Two years ago, I signed a contract to rent to own a flute for my daughter. I also purchased the rental and maintenence agreement, which came in handy several times.
I recently contacted the music store to confirm the remaining payments. I just couldn't read my copy of the agreement. My inquiry prompted them to offer me a discount, if I would pay the account in full!
Instead of 5 more payments that would equal about $179, I will pay them $111 next week. A nice surprise savings of $68! My daughter will finally own her own flute, which she has been looking forward to.
By renting to own the instrument, I did pay more than if I had paid for the instrument in full at the beginning of lessons. At the time, $750 seemed like so much money to lay out for an instrument my daughter had not even begun to play. I didn't know if she would practice, or even like playing it! The rental contract allowed us an out at any point in time. We could have simply returned the instrument and be free of future monthly obligations. Turns out she loved the flute! And she plays it so well.
It is what it is. Now I'll have a little more cash in my pocket each month!!
Instrument Rented...Now Owned
September 17th, 2009 at 10:35 pm
September 17th, 2009 at 10:51 pm 1253227903
September 17th, 2009 at 11:06 pm 1253228789
Good deal.