Welcome to the Piano World Piano Forums
Over 2.7 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

SEARCH
Piano Forums & Piano World
(ad)
Best of Piano Buyer
 Best of Piano Buyer
(ad)
Piano Life Saver - Dampp Chaser
Dampp Chaser Piano Life Saver
Find a Professional
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers

Advertise on Piano World

(ad)
Accu-Tuner
Sanderson Accu-Tuner
Who's Online Now
103 registered members (ars3niy, Akaitsuki, 36251, ando, ADWyatt, Apache, AndyOnThePiano, Ankee, 32 invisible), 1,475 guests, and 566 spiders.
Key: Admin, Global Mod, Mod
(ad)
Estonia Pianos
Estonia Pianos
Quick Links to Useful Piano & Music Resources
Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Live Piano Venues
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Directory/Site Map
*Virtual Piano
*Music Word Search
*Piano Videos
*Virtual Piano Chords & Scales
Previous Thread
Next Thread
Print Thread
Hop To
Page 1 of 5 1 2 3 4 5
Affording a grand piano? #2829536 03/21/19 12:40 PM
Joined: Feb 2019
Posts: 22
S
scottgreen94 Offline OP
Full Member
OP Offline
Full Member
S
Joined: Feb 2019
Posts: 22
I see a lot of people have grand pianos on this forum. How do people pay for their grand pianos. Do you have an extra 20 grand lying around or do you take it out on a loan or finance it?

If you have one what do you have and how did you pay it? At what age did you buy it. I’m 25 and live with my parents so I’m going to wait a few years until I have my own house.


Currently working on:
Chopin Military Polonaise
Beethoven Sonata No.6 in F Major
Piano & Music Gifts & Accessories (570)
Piano accessories and music gift items, digital piano dolly, music theme party goods
Re: Affording a grand piano? [Re: scottgreen94] #2829556 03/21/19 12:57 PM
Joined: Apr 2018
Posts: 8,371
Tyrone Slothrop Online Content
8000 Post Club Member
Online Content
8000 Post Club Member
Joined: Apr 2018
Posts: 8,371
Originally Posted by scottgreen94
I see a lot of people have grand pianos on this forum. How do people pay for their grand pianos. Do you have an extra 20 grand lying around or do you take it out on a loan or finance it?

If you have one what do you have and how did you pay it? At what age did you buy it. I’m 25 and live with my parents so I’m going to wait a few years until I have my own house.

Besides having the cash, taking a loan, getting a second mortgage, and borrowing against a retirement account, in the USA, there are specialty lenders like Allegro Credit, which specialize in musical instruments. (Not suggesting any or all of these alternatives to just using cash actually make sense - they don't to me, especially after reading articles like this one.)


across the stone, deathless piano performances

"Discipline is more reliable than motivation." -by a contributor on Reddit r/piano
"Success is 10% inspiration, and 90% perspiration." -by some other wise person
"Pianoteq manages to keep it all together yet simultaneously also go in all directions; like a quantum particle entangled with an unknown and spooky parallel universe simply waiting to be discovered." -by Pete14
Re: Affording a grand piano? [Re: scottgreen94] #2829558 03/21/19 01:05 PM
Joined: May 2008
Posts: 3,029
WhoDwaldi Offline
3000 Post Club Member
Offline
3000 Post Club Member
Joined: May 2008
Posts: 3,029
Get a klunker. 😁


WhoDwaldi
Howard (by Kawai) 5' 10"
Re: Affording a grand piano? [Re: scottgreen94] #2829563 03/21/19 01:08 PM
Joined: Oct 2012
Posts: 4,574
Retsacnal Offline

Platinum Supporter until Feb 18  2015
4000 Post Club Member
Offline

Platinum Supporter until Feb 18  2015
4000 Post Club Member
Joined: Oct 2012
Posts: 4,574
I would always advise against going into debt to buy a piano. Save your money until you can afford to purchase what you want. If you earn your living teaching lessons, then you could potentially justify financing a piano, since it would help you earn your living (i.e. it’s a cost of doing business).



"If it sounds good, it is good." - Duke Ellington
P E R F O R M A N C E over p r o v e n a n c e

Re: Affording a grand piano? [Re: scottgreen94] #2829565 03/21/19 01:22 PM
Joined: Jun 2016
Posts: 317
D
Davdoc Offline
Full Member
Offline
Full Member
D
Joined: Jun 2016
Posts: 317
I agree with everyone above that one should not finance (loan, line of credit, piling up on credit cards) a piano purchase. Even if you are earning a living (e.g. teaching) on the piano so to justify a loan, you got be careful about the financial part of such borrowing as well.


1969 Hamburg Steinway B, rebuilt by PianoCraft in 2017
2013 New York Steinway A
Kawai MP11

Previously: 2005 Yamaha GB1, 1992 Yamaha C5
Re: Affording a grand piano? [Re: scottgreen94] #2829570 03/21/19 01:43 PM
Joined: Sep 2015
Posts: 2,763
johnstaf Offline
2000 Post Club Member
Offline
2000 Post Club Member
Joined: Sep 2015
Posts: 2,763
I don't see anything wrong with borrowing for a piano. Everybody's circumstances are different though.

