In your price range I would give a nod for the savage. The REM700 has long been the standard in rifle accuracy, theres scads of aftermarket parts available, plus any smith' worth a damn knows these rifles in and out. But.....Savage has come up in quality by leaps and bounds. I know some folks swear by both. Personally, I don't think you can go wrong with either choice. The model 10FP by savage is a superb rifle, but don't opt for the nicer stock, get a Bell&carlson at half the price and just as nice! The accu-trigger is superb as well. I have both 700's and savages, all are super accurate, plus if you hand-load (highly recommended) you can shrink those groups down to nil and build custom loads for the task at hand, plus significant savings and satisfaction. I don't think any of my 700's or savages shoot over .5moa with any load I've fed them. Keep this in mind though, optics play a huge part also. Not saying you gotta get a 36x Leupold BR optic, but you should consider getting optics as nice as the rifle. To not do so would be like putting cheap pep-boys tires on your corvette. Both rifles are very very nice, but given your budget, the Savage seems the clear winner, but don't let the price tag of the savage fool you, it's a fine rifle.