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#2059492 - 04/04/13 10:21 PM Re: Buying a Rebuilt Piano [Re: novicesearcher]
Derulux Offline
5000 Post Club Member

Registered: 06/06/05
Posts: 5446
Loc: Philadelphia
Originally Posted By: novicesearcher
I guess what I want to know is, if my wife & son are satisfied with the sound & feel of each piano, which piano is most likely to hold up in value over time. If you had a choice of several cars, and they all performed relatively close to each other, wouldn't you purchase the one that would most likely hold up in value over time? If so, which car, or in this instance which piano, would you buy. I believe each of these pianos is an excellent instrument, but which will most likely hold up in value over time? Does this make sense? My son & wife will determine the best piano piano(s) musically, but I need to examine the choices from an investment standpoint, or should I not me concerned about that? Thanks for your help.. Thanks

I am concerned with this viewpoint. I'm guessing here that you're a business/finance guy, and are very concerned with getting the most value out of your dollar. In this, we are like-minded. But your back-end concern may be limiting your perspective a little on this one.

Consider a new car: the second you drive the car off the lot, its value decreases. And its value will decrease for every tenth of every mile after that. The 5-year trade-in value of a 2008 Pontiac G6 might be 40% of its sticker price. But usually, I'm more concerned with how the car drives, how it feels to sit in it, its crash rating, performance, and serviceability than its trade-in value. Why? Because every car's value decreases over time, so I'm more concerned with getting what I want than a few hundred dollars five years down the road.

Now, look at a piano. Pianos are a much longer-term investment. You don't typically buy a piano to sell it in five years and get a new one. Typically, you'll own that piano for 10-20-30 years or more (if it's a good instrument). Are you more concerned with 10% extra trade-in value twenty years from now, or are you more concerned with the piano's performance over those twenty years? As a pianist, and a businessman, I can tell you the piano's performance is far more important than that extra 10%. Or 20%. Heck, or 50%. A piano is, potentially, a lifetime investment, so it makes less sense to consider trade-in value (or resell value) over the quality of the instrument.

I'll clarify: it's okay to consider trade-in, trade-up, or resell value, but that value should never trump the quality of the instrument. Otherwise, you'll be miserable for the 20 years you own the piano, and happy only for the ten minutes when it finally (re)sells. wink
_________________________
Every day we are afforded a new chance. The problem with life is not that you run out of chances. In the end, what you run out of are days.

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#2059537 - 04/05/13 12:52 AM Re: Buying a Rebuilt Piano [Re: Derulux]
Ed McMorrow, RPT Online   content
3000 Post Club Member

Registered: 12/09/12
Posts: 3970
Loc: Seattle, WA USA
DERLUX,
I couldn't of said it any better. I have never regretted the experience and satisfaction that producing a fine grand gives me. That is why I work on pianos. That is why I chose this line of work. I love hearing and feeling the emotion that can be produced by a wonderful instrument. And lucky for me, pianists do as well and some of them buy a piano or rebuilding or tone-regulation or general piano services from me enough to keep me in business at it.
_________________________
In a seemingly infinite universe-infinite human creativity is-seemingly possible.
According to NASA, 93% of the earth like planets possible in the known universe have yet to be formed.
Contact: Ed@LightHammerpiano.com

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#2293485 - 06/22/14 04:44 PM Re: Buying a Rebuilt Piano [Re: novicesearcher]
chasingrainbows Offline
1000 Post Club Member

Registered: 09/19/06
Posts: 1524
Loc: NJ
Hi novicesearcher, it's been over a year since you posted about your rebuilt Steinway. I'm interested in knowing if you ever accepted the rebuilt piano, and if so, are you satisfied with the instrument?
_________________________
Piano teacher, BA Music, MTNA member

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#2293516 - 06/22/14 06:06 PM Re: Buying a Rebuilt Piano [Re: Derulux]
Grandman Offline
Full Member

Registered: 08/18/12
Posts: 397
Loc: Usa
Originally Posted By: Derulux
Originally Posted By: novicesearcher
I guess what I want to know is, if my wife & son are satisfied with the sound & feel of each piano, which piano is most likely to hold up in value over time. If you had a choice of several cars, and they all performed relatively close to each other, wouldn't you purchase the one that would most likely hold up in value over time? If so, which car, or in this instance which piano, would you buy. I believe each of these pianos is an excellent instrument, but which will most likely hold up in value over time? Does this make sense? My son & wife will determine the best piano piano(s) musically, but I need to examine the choices from an investment standpoint, or should I not me concerned about that? Thanks for your help.. Thanks

I am concerned with this viewpoint. I'm guessing here that you're a business/finance guy, and are very concerned with getting the most value out of your dollar. In this, we are like-minded. But your back-end concern may be limiting your perspective a little on this one.

Consider a new car: the second you drive the car off the lot, its value decreases. And its value will decrease for every tenth of every mile after that. The 5-year trade-in value of a 2008 Pontiac G6 might be 40% of its sticker price. But usually, I'm more concerned with how the car drives, how it feels to sit in it, its crash rating, performance, and serviceability than its trade-in value. Why? Because every car's value decreases over time, so I'm more concerned with getting what I want than a few hundred dollars five years down the road.

Now, look at a piano. Pianos are a much longer-term investment. You don't typically buy a piano to sell it in five years and get a new one. Typically, you'll own that piano for 10-20-30 years or more (if it's a good instrument). Are you more concerned with 10% extra trade-in value twenty years from now, or are you more concerned with the piano's performance over those twenty years? As a pianist, and a businessman, I can tell you the piano's performance is far more important than that extra 10%. Or 20%. Heck, or 50%. A piano is, potentially, a lifetime investment, so it makes less sense to consider trade-in value (or resell value) over the quality of the instrument.

I'll clarify: it's okay to consider trade-in, trade-up, or resell value, but that value should never trump the quality of the instrument. Otherwise, you'll be miserable for the 20 years you own the piano, and happy only for the ten minutes when it finally (re)sells. wink


Exactly! I couldn't agree more.

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#2293552 - 06/22/14 08:05 PM Re: Buying a Rebuilt Piano [Re: novicesearcher]
swiharta Offline
Full Member

Registered: 08/23/05
Posts: 24
deleted


Edited by swiharta (06/23/14 02:55 AM)

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