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#1289239 - 10/18/09 10:38 AM Yamaha M500 (1995)  
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motherof2 Offline
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motherof2  Offline
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I came cross a Yamaha M500(cherry wood)which is in good condition. But it hasn't been tuned in the last four years. How much is the reasonable offer?Thanks!

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#1289258 - 10/18/09 11:18 AM Re: Yamaha M500 (1995) [Re: motherof2]  
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pianobroker Offline
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pianobroker  Offline
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North Hollywood CA.
A reasonable offer would probably be less than what the seller would be willing to sell the piano for.It also would have to be a realistic depreciated price from that of a new one. I'd offer $750 and maybe go to $1000 of course contngent on the piano being in near mint condition. The worst the seller can say is NO WAY,JOSE! .You know the anwser if the seller returns your offer with a "how soon can you get it out of here" grin

It actually also depends on what mdl.M500 cherrywood the seller has. They vary in the cabinet design and also in the price of the piano "new"

Last edited by pianobroker; 10/18/09 11:20 AM.

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#1289306 - 10/18/09 12:52 PM Re: Yamaha M500 (1995) [Re: pianobroker]  
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motherof2 Offline
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Pianobroker,Thanks for your input! Sorry that I forgot to mention the asking price is $2500. I'm not sure if I should have a viewing of the piano since the price gap is that signanificant!

#1289637 - 10/19/09 04:07 AM Re: Yamaha M500 (1995) [Re: motherof2]  
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pianobroker Offline
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North Hollywood CA.
I might have been a bit harsh on the "fair market value" of this piano but not by much $. Maybe $1000-$1500 max from a private party. It depends on whether the styling meets your furniture criteria. That is the designated market for this type piano(console).Now if it were the Parisian or the more expensive French Provincial in so called cherry, maybe $1500 would be Ok. Again only if the particular furniture styling floats your boat. The piano was manufactured in the now defunct Georgia factory so...it is not of your better Hamamatsu,Japan factory artist level piano. It's all in what you want! A much higher performance Yamaha can be obtained whether new or preowned for not much more than $2500 so you got it cheaper or not at all. Good luck! wink

Last edited by pianobroker; 10/19/09 04:08 AM.

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#1289870 - 10/19/09 12:35 PM Re: Yamaha M500 (1995) [Re: pianobroker]  
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motherof2 Offline
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Thanks a lot for your valuable input! I also came cross a used 2007 Yamaha T116. The owner claimed that he bought it for his young daughter. She played it for a year and then stop. He asked $3800(original purchase price is $4800 in 2007). At the same time, I went to the local Yamaha dealer and got the quote of $7050 which includes tax,delivery and one tuning for a brand new U1. I don't think I can cut the price much on the T116, and then add delivery, tuning and purchase consultation fee I'm looking at $4000 total. Which one is better choice if I assume that my five year old boy will play the piao 5 or 10 years down the road? Do I still need hire a technician to look at it before the purchase given the young ages of this T166?
Your input will be very much appreciated!

#1289911 - 10/19/09 01:37 PM Re: Yamaha M500 (1995) [Re: motherof2]  
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ChasT Offline
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Georgia
Hi, Motherof2. Welcome to the forum.

Have you looked through Larry Fine's pianobuyer.com website? There's a link on the upper right side of this page. You need to read the sections on pricing pianos, used and new. They're on pages 47 and 188. Larry Fine is one of THE gurus on pianos. His book and website carry great weight.

The economy is much different than it was when the T116 was originally purchased. You'll probably be able to buy a new Yamaha T118 for very little more the used T116. This depends, of course, on where you live. You should be able to find a new Kawai K-2 for a similar price. Check out the Kawai UST-9 and K-3, also. Look at Hailuns and Brodmanns. Check craigslist, too.

Anyway, enjoy your search. Keep in touch. The folks here like piano searches and we feel really good when someone finds the right piano.

Charles

PS: Where do you live, more or less (street address not necessary.) Perhaps someone here can point you in a productive direction. CT


#1289956 - 10/19/09 02:59 PM Re: Yamaha M500 (1995) [Re: ChasT]  
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motherof2 Offline
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Thank you ChasT! I live in Raleigh,NC area. There is only one Yamaha dealer in our area. So the price is on highend. I got the quote of $7050 this morning for U1(which cost $1000 more than NJ area)and had no idea of the price of T118. I just guess it wouldn't be cheap since there is virtually no compitition here.

