How Does Sears Layaway Work?

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How Does Sears Layaway Work? Here are the 2017 updates and options and an explanation of different payment options for a layaway at Sears.

Sears layaway has easy terms for both in-store and online purchases. Combine it with a free Shop Your Way membership and you can effectively save money and avoid using credit cards. Layaway is not for everyone but can be a better alternative than paying over time with a credit card. Be sure and read the rules before you begin a layaway plan.

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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,* and no money down in stores. 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 canceled 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 Sears layaway categories online:


  sears layaway items


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

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Are you interested to know how does Sears layaway work? We explain how layaway at Sears works along with different payment options.

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