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#1789687 - 11/15/11 08:12 PM Yamaha U1/EP
michigan girl Offline
Junior Member

Registered: 11/12/11
Posts: 12
Thank you very much for your help with a 1880s Steinway I looked at before. You really helped me not to make the wrong decision!!!
Now I am looking at the 2003 Yamaha U1/EP that was used by a little girl. Her parents are moving and want to sell it for $5,000. They claim that they got it new for $11,000. I am in Canada (Ottawa). What do you think I can offer them? What is a fair price and at which price you can call it a steal? smile
I need this piano for my SERIOUSE 10 year old who plays well and outgrew her electronic piano a while ago... I just don't have lots of money to spend.

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#1789700 - 11/15/11 08:27 PM Re: Yamaha U1/EP [Re: michigan girl]
Steve Cohen Online   content
Yikes! 10000 Post Club Member

Registered: 05/26/01
Posts: 10741
Loc: Maryland/DC/No. VA
The $5000 price is more than fair if the history is accurate. Theft is up to you.
_________________________
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Since 1937.

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My postings, unless stated otherwise, are my personal opinions, not those of my clients.

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#1789712 - 11/15/11 09:02 PM Re: Yamaha U1/EP [Re: Steve Cohen]
michigan girl Offline
Junior Member

Registered: 11/12/11
Posts: 12
Then the recent discussion about new Yamaha U1s for $5800 does not make sense... $5,000 for a 7 year old v.s. $5,800 for the new (which includes delivery + tuning)...

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#1789719 - 11/15/11 09:22 PM Re: Yamaha U1/EP [Re: michigan girl]
AGuy2 Offline
Full Member

Registered: 11/04/11
Posts: 26
Loc: Dixon, CA
The $5800 for a new U1 is right, at least in the urban areas with lots of dealers.

U1s hold their price very well and are much sought after. Check.the serial number to see if it was built for the US. If.it wasnt then that may giive you room for negotiating with the associated risks.

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#1789721 - 11/15/11 09:27 PM Re: Yamaha U1/EP [Re: michigan girl]
PianoWorksATL Offline
3000 Post Club Member

Registered: 09/19/09
Posts: 3188
Loc: Atlanta, GA
Originally Posted By: michigan girl
Then the recent discussion about new Yamaha U1s for $5800 does not make sense... $5,000 for a 7 year old v.s. $5,800 for the new (which includes delivery + tuning)...
The U1 is practically unique among upright pianos in that it is treated like a commodity. The super-low new prices are usually in group buy situations with other strings attached. Also, when a low price is quoted here, sometimes there is an agenda that accompanies the story. Here in Atlanta, in a private sale situation, I'd expect a U1 that is under 10 years old to sell for $4000-$4500. I hear Canada tends to be more expensive (new & used).
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#1789806 - 11/16/11 12:36 AM Re: Yamaha U1/EP [Re: michigan girl]
DougMorgan Offline
Full Member

Registered: 03/03/10
Posts: 47
Loc: Kelowna BC, Canada
If the piano was originally sold in 2003 in Canada it should still be under warranty for a year or two from Yamaha. I would try and contact the dealer that originally sold the piano to see if you can verify that the warranty is good and any other info they might give you. $11000 sounds like the current full-blown yamaha "list" price which I don't think anyone actually pays, even in Canada.

There are tables that give the age and the original market on the yamaha.usa website but they don't always work for Canadian-destined products. If you email the piano support people at Yamaha Canada with the serial number they will tell you the year of manufacture and the original market. I asked them twice and each time it took about 24 hours to get back to me.

Note that the year of manufacture and the actual delivery date to the original purchaser may be far apart -- for warranty I think you need to verify the sale with the dealer. From what I've been told the pianos are in a sealed container until the dealer opens them which might be a year or more from the date of manufacture.

I'm in BC but $5000 for a Canadian, 1 owner, piano that is in excellent condition and still (barely) under warranty would be a pretty good deal. We were looking at one that was 12 years old and they were asking $4500. If the seller is not the original owner I would be more cautious and probably wouldn't pay as much unless you can verify the history. I would have the piano looked over by a professional in either case.


The prices in the USA,especially California, don't seem to be comparable to the prices in Canada. Maybe it's the Walmart mentality down there or maybe Yamaha Canada is buying the things from California and reselling them here. I don't know but it's odd that for Yamaha Electronics the cost is very similar and sometimes even better up here. I've noticed that many Japanese companies that used to gouge in Canada seemed to have stopped once it got easier to just buy out of the states -- tough with a piano though unless you own a moving van.

I hope it works out for you -- we love the U1 we bought.
Doug



Edited by DougMorgan (11/16/11 12:52 AM)

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#1789810 - 11/16/11 12:52 AM Re: Yamaha U1/EP [Re: michigan girl]
gnuboi Offline
2000 Post Club Member

Registered: 04/26/10
Posts: 2472
Loc: USA
Originally Posted By: michigan girl
Then the recent discussion about new Yamaha U1s for $5800 does not make sense... $5,000 for a 7 year old v.s. $5,800 for the new (which includes delivery + tuning)...


Pianos cost more in Canada, that's why. Try bargaining if you like.

Also of interest is that in Europe, they seem to just replace the dollar sign with the euro sign when pricing items, never mind that the euro (still?) is stronger than the dollar...

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