What Stores Have Layaway? Let's Find Out...

Are you familiar with the term ‘layaway’? Even if you’re not able to articulate a proper definition of the concept of layaway, chances are you’re at least familiar with the term and have a slight idea of what it means.

What Stores Have Layaway?
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However, if you still don’t understand what a layaway means worry not because we’ve got you covered in this article.

Here’s a quick primer for you to help you comprehend what a layaway means. Let’s take for example that you come across an item in a store or online that you really wish to buy, but you are unable to or don’t want to purchase it at the present moment.

On such an occasion, you can use the option of layaway and pay a fee or percentage of the price of the item to put it on hold for you to buy at a later stage. The item will be finally yours once you pay it off interest-free within a designated time set by the seller, which is generally between eight to twelve weeks.

The concept of layaway took off around the Depression period and has remained fairly common since then, especially for big-box retailers these days. Due to the increasing demand of credit cards and online payment options, the practise of traditional payment plans has begun to lose its luster in the eyes of the customers.

However, after the Great Recession hit the economy, people became wary of credit cards and that’s when layaway began to resurface. Nowadays, there are a number of stores that offer layaway options across the country.

Many stores commonly offer layaway only when the holiday season is approaching. However, in recent years, some stores are opening up the program year-round for its customers. Layaway is offered by stores such as Walmart, Burlington Coat Factory, Big Lots, Marshalls and T.J. Maxx, Sears and Kmart and Hallmark Gold Crown.

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Does Walmart Have Layaway?

We’ve got good news for you. Walmart offers layaway during the holidays. It offers its customers a convenient way to pay for their Christmas shopping, along with Walmart’s Every Day Low Prices. Walmart allows its customers to pay without using credit cards and without having to pay interest on their purchases when they use the Layaway plan offered by Walmart.

Walmart Layaway service is ready to avail in stores generally from August 28 to December 14 when the holiday season approaches. However, some Walmart stores are known for offering Layaway for jewelry products throughout the year. Moreover, Walmart Layaway is only available for in-store purchases and is not offered online as of yet.

Customers can open a Layaway plan when they visit the Walmart store of their choice. You will have to bring the item(s) to the store’s designated Layaway counter where you will be available to initiate the service. There is no opening fee required to avail the Walmart Layaway offer.

All you will have to do is make a small down payment of $10 or 10% of the item. The items you will be bringing to the counter must be at least $10 individually and the total cost of your products should be no less than $50.

Customers can use Layaway to pay for products at any counter in the store and can choose to be notified via text reminders by signing up for email to receive messages regarding future purchases. Walmart permits buyers to add electronic devices, kitchen appliances, movable articles, electronic systems, sporting goods, jewelry, infant toys, and infant furniture on their Layaway plan at the store.

However, make sure to check your local Walmart store for more details on our Holiday Layaway Plan.

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Does Target Have Layaway?

One of the most popular payment methods in retail was layaway. However, Target does not offer layaway for in-store or online purchases as of now.

A Layaway is a program where you can put a certain amount of money down on an item and then make payments on it until you have paid for it in full. Not only is layaway convenient for budget-sensitive customers, it creates frequent visits for retailers as well. However, Target does not offer layaway for in-store or online purchases currently.

To confirm this, several sources have contacted Target’s customer service department and several store locations. Target also notes that layaway is not available on its website’s help section.

Does Best Buy Have Layaway?

Best Buy has the offer of eLayaway where it lets its customers receive their item(s) from Best Buy before their first payment is due. Because of eLayaway, you no longer have to pay off your purchase in full prior to receiving your items.

You can apply for eLayaway by following the steps mentioned below:

Step 1: Apply for the eLayaway payment plan on the eLayaway page on Best Buy’s official website.

Step 2: After getting approved from the 7 minute application, you can receive funds right after the day you apply for the offer.

Step 3: Start shopping at Best Buy and pay with the funds you receive there.

Step 4: Receive and enjoy your items.

Step 5: Continue to pay for your instalment plan until your payment is complete.

After you read the instructions, you will have to click on the ‘get started now’ option mentioned at the end of the steps. Only a few Best Buy stores have offered Layaway as of now.

The Layaway purchase needs to be no less than $250 and the service charges will be 5%. Payments need to be made biweekly after you pay off a 20% down payment of the purchase price. For example, for electronic items such as a computer, customers will have 8 weeks to pay off their purchase.

For other items, buyers will get 12 weeks to complete their payment. Moreover, with the help of decent credit, you can shift your purchase to Best Buy store’s credit card which stands out as a better financial option. Best Buy has no interest on purchases over $429 for 18 months.