With an installment buying plan you take possession of the item and with a layaway plan you take possession of the item

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Dominique Hamilton

Mathematics

26 November, 00:59

With an installment buying plan you take possession of the item and with a layaway plan you take possession of the item

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Taniyah Navarro · Answer 1

In installment buying, the buyer has the possession of the item immediately and then pays for it in a series of payments or installments. And in a layaway plan, you take possession of the item after you have completely paid for the item, you first give some of your money to the store and then a little more next week and until the item is totally paid for.