How to Put a Laptop on Layaway
Purchasing a laptop computer on layaway offers you the chance to obtain the computer by making payments. Layaway is often preferred over credit, as it cannot damage your credit score and is usually available to those with unfavorable credit. The drawback from layaway for some is that you do not receive the laptop until it is completely paid for. If you are interested in placing a laptop on layaway, you have a few options.
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Instructions
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Visit a store or website that sells laptops and offers a layaway program. Kmart and Lay-Away.com typically offer laptops that can be placed on layaway.
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Ask about your vendor's layaway format. For instance, some stores require an up-front payment, then allow you to make monthly payments based on a percentage of the laptop price. Each vendor will likely have a time frame in which the laptop is paid off. For example, your vendor may want you to pay for the computer within six months.
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Make the payments each month on time. Once the payment obligations are fulfilled, you own the laptop you've been paying for.
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Tips & Warnings
Pay a little extra each month to receive your laptop sooner.
Inquire about the vendor's cancellation policies. Find out if the vendor charges a cancellation fee, and make sure you will be reimbursed if you cannot continue to make the payments.
Look for any hidden fees the vendor could charge you. Make sure the payments you are making add up to the laptop's full purchase price--not any higher.
References
Resources
- Photo Credit laptop image by Jorge Figueiredo from Fotolia.com
