The prices of guitars may change over time. Sometimes, the shift could happen instantly and dramatically. Therefore, those guitars that have been included here might not be excluded tomorrow or the next year due to the sudden spike in their cost. Nonetheless, this is just a disclaimer that I want to emphasize, in case some of you might complain.
But why do electric guitars do have a volatile pricing? Well, the answer is simple: it is all about competition. When top contenders like Fender, Gibson, and Epiphone would battle each other, you can expect that the prices of their products would be haggled down to the maximum. This is the reason why we can see high-quality and professional guitars on the lower end of the price spectrum.
But what is the best electric guitar under 500? And why it has to be $500 anyways? If you are a serious guitar player, you would eventually realize that settling on entry-grade units won't bring out the best in your capabilities. Meanwhile, guitars that are within this price range are considered ergonomic and functional already. You can take them anywhere you want, whether it is a simple practice in the studio or a live performance on the stage.
Regardless of your preferences, you can always expect something unique in this price category. You can spot brand new electric guitars here with compelling aesthetics and sound production. You can always assure that their pickups have been revamped, too.
I have listed some of the best guitars that fall under this price range. I have tested their general playability to make sure that they can make the cut. Among the myriad of electric guitars on this category, the following can be considered as the cream of the crop!