Layaway Making a Come Back?

[katharina]

For some reason, Target having layaway escaped my notice! I buy lots of things at Target, and that's a good resource to have.

I haven't noticed it there either... and I know that WalMart no longer offers it. KMart's layaway desk is still there, but no one is ever manning it, and it looks as if they use the area that was formerly for layaways for storage now.

 

[Taggart]

Come to think of it a few years ago a coworker was talking about laying something away at Winners. I don't know if they still do that there, either.

 

[Twiceshy]

The main feature of layaway, which will make it more acceptable as time goes on, is that you aren't paying interest on your item.

Of course, the sooner you pay it in full, the sooner you get to take it home, but in the long run it is much cheaper than taking it home right away, then dealing with credit card payments.

For those who say they pay their cards off every month, layaway would make no difference to them, unless they had an unexpected problem. Then, the credit card becomes this interest laden albatross, making layaway a better choice.

 

[katharina]

For those who say they pay their cards off every month, layaway would make no difference to them, unless they had an unexpected problem.

I pay the card off every month but it would certainly make a difference for bigger items, yes. I only have a few auto-pays on the credit card and use it once in a while for purchases I know I'll be able to pay that month.

For a big-ticket item, though, that I *couldn't* pay off that month, I'd definitely use the layaway.

 

[katharina]

Come to think of it a few years ago a coworker was talking about laying something away at Winners. I don't know if they still do that there, either.

Now there's a store I've never heard of... I know, what are the chances? hehe So what's "Winners" and what do they sell? Is it perhaps a more localized business?

 

[SageMother]

I hope a few online stores figure out how to do layaway. It would be great way to get ahead of the game as more brick and mortar stores start relying more on e-commerce to avoid the overhead of having a physical store front.