Are you planning to buy a Louis Vuitton bag on your next trip to Europe? If so, you might be wondering whether it’s cheaper to buy it in London or Paris. While both cities are known for their luxury shopping, there are some differences in price that you should be aware of.
The Exchange Rate Factor
Before we dive into the prices of Louis Vuitton bags, it’s essential to understand the exchange rate factor. The exchange rate between the pound and euro can affect the prices of goods in London and Paris. Currently, one pound is worth around 1.17 euros, which means that goods in London can be more expensive than in Paris.
Price Comparison
When it comes to Louis Vuitton bags’ prices, Paris is generally cheaper than London. According to a recent report by Deloitte, a Speedy 30 Louis Vuitton bag costs £645 ($810) in London and €760 ($850) in Paris. That’s a difference of around $40 or £30.
However, the price difference varies across different products and sizes. For example, a Neverfull MM bag costs £880 ($1,105) in London and €990 ($1,105) in Paris. Here you can see that the price is almost the same due to currency exchange rates.
Tax Refund
Another factor that affects the final price of a Louis Vuitton bag is tax refund policies. When you buy goods outside of your home country or city as a tourist, you’re eligible for a tax refund on purchases over a specific amount.
In France, tourists can claim back up to 12% VAT (value-added tax) on purchases over €175 ($195). In contrast, UK shoppers can claim back up to 20% VAT on purchases over £50 ($63).
Therefore if you’re planning to spend more than $195 on a Louis Vuitton bag, you’ll save more money purchasing it in Paris. However, if you’re buying a less expensive item, London might be a better option.
Conclusion
In conclusion, whether it’s cheaper to buy Louis Vuitton in London or Paris depends on the product and size you’re planning to purchase. If you’re looking for a Speedy 30 bag, Paris is the way to go. However, if you’re after a Neverfull MM bag or smaller items, London might be your best bet.
Remember to factor in the exchange rate and tax refund policies when making your decision. Happy shopping!