TexasCHLforum.com

I don't mind layaway and I don't mind doing the 0% interest in store credit accounts either. If you really want to get into the economics of it think about it like this. If I had $1000 cash in the bank as fun money and a gun store was doing a 0% for a year deal I would still do the 0% deal. You can leave that money in your bank account and it will make money and you don't pay anything extra on the loan. SO you can pay out from your savings and at the end of them term you will have full use of the product for a year or six months AND more money than you started out with due to gains from interest.

Lay-away to me is a forced savings plan and I don't think of it as a bad thing either. Some folks just aren't as good at putting money aside for their hobbies as others. I know I'm much better at paying off a layaway than just putting the money aside. Now saving for other stuff sure but my fun money can often be spent impulsively. So by going out and putting money down on the firearm I tie myself to it and therefore I'm going to make sure that I don't spend the money on other stuff.

The people defaulting on a lay-away is way less than you would think by the way.

I've bought firearms from Tomball Pawn on layaway and have nothing but good things to say about them. Also Champion Firearms in College Station also has good prices and a 90 day layaway. They also have year round 0% financing.