Lookit that, $480 to $360 and you haven't even picked it up. It is a bit more versatile than the Telecaster or the Les Paul style guitars. Personally, I would get the Stratocaster in that price range. You will find what you really like later. Sure it isn't the bees knees, but you are just learning. You can notice the lack of quality hardware on the super cheap ones, but that little extra money goes a long way.
There are basically a few levels of Squier guitars, from terrible (Low $200) to great (under $1000) but to be honest, I found the series that was around high $300/low $400 to be really, really good quality for what you are paying. List price was $430 or something, but go it plus a bag, strap, cable, capo, picks and intonation setup (to make sure it is in tune) for the same price. I have a Les Paul Studio ($$$ and heavy as all hell) and a Made in Japan Telecaster (which is now my baby) and I just bought my nephew a cheap Squier Telecaster for Christmas as he is learning. You will hate it and hate playing guitar. Don't buy a shit guitar for you first guitar. When you consider the cable alone currently retails for $38 I think this is a pretty good deal. Not going to cut and paste a more detailed description, if you're interested look it up: As a "game" it is a bit meh but as a tool to help you learn guitar and motivate you to practice more it is quite good. A bit like the old Rock Star/Guitar Hero games but using a real guitar (guitar not included but it can be used with any standard electric guitar with a 1/4 inch jack). Rocksmith is a "game" that teaches you to play guiter. JB HiFi currently have the Rocksmith 2014 game on sale for $59 which is the best price I have seen anywhere on-line or local stock.
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Or otherwise have a guitar lying around that they never quite got around to learning how to play here is a deal for you… For those who have recently purchased electric guitars