I have owned dozens of basses over the years, including some high end brands like Wal and Ken Smith. My main squeeze at the moment is a Fender American Special, it was less than £500, looks and sounds the business, is beautifully put together, and is one of the most resonant basses I have ever played. It's also really nice and light and has a wonderful shallow C neck. It's perfect in every way. There's something about the Fender P that, for me at least, is just "right".
There are some amazing Fenders out there, just as there are amazing basses from most manufacturers. The trick is to find them!