Buy now pay later is exactly how it sounds. A store that offers this payment plan allows you to buy what you want immediately and pay for it at a later date. The period of this payment delay varies depending on the lender and of course the price of the items. The more expensive the item, the longer you have to pay for it. Indeed, many catalogues offer the buy now pay later option on furniture and offer a pay nothing for at least 12 months. This can be ideal for anyone who has recently moved home.