Student Instrument Rental Purchase and Lease Terms:

Total of Scheduled Payments

I promise and agree to pay a down payment plus a Total of Scheduled Payments to Pecknel Music Company as follows: Amount of Monthly Payments (including tax) is the per month rental price of the instrument I've added to my cart. I understand that the Number of Payments, the Total of Scheduled Payments (including tax), and my First Scheduled Payment Due Date will be e-mailed to me once my order has been processed.

Maintenance and Repair Coverage (M&R)

Yes! I accept the M&R Coverage when I've added it to my cart and have completed the secure checkout. I understand that if I should decline the M&R Coverage I will be financially responsible for all routine maintenance and repair of damage to the rented instrument.

Student Instrument Replacement Plan (IRP)

Yes! I accept the IRP Coverage when I've added it to my cart and have completed the secure checkout. I understand that if I should decline the IRP Coverage I will be financially responsible for replacing the rented instrument should it be stolen or destroyed beyond repair.

Monthly Payment Terms

The rental payment and M&R/IRP items I have added to my cart is what I agree to pay each month as long as this Agreement is in effect.

Down Payment Information

The rental payment and M&R/IRP items I have added to my cart is my down payment.

Payment Options

Please set up Electronic Funds Transfer using the information I provide during secure checkoutwill notify Pecknel Music if I should choose to use a different payment method in the future by providing new credit card information or routing number and account number for ACH debit (from checking, for example).

I have read this agreement, including all terms and conditions (below). I have had the opportunity to ask questions to clarify the agreement and these questions have been answered satisfactorily. I understand the agreement and acknowledge that I have been given a copy for my records.

Your acceptance of this Agreement grants us permission to make inquiry with any credit reporting agency. The following disclosures are to help you understand the terms of your Rental Purchase Agreement. Please call Pecknel Music Company at (800) 868-2275 if you have any questions regarding your Agreement. I acknowledge receipt of the instrument listed herein. I further understand and agree to rent from Pecknel Music Company the aforementioned instrument according to the terms and conditions listed below.

Return Option

I understand that I have the right to return this instrument at any time, and the Agreement is terminated with no further obligation, provided the instrument is delivered to the business premises of Pecknel Music Company or one of its affiliates, in good condition, reasonable wear and tear excepted, and provided monthly payments are current. I understand I will be financially responsible for any rental charges owed up until the time the instrument is returned, including any charges past due. Please note that any change in Electronic Funds Transfer require 10 day's notice. Please call Pecknel Music Company at (800) 868-2275 if you need instructions for returning your instrument.

Pay it off and save!

I understand that, at any time after the first scheduled monthly payment is made, I may acquire ownership of this instrument by paying fifty-five percent (55%) of the balance of this Agreement, which is the difference between the Total of Scheduled Payments and the total amount paid to the account. The Total of Scheduled Payments includes applicable sales tax, but does not include any delinquency charges or monies paid for M&R or IRP Coverage. Please call Pecknel Music Company at (800) 868-2275 if you would like to know your Early Payoff Amount.

Ownership

I understand that I will not own the instrument until I have made the number of payments and the Total of Scheduled Payments necessary to acquire ownership of this instrument. I understand and agree that I do not have the right to sell, pawn, assign, transfer, sublease, remove from the state, or encumber this instrument, or in any way dispose of this instrument during the term of this Agreement.

Default

I understand that, in any event of my breach of any term or condition of this Agreement, Pecknel Music Company may assume that I do not wish to continue the Agreement and may terminate the Agreement. Pecknel Music will then be entitled to any remedies allowed by law, including repossession of the instrument wherever found, at school or elsewhere, after providing any notice required by law. Once I surrender the instrument, I understand that I will be able to reinstate the Agreement by paying the outstanding balance of any accrued payments and delinquency charges allowed by law.

Late Payments

I understand and agree that Pecknel Music may collect, and I shall pay, a delinquency charge of $4.00 per month for any monthly rental payment not made within five days after it becomes due. If for any reason any monthly rental payment cannot be made by Electronic Funds Transfer within five days after it becomes due, I understand and agree that Pecknel Music may collect, and I shall pay $5.00 per month statement fee.

