From Chloe’s Drew satchel to Fendi’s Micro Peekaboo bag (which recently won Vogue’s It-Bag of 2015 award), there’s no shortage of designer bags to put on your wish list. But for many of us, spending the equivalent of a month’s rent on a bag is a serious investment (if it’s even an option), and, of course, the most-coveted bags rarely go on sale. Still, there are ways to save a bit of cash on your major designer bag purchase.
Scroll down to get one step closer to your dream bag with our money-saving tips.
Sites that are based in Europe such as Farfetch, Luisaviaroma, and MatchesFashion, sometimes have lower prices for the same purse, because if the bag is made in the same country, there are lower import and duties taxes, which contributes to an overall lower cost.
You can save major money—more than to 70 per cent—if you’re willing to invest in a pre-owned bag. We like The Real Real for guaranteed authentic purses that are in great condition.
Bags in seasonal colours tend to go on sale much more often than classic colours, especially black. If the bag is real leather, you can have a handbag repair service dye the bag black for around $50 or less.
Many retailers offer a welcome discount coupon if you sign up for their newsletter or download their app. For example, Forward by Elyse Walker gives you a 15 per cent discount when you download their app on your phone, which adds up to quite a bit when you’re splurging on a new Chloe or Saint Laurent bag.
Stores like Nordstrom, Bloomingdales, and Shopbop have “Friends and Family” sales several times a year, when there are blanket discounts on almost any item they carry. This is a great time to save around 20 per cent on a designer bag.
We only recommend this if you’re financially responsible and informed about the pros and cons of opening a credit card, but there are sizeable discount incentives for opening a line of credit with a retailer.
Sign up for email notifications of new arrivals for sites like Barneys Warehouse and The Outnet, which sell designer sale merchandise exclusively. The good items go quickly, so staying on top of the site’s latest additions is key to snagging a bag.
Psst: Take an extra 50 per cent off clearance and extra 30 per cent off outerwear and cold weather accessories now at Barneys Warehouse.
Proenza Schouler Tiny PS1 Wood Block Jacquard Bag ($1695)
Givenchy Mini Pandora Box Textured Leather Bag ($1790)
Sophie Hulme Small Drawstring Bucket Bag ($965)
Maison Martin Margiela Oversized Bucket Tote ($1580)
Stella McCartney Mini 3Chain Falabella Faux Deer Bag ($1090)
Givenchy Small Antigona Duffel Bag ($2280)
What's the max amount you would spend on a bag? Let us know in the comments below, then check out How to Spot a Fake Designer Bag in 30 Seconds Flat.