Do you need goods and items, but you can’t 100% afford to pay for them now? Instead of trying to get a credit card – which comes with its own red tape and admin – there is another payment option available to you that is easy, affordable and gives you the flexibility to still get the things you want.  

What is this option?   

Lay-By: You pay instalments and get the item once it is all paid off. 

This traditional payment option, which has been around for decades, allows you to secure an item that you like, even if it is slightly out of your budget. You pay off the item over a set period of time, which means that you can still stick to your monthly budget, then get the item once it is completely paid off.  

How does it impact you? 

1. Budgeting 

Opting for a lay-by allows you to stick to your budget, as the seller cannot increase the price of the goods that you are paying for. This also allows you to spread your costs out a bit, so that it doesn’t impact your day-to-day life.  

2. Interest rates  

Another advantage of buying on lay-by is that no interest is charged on the price of the goods.  

3. Hidden fees  

Yet another benefit is that the seller cannot charge you for storing the goods, while you are paying them off. So, you always know upfront exactly what an item will cost you. 

Some of our stores offer lay-bys. Please call your nearest Cash Converters to confirm if they do. Terms and conditions differ from store to store, so be sure to discuss those too. 

To find your nearest Cash Converters store, click here