Instrument Rental Purchase Program
The Rental Purchase Program allows the player an opportunity to use a quality instrument without the cost of immediate purchase. Eighty percent (80%) of all timely rental payments are applied toward the purchase price.
In comparing outright purchase to rental with purchase option, it is generally better to apply the rental equity toward purchase as soon as possible. The benefit of renting for a while is that you do not have to purchase the instrument you are renting. Rental equity may be applied toward purchase of any instrument we have in stock.
Rental Rates as of Fall 2008
| Rent | Insurance * | Total | |
|---|---|---|---|
| Violin Outfit | |||
| First 3 months (per month) | $13.00 | $4.00 | $17.00 |
| Total initial payment | $51.00 | ||
| Monthly thereafter | $26.00 | $4.00 | $30.00 |
| Viola Outfit | |||
| First 3 months (per month) | $15.00 | $5.00 | $20.00 |
| Total initial payment | $60.00 | ||
| Monthly thereafter | $28.00 | $4.00 | $32.00 |
| Cello Outfit | |||
| First 3 months (per month) | $30.00 | $7.00 | $37.00 |
| Total initial payment | $111.00 | ||
| Monthly thereafter | $43.00 | $7.00 | $50.00 |
| String Bass Outfit (laminate) | |||
| First 3 months (per month) | $50.00 | $10.00 | $60.00 |
| Total initial payment | $180.00 | ||
| Monthly thereafter | $70.00 | $10.00 | $80.00 |
| String Bass Outfit (solid top) | |||
| additional $20.00 per month rent | |||
* Instrument insurance covers accidental damage only while in use. It does not cover costs for general maintenance, damages due to neglect/abuse or reconditioning fees due at instrument return/trade-in. Instrument insurance fees are not applied towards purchase. Any and all accidental damages/losses must be reported immediately, otherwise they will not be covered by the insurance. Supplemental renters/homeowners insurance is highly recommended.
Prices listed above do not include applicable sales tax.
A major credit card/bank card and valid photo ID showing current residence is required.
All payments are automatically debited on a monthly basis after the three month introductory period. Renter is required to notify Mercury Fine Violins, Ltd. if the renter's credit card is lost/stolen/expired. A fee may be assessed if the renter's credit card is declined for any reason.