Does Layaway have a purpose? - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 12-14-2011, 02:36 PM   #1
Hear me Meow
Thread Starter
iTrader: (3)
 
skidude's Avatar
 
Join Date: Apr 2008
Location: Outside Portland Maine
Posts: 1,994
Total Cats: 13
Default Does Layaway have a purpose?

In a conversation with somebody at work, she was trying to explain the point of layaway:

If you don't have all the money right now, you put some down, and make payments until you have paid for it, and then you can take it home.

So what is the difference between that and, say, a coffee mug on your dresser that you put the money in? Either way you don't get the item until you have all the money...

I see two reasons it could be useful:
1. To "lock-in" a sale price.
2. To claim an item of limited supply before it runs out.

So why would anybody put normal items on layaway? I must be missing something, since people seem to do it all the time.
skidude is offline   Reply With Quote
Old 12-14-2011, 02:39 PM   #2
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

no, youre not poor.
Braineack is offline   Reply With Quote
Old 12-14-2011, 02:45 PM   #3
Hear me Meow
Thread Starter
iTrader: (3)
 
skidude's Avatar
 
Join Date: Apr 2008
Location: Outside Portland Maine
Posts: 1,994
Total Cats: 13
Default

Quote:
Originally Posted by Braineack View Post
no, youre not poor.
Somehow, I knew that would be the first response. Or something similar but more offensive from Hustler.

Are poor people really the only reason layaway exists? Nobody I actually hang out with has ever used it, to my knowledge, and it seems whenever I hear about it, the person talking isn't exactly rich.
skidude is offline   Reply With Quote
Old 12-14-2011, 02:49 PM   #4
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

it's not offensive, it's the truth. If you have a credit card, you don't need layaway.

The fact that with any increase in minimum wage, there's a significant increase in unemployment, the worst effecting black youth....that's offensive.
Braineack is offline   Reply With Quote
Old 12-14-2011, 02:53 PM   #5
Elite Member
iTrader: (11)
 
Join Date: Feb 2009
Posts: 2,982
Total Cats: 10
Default



Layaway doesnt charge interest
miatauser884 is offline   Reply With Quote
Old 12-14-2011, 02:59 PM   #6
I'm Miserable!
iTrader: (3)
 
Join Date: Nov 2010
Location: Greenville, SC
Posts: 180
Total Cats: 1
Default

The first thing that comes to mind when I hear the word "lay-away" is a huge black woman in spandex with 10 kids running around leaning against the counter under horrid white, stale lights at kmart.
bluemax is offline   Reply With Quote
Old 12-14-2011, 03:02 PM   #7
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

Quote:
Originally Posted by djp0623 View Post
Layaway doesnt charge interest
Poor people can't get credit cards...zero interest or not. At least with a credit card you can get your item right away. Layaway, you make small payments, and ge tthe item once it's paid for.

It's way for large stores to offer business to people who cannot otherwise afford certain things, or have any power to save.

I'm not saying it's bad, just something none of us here will ever need to worry about.
Braineack is offline   Reply With Quote
Old 12-14-2011, 03:02 PM   #8
Elite Member
iTrader: (12)
 
Join Date: Apr 2008
Location: Longs, SC
Posts: 2,583
Total Cats: 13
Default

To make businesses money. Walmart charges a $5 fee ($5.40) to start a layaway. If you cancel they charge a $10 fee. And they are selling items they may have not sold if layaway didnt exists.
icantthink4155 is offline   Reply With Quote
Old 12-14-2011, 03:22 PM   #9
Hear me Meow
Thread Starter
iTrader: (3)
 
skidude's Avatar
 
Join Date: Apr 2008
Location: Outside Portland Maine
Posts: 1,994
Total Cats: 13
Default

Quote:
Originally Posted by Braineack View Post
it's not offensive, it's the truth. If you have a credit card, you don't need layaway.

The fact that with any increase in minimum wage, there's a significant increase in unemployment, the worst effecting black youth....that's offensive.
I'm not saying what you said was offensive, just that Hustler would have found a way to make it so. Not offensive to me, of course, but in general.

