Saving money and owning luxury items are two things that don’t usually appear in the same sentence. After all, luxury goods are known for their steep prices.
Even so, there are ways you can save and still buy that designer handbag you’ve been eyeing for so long. You don’t even have to be an insider in the fashion industry to do so.
Interested? From waiting for must-haves to buying secondhand designer accessories, here are six hacks that could help you save on luxury items:
1. Scour Outlet Stores
An outlet store is one of the best places you can score low-priced luxury items. These establishments sell well-known brands with discounts. The only catch is that the products you’ll find there may not be the same items you’ll see the brand selling in retail stores.
The products sold here are definitely authentic. They have the same quality as others sold under the same brand name. The only difference is that they are not from the latest collection released by the brand, as they are made explicitly for outlet selling.
Despite this, you can still find treasures in outlet stores. You’ll be able to wear products from the same world-famous brand without having to pay a high price – literally.
2. Prioritize and Wait for Must-Haves
If you’re in a hurry to purchase, you could very well be buying luxury goods at retail prices. But if you’re patient and picky with what you buy, you’ll have a better chance of procuring a luxury piece that you could use every day.
One way to do this is to prioritize your must-have pieces.
Classic pieces don’t usually go on sale, but if you wait long enough (and look hard enough), you should be able to find seasonal items that have the same vibe. The key is to seek products during biannual and annual designer sales that can be used in multiple ensembles.
3. Buy Secondhand
Although they may not be fresh out of the box, pre-loved luxury items offer plenty of savings with almost the same quality as new ones.
Consignment designer bags and other accessories have the same quality and air of luxury as their brand-new counterparts. They also have the added benefit of costing a lot less than retail. Just make sure you’re buying from reputable platforms.
It’s also smart to be wary of deals that seem too good to be true. If you find the price is a lot lower than what others have listed, the probability of that item is in very poor condition, a fake, or a part of a scam is quite high.
The power of negotiation can bring massive savings, even on luxury items. If you’re buying from sellers on eBay and other similar platforms, you can present an offer lower than the price they have posted. You may also ask for their best price for the item in the hopes of getting a good deal.
In most cases, sellers would agree to lower offers. Some may even offer a coupon to help you save on the item they are selling.
Negotiating is worth a shot. After all, the worst thing they could say is no.
5. Don’t Forget to Authenticate
Some fakes are very well made that it can be difficult to tell them apart. Aside from sticking to reputable luxury consignment stores, you should also review descriptions and pictures more closely. Read about the platform’s authentication process and look for feedback from past customers.
You can also use authentication resources available for designer bags. After gathering information, you should only buy if you’re completely comfortable with what you find.
But how can this save you money? By ensuring that you don’t lose your cash in buying an item you thought was something else.
6. Consider Renting
Like cars, renting luxury apparel also costs less than buying your own while still providing the same level of satisfaction and usefulness. Plus, plenty of reliable platforms offer affordable luxury clothes, bags, and accessories for rent.
In fact, if you adore the way you look in it or fall in love with the quality and appearance of the item, you can also buy it for a lower price. This is why renting is an excellent way to try many different luxury items before deciding whether it’s the right one for you or not.
The best part is, you wouldn’t have to pay the same price as a brand-new one. You won’t even have to spend a lot of money on something that will just gather dust in your closet because it’s not as perfect for your daily ensemble as you initially thought.
Save on Luxury
Saving on luxury items is not as difficult as you might think. With the help of these hacks, you should be able to wear your favorite designer items without sacrificing your savings.