This bass is characterized by its smaller modern C shape body, P-J pickup configuration, and light weight.

The Precision Bass Lyte is equipped with 22 medium jumbo frets and has a scale length of 34 inches.

Thus some guitars after 1992 were inscribed with "Crafted in Japan" due to a contract stipulation dating back to the original deal.

From 1996 onward however, "Crafted in Japan" was used exclusively until 2015, when Fender took over the entire operation and the original deal ended.

There are four different control knobs on the Lyte, consisting of a Master Volume, Pan, Bass Boost/Cut and Treble Boost/Cut.