Exactly. Squier is Fender's lower end, from what I just recently learned. Still, if priced right, it doesn't really matter. Picked this up on Thursday for $15. Figured I could maybe get $100 out of it. At $15, I surely wouldn't lose money. Did some research when I got home. This style was only made for one year (1985) and is worth quite a bit more than I had originally thought. Glad I picked it up.