Layaway Terms
Urban Village Scooters offers a six month layaway for the purchase of new vehicles. Here are our layaway terms:
Opening a Layaway
A 20% deposit is required at the time the layaway is opened.
If your layaway is for a vehicle from stock we will not remove it from the sales floor, but we will mark it “sold”.
If your layaway is for a vehicle that must be ordered we will order it when you have paid half of the purchase price.
Term
The final payment due date is six months after the date the layaway is opened. Final payment is due on or before that date.
Payments
Payments may be made at any time during the term of the layaway. Minimum payment is $100 or the remaining amount due, whichever is less.
You will receive a receipt for every payment you make.
Completing Your Purchase
Upon receipt of final payment we will prepare the vehicle purchase agreement and present it to you for your signature.
The full amount of your completed layaway will be credited towards the vehicle purchase.
Notification
If your purchase has not been completed by the end the 5th month of your layaway, you will receive a reminder that you have a month remaining to finish paying your layaway.
Cancellation
You may cancel your layaway at any time before your last payment is made by notifying us. If we do not receive your final payment by the final payment due date, we will automatically cancel your layaway purchase unless we agree to extend that date.
Refunds
In the event of cancellation, we will refund all money you have paid, less a cancellation charge of $100.00.
Sales Events
If the vehicle that you have on layaway goes on sale during the layaway term, you may only receive the sale price if the balance is paid in full during the sale period.