Rent to Own

PianoForte Chicago Rent-To-Own Program 

Anchor
Overview
Renter Responsibilities
Costs
Example Pricing


Anchor

Overview

We offer a rent to own program that allows you to rent a new 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.

Back to Top


Anchor

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
  • 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

Back to Top


Anchor

Costs

  • Monthly Rental Fee
    • 2% of the Purchase Price
    • Recurring Monthly
  • First Time Setup Fee
    • 2% of the Purchase Price
    • One-Time Fee
  • Tuning Fee
    • $120
    • Required two times per year
  • Anticipated Delivery Fee
    • Digital Pianos: $150*
    • Upright Pianos: $200*
    • Grand Pianos: $300*
    • *These prices are based on 5 stairs or less, additional stairs will increase the moving fee.

Back to Top


Anchor

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
$120 Set-Up Fee (1) = $120
$120 Tuning Fee (2) = $240
$200 Moving Fee (1) = $200
Total First-Year Cost: =  $2,000

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 $200 Moving Fee to return the instrument.

Total Expected Costs for a $4,000 Digital Piano over a 12-Month Period

Original Purchase Price: $4,000

$80 Per Month Rental Payment (12) = $960
$80 Set-Up Fee (1) = $80
$150 Moving Fee (1) = $150
Total First-Year Cost: =  $1,190

Purchase Price after 12 Month Rental: $3,040* + Tax
*Original Purchase Price – 12 Monthly Payments ($4,000 – $960 = $3,040)
If you choose not to purchase or continue renting there is an additional $150 Moving Fee to return the instrument.

Back to Top