Re: Under $300
Even though I've previously owned an second-generation The Loar LM-500 (1st gen of the model were reputed to be total junk) and found it an excellent instrument for the price, considering that there are recent reports of The Loar declining in quality in a race to the bottom I would only recommend buying one from a reputable dealer if you're dead set on the brand. Elderly is selling the current lowest-end LM-110 for $249 including setup.
However, they are also selling the Kentucky KM-140 with full setup for $235 so I'd say Kentucky continues to rule the under $300 new mandolin market as well as the under $400 price-point with the $349 KM-150.
(NFI and YMMV)
C.
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