Isn’t it that time of year again? Do you hear the jingle bells?
Even if it isn’t that time of year, it is unquestionably the best time of year to put something on layaway. Why wait to buy gifts when you can put something on layaway right now? Let’s first define layaway before we go into how to start layaway and what items can be put on layaway.
I spoke with Chris Baker to better understand layaways and how all the conditions, cancellations, and other details operate. Chris has been with Digital World for more than a decade.
Terminologically, layaway means ‘Lay it away. Layaway, according to the dictionary, means paying a small deposit to hold an item until the entire balance is paid and the item is ready to be picked up. According to Chris Baker, layaway also entails buyers making lesser installments on the items until it is paid in full. For example, suppose I go to Evergreen Traders and I find a beautiful gold necklace with embedded diamonds with a retail price of $500. However, I do not have the funds to pay off the entire balance right away. I can then put down the minimum amount (10% in our stores!) required to keep the item (start a layaway) and pick it up when the remainder is paid off.
Chris summed it up nicely by saying, “Layaway is the way that you can purchase an item and make payments on it until you are ready to pick it up.”
So, does it mean one can only layaway jewelry? Not at all!. Chris explains that a layaway can be done on any item in the store, regardless of how expensive or economical it is. Therefore, customers can put any item on layaway at Evergreen Traders and Digital World, whether in-store or online. Jewelry, musical instruments, tools, and games, as well as gadgets like cell phones and computers, luxury watches, and purses, are all available.
Chris also lets us know about our expansive layaway program. He says “Pretty much anything we have in the store. So from jewelry to luxury watches to literally like any anything tools musical instruments and stereo equipment video games everything.”
Setting up layaway is as easy and simple as purchasing an item in-store. Chris explains how customers can set up layaways in-store:
“It’s very easy. Anything you see in the store or online, just come ask an employee and we can arrange that you just [need] a piece of ID. “
Customers, however, can also set up layaway online and easily make payments on the mobile Pawn App or online at www.455cash.com.
The monetary value of all the items varies and therefore the ‘terms’ vary too but don’t worry the deposit for layaway stays firm at 10 percent of the total price of the item.
“We charge a 10 percent deposit of the total price as a deposit,” Chris says, the deposit price for that percentage will be the same but all the terms are negotiable.
For example, “so if you are buying a diamond ring we can do a much longer period on up [than] say if you’re buying a video game or. Something of that nature,” says Chris.
Layaway for Christmas
It’s never too early to begin fantasizing about the upcoming holiday season. When the streets are lit, the houses are all decked up, and everyone gets excited to open their gifts. Chris believes that now is the best time to start a layaway since it provides clients enough time to pay it off and wrap their Christmas gifts.
“Doing layaway for Christmas now gives you about 5 months to use to pay for that item. And you know to keep it hidden from your kids until then and so on,” says Chris.
What if a customer starts layaway for Christmas and changes their mind?
“Well we can cancel layaways if you change your mind within the first 7 days will give your deposit back. If you decide to cancel within the first 30 days, we can give it all back in store credit and any additional payments and the deposit if it’s beyond the 30 days, unfortunately, you do lose your 10 percent deposit or return the remainder in store credit. “
Reading over lines is always preferable to having a conversation. Here’s the full conversation between Simran and Chris.
Simran: Hi everyone today we have Chris Baker with us and he’s going to share some layaway information with everyone so Hi Baker how are you today?
Chris Baker: I’m good how are you
Simran: I’m pretty good, so before we jump into who can do layaways, what can you layaway, just a basic question what is layaway?
Chris Baker: layaway is the way that you can purchase an item and make payments on it until you are ready to pick it up.
Simran: Perfect and what can you layaway?
Chris Baker: Pretty much anything we have in the store. So from jewelry to luxury watches to like anything tools musical instruments and stereo equipment video games everything.
Simran: One of the very important questions is how do we set up layaway
Chris Baker: It’s very easy anything you see in the store or online just come ask an employee and we can arrange that you just have to piece of ID we do have a mobile app see you can make payments using a mobile app and fortunately at the time being you can’t set up layaway remotely. That way but we can get you on our mobile apps you can make payments like that.
Simran: All right so how much does it cost?
Chris Baker: We charge a 10 percent deposit to 10 percent of the total price we take as a deposit.
Simran: Awesome and does it matter like it is different if I layaway from for like a diamond ring or if I do layaway for say a normal tool?
Chris Baker: No the deposit price will be for that percentage will be the same but all the terms are negotiable.
for example: So if you are buying a diamond ring we can do a much longer period on up and say if you’re buying a video game or. Something of that nature.
Simran: Awesome so. I was thinking how about we introduce the concept of doing layaway for Christmas do you think it’s the right time?
Chris Baker: Doing layaway for Christmas now gives you about 5 months to use to pay for that item. And you know keep it hidden from your kids until then and so on.
Simran: All right so that means doing layaway for Christmas is a great idea
Chris Baker: yeah
Simran: right and how about if I would like to cancel?
Chris Baker: Well, we can cancel layaways if you change your mind within the first 7 days will give your deposit back if you decide to cancel within the first 30 days we can give it all back in store credit and any additional payments, and the deposit if it’s beyond the 30 days, unfortunately, you do lose your 10 percent deposit or return the remainder in store credit.
Simran: Okay so anything above 30 days the terms changes?
Chris Baker: Yes yeah, they do.
Simran: All right okay so what do you think is the best thing right now to do layaway on?
Chris Baker: I’m partial to guitars there. Yeah yeah if you’re looking for a musical instrument for Christmas or yourself even. Yeah, that’s certainly a good way to pay for a high-end guitar. But also jury diamond rings any goal.
Simran: Awesome so just I get layaway and then I track it on my phone that’s right. It’s that easy all right so you can go to 455 cash.com for setting up a layaway for any item online or you can come in and store. And get layaway.
Chris Baker: That’s right also.