Maintenance & Repair Coverage (M&R)

The purchase of M&R Coverage is voluntary, and paid monthly, due on the monthly payment date and applying to the current month only. Coverage includes routine maintenance and repair of accidental damage necessary to keep the instrument in proper playing condition. Repairs must be performed by a Pecknel Music repair technician. This service excludes cosmetic damage and damage resulting from willful or careless treatment. Accessories such as mouthpieces, drum heads, drum sticks, strings and cases are not included. Monthly payments must be current for the M&R Coverage to be in effect. Renewal of this plan is optional and may be offered on an annual basis after this Agreement terminates. I understand that, should I decline this coverage and should I return the instrument to Pecknel Music at any time, I will be financially responsible for the repair of all damage to the instrument beyond reasonable wear and tear.

Student Instrument Replacement Plan (IRP)

The purchase of IRP Coverage is voluntary, and paid monthly, due on the monthly payment date and applying to the current month only. Coverage applies to student instruments only, and provides for replacement of the instrument with one of comparable age and condition if the instrument is lost through fire or theft, or irreparably damaged. Notification of loss must be made to the police or sheriff's office and a copy of the report given to Pecknel Music within ten (10) days of the occurrence, or this replacement guarantee will be void. Monthly payments must be current for the IRP Coverage to be in effect. Renewal of this plan is optional and may be offered on an annual basis after this Agreement terminates. I understand that should I decline this coverage, I will be financially responsible for the full value of the instrument should it be lost or damaged beyond repair for the entire term of this Agreement.

Changes in this Agreement

I understand and agree that, should any errors be made in properly filling out this Agreement, Pecknel Music will correct the errors and notify me of such changes, and I will be bound to them. I also agree to inform Pecknel Music of any changes in my name, address, phone number and/or any other contact information within ten (10) days after these changes occur. Please call Pecknel Music Company at (800) 868-2275 if you have any changes to your contact information.

Step-Up and Pro Instrument Rental Purchase Plan Terms

Total of Scheduled Payments

I promise and agree to pay a down payment plus a Total of Scheduled Payments to Pecknel Music Company as follows: Amount of Monthly Payments (including tax) is the per month rental price of the instrument I've added to my cart. I understand that the Number of Payments, the Total of Scheduled Payments (including tax), and my First Scheduled Payment Due Date will be e-mailed to me once my order has been processed.

Maintenance and Repair Coverage (M&R)

Yes! I accept the M&R Coverage when I've added it to my cart and have completed the secure checkout. I understand that if I should decline the M&R Coverage I will be financially responsible for all routine maintenance and repair of damage to the rented instrument.

Monthly Payment Terms

The rental payment and M&R items I have added to my cart is what I agree to pay each month as long as this Agreement is in effect.

Down Payment Information

The rental payment and M&R items I have added to my cart is my down payment.

Payment Options

Please set up Electronic Funds Transfer using the information I provide during secure checkout. I will notify Pecknel Music if I should choose to use a different payment method in the future by providing new credit card information or routing number and account number for ACH debit (from checking, for example).

I have read this agreement, including all terms and conditions (below). I have had the opportunity to ask questions to clarify the agreement and these questions have been answered satisfactorily. I understand the agreement and acknowledge that I have been given a copy for my records.

Your acceptance of this Agreement grants us permission to make inquiry with any credit reporting agency. The following disclosures are to help you understand the terms of your Rental Purchase Agreement. Please call Pecknel Music Company at (800) 868-2275 if you have any questions regarding your Agreement.

I acknowledge receipt of the instrument listed herein. I further understand and agree to rent from Pecknel Music Company the aforementioned instrument according to the terms and conditions listed below.

