Many shoppers choose to put expensive items on layaway, so they can slowly pay off the item in increments without worrying that it will go out of stock.

Department store Sears is offering the same layaway service, but instead of just products, it is offering layaway for vacations as well. At SearsVacations.com, buyers can purchase a vacation package and put it on layaway. Vacationers are required to put 10% of the total cost down upfront, and can then continue paying in self-determined increments until the time of the trip. The trip must be fully paid for by the travel date.

Anne Banas, executive editor of the travel site SmarterTravel cautions consumers that putting vacations on layaway is very risky because of interest rates and the penalties for not paying on time.

She told the Boston Herald she hasn’t seen anything like what Sears is offering.

According to a release, the new vacation service is powered by International Cruise & Excursions, which will provide “travel fulfillment and customer service” out of its Scottsdale, Ariz. headquarters.

Sears Vacation Layaway A Good Idea?

Sears Vacation Layaway A Good Idea?