Well, I picked up an Excel 5 on Wednesday at the not-so-local Guitar Center for a real nice price. Wow, the poor baby was abused. I just spent about three hours pulling the strings, polishing brass, and clearing an incredible amount of gunk from the fretboard. When I picked the thing up, you couldn't tell that it had side dots. A bunch of cleaning, a little wax and some oil plus a new set of strings (and battery) and the thing is presentable. At this point, it's just missing three screws from the back plate to be good to go. There are little nicks here and there and one large gouge on the top just above the neck joint.
Why do people do that to guitars? I'm told the prior owner traded it against a vintage Kramer.
The thing plays great, but I'm not sure I love the tone for what I do. We'll see when I get it into the band context on Monday.
-bob