How Does Sears Layaway Work?

The links in the post below may be affiliate links. Read the full disclosure.

Sears has one of the best layaway programs I’ve found. Combine it with a free Shop Your Way membership and you can effectively save money and avoid using credit cards.

walmart layaway 2014

Layaway at Sears can be set up in stores or online. The in store layaway option is only for purchases of $400 or more.

For online layaway, one penny is required down online.* There is a $5 layaway fee to get started and the minimum down payment for each item is a penny. The cancellation fee is $15 for in store and online layaway plans.

How Does Sears Layaway Work?

Shop for virtually anything. Bring your items to any register in the store or add to your shopping cart online. Items that are eligible for online layaway will be identified as “Available for Layaway” on the individual product page. Your in store total must be $400 or more. Not all Sears stores offer layaway.

Offer valid only on new Sears Layaway contracts initiated. No down payment required in store at contract initiation. One penny required down online. Service fees apply. All fees nonrefundable. Cancellation fees apply. No cancellation fee in Ohio. Requires biweekly payments. Total Layaway contract amount spread over 4 biweekly payments for an 8 week contract and 6 biweekly payments for a 12 week contract. 12 week Layaway option available in-store only for purchases of $400 or more.

How Do I Make My Layaway Payments?

You will make your payment every two weeks and you can pay online or at any Sears register with cash, check, debit or credit card.

  • Pick up your items if they are held at the store. For items held at the warehouse, schedule a pick-up or delivery time.

8-week option layaway facts (4 biweekly payments)

  • Service Fee is $5 for all new layaway contracts.*

  • Cancellation Fee is $15 for all new layaway contracts.*

  • One penny is collected when merchandise is put on layaway, online.*

  • 4 Easy Payments of balance due are required after down payment for an 8-week layaway contract.

For purchases of $400 or more, a 12-week option  (6 biweekly payments) is available in-store.

Are there any fees?

Except where prohibited by law, an 8-week contract requires a $5 Service Fee and a 12-week layaway contract requires a $10 Service Fee.*

Can I cancel a layaway contract?

Yes, you can cancel any layaway contract. You will receive a refund of your payments made to date minus the Service and Cancellation Fees. the cancellation fee is $15.

What if I miss a layaway payment?

You have a 7 day grace period after your payment due date before your contract is cancelled and items are returned to stock. A nonrefundable Cancellation Fee will apply.

A scenario for using layaway:

Let’s say your washing machine stops working and it is beyond repair. Let’s say the replacement cost is $500. You can set up an 8 week layaway and make 4 biweekly payments of $125 plus the $5 fee to set it up. So the total for your washing machine is $505. Figure out what your interest payment on your credit card would be in 2 months (8 weeks) and if it is more than $5, then you will come out ahead using layaway.

I’m not saying that layaway is appropriate for everyone and for every purchase, but it is a tool that you can consider especially when making a large purchase. If you think you will be tempted not to pay off the balance on your credit card, then layaway can help you to break the payments down into smaller amounts and get your purchase paid in full in a few months.

Shop these top layaway categories online:

  sears layaway items 2014

Electronics ~ Lawn & Garden ~ Outdoor Living ~ Appliances ~ Jewelry ~For the Home ~Bedding ~ Clothing ~ Toys & more

Do You Have a Free Shop Your Way Account?

Although you cannot use your free points to pay toward your layaway, you will earn points on your purchases. Those Shop Your Way points will be credited to your account within 48 hours after the layaway has been paid for and completed.

Use a FREE Personal Shopper to find what you need quickly and on sale! I am a Sears personal shopper and I would love to help you! Follow me here (no credit card needed and no obligation-ever!)

From large appliances to TV, to toys and clothing, I can find it quickly and give you several choices. The Shop Your Way Personal Shopper service is free and there is no obligation to buy. Join here and send me a private message and tell me how I can help you to find items for less at Sears and Kmart.

For Shop Your Way Members ~(join for free and earn points which you use off your next purchase)

Make sure you give your Shop Your Way member number, or give them your email or phone number to find you in the system. Once your layaway is paid for, the Shop Your Way points you earned will be credited to your account. It may take up to a week to see them in your account.

Layaway can be a better option than paying with credit cards if you are going to incur interest charges!