Return Option

I understand that I have the right to return this instrument at any time after 120 days of the date of this Agreement and the Agreement is terminated with no further obligation, provided the instrument is delivered to the business premises of Pecknel Music Company or one of its affiliates, in good condition, reasonable wear and tear excepted, and provided monthly payments are current. I understand I will be financially responsible for any rental charges owed up until the time the instrument is returned, including any charges past due. Please note that any change in Electronic Funds Transfer require 10 day's notice. Please call Pecknel Music Company at (800) 868-2275 if you need instructions for returning your instrument.

Pay it off and save!

I understand that, at any time after the first scheduled monthly payment is made, I may acquire ownership of this instrument by paying fifty-five percent (55%) of the balance of this Agreement, which is the difference between the Total of Scheduled Payments and the total amount paid to the account. The Total of Scheduled Payments includes applicable sales tax, but does not include any delinquency charges or monies paid for M&R or IRP Coverage. Please call Pecknel Music Company at (800) 868-2275 if you would like to know your Early Payoff Amount.

Ownership

I understand that I will not own the instrument until I have made the number of payments and the Total of Scheduled Payments necessary to acquire ownership of this instrument. I understand and agree that I do not have the right to sell, pawn, assign, transfer, sublease, remove from the state, or encumber this instrument, or in any way dispose of this instrument during the term of this Agreement.

Default

I understand that, in any event of my breach of any term or condition of this Agreement, Pecknel Music Company may assume that I do not wish to continue the Agreement and may terminate the Agreement. Pecknel Music will then be entitled to any remedies allowed by law, including repossession of the instrument wherever found, at school or elsewhere, after providing any notice required by law. Once I surrender the instrument, I understand that I will be able to reinstate the Agreement by paying the outstanding balance of any accrued payments and delinquency charges allowed by law.

Late Payments

I understand and agree that Pecknel Music may collect, and I shall pay, a delinquency charge of $4.00 per month for any monthly rental payment not made within five days after it becomes due. If for any reason any monthly rental payment cannot be made by Electronic Funds Transfer within five days after it becomes due, I understand and agree that Pecknel Music may collect, and I shall pay $5.00 per month statement fee.

Maintenance & Repair Coverage (M&R)

The purchase of M&R Coverage is voluntary, and paid monthly, due on the monthly payment date and applying to the current month only. Coverage includes routine maintenance and repair of accidental damage necessary to keep the instrument in proper playing condition. Repairs must be performed by a Pecknel Music repair technician. This service excludes cosmetic damage and damage resulting from willful or careless treatment. Accessories such as mouthpieces, drum heads, drum sticks, strings and cases are not included. Monthly payments must be current for the M&R Coverage to be in effect. Renewal of this plan is optional and may be offered on an annual basis after this Agreement terminates. I understand that, should I decline this coverage and should I return the instrument to Pecknel Music at any time, I will be financially responsible for the repair of all damage to the instrument beyond reasonable wear and tear.

Changes in this Agreement

I understand and agree that, should any errors be made in properly filling out this Agreement, Pecknel Music will correct the errors and notify me of such changes, and I will be bound to them. I also agree to inform Pecknel Music of any changes in my name, address, phone number and/or any other contact information within ten (10) days after these changes occur. Please call Pecknel Music Company at (800) 868-2275 if you have any changes to your contact information.

Fraction-Size String Instrument Lease Agreement Terms

Payment of Rent

Pecknel Music Company hereby acknowledges receipt of payment of the rent due for the original term of this lease. The rent of each extension shall be paid in advance, within seven days after the termination of the previous period. If for any reason any lease payment cannot be made by Electronic Funds Transfer within five days after it becomes due, I understand and agree that Pecknel Music may collect, and I shall pay a $5.00 per month statement fee.

Renewal

For as long as the child requires a smaller than full size instrument, this lease may be renewed. As the child grows into a larger size instrument, the proper size will be supplied. When the child grows to a full-size instrument (4/4 violin or cello, 15” or larger viola, or ¾ string bass), 60% of all lease payments made up to that time will be credited to the purchase of a full-size instrument (or a 35% discount taken, whichever is greater).

