The last demo I recorded (quite a while ago), we went into a studio for the drum tracks. It was a small studio, at $20.00/hr. I think it cost somewhere around $140.00. We mixed the drums down to a master, then recorded over that on a little 6 track recorder. It worked great, for a lot less than finding the specialized mics needed for recording the drums. That, and the cost of the tape were our only major expenses.
Guitars:
Fender 2006 MIM Fender Stratocaster HSS in 3TS
Ibanez RG 570 with a bridge Invader
ESP M II Deluxe with a Tune-o-Matic bridge
Eleanor, the magical, mystical Road Worn wonder Tele
Blackstar HT Club 40