Re: Affording a grand piano? [Re: scottgreen94] #2829593 03/21/19 02:31 PM
Joined: Aug 2011
Posts: 6,262
J
JohnSprung Offline
Unobtanium Subscriber
6000 Post Club Member
Offline
Unobtanium Subscriber
6000 Post Club Member
J
Joined: Aug 2011
Posts: 6,262
Originally Posted by scottgreen94
I see a lot of people have grand pianos on this forum. How do people pay for their grand pianos. Do you have an extra 20 grand lying around ......


Save your money. Set your limit. Take your time. Look a lot. I eventually found a 1929 Knabe concert grand for $6500.


-- J.S.

[Linked Image] [Linked Image]

Knabe Grand # 10927
Yamaha CP33
Kawai FS690
Re: Affording a grand piano? [Re: scottgreen94] #2829603 03/21/19 03:12 PM
Joined: Apr 2005
Posts: 1,653
ChatNoir Offline
1000 Post Club Member
Offline
1000 Post Club Member
Joined: Apr 2005
Posts: 1,653
I scoured every ad in the papers and on-line. And one night, perusing "The PennySaver", I found my Estonia 168, almost right out of the box, for $6000. The 84 year old Knabe was sold for $800, and my new baby cost me $5200. And we are still madly in love, 15 years later. So look around, there are deals to be had everywhere.


Some men are music lovers. Others make love without it.
Re: Affording a grand piano? [Re: scottgreen94] #2829626 03/21/19 03:48 PM
Joined: Aug 2012
Posts: 4,668
O
outo Offline
4000 Post Club Member
Offline
4000 Post Club Member
O
Joined: Aug 2012
Posts: 4,668
My used grand piano was not costly, only 5000euros, but I did seriously consider a much more expensive one. My new upright was 9000euros, it took me a while to pay to the bank. Usually better to borrow the money and pay cash. Piano prices are very negotiable. The first asking price for the grand was 8500euros and for the upright 11500euros. They easily came down.

I see nothing wrong in using a loan to buy a piano if one knows the payments are ok and the interest is reasonable. In the time it would have taken me to save that money I would have missed many moons of practice. In fact i have never been able to save anything, I tend to get rid of any extra money fast, there's always someone who needs it more smile
However I have a fixed job with decent income so I know I can handle the payments.

Re: Affording a grand piano? [Re: scottgreen94] #2829651 03/21/19 05:03 PM
Joined: Apr 2006
Posts: 664
EP Offline
500 Post Club Member
Offline
500 Post Club Member
Joined: Apr 2006
Posts: 664
Although I've always been a pay-as-you-go, stay-out-of-debt person, in my neck of the woods many (most?) people take out loans to buy cars, houses, snowmobiles, motorcycles, RV's, etc., and sometimes all of the above.
If you have an income, can manage the payments, don't mind taking on some debt, and a piano is important enough to you, I don't see why it wouldn't be a fine purchase, certainly no worse than buying any other non-essential item. On the other hand, if you're 25 and still live with your parents, I hope you're paying your way and not just sponging off of them. Clearly, as you stated, a piano purchase is not the first thing on the list.

Re: Affording a grand piano? [Re: Retsacnal] #2829665 03/21/19 06:12 PM
Joined: Jan 2018
Posts: 3,254
NobleHouse Online Content
3000 Post Club Member
Online Content
3000 Post Club Member
Joined: Jan 2018
Posts: 3,254
Originally Posted by Retsacnal
I would always advise against going into debt to buy a piano. Save your money until you can afford to purchase what you want. If you earn your living teaching lessons, then you could potentially justify financing a piano, since it would help you earn your living (i.e. it’s a cost of doing business).


+1. Very sage advice.


[Linked Image]
Re: Affording a grand piano? [Re: scottgreen94] #2829668 03/21/19 06:30 PM
Joined: Aug 2018
Posts: 2,976
L
Lady Bird Online Content
2000 Post Club Member
Online Content
2000 Post Club Member
L
Joined: Aug 2018
Posts: 2,976
My parents bought my old Kawai grand when I was a young teenager.
They knew I was going to study music.This was the late 60's and they paid it off in installments.I think it took about a year or 18 months to pay it off.

Last edited by Lady Bird; 03/21/19 06:33 PM. Reason: Missing word
Re: Affording a grand piano? [Re: scottgreen94] #2829671 03/21/19 06:39 PM
Joined: Mar 2007
Posts: 2,113
D
Dave Ferris Offline
2000 Post Club Member
Offline
2000 Post Club Member
D
Joined: Mar 2007
Posts: 2,113
I wasn't able to buy my first grand- a new Yamaha C7e- till I was 35. In 1988 I paid $13,300 out the door from Fields & Sons in Santa Anna. My wife and I put over half down and financed the rest. I've been a Pro musician for over 50 years and have lived in LA for 40 years. So there has always been work.

