It's at the music store I go to (hopefully still there) and I have a couple guitars I can trade in. The 2 guitars are my Epiphone SG Special and my Les Paul copy. Believe it or not but I got $300 CAD for my other Epi Special and I'm hoping this will be the same as the V is only $500.
Quote by Jearl

...dont play Fender just because its Fender.

Ibanez SZ520QM
Peavey Rotor EXP
Squier Bullet (heavily modified)
Mesa Roadster Head & 2x12 cab
Its probably an alright axe but the music store will not give you much for your trade-ins. You would be better off to keep them and sell them. Licensed Floyd Rose's are hit or miss as far as quality (soft metal, go out of tune, etc.) That would be my primary concern with the Peavey. Basswood sounds really good but it is a cheap wood. Don't pay list price. Get the price down to $400-410.