Can anyone ELi5 the PROs of this?
Laymens of the Stock Option in my head: “Well, I don't have the full payment right now, but I do want to buy this at some point (maybe I won't though), so here's a downpayment to hold it for me, only except its not actually a downpayment and I know I have to pay the full price when I come back (if I do decide to buy)”
This does not make sense to me. Maybe this is not accurate, but if it is, wouldn't you end up spending more money in the end? Why would anyone who does not have a full payment put something on an unobligated layaway when they could take out a loan the same day and to buy immediately, then pay the loan off?
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