<HTML>In a message dated 7/1/02 7:32:27 PM Central Daylight Time, ilvey@sbcglobal.net writes: <BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Yeah and the pianos would be trashed in 5 years and hard for the leasing company to resell...might need to drop that lease period to 2 or 3 years...I suppose this is similar to what Yamaha is doing with the school program but the pianos don't cost the schools anything?  I'm sure schools do a lot of leasing of office equipment etc...straight ahead write off... </BLOCKQUOTE> I don't understand what you're saying here. Are you talking about a leasing program or a loan program? If it is a loan program, as Andrew said, a dealer can pull out any time. That is what happened to us. We just lost 12 pianos, and now we have to spend $200,000, which we wanted to use to buy percussion and other equipment, to buy 12 new pianos.  And under a loan program, the school is responsible for the maintenance. So there is no savings there. And a leasing program will cost way too much money over a long period of time, as I indicated before. Wim </HTML>