I bought a P with my name on it (Legend) off ebay for 40 quid delivered. Plywood body and generic everything but the neck is fabulous and has the worn in feel to it, and it's maple!
So I was bored and sanded the 3 colour sunburst down and sprayed it post office red, firred a gotoh bridge, fender tuners and a usa pickup. The result is a superb, easy to play bass with some real grunt.. weighs 7.8 lbs...
but you've heard all this before haven't you? So I won't bore you with it.......