The GRG140 from Ibanez proves you can get great quality electric guitars without breaking the bank. Ideal as a first or second guitar, the GRG series GRG140 doesn't skimp on materials like other guitars in this price range might. A mahogany body is great for long-sustaand a single-single-humbucker pickup configuration offers the experimenting guitarist a whole range of tones to experiment with - great for guitarists who are predominantly rock-inclined, but also want to explore and challenge their playing abilities. 
 
Here's what Ibanez say about the GRG140...
GRG and GRX guitars feature the same playability, warranty, and set-up as our most expensive instruments, but at rock bottom affordable prices.
 
GRG/GRX SERIES BASICS
Maple necks and Basswood bodies
Powerful Ibanez PSND humbucker pickups
GRG has additional single (mid) pickup
FAT10 (GRG) and FAT6 (GRX) tremolos
 
Specifications
GRG neck
Die-cast machineheads
Mahogany body
Medium frets
FAT10 bridge
STDS (S) neck pickup
STDS (S) mid pickup
STDH2 (H) bridge pickup
HW colour: Chrome