So basically, I was right. It's for larger companies to make money from poor people who otherwise wouldn't be able to buy an item due to their lack of saving ability.
skidude is offline   Reply With Quote
Old 12-14-2011, 03:24 PM   #10
Boost Pope
iTrader: (8)
 
Joe Perez's Avatar
 
Join Date: Sep 2005
Location: Chicago (Over two miles from Wrigley Field. Fuck the Cubs. Fuck them in their smarmy goat-hole.)
Posts: 26,318
Total Cats: 1,917
Default

Quote:
Originally Posted by icantthink4155 View Post
To make businesses money. Walmart charges a $5 fee ($5.40) to start a layaway. If you cancel they charge a $10 fee. And they are selling items they may have not sold if layaway didnt exists.
Now that is genius.

I suspect that eventually, some bleeding heart pro-bono lawyer will come along and claim that this practice is somehow predatory / exploitative / whatever, just as banks charging money in exchange for the service of processing debit cards / checking accounts / whatever is also somehow supposed to be unfair.


But essentially, I'm in the same boat as skidude insofar as not understanding the practical utility of the layaway system, except to side with Brainey and assume that it's a mechanism designed to allow people with poor money-management habits to make interest-free loans to department stores.
Joe Perez is offline   Reply With Quote
Old 12-14-2011, 03:30 PM   #11
Tour de Franzia
iTrader: (6)
 
hustler's Avatar
 
Join Date: Jun 2006
Location: Republic of Dallas
Posts: 29,114
Total Cats: 351
Default

Quote:
Originally Posted by Imperial Grand Dragon Braineack View Post
**** the blackz!
hustler is offline   Reply With Quote
Old 12-14-2011, 03:30 PM   #12
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

Quote:
Originally Posted by skidude View Post
So basically, I was right. It's for larger companies to make money from poor people who otherwise wouldn't be able to buy an item due to their lack of saving ability.
The way you put it sounds negative; it's a company's purpose to exisit to make money.

But it's large companies that can offer these type of services, allow poor people into a market they'd never be able to enter otherwise.

This is why our system has raised the standards of living our poorest citizens to heights no other system can match. Wal-mart and other companies that are offering these services are bringing real hope, progress and general good as well as giving these people a sense of pride, dignity, self-confidence, self-esteem that they would no otherwise achieve buy purchasing products with EBT cards and welfare checks.
Braineack is offline   Reply With Quote
Old 12-14-2011, 03:33 PM   #13
Tour de Franzia
iTrader: (6)
 
hustler's Avatar
 
Join Date: Jun 2006
Location: Republic of Dallas
Posts: 29,114
Total Cats: 351
Default

Quote:
Originally Posted by Braineack View Post
The way you put it sounds negative; it's a company's purpose to exisit to make money.

But it's large companies that can offer these type of services, allow poor people into a market they'd never be able to enter otherwise.

This is why our system has raised the standards of living our poorest citizens to heights no other system can match. Wal-mart and other companies that are offering these services are bringing real hope, progress and general good as well as giving these people a sense of pride, dignity, self-confidence, self-esteem that they would no otherwise achieve buy purchasing products with EBT cards and welfare checks.
Clearly you're a Jew-loving 1%'er.
hustler is offline   Reply With Quote
Old 12-14-2011, 03:37 PM   #14
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

Quote:
Originally Posted by hustler View Post

ah, now my coworkers wanna know whats so funny.
Braineack is offline   Reply With Quote
Old 12-14-2011, 03:39 PM   #15
Tour de Franzia
iTrader: (6)
 
hustler's Avatar
 
Join Date: Jun 2006
Location: Republic of Dallas
Posts: 29,114
Total Cats: 351
Default

Quote:
Originally Posted by Braineack View Post
ah, now my coworkers wanna know whats so funny.
I had to go back and change it to "Imperial Grand Dragon", initially I went with "Newt Gingrich", lol.
hustler is offline   Reply With Quote
Old 12-14-2011, 03:40 PM   #16
mkturbo.com
iTrader: (24)
 
shuiend's Avatar
 
Join Date: May 2006
Location: Charleston SC
Posts: 13,776
Total Cats: 1,106
Default

Quote:
Originally Posted by skidude View Post
In a conversation with somebody at work, she was trying to explain the point of layaway:

If you don't have all the money right now, you put some down, and make payments until you have paid for it, and then you can take it home.

So what is the difference between that and, say, a coffee mug on your dresser that you put the money in? Either way you don't get the item until you have all the money...

