Common use of Purchase Information Clause in Contracts

Purchase Information. The instrument shall remain ours until it has been paid for in full. You may have the option to purchase the instrument at any time during the lease (if you are not in default of this contract). If you exercise this option, the price you pay will be the list price of the instrument and you will receive credit for the total of your monthly payments (not including monthly service charge, tax & late fees if applicable.) Once your monthly payment (not including monthly service charge, tax & late fees if applicable) equals the list price, you will gain title of the instrument and our mutual obligations under this agreement will cease. You are entitled to 50 % discount off the unpaid balance if you purchase the instrument outright during the first year of rental with the exception of intermediate and professional instruments. You are entitled to a 25% discount off the unpaid balance thereafter before the expiration of the rental with the exception of intermediate and professional instruments. Purchase must be made in 1 payment. Please call K&S Music to find out information about your discount.

Purchase Information. The instrument shall remain ours until it has been paid for in full. You may have the option to purchase the instrument at any time during the lease (if you are not in default of this contract). If you exercise this option, the price you pay will be the list price of the instrument and you will receive credit for the total of your monthly payments (not including monthly service charge, tax & late fees if applicable.) Once your monthly payment (not including monthly service charge, tax & late fees if applicable) equals the list price, you will gain title of the instrument and our mutual obligations under this agreement will cease. You are entitled to 50 % discount off the unpaid balance if you purchase the instrument outright during the first year of rental with the exception of intermediate and professional instrumentsrental. You are entitled to a 25% discount off the unpaid balance thereafter before the expiration of the rental with the exception of intermediate and professional instrumentsrental. Purchase must be made in 1 payment. Please call K&S Music to find out information about your discount.