WD, I don't think you have to settle for a student model just to save money. You can still find wonderful sounding fiddles without having to spend a fortune. If you're not a fiddle player now, take along someone who is (have them bring their own bow) and have them play each one you're considering using the same bow. It shouldn't take too long to find a nice sounding instrument you can afford. Then, of course, follow the advice of Alice and Stewart and buy a good bow. This may actually be more expensive than the fiddle.

The thing about violins is that their market value has no relation to their tonal characteristics. Value is determined by things like style, craftsmanship, pedigree, age, etc. The sound of a violin is thought to be a matter of taste and isn't really a factor. Some expensive instruments can sound really average and some "cheap" (not cheaply made) instruments can have just the sound you're looking for. Once in a while you'll run across a great amatuer-made fiddle that is nearly worthless in a monetary sense. Some of these can look pretty funny but may have just the sound and touch you're looking for.

Here in the heartland, there are people who sift the violin market by buying and quickly selling great numbers of instruments that they get cheaply from estate sales, flea markets and private parties. They are really looking for the occasional valuable instrument that may still be uncovered but in the meantime, they move a lot of fiddles in the $100 - $200 price range often much less if they want their money back to reinvest. I'm guessing the practice is not regional and you can find such people where you live as well. Odd thing though... these people almost never have any good bows.

Good luck,

      - Mark