---------------------- multipart/alternative attachment In a message dated 7/1/02 6:50:51 PM Central Daylight Time, ANRPiano@aol.com writes: > In the short term this might be cheaper, however when their supplier > descides they no longer want to lease the pianos, as is happening more and > more, they will find themselves in a heap of trouble. > > > Andrew Remillard > Andrew I think you might be confusing the piano loan program with a leasing program. The loan programs cost the dealer money. They literally let the school use the pianos for free, and sell those units at a great discount, for the chance to sell a whole bunch of pianos at the end of the year, to make up the loss in profits, and interest expense, of having those pianos in the school. With a lease plan, the dealer actually gets the money from the leasing company, as if he had made a sale. The leasing company then takes the risk of the school paying the bill every month, or year. But, David, lets look at the figures. $1 million worth of pianos (about 80 of them), leased over 5 years comes to a little less than $20,000 a month. But this will have to go on forever. Over 20 years, that's $4,800,000. A technician cost $40,000 a year, or $800,000 for 20 years. So in 20 years, the school would pay $4 million for $1 million worth of pianos. David, if you think that is a good financial decision, let me tell you about some land I have in Florida I can lease you. Wim ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/caut.php/attachments/29/18/85/a1/attachment.htm ---------------------- multipart/alternative attachment--
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