Your first 12 months of rental fees (excluding insurance and tax) are earned as equity credit. You can use your equity to purchase any like instrument of equal or greater value from Payton Violins. (i.e. A violin of rental equity can be used towards the purchase of a violin, a cello rental can be used toward the purchase of a cello, etc.) You can use the credit towards the purchase of the instrument you rent, but are not required to do so. Given our Sound Investment Guarantee with 100% trade back policy, we strongly encourage our customers to consider purchase when they reach the maximum of 12 months of earned equity. Note: Equity cannot be used to purchase bows, cases, consignment instruments, or accessories. Rental equity will be available to use for up to two years after the closure of the rental account, after which time it may be forfeited.