Rent to Own

PianoForte Chicago Rent-To-Own Program 

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Overview
Renter Responsibilities
Costs
Example Pricing

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Overview

We offer a rent to own program that allows you to rent a new acoustic piano from us for 2% of the full purchase price per month. If you choose to purchase the piano at the end of your rental period, the first 12 months of payments will be credited towards your purchase. You may also choose to return the piano or continue renting it, but only the first 12 months of rental payments may be applied as credit if you choose to buy the piano in the future.

This program is designed for acoustic pianos, with or without silent technology, and for a limited selection of digital pianos.

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Renter Responsibilities

  • Moving
    • The renter pays to move the piano from our showroom
    • The renter pays to move the piano back to our showroom if they choose not to keep it
  • Tuning
    • The renter must pay for the piano to be tuned two times per year
  • Setup Fee
    • The renter pays a one-time setup fee before delivery of the instrument, typically $100
  • Monthly Payments
    • The renter pays the agreed upon monthly payment
  • Damage Liability
    • The renter assumes responsibility for any damage that occurs to the piano while in their possession; they agree to pay the cost of any repairs not covered by warranty
  • Minimum Rental Duration
    • We require that you rent any instrument for a minimum of 6 months

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Costs

  • Monthly Rental Fee
    • 2% of the Purchase Price (except on digital pianos where it is 3%)
    • Recurring Monthly
  • First Time Setup Fee
    • $100
    • One-Time Fee
  • Tuning Fee
    • $150
    • Required two times per year
  • Anticipated Delivery Fee
    • Digital Pianos: $200*
    • Upright Pianos: $300*
    • Grand Pianos: $500*
    • *These prices are based on 5 stairs or less, additional stairs will increase the moving fee.
  • Monthly Rental Fee for Digital Pianos (min. $50 per month)
    • Clavinova CLP735 $80 per month
    • Clavinova CLP745 $100 per month
    • Recurring Monthly

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Example Pricing:

Total Expected Costs for a $6,000 Upright Piano over a 12-Month Period

Original Purchase Price: $6,000 

$120 Per Month Rental Payment (12) = $1,440
$100 Set-Up Fee (1) = $100
$150 Tuning Fee (2) = $300
$300 Moving Fee (1) = $300
Total First-Year Cost: =  $2,140

Purchase Price after 12 Month Rental: $4,560* + Tax
*Original Purchase Price – 12 Monthly Payments ($6,000 – $1,440 = $4,560)
If you choose not to purchase or continue renting there is an additional $300 Moving Fee to return the instrument.

Total Expected Costs for a Clavinova CLPXXX Digital Piano over a 12-Month Period

Original Purchase Price: $2,800

$80 Per Month Rental Payment (12) = $960
$100 Set-Up Fee (1) = $100
$200 Moving Fee (1) = $200
Total First-Year Cost: =  $1,260

Purchase Price after 12 Month Rental: $1,960* + Tax
*Original Purchase Price – 12 Monthly Payments ($2,800 – $960 = $1,840)
If you choose not to purchase or continue renting there is an additional $200 Moving Fee to return the instrument.

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