10. A fine piano will outlast the lifetime of the original buyer and often outlasts the lifetime of whoever inherits it next. The only other purchase most of us make that can approach this return on investment is our home.
We move from house to house an average of 7 times, setting up 15 or 30 year mortgages each time! Houses must have value if we’re willing to pay so much interest!
9. The cost of buying an “OK” piano and replacing it later with a fine one is too high.
One quality piano plus interest costs less than two pianos paid for with cash.
8. Fine pianos rise in price endlessly as skilled labor and raw materials like Spruce or Mahogany are fixed expenses that cannot be compromised without ruining the instrument.
The resale value of a well-maintained 5-10 year old piano of high quality is often equal or greater than its purchase price.
7. The investment in lessons (which can easily average $1,800 per year per student) is wasted without a good piano to practice on.
6. Piano lessons and daily practice are, for many children, the first experience with regular disciplined study.
5. Kids who learn to play grow up to have kids who learn to play.
4. Adults who learn to play have a stress-relieving and enjoyable alternative to TV.
3. A fine piano turns a seldom-used “living room” into a music room, a place where the family can enjoy music together (and each others company!). Nothing will bring families and friends together better than music.
2. Most high-ticket “toys” such at ATV’s and boats become obsolete very quickly and depreciate immediately.
The family car, a necessary expense, is a financial disaster costing thousands of dollars in gas, insurance, upkeep and depreciation over 5-10 years after which is usually gets replaced and the expense is started all over again! The cost of a top-of-the-line Conservatory grand piano plus interest, spread out over 10 years, makes most cars look like a questionable investment.
AND THE #1 REASON TO PAY INTEREST ON A PIANO:
1. I’M WORTH IT, MY SPOUSE AND KIDS ARE WORTH IT, AND MY GRANDKIDS AND GREAT GRANDKIDS ARE WORTH IT!!!!!
Musical instruments are about personal expression and while money is important, money can not provide the life-long benefits of enjoying a fine piano.