Yamaha RBX775. Bought by my parents in 2004 as a 21st birthday present, i've since butchered it a bit with a defret and refinish (the latter is getting done again this summer !). It's actually a damned good bass which took me a few years to realise ! Will get it refnished, rewired and back into a useable instrument this year.
Vintage VP6. My first guitar from 2002, bought new for £110 (which would have been a decent 2nd hand price too). It's worth sod all now but me and the VP6 got history ! Very good neck on it and after changing the pickguard from 1 ply white to 3 ply black, it looks awesome. Also has a great sound i've not managed to replicate in other guitars i've tried.