A layaway plan is a purchase agreement between a retailer and a customer that allows the customer to make installment payments against the full purchase price of an item or number of items. In other words, if a customer wants to purchase a $400 television under a our layaway plan, he/she would make a 25% down payment ($100 dollars) and then agree to pay a minimum of $100 each month until he/she has paid the entire $400 and applicable sales tax. We take the television off the selling floor so that no one else can buy it, but the customer can't take the television home until the entire purchase price is paid. Our layaway program is 90 days in most cases and requires a payment at least once each month.
Benefits of Layaway
There are no credit checks to use the layaway option.
Layaway offers a safe and affordable payment alternative without tying up your credit or subjecting the purchase to high-interest credit card fees.
Regular monthly payments make it easy to fit purchases into a household budget.
Layaway makes it easy for smart shoppers like you to plan ahead.