Who wouldn’t want designer handbags for cheap? Indeed, it’s a dream come true for many to get their hands on a luxury handbag at an affordable price. After all, there’s a reason that the market for authentic second-hand bags is expanding at such a rapid pace.
Think about it. Everyone wishes that they could elevate their style game and flaunt a high-end bag around. Unfortunately, budget plays a spoilsport. And that’s why people are enticed by the idea of getting a used luxury handbag. After all, they prove to be their money’s worth.
Why sell your luxury handbag?
But what’s in it for you? Why should you sell a handbag you spent so much on? Well, there are quite a few reasons. For one thing, don’t you want to make room for the latest Chanel bags? Aren’t you tired of carrying the same handbag around? It’s time for a change.
But then, can you really afford another high-end bag? Do you have the finances and room for it? Maybe not, but don’t worry! Luxury handbag resale value is at an all-time high! You will get your money’s worth, giving you plenty of scopes to get your hands on the latest thing!
It’s not only about the finances. Quite a lot of times, we end up buying authentic bags overzealous. And then the expensive items continue to accumulate dust in our cupboard, taking up necessary space and not doing any good. What’s the solution? That’s right! Sell your luxury handbag and get a good return on your investment to buy something that you will be able to acquire maximum use of. Indeed, it’s quite an excellent idea to invest in designer bags that hold their value. You can simply resell them once you need a change.
How to sell your luxury handbag?
With the luxury handbag resale market blooming, you will undoubtedly come across plenty of options. But then, you want to ensure that you don’t end up underpricing your item. You wouldn’t want to sell your designer handbag for a cheap price that wouldn’t be worth its value. Unfortunately, few people know how to get the best deal for their high-end bags. So without further ado, let’s delve into the topic and find out how you can sell your classic handbags at rates you will be proud of.
Find your luxury handbag resale value
This can be challenging for those who aren’t aware of the right way to proceed. Keep one thing in mind. Some brands always fare better than others in the resale market. You can really expect classic handbags of all time to be sold at the same price as one that quickly slipped from people’s minds. The resale value depends mainly on how much people are willing to spend on it.
Some Gucci bags are still high in demand after many years, while other brands have been forgotten. So first things first, you should know the top 10 luxury handbag brands that can get you the maximum returns and set your expectations accordingly.
You have to look at the trend. Of course, the demand for classic affordable handbags like Chanel 2.55 never decreases. The bag, which was initially launched in the 90s, is still preferred by the majority, with many celebrities spotted sporting it on multiple occasions. So, if you have one of the classic handbags of all times, you are in luck. You will undoubtedly get an excellent deal. Indeed, sometimes, these bags are sold at the same price as a brand new bag! Sounds exciting, doesn’t it?
Here’s what you can do to get a fair idea of what to expect. Do a bit of research and find out how authentic handbags similar to yours are priced online. This can be your starting point, enabling you to set a competitive price for your luxury handbag.
Of course, if you sell a seasonal luxury handbag, you should expect a lower price if it isn’t trending currently. An interesting idea is to buy designer bags that hold their value, like Chanel, Gucci, Louis Vuitton, and so on. This will ensure that you get a reasonable deal whenever you decide to part ways with your precious item.
Another factor that determines the pricing of your luxury handbag is its unique features. The color and rarity are of immense value. Do you still have the packaging available? What other accessories come with the bag? All this affects the luxury handbag resale value.
Research is imperative. You need to know the luxury handbag brands that are preferred by the majority and then price yours accordingly.
Where to sell your designer handbag?
So now you have decided on a rough estimate that you expect the sale to make. What next? How are you going to proceed with the sale? Fortunately, online shopping has made things easier. There’s a huge demand for classic affordable handbags online. So you only have to find a place that will get you the best deal most conveniently. Here are a few options.
Designer consignment stores
This is quite an easy option as the shop handles all aspects of the sale. You wouldn’t have to prove the bag’s authenticity or even determine the price. The shop will handle it all for you. The shop will send you a shipping label and authenticate your bag themselves, following which you will be given the amount. It’s indeed quite convenient.