I kept trading in, or selling, to move up quality wise from the C7.


https://soundcloud.com/dave-ferris

2005 NY Steinway D
# 571692
Re: Affording a grand piano? [Re: scottgreen94] #2829682 03/21/19 07:10 PM
Joined: Mar 2013
Posts: 1,026
patH Offline
1000 Post Club Member
Offline
1000 Post Club Member
Joined: Mar 2013
Posts: 1,026
I had money saved. I only bought my grand piano when I was sure to have enough money to buy a decent one.


My grand piano is a Yamaha C2 SG.
Re: Affording a grand piano? [Re: scottgreen94] #2829692 03/21/19 08:00 PM
Joined: May 2016
Posts: 59
P
parnassus Offline
Full Member
Offline
Full Member
P
Joined: May 2016
Posts: 59
My wife and I were big spenders, but we went cold turkey and saved almost every dollar we earned for 4 years. This was enough for a property down-payment, furniture and a nice piano. I wouldn't have been able to do it in that time frame on a single income. Make sure you stick to your guns and buy your house before your piano!

Re: Affording a grand piano? [Re: scottgreen94] #2829754 03/21/19 11:12 PM
Joined: Jun 2003
Posts: 27,850
B
BDB Offline
Yikes! 10000 Post Club Member
Offline
Yikes! 10000 Post Club Member
B
Joined: Jun 2003
Posts: 27,850
My mother-in-law sold her engagement ring to pay for her piano. The marriage still lasted until he died.


Semipro Tech
Re: Affording a grand piano? [Re: scottgreen94] #2830287 03/23/19 06:38 AM
Joined: Dec 2016
Posts: 72
W
willpianist Offline
Full Member
Offline
Full Member
W
Joined: Dec 2016
Posts: 72
It's a matter for priority I suppose. Many people in the western world has a car. A Japanese grand piano is roughly the cost of a Camry and a German Piano is roughly the cost of a new BMW. For me it is a matter of not getting a new car and keep using the car until it dies.

Re: Affording a grand piano? [Re: scottgreen94] #2830336 03/23/19 09:01 AM
Joined: Nov 2009
Posts: 3,197
J
joe80 Online Content
3000 Post Club Member
Online Content
3000 Post Club Member
J
Joined: Nov 2009
Posts: 3,197
I was actually just very very lucky, and I'm very grateful for the help I received.

Re: Affording a grand piano? [Re: scottgreen94] #2830347 03/23/19 09:19 AM
Joined: Oct 2010
Posts: 85
C
cagal Offline
Full Member
Offline
Full Member
C
Joined: Oct 2010
Posts: 85
I searched around and bought a very nice used piano for $10K The finish isn’t perfect but the piano is terrific!

Re: Affording a grand piano? [Re: scottgreen94] #2830412 03/23/19 11:41 AM
Joined: Jun 2003
Posts: 27,850
B
BDB Offline
Yikes! 10000 Post Club Member
Offline
Yikes! 10000 Post Club Member
B
Joined: Jun 2003
Posts: 27,850
How you pay for things depends on your situation. If you have a good FICA score, if you have assets that exceed the amount you are paying, if you have a steady income that is greater than your basic expenses, you might find it more convenient to stretch out payments over a while. Otherwise, you are probably better off lowering your expectations. If you decide to finance anything, it is always better to arrange financing before you shop, especially avoiding store financing. You can get a better deal that way.

When I remodeled my home, I looked around for lines of credit. It turns out that the best rate was secured by my stock portfolio. That taught me how so many of the $1-million-plus homes around here are sold in all-cash deals.


Semipro Tech
Page 1 of 5 1 2 3 4 5

Moderated by  Ken Knapp, Piano World 

Shop our Store for Music Lovers!
Christmas Ornaments Music Theme
(ad)
Pianoteq
PianoTeq Bechstein
(ad)
Faust Harrison Pianos
Faust Harrison 100+ Steinway pianos
New Topics - Multiple Forums
Removing action from Bechstein V, early 1900's
by jkess114 - 12/08/19 03:17 PM
'Re-Shaping hammers and shanks'?
by LS35A - 12/08/19 12:28 PM
Inevitable progress
by Animisha - 12/08/19 11:50 AM
Like Forscore but for Mac suggestions please
by dhts - 12/08/19 09:38 AM
What's Hot!!
Our August Newsletter is Out!
------------------
Mason & Hamlin Piano Factory Tour!

-------------------
Posting Pictures on the Forums
-------------------
Forums RULES & HELP
-------------------
ADVERTISE on Piano World
Forum Statistics
Forums41
Topics195,572
Posts2,899,751
Members95,180
Most Online15,252
Mar 21st, 2010
Please Support Our Advertisers


Faust Harrison 100+ Steinways

Dampp Chaser Piano Life Saver

 Best of Piano Buyer

PianoTeq Bechstein
Visit our online store for gifts for music lovers


 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
| Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter |


copyright 1997 - 2019 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission
Powered by UBB.threads™ PHP Forum Software 7.7.3