At my local guitar store there is a used mustang for 400 bucks plus tax. It looks brand new, and sounds great. I dont need another guitar right now but I still might buy it. Thoughts?
Tiananmen Square Dance
If you like it, think its worth the money, and don't have anything else to do with your money, go for it
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epiphone E-310 strat copy
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EHX Metal Muff
Maybe compare other guitars in the same price range before you jump in and buy the Mustang.

Just to make sure you can't get a better deal.
I'd definately do it, but you don't have to base your decision on my wanting a mustang.