But what about rental?
Rental seems like a good idea: pay a small amount monthly, return the instrument at anytime with no obligation. Seems like a no-brainer, right? Well, most of the time the yearly expense of rental is equal to or even higher than a an instrument purchased with our Guaranteed Buyback Program. And that’s just the worst case scenario, where your student quits after just one year. What happens if they love the instrument? Most rent-to-own instrument contracts average a three year payoff term. That means you’re paying up to three times more for the rent-to-own instrument. Plus, there’s a swell of pride that comes from a student OWNING their very own instrument. For instance…
Let’s break down the purchase of a new 4/4 Knilling Sebastian violin versus rental:
$265 new purchase price
-$100 CASH buyback after the school year (10 months)
$165 total school year expense
$16.50 average monthly expense
$11.62 initial monthly payment
$30.72 monthly payment (rent + maintenance plan)
$257.38 total school year expense
$25.74 average monthly expense
That’s almost $90 in savings. Plus, if your student enjoys playing the violin, you own your instrument for just about $8 more than it costs to rent for a year.
We also gladly buy back instruments after the Guaranteed 12 month period, and our offers are made based on the condition of the instrument & accessories (cases, etc).