I think one of the most important factors here is one that will take time to truly evaluate.
Once people can gather again, and once you can bring your bass into social scenarios and jams and gigs…
Having a slick, gorgeous Fender Custom Shop bass will be invaluable vs owning a Squier.
People will want to talk to you about it.
And by people, I mean other bass players.
This brings up a very tangential topic that I will touch on here:
After a show all the fans and love-struck beauties of the crowd go to the lead singer and soloist.
The rhythm section will talk exclusively with other players who will want to talk exclusively about gear.
Drummers will corner drummers and ask about sticks and shells.
Bassists will corner bassists and ask about preamps, pickups and pedals.
With that Custom Shop, you will have well over $1,400 worth of attention.
This is, mostly, humorous… but it’s also 100% accurate.
While you may personally have decided that the value is not there physically - the legend and visual power of the myth of the Fender Bass will work in your favor. People will instantly assume you are a better and more experienced player when you pull out the Custom Shop. Honestly.
People hear and judge with their eyes. I’ll be interested to see if you experience any of this if the world opens up again!