He had the word cheap emphasised in italics, which made me think low. Down here a Dot Cherry is AUD$999. For just $200 more, you can buy a Jazzmaster!
Maybe what we consider 'cheap' to be is a bit different 😉
Why are you having trouble finding a Jagmaster? I know they aren't popping up on ebay very much, but I would think finding a new one would be simple enough. Even if they aren't on the rack, they can be ordered easy enough. Late last year I almost got a Squier Cyclone brand new because it was in the warehouse and I decided to enquire.
But then again, sometimes things are elusive for no reason at all. The trouble I had to go to to get a couple of my guitars home (including the Jagmaster) has been ridiculous. Sometimes stuff is just beyond control ☹