Rent to Own

 

Understanding Band Instrument Rentals: RENT-TO-OWN Policy

Rent-To-Own Policy (Band and Full-Size String instruments): All band instruments and Full-Size String Instruments are Rent-to-Own. 100% of the monthly Rental Fee applies to the balance of the instrument for the duration of the Agreement. (This is referred to as *Earned Credit.)

You are not obligated to buy your rental instrument. If, at anytime, you wish to terminate your contract you must contact Leonards Music directly. Your child's school is not a party in your rental agreement. Leaving your instrument at the school without notifying Leonards Music will not close your contract. You will remain responsible for all payments until your instrument is returned to Leonards Music.

(Full size strings include: 4/4 Violin, 15.5+ inch Viola, 4/4 Cello, 3/4 or 4/4 Bass, and 3/4 or 4/4 Guitar)

*Earned Credit:Each month, 100% of your rental fee (minus tax and insurance) is applied to the Earned Credit which is used toward owning your instrument.

Earned credit applies exclusively to the instrument on your current contract.

It is non-transferableand there is no actual dollar value. Contract termination will result in the forfeit of all earned credit.

Early pay-off options are also available, please email us or contact our office for more information.

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Understanding Fractional String Instrument Rentals: RENT-TO-RENT Policy 
Many young students begin their musical journey on fractional-sized string instruments. These are smaller versions of full-size instruments, designed to make learning easier and safer for children by helping them avoid poor playing habits or physical strain.
As your child grows, they will gradually move up through larger fractional sizes until they are ready for a full-size instrument. Since children will outgrow fractional instruments, we do not recommend purchasing them.
Instead, all fractional-sized instruments are offered under our "Rent-to-Rent" Program, which allows you to accrue credit toward a future full-size instrument while your child rents a smaller one. By the time your child is ready to transition to a full-size violin, viola, cello, or bass, you will have accumulated credit that can be applied toward owning the full-size version.
Key Terms of the Rent-to-Rent Program:
  • 50% of your rental fee is applied as Earned Credit toward a full-size instrument while you are actively renting a fractional-sized string instrument.
  • You may exchange your instrument for a larger size at any time during your active rental at no additional charge.
  • The following are considered full-size string instruments:
    • Violin: 4/4
    • Viola: 15.5" and above
    • Cello: 4/4
    • Bass: 3/4 or 4/4
    • Guitar: 3/4 or 4/4
  • Once your child transitions to a full-size instrument rental, 100% of your ongoing rental payments will be applied as Earned Credit toward ownership.
  • You may choose to:
    • Use your accrued credit to purchase the instrument, or
    • Allow the rental contract to continue until the instrument is paid off in full.
  • There is no obligation to purchase. You may return the instrument at any time during your rental term.
  • Please note:
    • Earned Credit is specific to the instrument on your current rental contract and is non-transferable.
    • Earned Credit has no cash value.
    • Terminating the contract will result in the forfeiture of all accrued credit.
 
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