Bud's Guns and Layaway?

[357-RevolverGuy]

I've never purchased from Buds but always use layaway at the local gun shops around me. It's the only way I can bring new guns home without the wife finding out. Well, unless I trade firearms.

 

[Philadelphia Patriot]

I called Buds. The customer service rep said the layaway program has been down for about a week. He said it should be back "soon" but his higher ups wouldn't elaborate when that would be. He also stated A LOT of people have been calling up to complain about its disappearance.

 

[model70hunter]

Before credit cards many stores had what they called 90 days cash, if you paid it off in 90 days you didn't pay any interest.

The big box stores have 12 months interest free. This is Lowes and Home Depot.

We've used it for new fridges, ranges and when we've remodeled. My wife hates bills so she get them paid off quickly, our money stays locked into making interest.

 

[Laketime]

Because the Internet for the most part has killed profits in almost all products.Too thin a margin for the retailers to be able to provide the extra services they once use to.

 

[GKC]

I look at it this way; if you can't save your money for it then you should not have it.. Discipline is the key here..

Not necessarily. Sometimes a gun you want is hard to find (like a new production gun that is in high demand, or a discontinued gun that is rarely available) and you might see one at the exact moment you don't have the full amount of cash available. In the case of the new gun, you could wait because there should be more available in the future, but in the case of the discontinued gun, you might not get another chance at it.

My favorite LGS has a 90 day layaway policy with 30% down, and no interest. They will allow you to move the funds over to a different gun if you change your mind, as long as the gun you had in layaway is a good seller. Otherwise, they don't give refunds (which is understandable.)

A couple of other shops I go to less frequently have ended their layaway programs. I asked them why, and they said there was too much uncertainty in gun supply and pricing...which I guess means they would prefer to make the sale now, instead of it being spread over several months, and they can't replace their inventory until they sell the one(s) they have.