World Music Supply offers the Charvel Desolation DC-1 Standard Electric Guitar in Gloss Black for $599.99. Coupon code "DCHALF" drops it to $299.99. With free shipping, that's the lowest total price we could find by $300. It features a through-body neck, a compound radius rosewood fingerboard, jumbo frets on a 25.5" scale, and dual EMG humbuckers.
There are many ways for seniors to get cheap -- and even free -- entertainment and services.