Lay by Terms
Little Red Closet is happy to offer its customers a 4 weeks lay-by service. Now you can purchase all your heart desires and pay it off in manageable repayments. No interest is added in the cash price.
The Minimum order ammount for our layby service is $100
Simply add the items to your shopping cart and in the Checkout process please choose bank transfer as payment option and write that you want to layby in the Add comments part, confirm order and we will then contact you back via email to let you know how much the deposit is that will be required.
Please take a few minutes to read these Terms and Conditions for Lay by purchases. Happy Shopping!
When We (the seller of Little Red Closet) agree to a layby sale the goods must be held for you - unless you do not make payments as agreed. We cannot increase the price of the goods held on layby if new stock comes in at a higher price. If we put other stock of the same goods on sale while you have your item on layby you are not entitled to have it at the reduced price. We may call the sale by another name, such as ‘part-payment’ but it is still a layby sale.
Layby Sales Act
Layby sales are covered by the Layby Sales Act 1971.
Layby Terms and conditions
Deposit: when purchasing on a lay by basis an initial deposit of 20% is required on the order as per the agreed price. Prices are all GST inclusive.
Payment Frequency: we request that payments for your lay by purchase are made on a weekly or fortnightly basis. It will be greatly appreciated if you would email (or telephone) us each time a payment is made via direct deposit, as it would assist us in identifying in who is paying and when payments have been made. You can make your payments through internet banking with your order id. as reference.
Completion of Payment and Penalty fees: payments must be made within four weeks of the order date or longer if previously agreed. If you fail to make payments and / or do not finalise your lay-by by the end of the lay by term (4 weeks), Little Red Closet has the right to keep your deposit (20% of the full price of the item/s), for administration and cancellation fees. You will lose the right to your item/s and they will be resold after 3 days of cancellation. If you have made payments on top of your deposit they will be refunded back to the customer via bank deposit.
Extension of Layby: If you could not finalize your payment by the end of the layby terms, you may ask Little Red Closet to extend the terms for you. We charge 1% of the total purchase price per one week extension for up to 4 weeks (i.e. 1% of the total purchase price $250.00 is $2.50 per week).
Cancellation of Layby:
Cancelled by You – You may cancel a layby if you have not finished paying for it. Let us know by calling us at Little Red Closet or email.You do not have to give a reason for cancelling. If you cancel a layby you are entitled to a refund of the money you have already paid. However, we will keep 20% of the total purchase price to cover selling costs and/or loss of value.
If the items have been lost or damaged while on layby, you can cancel the layby or ask to either compensate you for the damage or to agree to replace the goods.
Cancelled by Us – We may cancel a layby if you do not keep to the agreed terms. For instance, if you do not make payments as agreed or do not pay off the layby within the agreed time. (Please refer to the terms of Penalty fee above) if a layby is cancelled by us we will advise you either by phone or email.
All items remain the property of Little Red Closet until final payment has been received.