Are you planning to buy a Hermes bag and wondering whether it’s cheaper to do so in Paris? You’re not alone.
Many people believe that buying luxury items in their country of origin can save them a significant amount of money. However, is this true for Hermes bags in Paris? Let’s explore.
What is Hermes?
Hermes is a French luxury brand that was established in 1837 by Thierry Hermes. The brand offers a range of products, including leather goods, clothing, perfumes, and accessories. However, the most iconic and sought-after product of the brand is its Birkin bag.
Why is the Birkin Bag So Expensive?
The Birkin bag is one of the most expensive handbags in the world with prices ranging from $10,000 to over $200,000. The reason behind its high price tag lies in its exclusivity and craftsmanship.
Each Birkin bag is made by hand using only the finest materials by skilled artisans who have undergone rigorous training. The waiting list for this coveted accessory can be years long.
Is it Cheaper to Buy a Hermes Bag in Paris?
While it’s true that buying luxury items from their country of origin can be cheaper due to tax rebates and currency exchange rates, this isn’t always the case with Hermes bags in Paris.
It’s important to note that France has one of the highest VAT rates (value-added tax) in Europe at 20%. This means that when you purchase an item from a store in France, you’ll pay an additional 20% on top of the retail price. However, as a tourist or non-resident of the European Union (EU), you’re eligible for a VAT refund at the airport upon departure.
The refund rate varies depending on the country you’re from and can range from 9% to 13% of the purchase price. It’s important to keep in mind that you’ll need to present your passport and proof of purchase to claim the refund.
Factors to Consider
While the VAT refund can make a significant difference in the final price of your Hermes bag, there are other factors to consider, such as currency exchange rates and availability.
If you’re paying with a credit card, your bank may charge a foreign transaction fee for purchases made in another country. This fee can range from 1% to 3% of the purchase price, so it’s important to check with your bank beforehand.
Moreover, Hermes stores in Paris may not always have the Birkin bag or other highly sought-after items in stock. If this is the case, you may need to put your name on a waiting list or come back at a later date.
Conclusion
In conclusion, while buying a Hermes bag in Paris can be an exciting experience for many fashion enthusiasts, it’s not always cheaper than buying it elsewhere. The VAT refund can make a significant difference in the final price, but other factors such as currency exchange rates and availability should also be taken into consideration. Ultimately, if you’re willing to pay for exclusivity and craftsmanship that comes with owning a Birkin bag, then its high price tag may not deter you from making this luxurious purchase regardless of where you are.