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Rented

August 3rd, 2010 at 08:17 pm

I rented my youngest daughter's flute today. For the next 32 months (yikes!) I will pay $36.80 towards the flute. At that point it will be ours!! Yep. Rent to own. I'm not a big fan, at all, but it seems to work well for kids in band.

If she quits early, I can return the flute and owe no more money. If she plays, for a year and I want to purchase the flute I can get a 20% discount on the remaining balance by paying in full. I hope it works out for her and I can take advantage of paying off early.

Five dollars of the fee is a repair and maintenence plan. You can take it any number of times for any issue and not pay anything out of pocket. With out the plan one would pay nearly $75 each time it is repaired or maintenenced. It seems like a good deal when you consider how hard young kids can be on instruments.

Posted in Spending, Family | 6 Comments »

6 Responses to “Rented ”

  1. MonkeyMama Says:
    August 3rd, 2010 at 08:39 pm 1280864382
    1280864382

    As a music teacher, I always recommended RENTING a new instrument. Very smart!

  2. FrugalTexan75 Says:
    August 3rd, 2010 at 09:24 pm 1280867062
    1280867062

    This is one area where I do think renting is better than buying outright -- at least until you're sure it's going to take.

  3. north georgia gal Says:
    August 3rd, 2010 at 10:30 pm 1280871016
    1280871016

    When my kids were in band, my sister insisted on purchasing a good solid instrument for each of them the first year. Where are they now? Collecting dust!(except for the flute which has been sold). Definately better to rent instruments.

  4. nmboone Says:
    August 4th, 2010 at 05:42 am 1280896976
    1280896976

    Have you ever thought of getting used instruments from pawn shops? I have a close family member that works at one and they said they have flutes they have a hard time giving away.

  5. Homebody Says:
    August 4th, 2010 at 12:50 pm 1280922653
    1280922653

    I played the flute when I was younger and wish I still had one! I do, however, have the clarinet we bought OD, hoping granddaughter wants to play it.

  6. creditcardfree Says:
    August 4th, 2010 at 02:02 pm 1280926933
    1280926933

    I look at it as a good investment, especiallly if they play for several years. My oldest daughter is will begin her fourth year of flute playing.

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