I like cheap guitars. They're actually have better quality and a much lower price in relative terms to what were considered standard guitars in the 1960's.
In this case I'm comparing a Ibanez PN15 to a Gretsch "Jim Dandy". Yes, that's the Gretsch's actual name. I apologize for the mumbling.

The Gretsch has a much smaller body and shorter neck, but with more distance between strings, and stylistically correct open tuners, while the Ibanez has a larger body and longer neck, and contemporary closed tuners. It seems to have more body resonance, and the guitar weighs much more.  I play the same material on each guitar. BTW, the Gretsch is much more comfortable to play.
Once again, I apologize for the mumbling.