Stores That Do Layaway: How to Find Them & What to Know

Layaway allows consumers to pay for items over an extended period without incurring interest charges. The retailer holds the merchandise until the full purchase price is paid, offering a structured way to budget for larger purchases.

How Layaway Works

A layaway plan begins with a customer selecting an item. The item is then taken to the store’s customer service or layaway department. It is important to confirm the item’s eligibility, as not all products can be placed on layaway.

After selecting the item, an initial down payment is required to secure the merchandise. This deposit secures the item. The store then provides a payment schedule outlining the frequency and amount of subsequent installments.

Customers must adhere to this agreed-upon payment schedule, making regular contributions towards the total balance. Payments can be made weekly, bi-weekly, or monthly, depending on the retailer’s policy. The store retains possession of the item throughout this period.

Once all scheduled payments and applicable fees are paid, the customer can take possession of their item. For online layaway arrangements, the item may be shipped directly to the customer after the final payment is received.

Common Layaway Terms

A down payment is required, ranging from 10% to 25% of the item’s total price. Some retailers may permit a fixed dollar amount or allow the customer to choose a reasonable deposit.

Payment schedules vary, with common frequencies being weekly, bi-weekly, or monthly installments. The duration of layaway contracts can range from a few weeks to several months, 30, 60, or 90 days, or up to 8 to 12 weeks for longer plans.

Many layaway programs include non-refundable service fees or setup charges to cover administrative and storage costs. These flat fees fall within a range of $3 to $15. It is important to verify these charges, as they add to the overall cost of the item.

Cancellation policies outline the consequences if a customer fails to complete payments or decides to cancel the agreement. Retailers may charge cancellation fees, which can be around $10 to $20, and sometimes a restocking fee. In such cases, previous payments might be refunded, often minus these fees, or store credit may be issued instead of cash.

Not all items are eligible for layaway, with common exclusions including clearance merchandise, perishable goods, seasonal items, or very high-value products. Many stores limit layaway to specific departments like furniture, electronics, or jewelry.

Finding Stores with Layaway Programs

Perform online searches using specific terms such as “layaway stores near me” or “stores with layaway programs.” These searches can help pinpoint local businesses or major chains that provide this payment option.

Another approach involves checking the websites of major retailers. Information regarding layaway programs is often found in sections dedicated to “services,” “payment options,” or “customer support.” These sections detail the availability and terms of any layaway offerings.

For physical store locations, directly inquiring with customer service representatives or sales associates can provide immediate answers. Store personnel can confirm whether layaway is available, what items qualify, and outline the specific terms.

Certain categories of stores offer layaway. These include department stores, jewelry stores, and furniture retailers. Many stores, particularly during the holiday shopping season, may introduce or expand their layaway programs to accommodate consumer demand.