I'm looking for a new guitar for under $300, which you could kinda tell from the title. Right now, I have a Squier Jagmaster which I like, but it isn't the best. It is really hard to tap on it because the action is pretty high. The only the I have to have on the guitar is a whammy bar. I play mostly indie rock, with some occasional extreme metal to show off.
save your money and get your current guitar set up, and buy a 500 dollar guitar later
look at ibanez
action is adjustable, just low it!
if thats as far as your budget can go go used.. You can get some pretty amazing deals for $300