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<BLOCKQUOTE CITE STYLE="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px" TYPE="CITE"></FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2">Pros and Cons about leasing used pianos.</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
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I have had a numbe of Steinway grands out on long term leases that have been a great business. I charge $ 150 + tax per month, 6 month minimum paid on delivery. Maintenance is my expense, tuning is theirs. Most of these pianos have been out, in the same place, for years. <BR>
One of them is a Steinway XO, which I bought for $1,000 in 1983. I reblocked, restrung, and put in a new action. It has been in a recording studio since 1984, at an average rental price of $ 122. That makes over $33,000 worth of rent, and the piano is now worth about $ 18,000. I depreciated it, also. <BR>
</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"> Renting can make sense, it is one way to make money while you sleep! <BR>
Regards,</FONT><FONT COLOR="#000000" FACE="Geneva" FAMILY="SANSSERIF" SIZE="2"><BR>
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Ed Foote RPT<BR>
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