#1
I'm looking at a recorder and/or mixer for recording songs for our 4 piece band. We have 2 guitarists, a drummer, and a bassist. Whats the best one for under about $400?

I was looking at the Zoom R16. Its about $420 in one of the stores in the closest city. We're not really "big" at all. Gigged at talent shows, etc., but we're trying to get a demo together.

Any other suggestions?
Caution:
This post may contain my opinion and/or inaccurate information.

Current Rig:
2006 PRS CE-24
Mesa/Boogie Mark V
Voltage S212 w/ V30's
Strymon Timeline
CMATMods Signa Drive
TC Electronics Corona & Hall of Fame
#2
Bump?
Caution:
This post may contain my opinion and/or inaccurate information.

Current Rig:
2006 PRS CE-24
Mesa/Boogie Mark V
Voltage S212 w/ V30's
Strymon Timeline
CMATMods Signa Drive
TC Electronics Corona & Hall of Fame
#3
Youre best off going with some production software if youve good a decent computer with firewire, and an audio interface, lots more user friendly, lots more features.

Look into
Focusrite Saffire Pro 40
PreSonus FireStudio
for audio interfaces

Reaper
Ableton
Logic
for software

You'll need to expand your budget to cover guitar mics, vocal mics, drum mics, if thats not an option pay to get somebody else to record you. Lots of people operate home studios and will offer a fair deal, and youd get much better results from someone that knows what theyre doing.
#4
How do you want to record? All at once or do you want to track one or two parts at a time?