||The terms of our rental contract are similar to many others. Legally, the agreement is a "Rent-to-Own" contract. This means that if you complete all the payments of the 36 month term, you own the instrument. There is an early buy-out option, which allows you to purchase the rental outfit before the end of the term, or use your credit toward the purchase of another instrument. Roughly 80% of your monthly payment before tax is going toward the principal value of the rental instrument. At any point after 3 months, you are able to return your rental and use this accumulated amount toward an instrument purchase.
We offer a 36 month term. There is a three month minimum rental period. After that time, you can return the instrument or outfit to us, and the contract is terminated. If you return the instrument to us before 3 months, you will be charged for the remainder of this period. If you need to exchange your outfit for a larger size, that is done on the current contract. No need to fill out the contract again. Simply contact us to make arrangements for the exchange. Continue making payments on your original contract.
Financial (Formerly National Music
the organization that will be charging
your monthly payments, and sending your
statements. Any billing questions should
go to them. Questions about the instrument
should be directed to Quinn Violins.
You can contact Monterey Financial
Maintenance Included. Included
in our rental rates, are common maintenance
needs such as string replacement, bow
rehair, minor adjustments. The cost to
repair damage is not considered to be
Maintenance, and you will be charged
for any needed repairs. We are not concerned
with minor scratches or dings in the
varnish, as these are rental instruments,
and signs of wear are typical. However,
any serious damage which requires us
to make repairs, or renders the instrument
worthless is your responsibility.
laws of the State of Minnesota shall
govern our contract.
Minnesota sales tax of 7.275% is applied
to all payments.