How Do You Know How Much To Pay For A Used Piano?

How Do You Know How Much To Pay For A Used Piano?

Looking to bring a piano in your home? Sometimes your best choice is to find a good used piano. 

But how do you know how much it’s worth? 

Makes and models only go so far. You can’t always compare the same make and model together and expect to pay the same price. A lot goes into determining how much a used piano is worth. 

Of course, ultimately it depends on how much someone is willing to sell the piano for, and if they can find a buyer who is willing to pay the price. But how do you know the price you’re paying is fair? What makes a piano “good”? And is paying for one better than taking in a free model?How Do You Know How Much To Pay For A Used Piano?

Comparables – When you find what you think is a good deal, often the best place to start is by doing a little research. When comparing, you can start by taking in the make, model, and brand of the piano. You also have to consider things like age, condition, and location the piano has resided in throughout its life. It’s rare – almost impossible – to find two pianos with the same background. But by using an appraiser or a reputable dealer, you can determine the differences and make adjustments accordingly. 

Depreciation – Depending on the make and model, some pianos hold their value very well. If you can track ownership and location for the piano, some people prefer to take the original cost minus depreciation to calculate the used price. This valuation method can work well when standards are kept high, such as when the piano was kept in good condition in a theater or institution. 

Current Value – For some, the easiest way to value a piano is to determine what it would take to restore the piano to its original playability. If the piano is in good working order, has value based on its make and model, but in need of a little work, paying the difference can give you a fair price. This means you might have to perform a little renovation to bring it to proper working condition. But it can give you a great value for your money. 

Of course, finding the “diamond in the rough” is difficult for most consumers. That’s why trusting a reputable piano dealer can work in your favor. If you have a question about finding the right piano for you, we’re here to help. 

Vintage, Antique and Used Pianos, What’s The Difference

Vintage, Antique and Used Pianos, What’s The Difference

People use the words vintage, antique and old interchangeably when describing a piano.

The adage “one man’s trash is another man’s treasure” can describe many things. And often times the words we use to describe are subjective at best.Vintage, Antique and Used Pianos, What’s The Difference

But is there a difference in the way the labels are used? Does one hold more value than the other?

In general terms, the word antique describes an object of considerable age valued for its aesthetic or historical significance. While time periods change depending on who’s valuing an item, antique is usually associated with something 100 years or older.

Vintage is usually used when describing an item that was popular in a different era. It’s not necessary that the object was produced within that time period, simply that it mimics the look and feel of the item that peaked in popularity during that time frame.

In some cases, people look to labels to help determine value. But this only holds true if both sides agree. Arguably, antique should be used to describe a piano with considerable age. But in all other cases, your good judgment will come into play.

In a physical situation, where you can touch, feel and listen to a piano, you can decide quickly how well it meets your qualifications. If evaluating it from a virtual world, a picture online, being conscious of the meaning and what is used to place a piano in that category will be a judgement call at best.

Which brings us to used. The term used applies to everything that can no longer be sold as new. It’s been used on a showroom floor. It’s been owned by a previous owner. Antique can be used. Vintage can be used.

No matter what label a piano has – antique, vintage or used – playability is never guaranteed. A piano can easily be classified as an antique, and not be able to produce a sound. A piano listed as vintage can be severely out of tune. A piano with the used tag can be comparable, even better than a new one in some cases, depending on upkeep and maintenance.

In all cases, research is your best course of action. Learn all you can about your potential purchase. Do your research online. Trust a piano expert who can guide you along the way. Then purchase the right piano for you.