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Spend your money on lessons? If you become a better player, the difference in tone is only audible in back to back testing by musicians. Everyone else is just listening to the notes.

I will echo other responses. A lot of guitar tone is 'in the fingers' so an expensive guitar won't necessarily sound better to you. It might be slightly easier to play and the components nicer, or even just a different colour. If that makes you want to pick it up and play more often then it starts to become worth it, but overall not necessary. I have splashed out on custom made guitars as well as US made Fenders and Gibson that I didn't like for one reason or another until I found my perfect guitars in a Squier and a Vintage. Both of which wouldn't be considered to be expensive, but they feel perfect to me.

If you can afford it and it will make you happy then do it. I personally am a tight arse and even if I could afford a Gibson (I can't) I'd never buy one because I'm a klutz and it would be an expensive thing for me to damage, same goes for a Ferarri, I'd have door pockets full of crisp packets and I'd no doubt kerb the wheels parking it.

There’s a thread that was started for this kind of thing, only two posts, unfortunately. There’s also this section of the forum, only one thread, however. https://www.guitarchat.co.uk/forum/34-tutors-available/

Have you looked JustinGuitar on YouTube? He also has a website and does a full course of guitar tuition free. He does have a paid for app and seems books, but the free stuff will be more than enough to get you going. It m8ght even get your son interested again too.

Ok you got lucky. I like your story and I'm thinking of teaching guitar online as a business, because I'm very passionate and quite proficient. I'll teach you for free, or for a ridiculous symbolic fee, the basics and more, about reading music or tabs, picking a decent guitar and playing it of course. There is no catch, provided we find a smooth agreement. PM me if interested.

Thanks @ezbass - some useful stuff. I'd also recommend these videos for anyone keen on learning Fingerstyle Travis Picking Lesson: Some easy Fingerstyle songs for inspiration