We offer two types of rental plans - rental by month or by year. No matter which plan you're on, you are automatically eligible for our Rent-to-Own program.
How does Rent-to-Own work?
You can purchase the instrument towards the end of the first year’s rental, no matter which plan you are on. Your paid rental fee will be used as credits towards the purchase. You would only need to pay for the difference to own the instrument! The paid insurance fee and shipping fee cannot be used as credits.
You can also buy the instrument at any time during the rental period before it ends. The paid rental fee can be used as credits towards the purchase. If you purchased insurance through us, you will be refunded with the remaining unused insurance payment. The used insurance payment cannot be used as credits.
What price do I pay to purchase the rental instrument?
Put it in an easy way - you pay the difference between the Retail Price and your paid rental fee. The price that you will pay to purchase the instrument can be calculated as follows:
Retail Price - (monthly rental price) × (# of months rented) = what you pay
You’ve rented a beginner level Musifai Violin on 01/01/2018 with the monthly plan for $25/Month. You have paid 11 months’ rental fee untill 11/05/2018, and you want to purchase the violin.
You need to pay $399.00 - $25 x 11 = $124 to own the violin.
(Important note: The paid insurance fee and shipping fee cannot be used as credits.)
What’s unique about the Rent-to-Own program?
Not all learners know what instrument suits them the best. With the Rent to Own program, you get to try out one or a few different musical instruments before landing on a purchase decision. What makes it even better - you get to choose when to make the purchase. You can buy your rental instruments anytime before the 12-month rental period ends. You can also choose to return the instrument back to Musifai. The flexibility is all yours!
The Rent-to-Own program also allows you to work on your financial situation as a buyer. Your paid rental fee will be used as credits towards the purchase.
Still have questions? Give us a call at (+1) 212-378-6735 or send an email to email@example.com, we are happy to help!