If you've got a decent guitar lying around i might consider a swap for my ESP LTD F5E - its a 5string monster. and if you tweak it just right the active pickups give a real nice tone for slap.

http://www.guitars.co.uk/forum/ubbthreads.php?ubb=showflat&Number=263748#Post263748

Bit out of your budget to buy it from me though.
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"Bassface" When four feint lines are present across the face of a guitarist, usually following an incident involving rock 'n' roll, booze and a clumsy bassist.