn't worth that we don't get it fixed.
At this point I want to learn Guitar, so for my next Birthday (Yes, I was pretty spoiled) I got a Guitar, amp, etc. and from that point up until about 13 days ago I've strictly been a Guitar player.
Fast forward Seven Years. It's 13 days ago and I decide I'm going to get my old Bass and amp and effects pedal out of the attic to play it. I forgot that the nut broke off, so I simply used my Mom's super strong nail glue to put it back on (lol). I go to the local Music store and buy Bass Strings, and to my surprise the Nut stayed! So now for almost two weeks I've been grooving away on my old Arbor Bass, having an awesome time, doing fingers tyles and messing around with the effects, learning real Bass lines, etc. I love it much more than Guitar when I first started playing, and I think I'm going to start saving up for a better Bass now.
Yea, so any suggestions for a cheap, but decent Bass (in the price range of about 300-500 ?)
Now that I've typed out that huge story no one cares about, here are my stats:
Main bass used: Really old Arbor beginner Bass (No model number or anything on it)
Played through a: Crate MXB10
With these effects: Digitech BP200 Multieffects Processor
Pick or fingerstyle: Fingerstyle, although I did try some picking too
What is your dream bass?: I don't know, I guess Myung's Bongo? haha
Favorite bass player/idol?: Tony Levin
Other bass influences: John Myung, Geddy Lee, Greg Lake, Stanley Clarke