#1290056 - 10/19/09 05:57 PM Re: Yamaha M500 (1995) [Re: motherof2]  
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ChasT Offline
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ChasT  Offline
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Georgia
Motherof2,

You've mentioned only Yamaha pianos so far. Is there a reason? There are lots of dealers with desirable brands in your area.

Charles

#1290111 - 10/19/09 07:13 PM Re: Yamaha M500 (1995) [Re: ChasT]  
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motherof2 Offline
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ChasT,
Any suggestions? I'm not really limited to Yamaha.Thanks

#1290120 - 10/19/09 07:22 PM Re: Yamaha M500 (1995) [Re: motherof2]  
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Marty Flinn Offline
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The used T116 is essentially the same piano on the inside as the M500 and built in the same factory. Performance would be very similar. Don't pay more if you like the looks of the M500 better.


Co-Author of The Complete Idiot's Guide To Buying A Piano. A "must read" before you shop.
Work for west coast dealer for Yamaha, Schimmel, Bosendorfer, Wm. Knabe.
#1290374 - 10/20/09 06:38 AM Re: Yamaha M500 (1995) [Re: Marty Flinn]  
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motherof2 Offline
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Marty Flinn, how about the age difference here? The T116 is only 2 years old and till under warranty. The M500 is 14 years old.Thanks!

#1290404 - 10/20/09 08:09 AM Re: Yamaha M500 (1995) [Re: motherof2]  
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ChasT Offline
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ChasT  Offline
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Georgia
Hi, Mother.

Sorry I was slow getting back to you. I spent my evening talking to my good friend, the Dell tech in Bombay. Once my new computer gets new memory and a new hard drive, it should be like new.

I see you've met Marty. He's a regular and gives excellent advice. You might consider getting his book " The Complete Idiot's Guide to Buying A Piano."

I searched "pianos in Raleigh, NC" and found lots of stores. Hopefully, they're still around. Here's what I found:

Ruggero Piano - Charles Walter, May Berlin, Young Chang. Walters are excellent but over budget. Maybe used? I like May Berlin. Young Chang Platinum Edition should be okay.

Hopper Piano - Brodmann. Nice pianos. Worth looking at.

Maus Piano - Kawai. Try K-2, UST-9 (my piano), and K-3.

The Piano Center - Baldwin.

You know the Yamaha guy. T-118, T-121, P-22.

Some here like Ritmuller and Perzina. I have no experience with them. I like Wm. Knabes. If you find a Hailun dealer, they get excellent reviews, too. Maybe one day, I'll get to see one.

You haven't really stated a budget, so I've been trying to stay more or less around the prices you've mentioned or a little above.

Now go play lots of pianos. Figure out what you like. If you have questions, just ask. Good luck!

Charles








#1290614 - 10/20/09 01:55 PM Re: Yamaha M500 (1995) [Re: ChasT]  
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Marty Flinn Offline
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Marty Flinn  Offline
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Newer is better when choices are analogous.

Yamaha warranties are not transferrable so the T116 would not be under warranty to you the second owner.

The last new Yamaha T116 rolled out the Thomaston, GA, USA factory door on or before March 2007.


Co-Author of The Complete Idiot's Guide To Buying A Piano. A "must read" before you shop.
Work for west coast dealer for Yamaha, Schimmel, Bosendorfer, Wm. Knabe.
#1293010 - 10/24/09 04:02 PM Re: Yamaha M500 (1995) [Re: Marty Flinn]  
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motherof2 Offline
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Hi All:
Just want to update all of you who gave me the wonderful advice on piano purchasing. I just bought a brand new Kawai K3 today! I bought it from one of the store mentioned in ChasT's post, Maus Piano. The sales manager was very helpful and got me a good deal.
Marty Flinn,thank you so much for your post about the Yamaha warranties. It did make a differece on our decision towards the used T116.
I'm sure I will have more questions in the future and I just want all of you know that your help is deeply appreciatd!!!
Judy

#1293062 - 10/24/09 05:31 PM Re: Yamaha M500 (1995) [Re: motherof2]  
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Marty Flinn Offline
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Marty Flinn  Offline
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Congratulations on your new piano!


Co-Author of The Complete Idiot's Guide To Buying A Piano. A "must read" before you shop.
Work for west coast dealer for Yamaha, Schimmel, Bosendorfer, Wm. Knabe.
#1293093 - 10/24/09 06:35 PM Re: Yamaha M500 (1995) [Re: Marty Flinn]  
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ChasT Offline
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ChasT  Offline
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Georgia
Congratulations, Motherof2. The K-3 is a really nice piano. Now enjoy.

Charles


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