Laguna thinking out of the box revisits old plan
woodenhead
| Posted in Power Tools and Machinery on
I remember my mother going to the local appliance store and putting down 5 or 10 dollars on a big ticket item like a washing machine, it was called a lay away plan. When it was fully paid for the store would deliver it, with our economy in a deep recession Laguna has revived the concept, put down as little as 15% and you lock in the price. I am not sure how successful Laguna will be but i do complement them on trying something different or should i say from the past.
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I agree, good thinking on Laguna's part. They might cause even more excitement with a rent-to-own program. But, that would be a lot more risky.
They are definately thinking outside the box. My only concern would be what happens if they go bankrupt. I would not mind having one of their Bandsaws (even if mine is good).
Do you remember the days of the "Christmas Club"? Banks offered plans where a weekly deposit earned interest and and was reserved for withdrawal (in December, I think) to purchase Christmas gifts.
Those were the days of 'savings books'. Every deposit was marked, by hand and in ink, in your 'savings book' so you could see your balance grow.
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