Listening to music, has the ability to positively affect our mood - but playing an instrument, like the piano, can be an even better mood enhancer. In order to truly enjoy playing your piano throughout its lifetime, however, maybe you should consider renting it vs outright owning it. Piano Rental Los Angeles has a great piano rental program that can be used as a foundation for assessing the savings involved in renting vs owning your instrument...
...E.g. they allow you to lock in the price of the piano at the beginning of the rental period, so that you aren't subject to price increases, during the rental period.
Rental programs aren't new for big-ticket items like new pianos, whose costs can exceed US $6,000... as these programs facilitate customers who cannot come up with the full cost of the item, upfront.
This is especially beneficial in a down economy, where most people have monetary constraints.
There are usually two types of piano rental programs:
- Leasing arrangements (where you can expect to own the piano at the end of the rental period or in the case of Piano Rental Los Angeles, own a newer piano at the end of the rental period)
- Rental for a limited period of time (where you can rent the piano for a period of time and then return it to the dealer).
The key things to remember are that these financing arrangements should allow you to spread out your piano costs, over the rental period, whilst enabling you to use the money you've saved, to do other things - e.g. invest in short-term money instruments like a 3-month certificate of deposit, so that the money that you earn from these investments, can cover the full cost of financing your piano.
In a down economy, companies are getting innovative in enabling you to buy big-ticket items. If you're just learning to play the piano, or are in the market for a piano upgrade, then you should really consider a piano rental program, if you want to stretch that dollar!
Please remember to ask detailed questions and get everything in writing, when entering financing agreements.