Re:Would You Take Out a Loan for a Pair of Jeans? (2017)
by cbm-vic-20 on Friday May 13, 2022 @03:19PM
(#31371547)
I grew up lower middle class in the 80s. We got layaway to lock in a sale price and make sure the product is still available.
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Re:Would You Take Out a Loan for a Pair of Jeans? (2017)
by lotsofpulp on Friday May 13, 2022 @03:35PM
(#31371712)
I always thought layaway was just used to lock in a sale price, so essentially, a customer is betting that the payment now plus the foregone interest/investment return in the payment will be less than the future sale price.