Walmart’s New Layaway Plan – How Does it Work?

Kmart No Money Down Layaway


Leave a comment

Strawberry Mango Smoothie – A Healthier New Year

March 29, 2015
Thumbnail image for Strawberry Mango Smoothie – A Healthier New Year

How are your new year resolutions coming along? Wow, we are almost into April. I have made a commitment for healthier living.  One thing I am doing is substituting at least one meal each day with a healthy smoothie.  All my smoothies contain kale which is basically a super food!  I combine the kale with […]

Read the full article →

Kohl’s Senior Citizen Discount

March 29, 2015
Kohls senior discount

Kohl’s Senior Citizen Discount Kohl’s offers a senior citizen discount of 15% off every Wednesday. I posted the details from their website and they did not specify the minimum age so I called my local Kohl’s store and was told that the Kohl’s Senior Discount is for  ages 60+ however, it cannot be combined with other discounts […]

Read the full article →

Find Today’s Free eBooks

March 29, 2015

Find Today’s Free eBooks Here! – Which book category do you like? Choose from cooking, DIY, business and self-improvement, fiction and non-fiction. It takes just a few seconds to download your favorite selections now {while they are free!} You can download free eBooks to your Kindle, iPad, smartphone or computer. I like to have new […]

Read the full article →

10 Cute Dresses for Spring Under $50

March 28, 2015
Thumbnail image for 10 Cute Dresses for Spring Under $50

2LUV Boutique – Floral Print Elastic Waist Dress $10.99 Marketplace 2LUV – 2LUV Women’s Collared Floral Print Belted Dress Black & Red L (63106) $25.25 Marketplace Forever 21 – Black And White Stripes Chevron Cut Dress $31.50 Tradesy Xueyi – Xueyi Women’s Spring Summer Dresses Flower15 (XXL, light grey) $19.99 Fullfillment By Amazon […]

Read the full article →

Today’s HOT Deals

March 28, 2015

Here are some highlights of the best offers and freebies that I come across each day. Stay tuned for more of Today’s HOT Deals! Every day, we come across some great freebies, trial products, free food offers and more. Keep your postal worker busy and your mailbox full! Freebies are also great to donate to […]

Read the full article →

Deals and Steals Jewelry Finds for Under $5 Including Shipping

March 28, 2015
Thumbnail image for Deals and Steals Jewelry Finds for Under $5 Including Shipping

If you love deals and steals for jewelry and accessories, we have jewelry finds for under $5, including the shipping. These are a great way to stretch your dollars. Order now, some items ship from overseas and take more time. These make terrific last-minute gifts to have on hand. If you like these inexpensive little splurges […]

Read the full article →

Organic, Gluten Free and Healthy Food Coupons and Sources

March 28, 2015
Thumbnail image for Organic, Gluten Free and Healthy Food Coupons and Sources

Whenever I teach coupon and money-saving classes, I am always asked about saving money and finding coupons for organic, gluten free and healthy food. Check back here each week as we have found plenty of ways to cut down on your grocery bill and eat healthier! Are you eating organic food, gluten free, and healthy […]

Read the full article →

Who Has the Cheapest Price for Gluten Free Food? Amazon vs. Walmart

March 27, 2015
Thumbnail image for Who Has the Cheapest Price for Gluten Free Food? Amazon vs. Walmart

Are you making the switch to gluten free foods? Since one of our family members has gluten intolerance, we are all trying to embrace gluten free food to make things easier. The good news is gluten free foods are becoming easier to find but they can also be more expensive. We recently did a price […]

Read the full article →

The Honest Company Feeding Line

March 27, 2015
Thumbnail image for The Honest Company Feeding Line

It occurs to me that while I’ve mentioned my children from time to time in posts that I’ve never really shared much about them or about being a mom.  My oldest is turning 11 in April and youngest turned 1 in January with a 9 year old, 3 year old, and 2 year old filling […]

Read the full article →

What Can I Get for Free Today? Friday Freebies

March 27, 2015
Thumbnail image for What Can I Get for Free Today? Friday Freebies

What Can I Get for Free Today? Lots of  Friday Freebies!  Check out our long list of the best freebies and offers that we could round up for you. We have 39 items that you can get for free today. You can also donate freebies to your favorite charity, or keep them in your car […]

Read the full article →