From Chloe’s Drew satchel to Fendi’s Micro Peekaboo bag (which recently wonVogue’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 percent—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 colors tend to go on sale much more often than classic colors, 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 percent 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 percent 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 likeBarneys 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 percent off clearance and extra 30 percent off outerwear and cold weather accessories now at Barneys Warehouse.