The San Pedro store manager, Fabian, has lied to me more than 3 times in our dealings over the last 2 1/2 weeks and I can't help but feel like he has relied on my confusion to take advantage of me, financially.
We have been Strad customers for ALL our string instruments, repairs, and accessories over the last many years; to the extent that we have accrued just shy of $800.00 in rental credit through their store. This dollar amount was conferred months ago as I inquired after it in their satellite location and once by Mr. Fabian.
We also have a beautiful 3/4 size cello we are ready to upgrade to a full size. We had rented it until about a year ago when we paid the balance in full. I was told, by Fabian once, that it was worth just shy of $800.00 as a trade in toward the purchase of another full size cello! "How generous" I thought since as a new instrument it retails for around $1,000.00.
By this math, one could construe that the total value I had to spend with Antonio Strad would be just about $1600.00. There is a nice cello kit (Strad 31) listed online for $968.00 with a back to school sale. To me it made perfect sense to apply the trade in, and/or a portion of the rental accrual I have toward the purchase of this new cello.
He asked me how much money I was willing to spend over the value of the rental accrual in a new or used cello and I told him only $200; he asked for $400 and I consented. A few days later, he phoned to say he had a beautiful used cello for $1500.00 and he would apply the rental credit and trade in to it and ask for $350 in cash and would enter into a payment plan for the remaining money owed= $700 and change. How did an extra $400 accumulate to $700? He did let slip that the actual value of this cello was only $1,100 for the whole kit, case and bow included. Seeing I noticed, he then proceeded to say the added cost of case and bow brought it to the full $1500.00 (quite a markup- about 40% by my math). What he didn't ever say is that the rental accrual could only comprise 50 percent of the total value of this purchase.
When I explained that I didn't want the $1500.00 used cello but instead the new cello kit online, I was told that rental credit can not be applied to the purchase of a sale item. When I retorted that this is my money they've been holding on to all these years, and I have every right to spend it any way I wish, in the same way that a bank has no right to tell you what you can or cannot spend your savings account on, he simply replied that his bank, Chase bank, absolutely does tell him what he can or can't spend his savings money on. (Someone ought to investigate this claim because it's wholly untrue.). Besides, he further explained that he was being overly generous to allow the money from the rental accrual to be used at all since it expires after two weeks of the purchase of any instrument. Here is what their online policy currently reads:"OPTIONS: Renter may accrue 100% (90% for billing option B or C) of rental fees (not including Protection Plan) as credit toward the purchase of this or a finer instrument. Payments must be made on-time, the account kept current, and the outfit returned in its original condition to qualify. Discount may not exceed 80% of the total value of the rented outfit. Rental credit may also be applied towards the purchase an upgraded instrument not to exceed half its regular value. This is not a "rent-to-own" program. It is a rental with the option to buy. All rented instrument outfits remain property of Antonio Strad Violin until the renter has exercised their option to buy. Notice to buy must be made in person or in writing." Further, their online terms and conditions does say: "Purchase and Sale Price
Sale prices are for purchase only and cannot be combined with any other coupons, credits or promotions." Please notice that no where does it mention a two week statute of limitation or expiration.
Ok, so the rental credit will not work in the case of the new cello, even after him telling me that it will up to this point. Fine, I still have the value of the 3/4 size cello to upgrade, worth nearly $800.00. "Oh no" he explains: the $800 is combined with the trade in AND rental credit. When I asked him to break it down for me, very simply, so I could understand the exact value he was offering for the used cello and the exact value of the rental accrual, he continued to say that the cello was worth $100.00 and the rental accrual worth $600 and a little more. I followed up by explaining it made better financial sense for me to sell it privately and use that acquired cash toward the purchase of another instrument in his store. He said it seemed foolish to do so because he was willing to give me $800 for it. So I asked him to give me $800 for it to purchase the sale priced cello with the cash from his buy back and a little of my own. However, he explained that they don't do buy backs, ever. What was the overall intent with my used read more