Layaway: Why does exist?

[Kidlicious]

Originally posted by Asher
Yes, the economy relies on people like you.

If you only knew.

[KrazyHorse]

Originally posted by Grandpa Troll


But the company is also holding onto merchandise they cannot turn an immediate profit on.

Usually the retailer doesn't have to increase their inventory. They have enough of the item in inventory to be able to complete the transaction without having to incur additional costs.

[Deity Dude]

Holding an item that you have already sold is only an additional expense if you don't have room for it. I doubt layaway ever caused Kmart to rent an additional warehouse or a clothing retailer to lease more space because of 20 or 30 coats on layaway.

[SlowwHand]

DD, you're crazy.

Layaway, if there are charges, is a lot better than a credit card. Talk about scams.

[Deity Dude]

I didn't say use a credit card. My point is that if you are gonna prepay for something pay yourself in your own bank account and earn money as opposed to paying a retailer to hold your money.

It's like when people are happy they got an Income TAx return. All that means is you allowed the government to hold your money for you interest free as opposed to you holding it in your bank account with interest. THe only difference is you don't pay the government a service charge to hold your money.

[Asher]

Originally posted by SlowwHand
DD, you're crazy.

Layaway, if there are charges, is a lot better than a credit card. Talk about scams.

Credit Cards are only scams if you use them to borrow money.

I LOVE credit cards and I've never, ever carried a balance.

But I've gotten something like $2000 in free groceries with it since I've started using it. And it's so convenient, tap n' go...

[Kidlicious]

Originally posted by Deity Dude
Holding an item that you have already sold is only an additional expense if you don't have room for it. I doubt layaway ever caused Kmart to rent an additional warehouse or a clothing retailer to lease more space because of 20 or 30 coats on layaway.

The retailer doesn't have to hold it. They only have to have it when the account is paid.

[Kidlicious]

Originally posted by Deity Dude
Holding an item that you have already sold is only an additional expense if you don't have room for it. I doubt layaway ever caused Kmart to rent an additional warehouse or a clothing retailer to lease more space because of 20 or 30 coats on layaway.

Retailers use all of their storage space for at least some time.

[Grandpa Troll]

Originally posted by KrazyHorse


Usually the retailer doesn't have to increase their inventory. They have enough of the item in inventory to be able to complete the transaction without having to incur additional costs.

your missing my point, it doesnt matter if you have purchased one or a hundred and one, you still are not getting the money until the item is paid for

Gramps

[KrazyHorse]

Originally posted by Grandpa Troll


your missing my point, it doesnt matter if you have purchased one or a hundred and one, you still are not getting the money until the item is paid for

Gramps

I would explain it to you, but every time I've done that recently I've ended up putting somebody on ignore.

[Grandpa Troll]

Originally posted by KrazyHorse


I would explain it to you, but every time I've done that recently I've ended up putting somebody on ignore.

No skin off my nutsack

[Wiglaf]

.

[KrazyHorse]

I remember when Wiggy at least pretended to be a real person.

[Lancer]

Originally posted by SlowwHand
Layaway was a big thing. Then a lot of people went the instant gratification, credit card route. I'm glad to see layaway making a return.

Its dibs.

[snoopy369]

The only reason Layaway is logical is if you are taking advantage of a sale that is superior to your interest+layaway fees (which is not impossible). Otherwise it makes little sense, unless you have no self-control (which many people don't have, sadly).