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Ypsilanti Life — Piano purchase

Don't buy cars or pianos for the investment.

Lessons New pianos Piano purchase Used pianos

Don't buy cars or pianos for the investment.

Buy a car because you want to drive it. Buy a piano for the same reason. This week, I learned that the sales people at a major piano manufacturing company were telling prospective buyers that their pianos were sure to increase in value over time. One lady had a piano in layaway, to the tune of $78,000. When she could not afford the payments, she tried to sell it, but the highest offer she could get was the balance she owed, $33,000. First, I didn't even know you could put a piano in layaway. That's awesome. Second, how come these...

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