Lay-By Policy

Last updated: 3^rd September 2026

Terms and Conditions: Lay-By Agreement

This Lay-By Policy complies with Section 62 of the South African Consumer Protection Act (No. 68 of 2008). By opting for a Lay-By agreement with AgriEdge Precision, you agree to the following terms:

1. Payment Terms & Structure
Deposit: A 10% minimum deposit of the total purchase value is required upfront to reserve your item(s).
Payment Period: The remaining 90% balance must be paid in 3 equal monthly installments.
Payment Schedule: Installment dates and amounts will be clearly stated on your tax invoice/statement at the time of purchase.2. Item Reservation & Delivery
Stock Allocation: Reserved items remain the property of AgriEdge Precision and will be safely stored until the total purchase price is paid in full.
Release of Goods: No goods will be released, dispatched, or delivered until final settlement of the agreement is received.3. Cancellations & Refunds
Customer Cancellation: You may cancel this agreement at any time before the full payment is completed.
Default on Payment: If an installment is overdue and payment is not received within 14 calendar days of a written notice, AgriEdge Precision reserves the right to cancel the agreement.
Cancellation Fee: In the event of a cancellation (by customer or due to default), a 5% cancellation fee (calculated on the total purchase price of the items) will be deducted to cover administrative, storage, and re-stocking costs.
Refund Disbursement: All payments made up to the date of cancellation, minus the 5% cancellation fee, will be refunded to your original payment method or bank account within 14 working days.4. Price & Specifics Guarantee
Price Hold: The agreed total purchase price remains fixed for the duration of the lay-by term. Any subsequent price increases or promotions on the reserved items will not affect your agreement.
Risk: The risk in the goods passes to the buyer only upon physical collection or delivery.