An Inside Look at Instrument Loans
Is the dream of borrowing a fine instrument a reality?
A salesman at a fine violin shop tells the story of a family that came to him and bluntly asked to borrow a Stradivari violin for several months. The salesman politely explained, that as a business proposition, he could not possibly loan a Strad in that way. For a Strad costing $1 million, even if one could finance it—say with ten percent down for ten years at eight percent interest—the shop's monthly payments would be $8,100! Furthermore, this would be a loss to the shop of $16,200 for the two months without the income from having sold the Strad. Sobered but undeterred, the father rejoined, "Okay, so how much would it be to rent the Stradivari for a few months?"
This article, "An Inside Look at Instrument Loans," is part of the Strings Archive, which you can access with a paid site subscription.
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