Yamaha C40M

I bought this just to have it around for when I want to try some new harmonies or melodies without the need to plug in my electrics or just noodle around quietly or try something classical. Or if maybe my daughters grow up and want to try the guitar without the hurdle of steel strings.
The quality is excellent, I couldn't find any manufacturing flaws. It also looks nice (much better than the pictures give it credit) with the all-matte finish on the light spruce body.
Soundwise, it has all the bass you might need, but the upper registry is a bit dry. This would by my main critcism for the whole guitar.
It stays in tune nicely and the action is okay, no fret buzz. The action is a bit high on the higher frets, but since the neck is not adjustable, you wouldn't want it to be too low anyway.
The most important point with this guitar - it costs next to nothing, or certainly less than any other classical guitar. You couldn't get a guitar with this level of quality with this price-tag ten years ago.