What is layaway and how does it work?
Layaway is a payment system that lets you purchase an item over time in installments, interest-free. The store holds the item, typically in exchange for a deposit and small fee, until you finish making the installment payments. Once the item is paid off in full, you get to take your purchase home.
What is Gabe’s’ layaway policy?
If Gabe’s is unable to provide you with your layaway merchandise at the time of final payment, you are entitled to a full refund of all payments made, including the deposit and any applicable fees. Gabe’s reserves the right to amend or cancel the Layaway Policy at any time, for any reason, without notice at its sole discretion.
Is layaway the right financing option for You?
Now, you can find layaway at a number of major retailers — particularly around the holidays. But layaway isn’t the right financing option for everyone.
What happens if I cancel my layaway order?
Cancellation Fee. Most stores charge a cancellation fee if you decide to cancel your layaway plan, or if you cannot make all the payments by the due date. Restocking Fee. Some stores charge a restocking fee if you do not make your payments on time, or do not finish paying for your products by the due date.
Can you put items on layaway at Kmart?
Yes; Kmart lets you place select items on layaway in-store (although few locations still exist), online and via the app. The retailer offers two different layaway plans: an eight-week and a 12-week program. Note that the 12-week layaway program is available only in-store on items priced $300 or more.
How long do you have to pay off layaway?
Most stores require layaway purchases to be paid off in full within a year. Step 4: Bring home your item – After paying off your layaway purchase, you can pick it up at the store and bring it home. Which Stores Offer Layaway in 2021?