Introduction
Layaway policies have been functional since the 1980s. The central idea or focus has always been to provide customers an effortless and accessible shopping without monetary worries. Over the past few years, many stores and supermarkets like Aldi, Target, Costco, and even Lowes have been providing a layaway plan for their customers. However, with the advent of technology and much financial growth, these policies have largely changed their course. Let’s know ‘Does Lowes have layaway?’
Overview
Even supermarkets like Lowes had been providing a layaway plan for customers to be free from financial worries and purchase all they need. The paying in installments method was quite reliable, especially in the previous years. However, as of today, Lowes has stopped their in-store layaway services. There are reasons general to those of other stores as well as other policies or alternatives that have been offered by Lowes. One of these includes an Affirm plan for their online shopping. Find all details and highlights regarding these aspects as you read.
About Lowes
Lowes is a supermarket or store dealing in many kinds of products. Slightly different from typical grocery products, they have not only grocery items but also homeware, decor, and many other supplies you and your space may need. Whether it’s equipment for your gardening or decorations for Halloween, Lowes has it all stocked up for you. Moreover, they offer a variety of brands and categories to choose from. Their mission to deliver the right and valued services and products has been skilfully exercised across all their stores. The increase in their choice of products directly stands to assist customers and their increasing needs.
Does Lowes have layaway?
While Lowes did have a simple and accessible layaway plan, the case is not the same anymore. As of 2021, many stores discontinued their layaway policies and Lowes is one of them. The whole pattern of purchasing an item or reserving it at the store to pay for the same in installments was much needed in the previous years. Inflation, lack of employment, and major financial concerns forced stores to come up with a plan which was titled layaway. However, given the advancement of today, the policy is not required.
Why does Lowes not have Layaway anymore?
- Concept of credit
The idea of paying via credit or paying with a credit card has been released in the past few years. This entire concept of paying with credit and later shelling out cash works better than that of a layaway policy. Moreover, this concept has been largely adopted and is evident in the use of many credit cardholders. Lowes taking payment via credit card as an option decided to let go of the layaway policy.
- Offers and retail values
Being a retail store, Layaway already offers a variety of products at cost-efficient prices. Furthermore, they have offers on products daily that reduce the cost overall. Sales, discounts, combos, and much more have become dynamic at Lowes. With things like this in place, a layaway plan is not necessary.
- Rewards and other incentives
Lowes also has rewards, point systems, lowes cards, and many other incentives for its customers. Additionally, they also have strategies to offer items at the best value to customers. They reduce extra costs as much as possible. Therefore, a layaway plan is not as effective as before.
- Alternative: Affirm
Lowes has found a better and more efficient platform to offer pay later or paying in installment services for its customers. They use Affirm which allows you to buy what you need now and pay for it later in installments as per your plan and their policy. This offers similar access to that of a layaway plan and has efficiently replaced it to provide more accessible and updated services.
Affirm policy at Lowes
Lowes accepts payments in installments via Affirm alone for shopping online and in-store. A simple app and platform designed to replace layaway plans with updated and accessible features. Follow these basic steps to pay with Affirm:
- Download or login to Affirm app or website and create your account
- Manage and choose the store as well as the plan you’d like to pick for paying installments
- Shop as much as you like at Lowes
- At the time of payment, simply choose and add the relevant details for payment as per your policy (date, method of payment, amount, etc)
- Pay your total amount in installments according to the policy and dates set by you!
Conclusion
Lowes does not have a legit layaway plan. However, there are many other incentives lined up which make shopping at Lowes better. With these running, you don’t need a layaway or installment policy itself! Moreover, you can use Affirm at Lowes and pay in installments if you’d like!
FAQs
- Does Lowes affirm apply to all products?
Mostly, yes. There are rare items that cannot be purchased with Affirm. These may include some kinds of medicines or accessories which may not be under the policy.
- How many installments can one pay using Affirm?
The number is generally 4 installments. However, based on your plan, the period and number of installments itself may differ.
