I took a Squier Modified P-Bass, found a lightly played Mexican Squier neck on ebay for fairly cheap (looks and feels more like a US Fender neck) changed the pickups to what I was told are DiMarzios, tort pickguard, new wiring harness, knobs, Badass II bridge, Schaller straplocks and it's the only "Fender" I own now. I did keep the Squier neckplate.
It does a job a P-Bass is suppoed to do, and though its pedigree is varied that's really all a Fender bass is in the end, various parts thrown together to make a product. I drool just as much looking at 50 year old basses and guitars (and cars for that matter) but its nostalgia mixed with reality. With all the aftermarket parts and relicing techniques around now you can put together a bass that looks and feels just as worn out, played and mojoed as a '58 P-Bass for a tenth of the money.
Now if I won the lottery all this is moot.