DEPRECIATION SCHEDULE

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Touch, tone, style, size all play a part in the quality and price of a *given piano and are extremely subjective. Each piano maker has its own unique features and points of excellence and value. The purpose of this piano guide is to give you the best consumer information available to help you make your own decision. The prices shown here reflect the current piano market and are accurate current MSLP.

Depreciation Schedule

The method of determining the value of a used piano is called the "depreciation" method. This method is especially useful for establishing the approximate value of recent makes when the models are still in production or that have recently been  discontinued. To use it, one needs to find out how much a new piano of the same or comparable make and model would cost now, then look up the age and condition of the subject piano on the depreciation schedule. The percentage given represents what the piano is worth relative to the cost of a new one.

Depreciation of Used Pianos
Age in Years  |  New Price %

1 Year Old 78% | 2 Years Old 75% | 3 Years Old 70% | 5 Years Old 65%
8 Years Old 58% | 10 Years Old 55% | 15 Years Old 50% | 20+ Years Old 40%

*CONDITION OF INSTRUMENT                                     *MANUFACTURERS SUGGESTED LIST PRICE

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The value of this piano is based on the type, age, condition, size, style grade and rarity of the instrument. This requires research. There is no central repository for sales or price information on used pianos. So you may need a written appraisal to prove that value. An appraisal prevents you from selling your piano for  too little or paying too much for one.  Please order an appraisal if you need the actual value of your piano.

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