Financing a piano?
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Anonymous
| I'm in the market for a grand piano (Bosendorfer) and was offered a fairly low interest rate. I'm making more (%) on my investments and think it might make sense to take out the loan for leverage. Have any of you purchased an instrument this way or did you take it out of your savings? |
Anonymous
| You can buy a used piano really cheap people are trying to get rid of them |
Anonymous
The one I'm interested in is used. You have tips on a preowned Bosendorfer 290? |
Anonymous
|
I know the piano you're talking about. You must be doing very well financially to afford that beast!
If you can make money by leaving the $ in your account go ahead and finance it. Just make sure you keep the payoff amount set aside. Enjoy. |
Anonymous
| Wow! A Bosendorfer 290! |
Anonymous
| I've never financed a musical instrument, but my parents have, for themselves and for me and my brother. With today's interest rates, you'll probably do better than they did. |
Anonymous
| Tori? |
Anonymous
| Does it have 97 keys? |
Anonymous
| My father financed my Steinway years ago. Pianos like that are true investments, unlike most things we finance. I would go ahead and take the finance option as you are going to be enjoying the piano for the length of the loan and well beyond. Congratulations. |
Anonymous
|
Yes, it does have a full eights octaves.
I've called the dealer and I'm moving ahead with the purchase via financing. So excited! |