My luxury appetite only involves handbags. I do not spend on other expensive stuff than handbags only. My heart tends to go fragile when I see the beautiful structure, materials (I'm more of a leather person), and colors (though I always buy safe colors like black, nude or brown).
If you're traveling to Europe and want to bring back some handbags, here are some info you can use.
It depends on a lot of factors:
- Which is the country of origin for the brand? For example, Chanel is cheaper in Paris. Prada is cheaper in Italy. Burberry is cheaper in England.
- Also, you have to take into account of currency exchange rate to be sure of your exact spending.
- Where do you buy the item also determine the price? The flagship store will put the price at recommended retail price. And the brand village store will have discounted price.
- Whether the item is a new season, past season or limited edition plays an important part of pricing. Limited edition items don't normally come with a discount. Past season may be on sale.
Because it is designer goods, the prices are cheaper in Europe. But not cheap. You are saving on the logistic prices where it gets sent to Malaysia and also some import taxes (go to #3). On a one-to-one comparison, it is still expensive, unless there is a sale (go to #4) and additional discounts (go to #5). Take into the factor that MYR is much weaker than the Euros, this is one of the reasons why the prices here are more expensive. That also weakened our spending power in Europe because the exchange rate is not in our favour.
As a tourist, you are not subjected to the VAT tax of the country. Therefore, remember to claim the VAT tax at the airport before leaving. It has to be done on the last outbound country. At the boutique while purchasing, remember to let the sales person know that you intend to claim the VAT. They will issue a form to you. Bring along the form, the receipt, your passport and the item you bought and present it at the VAT counter. You might not receive the refund immediately. However, it will be remitted into your credit card. Do take into account which company is performing the return. The usual main companies are Global Blue or Travelex.
Some important thing to keep in mind: