It would mean something to anyone who would be looking for a cheap electric guitar. One reason is that maybe you are a newbie who would want to learn the basics of playing the electric guitar hence you would want to buy a cheap electric guitar rather than an expensive one. Another reason is that maybe you would want to save some cash. Whatever the case may be, you would need a cheap electric guitar. But before you do decide on buying one, you would first want to decide on what kind of guitar you would really want.