Layaway is a great option for budget-savvy shoppers, especially during the holidays. Grab the items you want, and you’ll pay them off over time. This help relieve your wallet of lump sums of cash, and gives you more time to pay for your purchases. These are our 4 favorite stores that offer the best layaway programs:
*Walmart
The Fees & Rules
- There’s no opening fee
- Down payment is $10 or 10%, whichever is greater
- Minimums – Individual items must be $10 or greater. Total purchases must be $50 or greater
- Terms – Final payment and pickup must be made on or before December 12 at the same store layaway was initiated (or order will be canceled). Excludes wireless phones that require contracts.
- Cancellation – If account is canceled, items will be returned to inventory. Down payment and payments made will be refunded, less a $10 cancellation fee. Cancellation fee does not apply in Ohio, Maryland, Rhode Island, or District of Columbia.
- Returns – Walmart Returns Policy applies to all layaway transactions.
- Location – Layaway is initiated at the Pickup Desk. Payments can be made at any register including the Pickup Desk. Upon final payment customers may be asked to pick up Layaway merchandise at a separate location such as the Garden Center.
- In stores only (not available for online purchases)
- Available for Electronics, Toys, Infant Toys, Infant Furniture, Small Appliances, Large Furniture, Auto Electronics, Select Sporting Goods, and Jewelry
- Excludes wireless phones that require contracts.
- Layaway not available on Thursday, November 24th.
The Perks & Advantages
- You can use coupons on layaway items!
- It’s better to use layaway for larger purchases, rather than smaller items. You’ll end up paying a lot more for small purchases.
*ToysRUs/BabiesRUS
The Fees & Rules
- Holiday Layaway ends 12/14
- $5 set-up fee and $10 cancellation fee.
- 10% deposit due on start date
- Contract are 90 days
- Not available for online purchases
- Excludes special orders, food, formula and clothing
The Perks & Advantages
- Holiday set-up fee waived.
- Payments can be made online!
- There is no minimum purchase amount to be eligible for layaway.
*Kmart
The Fees & Rules
- 8-Week Layaway Contracts: Pay $10 down payment + $5 set-up fee + $10 fee to cancel
- 12-Week Layaway Contracts: Pay $10 down + $10 set-up fee + $20 fee if you cancel
- Excludes clearance merchandise, Everyday Great Price items, Deal Flash, Red Tag Special Buys, Incredible Buys, introductory offers, and personalized jewelry.
The Perks & Advantages
- No down payment offered for holiday shopping through November 26th. (1 penny is required for online layaway).
- You can use store coupons on layaway purchases!
- Use code LAYAWAY10 to save $10 off any $50 or more layaway purchase (expires 11/26)
- Online purchases ARE included in the layaway program
- Payments for your layaway can be made online.
*Sears
The Fees & Rules
- 8-week layaway contract = $0 money down in-store, 1 penny online and $5 set-up fee. $15 to cancel.
- 12-week layaway contract = $0 money down in-store, $10 set-up fee and $25 if you cancel.
- 7 day grace period if you miss a payment.
The Perks & Advantages
- Online items are eligible for layaway! You’ll see the eligible items on the individual product page.
- Use store and manufacturer coupons on layaway items
SEPTEMBER DEALS: WHAT TO EXPECT TO FIND ON SALE
MEAL SOLUTIONS FOR TURNING LEFTOVERS INTO NEW MEALS
CHOOSING QUALITY FRUITS AND VEGETABLES AT THE GROCERY STORE
WHAT FOODS CAN YOU FREEZE? SAVE TIME & MONEY
TOP 10 WHAT TO BUY DURING END OF SUMMER SALES
80 NON-TOXIC DIY CLEANERS
10 USES FOR MUFFIN PANS
10 ITEMS WORTH BUYING AT THE DOLLAR STORE
SIGNATURE MINI MEALS + 21 MEAL SUGGESTIONS
+ More!
