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Our mission is to
provide the very best learning experience possible for every Student
while we provide the best value in the business to the Renter.
This is accomplished by our simple customer oriented rental
programs. You will find they do NOT have: hidden fees,
changing payments and/or other gimmicks that are not in the best
interest of the renter. For the Student, we provide a
better quality instrument that has been professionally adjusted at a
GREAT price!
Our two most popular rental programs
are: Rent-To-Own and our Flex Rental.
Here we explain our Rent-To-Own program. (Click
HERE - Flex Rental program to
view the other)
Rent-To-Own Program Overview
Under our
Rent-To-Own
program, 100% of all base rental payments made are applied to the
purchase of the instrument you choose to rent. There are
no interest, finance or hidden charges with an Atlantic Strings,
Inc. Rent-To-Own agreement. We never inflate or otherwise
increase the price of the instruments we rent. ALSO - your
initial rental payment does NOT change during the life of the
agreement - it stays at the very low payment you agreed to. You will
find that our policies
are the most flexible and customer oriented in the industry.
Your Obligation
All Rent-To-Own
contracts are for a minimum period of six (6) months. After this initial period, instruments
can be returned without any further obligation. The full term
of a Rent-To-Own contract will have you owning your
instrument/outfit in thirty six (36) months or less (depends on
instrument rented). The base monthly
rental payment is calculated by taking the price of the instrument you
select and dividing it by thirty six (36) months (or less - whichever
term you choose - up to a maximum of 36 total consecutive months).
How Rent-To-Own works
#1 Select one of the
hundreds of quality instruments we have to rent
#2 Determine the monthly
rental & tax fees by taking the price of the instrument and adding
the tax to it. Then divide this total by the number of months in the
rental period that work best for you (maximum 36 months)
#3 Determine the
Maintenance & Replacement (M&R) cost for the instrument
selected (this is a monthly fee that starts at $5.00 per month and
covers the cost for any repairs or replacement needed due to:
damage, theft, fire and loss during the term of the rental period
(all at no additional cost to you)
#4 With 2 & 3 above, a
total monthly fee will be established. If you are not renting the
first day of the month, the fees for the first month will be
pro-rated
#5 Provide a Security
Deposit based upon the total price of the instrument as follows:
A. For instruments above
$500.00 a 10% deposit is required *
(payable in check, credit card or cash and part of the contract)
B. For instruments from $ 50.00 to $300.00 the deposit required is
$40.00*
C. For Instruments from
$301.00 to $499.00 the deposit required is $50.00
* The security deposit will either be applied
to the
purchase of the instrument or be returned to the renter when the
instrument is returned in the same condition and if the rental
payments
are current
#6 Complete and sign an
agreement/contact that clearly defines all of the above
#7 Make the first & last
month's payments as well as the Security Deposit via
credit card, debit card, check or cash
#8 Take home and enjoy
your beautiful instrument!
Other Items of
Interest
(benefits to you)
Early Payoff
-
should you decide to pay off your Rent-To-Own instrument early,
please take 10% off the balance due. The payoff
figure can always be calculated by taking the number months left in your
Rent-To-Own
contract and times that number by the total of rent plus tax for
each month. Then take 10% off that amount to determine your
early payoff balance.
Equity
If you rented an
instrument under our Rent-To-Own program for 6 or more months, you
can apply up to six months of the base rental payments toward any other
instrument as an exchange or purchase.
If you have any
questions about our rental program, please email
rent@atlanticstrings.com
or call 1 (866)
284-6546 to speak
with one of our rental specialists.
Specific Terms & Conditions of this
agreement
The Person named in the on line rental
application's first text field - First and Last Name of Parent - is
referenced here as the Renter.
The
following are the specific terms and conditions
that are agreed to by both Atlantic Strings, Inc
and the Renter.
Atlantic Strings, Inc. (A.S., Inc.) Rental Plan permits
you to (a) Rent as you wish (B) Purchase instrument at any
time (C) Return the instrument whenever you wish with 180
days minimum rent term. In as much as the rental
payments may be applied to purchase of the instrument it
is necessary to clearly define the following to conform with the
federal Truth-In-Lending Act. If you are not clear
on these terms and condition, please call one of our rental
specialist at
(866)
284-6546 or email your specific questions to
rent@atlanticstrings.com
before clicking the Submit button on the online rental application
form.
If the Renter, within 90 days from the date hereof, pays in full
the balance due, this shall be considered a
cash sale, and the Renter shall receive credit for all
base rental payments
made against this price. Also, certain DISCOUNTS may be
available.
Further:
1. It is understood that THE Renter RESERVES THE
RIGHT TO RETURN THE INSTRUMENT LISTED AT ANY TIME
AFTER FULFILLING MINIMUM TERM AND THIS AGREEMENT
WILL BE CANCELLED. No refund of money will
be made when the instrument is returned, as all
money paid shall be considered rent until full
payment is made.
2. ALL MONEY
PAID AS BASE RENT WILL APPLY TOWARD THE PURCHASE OF THE
INSTRUMENT.
3. A
$10.00 per
month Late Fee will be assessed on all accounts 10
DAYS PAST DUE. After 30 days 1.5% interest
is added.
4. If the
instrument is returned it must be complete with
all items covered by this contract . Missing
parts or included accessories not returned with
the instrument must be paid for in cash at the
time of the return, including accessories.
Return is the responsibility of the Renter.
5. If the instrument, the subject of this agreement, is
lost or destroyed or for some reason ceases to
under the control of the Renter, the terms of this agreement
shall remain in effect. If for any reason it
becomes necessary for A.S. Inc. to seek legal
remedy to recover the musical instrument, the
property of A.S. Inc., or employ the services of a
collection service to recover any past due
balances or recover any instruments it is
understood and agreed that the Renter/purchaser
will have the sole responsibility for payment in
full of any costs incurred by A.S. inc. in pursuit
of said recovery.
6. This
instrument may be exchanged for a different type
of instrument during the first 180 days of this
agreement with the principal (also know as the
base rental payment) only applying toward
the exchange instrument. Exchange can be
made for an instrument of similar condition or
use.
7. Title to the
instrument shall remain with A.S.Inc., until all
sums due hereunder are fully paid. The
Renter agrees
not to sell, mortgage remove from the state, or
otherwise dispose of this instrument until it is
paid in full.
8. Should the
Renter
default on any two consecutive monthly payments or
fail to answer any correspondence, Atlantic
Strings, Inc. may assume that they do not wish to
continue the contract and may take possession of
the instrument wherever found, at school or
elsewhere.
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