No question about it - harps are expensive! We frequently hear from parents who are facing the reality of a larger harp for their son or daughter so they can play in the high school orchestra. Or a professional that needs a second "gig" harp.
If you are a homeowner, the lowest-cost financing you will likely have available to you is through a Home Equity Loan. These loans, normally in the form of a line of credit, can generally be had for near "prime" rate - 5% or so in 2016.
Flexible harp financing terms can also be had from Allegro Credit. Allegro specializes in the financing of large musical instruments and offers rates from 9.25% to 12.50% depending on the length of the loan. Allegro has a new website where you can apply online for a harp loan - Click Here for Allegro Credit On-Line Harp Loan Application. Special financing rates as low as 8% are available on certain in-stock pedal harps; please call us to learn more.
If you apply for harp financing through through the Allegro web site, be sure to contact us when your loan is approved. For reasons of confidentiality Allegro does not keep us informed of pending applications and approvals.
All loans are subject to credit approval and rates are subject to change without notice.
The monthly payment for an $18,500 instrument with a 10% cash down payment is approximately $353.68 per month (5 year loan term; 9.99% interest rate).
Please contact us directly if you have any further questions about harp financing.