I see two reasons it could be useful:
1. To "lock-in" a sale price.
2. To claim an item of limited supply before it runs out.

So why would anybody put normal items on layaway? I must be missing something, since people seem to do it all the time.
The biggest problem is that you are looking at layaway in a modern time. Layaway was started before their were major credit cards. Basically if you wanted a big item like a fridge, or oven, or other appliance, you would put it on layaway. This would guarantee that the item you wanted would be there when you finally paid off. As opposed to saving up in a coffee cup and then finding that the item is no longer available. As companies started offering "store" credit cards I believe layaway slowly fell out of use. Now in modern times with everyone being able to get a CC, layaway has almost no use. Except maybe to pick up that holiday gift that might sell out, but you don't have cash now.
shuiend is offline   Reply With Quote
Old 12-14-2011, 03:45 PM   #17
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

the reason he's looking at it in a modern time is because wal-mart and other stores have recently started offering the services again. Since many people do not have credit, and cannot get credit.
Braineack is offline   Reply With Quote
Old 12-14-2011, 03:57 PM   #18
Hear me Meow
Thread Starter
iTrader: (3)
 
skidude's Avatar
 
Join Date: Apr 2008
Location: Outside Portland Maine
Posts: 1,994
Total Cats: 13
Default

Quote:
Originally Posted by Braineack View Post
The way you put it sounds negative; it's a company's purpose to exisit to make money.

But it's large companies that can offer these type of services, allow poor people into a market they'd never be able to enter otherwise.

This is why our system has raised the standards of living our poorest citizens to heights no other system can match. Wal-mart and other companies that are offering these services are bringing real hope, progress and general good as well as giving these people a sense of pride, dignity, self-confidence, self-esteem that they would no otherwise achieve buy purchasing products with EBT cards and welfare checks.
Brilliant. This perfectly answers my original question without making it sound like companies are preying on poor people. And I agree completely, companies are supposed to make money, that is their purpose.
skidude is offline   Reply With Quote
Old 12-14-2011, 04:12 PM   #19
Boost Czar
iTrader: (61)
 
Braineack's Avatar
 
Join Date: May 2005
Location: Chantilly, VA
Posts: 72,872
Total Cats: 1,790
Default

thats cause i ******* love america.
Braineack is offline   Reply With Quote
Old 12-14-2011, 04:14 PM   #20
Senior Member
 
Join Date: Aug 2010
Location: Maumelle, AR
Posts: 618
Total Cats: 2
Default

Quote:
Originally Posted by skidude View Post
In a conversation with somebody at work, she was trying to explain the point of layaway:

If you don't have all the money right now, you put some down, and make payments until you have paid for it, and then you can take it home.

So what is the difference between that and, say, a coffee mug on your dresser that you put the money in? Either way you don't get the item until you have all the money...

I see two reasons it could be useful:
1. To "lock-in" a sale price.
2. To claim an item of limited supply before it runs out.

So why would anybody put normal items on layaway? I must be missing something, since people seem to do it all the time.

Several years ago... I went to academy sports and they had glocks on sale for 20% off. It was that day only (I think it was a grand opening type sale) I was getting paid the next day so I did lay away for a day, lol.

I used to work at a franchise radio shack store, and we did lay away. It was pretty sad honestly, people would come in and pay a couple dollars a week, often in form of change and rolled change. The contract we did was pretty evil, if they didn't pay like once every two weeks we could keep all the money and put the product back on the shelf, the actual fee was pretty low. We often had ppl skip out on paying often enough, but only rarely took their money.... and those would be cases where someone had something going for like a year and hadn't showed up in 3 months or something.
ianferrell is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Another Cast Manifold Corky Bell Prefabbed Turbo Kits 18 11-22-2016 10:01 PM
Replacing one tire nigelt Wheels and Tires 7 09-22-2015 01:32 PM
mslabs MS2 - Idle control issue ndragun MEGAsquirt 0 09-20-2015 11:28 PM
VE values too low? compuw22c MEGAsquirt 4 09-12-2015 08:42 PM
ME221 Now has Autotune and Long Term Fuel Trim Tables Motorsport-Electronics ECUs and Tuning 0 09-05-2015 09:02 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 09:07 PM.