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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.
by cbm-vic-20 4y ago
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.
- lotsofpulp 4y agoI 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.