Trading-In Purchased Rentals

Trading-In Toward Similar Quality Instruments

Once an instrument outfit is paid off through the rental program, the outfit may be traded-in for another outfit of equal or greater value. When trading-in an outfit purchased through rental toward another rental-quality instrument of equal or greater value, the trade-in policy is as follows:

*For the first 3 months of ownership, the trade-in value will be 100%, minus any loss in value due to misuse, damage, or repairs needed.

*After the first three months of ownership, the trade-in value will be 100% minus a 10% devaluation per year of ownership and less any loss in value due to misuse, damage, or repairs needed. (There is a maximum devaluation of 30%--excluding loss in value due to misuse, damage, repairs, etc.)***

For Example: Ten months after paying off your 1/2 violin outfit through rental, your son/daughter needs the larger 3/4 violin outfit. Your 1/2 violin outfit trade-in value (toward an instrument of equal or greater value) would be 90% of the $400, which would be $360.00. When you bring in your instrument, we will also evaluate its condition to determine whether or not there will be additional devaluation for excessive wear or repairs needed. This policy applies to instruments purchased from Lashof Violins.

Trading-Up In Quality from a Purchased Rental

When trading an outfit paid-off through rental toward a handmade, step-up instrument, the trade-in value will be as follows:

*The trade-in value will be 70% of rental money paid plus a $75 (violin/viola) or $150 (cello) fee for exchange, less any loss in value due to misuse, damage, or excessive repairs needed. 

For Example: You purchased a viola for $600 through rental and wish to trade it in toward an upgraded instrument. Your trade-in value toward the step-up instrument would be 70% of the $600, ($600 x 70%= 420.00), minus the $75 fee, which would give you a maximum trade-in value of $345.00. When you bring in your instrument for trade, we will also evaluate its condition to determine whether or not there will be additional devaluation for excessive wear/damage or repairs needed. This policy applies to instruments purchased through Lashof Violins. All trade-ins must be made by original purchaser; trade-ins made by someone other than original purchaser will be evaluated individually.

Trading-In a Student Quality Instrument Outright Purchase
(Not Purchased Through Rental)

When trading an outfit purchased outright (not through rental) toward another student quality instrument or handmade, step-up instrument, the trade-in value will be as follows:

*The trade-in value will be 100% of the outfit price paid plus a $75 (violin/viola) or $150 (cello) fee for exchange, less any loss in value due to misuse, damage, or excessive repairs needed. 

*This policy also applies to instruments paid off within the first three months of rental; those which include the 30% discount for early-payoff.

For Example: You outright purchased a violin for $385 (not through a completed rental) and wish to trade it in toward an upgraded instrument. Your trade-in value toward the instrument would be 100% of the $385 minus the $75 fee, which would give you a maximum trade-in value of $310.00. When you bring in your instrument for trade, we will also evaluate its condition to determine whether or not there will be additional devaluation for excessive wear/damage or repairs needed. This policy applies to instruments purchased through Lashof Violins. All trade-ins must be made by original purchaser; trade-ins made by someone other than original purchaser will be evaluated individually.

Handmade Trade-Ins

When trading a handmade instrument and bow (in this instance, by "handmade" we mean anything above a rental quality purchase) to another handmade instrument/ outfit of equal or greater value, the trade-in value may be up to 100% for the instrument and bow, less any loss in value due to misuse, damage, or excessive repairs needed. (Case trade-ins are accepted on a case-by-case instance and will be valued according to wear/condition.)

Lashof Violins does not assess a flat restoration fee or flat trade-in value to handmade instruments/bows. Each instrument/bow is evaluated individually. Well-maintained instruments/bows will have higher trade-in values than items showing signs of neglect/damage or in need of maintenance. This policy applies toward instruments/bows purchased through Lashof Violins. All trade-ins must be made by original purchaser; trade-ins made by someone other than original purchaser will be evaluated individually.