Layaway At STL Beds

Layaway Payment Option

Once upon a time before the credit was king layaway ruled the buying world. Stores would agree to let you purchase an item for sale and they would hold that purchase to the side in a stockroom. Sometimes there was a small charge for holding that item due to the cost of “laying” or inventorying the item “away” in layaway storage space. Some stores even offer(ed) layaway for free as a courtesy. Learn more about our layaway payment options.

The great thing is a person did not have to pay the total cost of the item up front, could take advantage of a sale price, and while making regularly scheduled payments until the item was paid for in full. At that time they would then be allowed to take their purchase home.

Layaway Was At One Time The Best Way To Buy Something

Unfortunately, layaway seemed to go the way of the Dodo Bird when on September 14, 2006, the giant discount store Wal-Mart publicized that they were going to do away with their layaway program. They cited rising costs and low public demand as the reasons for layaway’s’ demise. What many people don’t realize is that at one time it was the modern-day equivalent to purchasing something with a credit card, the difference being no astronomical interest fees and we couldn’t take it home because we didn’t own it until it was paid for.

Could Layaway Payment Plans Be Making A Comeback?

The financial and economic downturns of the past two decades have put things back into perspective for many people. From the early 1980s and before many people didn’t even own a credit card. The ones that did however didn’t do credit limits of 10,000 or even more, they were oftentimes only a couple hundred dollars. Credit card companies were stingy with loans and required some real credit establishment. Layaway purchases were designed to help people get their wants and needs, such as a new Heavy Duty Mattress,  without getting themselves into hock up to their rooftops literally like during the recent housing bubble instead of allowing them to buy as they could afford to instead of borrowing.

Tight credit lending, reduced consumer spending, and the economic recession has some big brick and mortar retailers and Internet retailers offering layaway once again. It is said to be popular at Kmart stores and some Best Buy stores are even now offering layaway once again, while small family-owned stores like STL Beds has been offering it to their customers since they opened in 1986.  It is a very smart solution and is a great alternative to purchasing on credit helping people to be more fiscally responsible. Law change prompts new tactics in credit.

Some Of The Best Layaway Programs

Furthermore, the digital space is spawning more and more options for those who shop online to secure financing or other methods of spreading out purchases. Companies like Klarna or even our financing partner Affirm force companies to cater to consumers looking for more affordable options.

Furniture Today magazine says furniture retailers are trying layaway, rent-to-own, and various other financing options to encourage businesses.

Layaway At STL Beds

Our number one goal at STL Beds is to connect you with your ideal sleep solution. We would be beside ourselves if a lack of payment options kept us from achieving that for you. As such, we offer layaway on our products.

• Our program goes for 120 days,
• We spread payments equally across that time span.
• We will not perform a credit check when you sign up.
• You can also pay as little as $25 down to enroll in the program.

Come by our location or give us a call at 636-296-8540 to learn more about layaway and other payment options for your sleep solution.