The $500 price point is the sweet spot for used electric guitars. You can find professional-quality instruments from Fender, Gibson, PRS, and Ibanez that originally sold for $800-$1,500 new. Used guitars in this range have typically been broken in — the neck feels smooth, the frets are worn just right, and the tone has matured.
At this price, look for Mexican-made Fender Stratocasters and Telecasters (MIM), Epiphone Les Paul Standards, PRS SE models, and higher-end Ibanez RG and S series guitars. These are workhorse instruments used by gigging musicians worldwide.
When buying used, always check the neck relief, fret condition, and electronics. A guitar with worn frets might need a $200 refret, which eats into your savings. Look for guitars described as "excellent" or "very good" condition — these typically need nothing beyond a fresh set of strings.
Pro tip: Set up a price alert on Treblemakers for your dream guitar. Used prices fluctuate weekly, and patience often saves you $50-$100.






