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  1. #1
    Bag Fan Newbie
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    Default "renting" designer handbags

    Hi everyone! I'm writing an article about the trend of renting designer handbags for a monthly fee from sites like bagborroworsteal.com

    Since you are all designer-purse enthusiasts, I'd love to hear some opinions on the trend...do you love it? Hate it? Do you think it's "stealing" from the designer since the customer never actually pays the full price on the bag to the designer?

    Any opinions you have, I would love to hear. Just send me a message here, or better yet, email me at DV436@NYU.EDU

    Thanks!

  2. #2
    The Bag Star
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    Default Re: "renting" designer handbags

    I think it's a cool idea if you want to save money and you like to change handbags a lot. But it's not good for me. I treasure my handbags, and I love the authority of actually owning the bag. I don't plan on selling my handbags for a very long, long time, and my attachment to the bags defeats the whole purpose for renting a handbag. Plus, if you keep the handbag for a really long time, you might end up paying more for the bag than its retail price!

    If you're into trends, then yes, this service is for you! But if you want the bag, you might as well save up to get one on your own.

  3. #3
    \(^.^)/ Jennifer's Avatar
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    Default Re: "renting" designer handbags

    Personally I am not a fan of sites such as “Bag Borrow or Steal” and I do not encourage anyone to join. This is why. . . .

    bagborroworsteal.com

    Example A: You purchase a brand new Louis Vuitton Baggy GM Denim Bag via eluxury for $1300 on your credit card. You use it for let’s say 5 months then get sick of it. You are making the monthly payments on your credit card ( = building credit) of about $100. So what to do with this designer bag once you don’t want it anymore? I know, throw it up on eBay. Currently this bag is selling for an average of $820. You sell your bag and you turn around and pay off your credit card. In the end, if you planned everything out correctly, you should be back where you started with a zero balance. (I used Louis Vuitton as an example because they usually have high sell back rates.)

    Example B: You sign up for Bag Borrow or Steal for a monthly fee of $5. You choose the Louis Vuitton Baggy GM Denim Bag from the “Couture” collection, which means you will have to pay $80.00 per week or $235.00 per month. (Returning to example A) You want this bag for 5 month, that’s going to cost you $1175. (Ouch! That bag could have almost been yours by now, and just think of how good that would look on your credit report.) You give the bag back. No money returned, that’s it. You lost $1175.

  4. #4
    Bags R A Girls Bestfriend princesslisa's Avatar
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    Default Re: "renting" designer handbags

    i couldnt rent a bag i would get attached to it!!!!

  5. #5
    Official Bagista Qualitycouture's Avatar
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    Default Re: "renting" designer handbags

    I would rather buy one as well because I am too picky with my bag to rent one that many people have used already!

  6. #6
    Rising Bag Star
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    Default Re: "renting" designer handbags

    I do not buy the 'renting' idea. I somewhat agree with Jennifer. If you decided to keep the bag for a few months, the renting costs you have to pay is almost the same of owning it. And I don't really want to tell people I 'rented' the bag....I rather tell people I like a bag which I cannot afford.

  7. #7
    The Bag Star Demi's Avatar
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    Default Re: "renting" designer handbags

    I love to buy bags, I would never be able to rent.
    ~Wish List~ <3
    ~Coach MADISON OP ART TOP HANDLE POUCH in PLUM
    ~Coach GRAPHIC OP ART SABRINA
    ~Coach PENGUIN KEYFOB

  8. #8
    Official Bagista iloveshopping's Avatar
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    Default Re: "renting" designer handbags

    Yea, I don't like the idea of renting either.

  9. #9
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: "renting" designer handbags

    I wouldnt rent either... plus, it is too pricey to rent... you might as well buy the bag.

  10. #10
    \(^.^)/ Jennifer's Avatar
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    Default Re: "renting" designer handbags

    I wonder how profitable they are. also what is the average age of consumer I guess (i guess) it makes sense if the person is really young (without any credit cards) or if they need it for one event (that thought seems silly to me).

  11. #11
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: "renting" designer handbags

    Yeah I wonder if they even make a profit?

  12. #12
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: "renting" designer handbags

    BagBorrow&Steal (i think thats right) has a large collection of bags...Before they had very few and a lot smaller names.

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