Return Privilege

I understand that I have the right to return this instrument at any time and the Agreement will be terminated with no further obligation, provided the instrument is delivered to the business premises of Pecknel Music Company or one of its affiliates, in good condition, reasonable wear and tear excepted, and provided quarterly payments are current. I understand I will be financially responsible for any lease charges owed up until the time the instrument is returned, including any charges past due. Lese fees paid up until the time the instrument is returned are not refundable under any circumstances. Please note that any change in Electronic Funds Transfer require 10 day's notice. Please call Pecknel Music Company at (800) 868-2275 if you need instructions for returning your instrument.

Location Of Property And User

I agree to keep this instrument at the address given, and agree that only the student named herein, who resides with me, shall use this instrument. I understand and agree that I do not have the right to sell, pawn, assign, transfer, sublease, remove from the state, or encumber this instrument, or in any way dispose of this instrument during the term of this Agreement.

Default

I understand that if I default in the payment of any installment of rent or lease, or if I do not keep this instrument at the address given, or if I do not allow Pecknel Music Company to examine this instrument at any time, or if Pecknel Music Company otherwise determines that repossession of this instrument and termination of this lease is desirable to protect its interest, Pecknel Music Company may, at its option without notice, terminate this lease by taking possession of the instrument wherever found or by mailing written notice of such termination to me.

I understand that if I do not return this instrument within five (5) days after this notice is mailed, I will pay Pecknel Music Company $2.00 each day that elapses thereafter until the instrument is returned to Pecknel Music Company. I understand that repossession of this instrument or termination of this lease by Pecknel Music Company does not constitute a waiver of Pecknel Music Company’s right to collect all delinquent installments of rent, damages for any injury of this instrument, and any other amount owed to Pecknel Music Company pursuant to this lease. I agree to pay all legal fees and other expenses incurred by Pecknel Music Company in connection with the repossession of this instrument and the collection of any monies owed Pecknel Music Company pursuant to this lease. I understand that remedies are cumulative, and no delay or omission of Pecknel Music Company to exercise any right arising from any default shall impair any such right, or be construed to be a waiver of any such default.

Maintenance & Repair Coverage (M&R)

The purchase of M&R Coverage is voluntary, and paid quarterly, due on the quarterly payment date and applying to the current lease period only. Coverage includes routine maintenance and repair of accidental damage necessary to keep the instrument in proper playing condition. Repairs must be performed by a Pecknel Music Repair Technician. Coverage does not include damage resulting from willful neglect or careless treatment, restoration of finish, general cleaning, polishing, case repairs, cosmetic dents or scratches that do not effect the playing condition, replacement of lost parts or expendable accessories such as shoulder rests, strings, bows, bow hair, etc. Lease payments must be current for the M&R Coverage to be in effect. Renewal of this plan is optional and may be offered on an annual basis after this Agreement terminates. I understand that, should I decline this coverage and should I return the instrument to Pecknel Music at any time, I will be financially responsible for the repair of all damage to the instrument beyond reasonable wear and tear.

Student Instrument Replacement Plan (IRP)

The purchase of IRP Coverage is voluntary, and paid quarterly, due on the payment date and applying to the current lease period only. Coverage applies to student instruments only, and provides for replacement of the instrument with one of comparable age and condition if the instrument is lost through fire or theft, or irreparably damaged. Notification of loss must be made to the police or sheriff's office and a copy of the report given to Pecknel Music within ten (10) days of the occurrence, or this replacement guarantee will be void. Lease payments must be current for the IRP Coverage to be in effect. Renewal of this plan is optional and may be offered on an annual basis after this Agreement terminates. I understand that should I decline this coverage, I will be financially responsible for the full value of the instrument should it be lost or damaged beyond repair for the entire term of this Agreement.

Changes In This Agreement

I understand and agree that, should any errors be made in properly filling out this Agreement, Pecknel Music will correct the errors and notify me of such changes, and I will be bound to them. I also agree to inform Pecknel Music of any changes in my name, address, phone number and/or any other contact or payment information within ten (10) days after these changes occur. Please call Pecknel Music Company at (800)868-2275 if you have any changes to your contact or payment information.

 

 

 

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