Telegadgets (“the Seller”) and the Purchaser, whose full name and address appears above (hereinafter referred to as “You”), hereby agree to the following terms and conditions with regard to the sale of the goods described in the Schedule (“the Goods”);
The Purchase Invoice will be attached to this agreement and will serve as a valid description of the goods being purchased. The Purchaser is required to keep a copy of the lay-by agreement as well as the Purchase Invoice as proof of the lay-by agreement.
You agree 3.1. To buy the Goods set out in the Purchase Invoice on lay-by: 3.2. To pay for the Goods by making regular deposits until payment of the full purchase price, as set out in the Schedule; 3.3. That this agreement represents the entire agreement between You and the Seller;
You understand and agree that you will not become the owner of the Goods until you have paid the full purchase price for the Goods;
No interest or initiation fees will be charged on the lay-by;
Minimum order total is ZAR1000.00 and a 33% deposit of the order total is payable as soon as the agreement is signed.
You understand and agree that: 7.1. The purchase price of the Goods includes tax at the current rate of tax; and 7.2. If, at any time before you pay the full purchase price of the Goods, the tax rate is changed in relation to the supply of the Goods, we will be entitled to recover the tax increase from you prior to release of the Goods;
You must deposit the monthly instalments on or before the due dates indicated on the Schedule until the final payment date. All amounts must be deposited at the address of the store, as detailed in the Schedule, or via a direct payment into the bank account set out in the schedule;
Payment terms on any lay-by purchases are strictly 3 months as per the following schedule: 9.1. First payment is a 33% deposit payable as soon as agreement is signed. 9.2. Remaining amount is payable in 2 equal amounts: 9.2.1. Second payment: on or before the last day of the following month. 9.2.2. Third and final payment: on or before the last day of the month thereafter.
The Seller shall furnish You with a copy of this agreement;
The Seller shall not increase the purchase price payable by you; or recover from you any amount in addition to the purchase price of the Goods;
You must collect the Goods within fourteen (14) days of payment of the full purchase price, failing which a reasonable storage fee may be levied and or the Seller terminates this agreed as stipulated hereunder;
Goods may only be collected from the original store of purchase and upon production of a copy of the lay-by agreement, purchase invoice and valid identity document of the Purchaser;
At the Seller’s discretion, certain merchandise may not qualify for purchase as Lay-by Goods;
If you terminate the agreement prior to its expiry date, the Seller shall within 5 business days refund you all monies paid by you in terms hereof prior to the date of such termination and a termination penalty of 10% of the purchase price will be levied;
If You fail to fulfil your obligation to pay the balance of the purchase price in full by not later than the expiry date stated on the Schedule (“the Expiry Date”), the Seller shall be entitled, 30 business days after the Expiry Date, to terminate this agreement and, in that event, the Seller shall refund all payments made by you within 5 business days of termination of the agreement and a termination penalty of 10% of the purchase price will be levied;
If your contact details or address change, You must notify the Seller within seven (7) days of such change;
You must have the legally required capacity to enter into and be bound by these terms and conditions;
The Lay-by Agreement is regulated in South Africa by the applicable provisions of the Consumer Protection Act (68 of 2008).
You confirm that the terms and conditions, the meaning and consequences of this agreement have been presented and explained to you in a language that you understand. You also confirm that the risks relating to the agreement, as well as your rights and obligations, have also been explained to you;
We may at any time amend or replace these terms and conditions and if we do so it does not mean a novation of the agreement or any transaction or indebtedness (meaning that a new agreement does not automatically come into place);
Lay-bys may be excluded from certain promotions, such as one-day deals, Black Friday and new store opening deals as well as specific offers where limited quantities apply.
Please note, the item bought on lay-by is bought at the agreed price, and no correspondence will be entered into should that price change during the course of the lay-by agreement.