However, you should expect a lower return with this option than what you would have gotten had you sold the bag yourself. Furthermore, payout proceeds might take some time. Are you willing to take this chance?
This is what most people prefer. Keep yourself in the buyers’ shoes. Where would you go to buy used Louis Vuitton bags? How can you gain access to a wide variety of high-end bags without having to roam endlessly in the market? That’s right. Online shopping it is.
Since buyers primarily used online stores to buy classic affordable handbags, they are naturally the ideal choice if you want to sell them. There are only a couple of things you have to ensure.
For one thing, ensure that you deal with a reliable place that wouldn’t undersell your luxury handbag. Look for reviews and try to deal with a platform that’s convenient and straightforward. You wouldn’t want the selling process to be too complicated or extensive. Something like Sell Your Bags could be a good choice wherein they ensure that you don’t have to do much.
Dealing with the buyer directly
Of course, this is always an option if you want to earn maximum cash. You can get selective with buyers with this one. However, it poses a high risk and would require quite a lot of work on your part. You will be responsible for everything. Is this really something you would be able to handle? Finding trustworthy buyers is more challenging than you realize.
How to get the most luxury handbag resale value?
So, until now, you hadn’t realized just how much your designer handbags could be worth. You don’t have to discard them once you grow bored or don’t want to use them anymore. Designer bags that hold their value are an investment that can bring great returns.
How can you make the most out of this opportunity? Begin by doing your research. Find out what would be the best designer handbag to invest in in 2021. Of course, you wouldn’t buy a high-end bag with the only resale in mind. But then, if you buy any of the top luxury handbag brands, you can be sure to get a handsome return. After all, the market for Gucci, Chanel, Coach, and Louis Vuitton bags never dries out.
There are a few other things you have to ensure. Keep the box, receipt, and the authenticity card of the bag safe. This will come in handy when you decide to sell the bag off and increase its value. Don’t panic if you don’t have these items. Your designer handbag can still be authenticated without these things. They just make the deal smoother.
You also have to prepare your handbag for sale. Luckily, there isn’t much you need to do for a luxury handbag. They retain their looks for a long time. But you have to be honest with your seller. Scrutinize your bag carefully for creases, marks, and other signs of wear and tear. This has to be highlighted in the description. Don’t worry. This won’t be a deal-breaker. People are still quite excited to buy designer handbags for cheap and don’t really mind a few marks here and there.
Don’t forget to highlight the unique aspects of your luxury handbag. Mention if it’s a rare color or a limited edition and if it is discontinued currently.
You will also have to provide potential buyers with tons of photos of the bag from every angle. Just ensure that you have good natural lighting while clicking the pictures. Don’t forget to feature both the exterior and the interior of the bag clearly.
When you list the handbag, you also have to ensure that the bag gets there in perfect condition. A lot of online stores dispatch prepaid packaging for shipment. Ensure that the bag has tracking tied to it to minimize the risk of it being lost midway. You can even film the bag being packed and handed over to the shipping staff if you are too paranoid.
Make the most of your luxury handbag now!
What use is the expensive designer bag if it has to be discarded the same way as the regular ones? It doesn’t really make sense to spend so much on something only to throw it away later or let it collect dust in the background. You wouldn’t have the same approach for your other collectibles and valuables, right? So why treat the luxury handbag in this manner?
Many people don’t think about reselling their designer handbags because they believe that it would be too much of a hassle or they would be duped. While these are valid concerns, you don’t have to worry if you deal with a reliable place. Online reviews can make things easier for you in this regard.
We get it. Parting with a prized possession isn’t easy. You bought the bag with so much love and enthusiasm. But think about it this way. You are reselling it to get something even better for your wardrobe. Don’t you want the latest Gucci bags? Wouldn’t it be fantastic if you could flaunt one of the trendiest Chanel bags? And that too without stretching yourself thin financially?
If you have invested in one of the top 10 luxury handbag brands, you should ensure that you make the most of it. So whether it’s for downsizing your collection, making room for something new, or simply for financial reasons, don’t hesitate to sell your designer handbag for cash. It’s easier than you anticipate.