Lay-Buy Financial Solutions Pty Ltd trading as www.lay-buys.com has identified the fundamental principles that we believe are integral and mandatory for all offers of Lay Repurchase Agreements that are made through our PUT IT ON LAY-BUY checkout payment option in order to be fair and reasonable, in accordance with the Fair Trading Act 1999. If you sell goods or services and they are paid in installments, but the fees (except cancellation fees) or interest are included, this may be not only a Layby sale, but also a credit contract. Customers can request a written statement from their Layby sales account at any time. You must make them available free of charge within 5 business days of receiving the application. You can terminate the lay-by agreement at any time before receiving the products. A lay-by is an agreement between you and a customer where you: An agreement is considered lay-by if the consumer: If you cancel, the seller must immediately refund them all the money you paid under Layby, minus the possible cancellation fee. You may have to pay a cancellation fee if the contract states that a payment is (see below, “How much can I be charged for the cancellation?”). If the contract contains all three of these characteristics, it is a “Layby sale,” whether or not it considers itself one. A company can terminate a lay-by if the customer breaks the contract – z.B.
a missed payment. If there are not enough goods to satisfy all buyers, buyers who have first entered into a contract with the seller will receive the goods. Buyers who miss have a chance to get a refund of what they have paid. You must contact the Seller via the contact information of the agreement or in some other agreed way. The seller must ensure that the Layby sales contract is written and that it is clear, readable and simple. You must obtain a copy of the agreement if you make it. If the seller cancels, your right to refund and the seller`s right to pay other payments will be the same as if you cancelled it (see above, “Can I get a refund if I cancel the Layby?”), except that the seller can only charge a cancellation fee if he cancels because you did not comply with the terms of the contract. , not if they resign for any of the other reasons. You can only charge a termination fee to the customer if they terminate the contract. The agreement must be clear, readable and clear.
The front page must be included: You must receive a copy of your Lay-by written agreement that will state all terms and conditions, including any termination fees that may apply. The agreement must indicate the total price you must pay and the agreement must be dated. The following information should be on the front page: There is no amount or percentage set for termination fees, but there should be no more than your “reasonable fees” related to the lay-by agreement (for example. B storage and administration costs applicable to the Lay-by agreement).