Got my 2002 20th anniversary squier bullet strat for £70 at a second hand. I had sold all my previous guitars, and my guitar clueless girlfriend convinced me to get it, because "she liked it" but fair enough i got it. And honestly its one of the best playing strats i have ever played, gorgeous neck, lovely action height, sounds beautiful. I love it and use it all the time to gig, record, practise. I know other people who have owned them and hated it. Maybe mine was just perfectly set up and well looked after, i would recommend it. But only if its a good one, They're out there!
Got this for free, from someone who got it as an entry-level guitar. I use it for my songs in Drop B tuning. Technically speaking, nah, it's not a great guitar, but it's fine for what I'm doing ATM, + one should never turn down a free guitar.
This guitar has a surprisingly wide range of own tones. Between the five selector positions, you can have a bright and aggressive sound with the bridge pick-up; a pure and simple medium sound between bridge and middle pick-ups; a well-niveled and good for effects average tone using the three pick-ups at the same time; a low and contained sound for nice bases on the neck-middle pick-ups and for last but definitively not least, a incredible string-treble sound. This last sound is very peculiar between the most commom guitar kinds nowadays; it has a lot of brilliance and can be really compared to a acoustic guitar when it comes to clean sounds. It has a lot of body in the sound you can fell the wood trembling. That trembling ends up on generating a resonant bass frequency along with the notes. In general, its a very cheap guitar with fantastic sounds. It's worthy trying it out.
My very first guitar that I got from my parents on my 15th birthday, but it wasn't a "Bullet Strat" when we bought it, it was an "Affinity Series Fat Strat" but I guess Squier's done away with that name and rebranded it as the Bullet Strat. Anyway, pretty good guitar, it's served me well for a long time. Loaded it with stickers to emulate my hero Billie Joe Armstrong. Only two things I would change: 1. put a Duncan JB in the bridge, and 2. fix the intonation which has steadily gone south over these past nine years. Mainly use it as a secondary guitar for songs in half-step-down tuning.
For beginners, Squier is the place to start. You get a guitar of decent quality for not a lot of money. Mine has a set of Tex-Mex pickups and over the past few years has been turned into a homemade roadworn. Love this guitar.