I would not buy this guitar. Here\'s why:
1. Most important: Why does this guitar have a toggle switch where the second tone knob should be??? It looks awful. I know the description says it\'s wired as a tap to the humbucker, but WHY? Apparently Fender did offer a model like this in the past, so perhaps it is stock, but damn it is ugly. I would seek a traditional Stratocaster design and avoid one of these ugly "mistake" models that Fender has since corrected.
2. I know Fender offers a few Stratocaster models that have one or more Humbucker pickups, but I personally feel that is wrong. The classic Stratocaster design is three single coils. You can use any kind of single coil-shaped pickup in those slots, including a stacked humbucker, but it should look like a single coil. If you\'re going to invest in a real Fender, even a mexican-made entry level model like this, why not get one that looks right?
The chip near the strap lock is insignificant compared to the above concerns, in my opinion. Get a pure classic Strat. I browsed Ebay briefly, and there are many used MIM strats in this price range to choose from. Just wait for something better to come along.
You can also buy a NEW 2005 model sunburst Standard for $405.00.
http://www.musiciansfriend.com/product/Fender-Standard-Stratocaster-Electric-Guitar-2005?sku=510000