1 East Diamond Ave. Ste F Gaithersburg, MD 20877
301.330.2606
301.330.2606
Update Regarding Our Trade-In Policy During COVID-19 Crisis
We understand that instrument trade-ins cannot happen during our state-mandated closure.
Please note: if you have an instrument you wish to trade-in and have been unable to do so because of the COVID-19 closures/
recommendations of social distancing, we will extend these trade-in dates based on the amount of time we are required to remain closed.
When we are allowed to re-open for business as usual, we will come up with more concrete trade-in extension dates.
We understand that instrument trade-ins cannot happen during our state-mandated closure.
Please note: if you have an instrument you wish to trade-in and have been unable to do so because of the COVID-19 closures/
recommendations of social distancing, we will extend these trade-in dates based on the amount of time we are required to remain closed.
When we are allowed to re-open for business as usual, we will come up with more concrete trade-in extension dates.
Trading-In Purchased Rentals
Trading-In Toward Similar Quality Instruments
An instrument outfit purchased through the rental program may be traded-in for another rental quality outfit of equal or greater value. The trade-in policy toward rental quality instruments of equal/greater value is as follows:
|
Time of Ownership |
Trade in Value |
|
First 3 Months |
100% |
|
Months 4-12 |
90% |
|
Year 2 |
80% |
|
Year 3 and Beyond |
70% |
| This policy also applies to rental quality instruments/outfits previously purchased using a purchased rental as a trade-in. Purchased rentals may NOT be traded-in toward a new rental contract.*** |
Trading-Up In Quality from a Purchased Rental
When trading in an outfit paid-off through rental toward a step-up instrument, the trade-in value will be as follows:
| Trade-In Value | 70% with a $75 (violin/viola) or $150 (cello) trade-up fee (Minus and loss in value due to misuse, damage, repairs) |
Trading-In a Student Quality Instrument Purchased Outright
Outfits Not Purchased Through RentalWhen trading-in an outfit purchased outright (not through rental or previously purchased using a traded-in rental purchase) toward another student quality instrument or step-up instrument, the trade-in value will be as follows:
| Trade-In Value | 100% with a $75 (violin/viola) or $150 (cello) trade-in fee (Minus any loss in value due to misuse, damage, repairs) |
| *This policy also applies to instruments paid off within the first three months of rental; those which include the 30% discount for early-payoff.*** |
Step-Up/Advanced Instrument Outfit Trade-Ins
Step-Up Instruments Not Purchased Through RentalWhen trading an advanced instrument and bow (items not purchased through rental) to another handmade instrument/outfit of equal or greater value, the trade-in is as follows:
| Trade-In Value | 100% for the Instrument & Bow (Minus any loss in value due to misuse, damage, repairs) |
*Case trade-ins are accepted on a case-by-case instance and trade-in values will be determined according to individual 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. Lashof Violins reserves the right to decline trade-ins of instruments/bows/cases/outfits which are deemed damaged beyond reasonable repair.