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Your right, the fender is pretty crappy but he was asking for a "cheapo 5-string". #I'd say that the Fender fits the bill.

Fender makes one for about $300.

http://www.musiciansfriend.com/srs7....4550643

I've got a Fender FM-60E 5-string electric mandolin a couple years ago and thought I would really enjoy playing it but that hasn't been the case. #It has two single coil pickups on it and I really...