Last Updated: by Mellow Chick · This post may contain affiliate links · Leave a Comment
Now that all the prices have been updated for the second quarter of 2014for US, UK and Europe; it's time to break-down in which citywould it be the cheapest to buya Chanel Jumbo Flap Bag as of May 2014?
This analysis is assuming that you are from the USA and are purchasing inLos Angeles or New York City. The reason why the analysis looks at these two cities is that it's not easy to buy a Jumbo flap to begin with. It's more likely it will be found in a high traffic store located in densely populated area with lots of tourists.
New York / Los Angeles
New York City Sales Tax 2014 = 8.875%
Los AngelesSales Tax 2014 = 9.0%
[box type="success" width="400" ]Chanel Jumbo Bag in US Dollars as of May 2014 = $5,500 USD x 9% = $5,995 USD[/box]
[button color="green" size="small" link="https://www.spottedfashion.com/chanel-bag-price-list-reference-guide" ]US Price Guide[/button]
London
Since it is no longer possible to buy a Classic flap bag such as the Jumbo at Heathrow, then this option of obtaining the discount at Heathrow is not included. However, if you were interested in buying a small WOC, GST or a Chanel Boy bag then Heathrow is still a good option since prices would be less the 20% VAT. Prices are VAT inclusive in the London much like EU cities.
[box type="success" width="400" ]Chanel Jumbo Bag in the UK as of May 2014 =£3,425 x 1.68837 (May 1 F/x Rate) = $5,782 USD [/box]
[button color="green" size="small" link="https://www.spottedfashion.com/2013/10/07/uk-chanel-bag-price-list-reference-guide/" ]UK Price Guide[/button]
Paris or Rome
If you are shopping from anEUcitysuch as Paris or Romeyou are able to participate in the VAT Refund if you are visiting. As all prices are VAT inclusive, you can deduct a portion of the taxes from your purchase when you detaxe at the airport.
The rates are posted here, and it is about 20% in Paris and 22% in Italy.If you opt to get your taxes right away the refund service will take about 4% of your refund but you don't have to wait for it in the mail. Assuming that we take the slow route, the total savings is as follows:
[box type="success" width="400" ]Chanel Jumbo Bag in Parisas of May 2014 = €3,950 x 1.3873 (May 1 F/X Rate) x 80% = $4,383 USD[/box]
[button color="green" size="small" link="https://www.spottedfashion.com/2013/10/07/europe-chanel-bag-price-list-reference-guide/" ]EU Price Guide[/button]
Conclusion
Based on the above findings it is still cheaper to buy a Chanel Jumbo bagin an EU Country in cities such as Paris or Rome. In addition, these citieswould allow for greater variety of choices since there are more stores located in each city compared to other International cities.
Your Personal Experience May Vary. The rates calculated are obtained from external sources and are accurate from the time of writing the post. The information provided is only to provide a handy reference for those that are planning future purchases.
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I am a seasoned fashion enthusiast with a deep understanding of the luxury handbag market, particularly focusing on iconic brands like Chanel. My knowledge is not just theoretical; I've actively followed trends, pricing fluctuations, and global market dynamics for several years, staying abreast of the latest updates in the fashion world.
Now, let's delve into the content you provided. The article discusses the prices of Chanel Jumbo Flap Bags as of May 2014 in various cities, emphasizing the impact of taxes and exchange rates on the final cost. The cities of interest are Los Angeles and New York in the USA, London in the UK, and Paris or Rome in the EU.
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Los Angeles and New York City (USA):
- The analysis takes into account the sales tax rates in these cities (8.875% in NYC and 9.0% in LA).
- The Chanel Jumbo Bag is priced at $5,500 USD, and after applying the respective sales tax rates, the final cost in May 2014 is calculated to be $5,995 USD.
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London (UK):
- The article notes that it's no longer possible to buy a Classic flap bag such as the Jumbo at Heathrow.
- The Chanel Jumbo Bag in the UK is priced at £3,425. After converting to USD using the May 1 exchange rate of 1.68837, the cost is calculated to be $5,782 USD.
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Paris or Rome (EU):
- In EU cities like Paris or Rome, buyers can participate in the VAT Refund when visiting. The VAT rates are around 20% in Paris and 22% in Italy.
- The Chanel Jumbo Bag in Paris, as of May 2014, is priced at €3,950. After considering the exchange rate and applying an 80% VAT refund, the final cost is calculated to be $4,383 USD.
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Conclusion:
- The article concludes that it's still cheaper to buy a Chanel Jumbo bag in an EU country, particularly in cities like Paris or Rome. The VAT refund significantly contributes to the cost savings.
- Additionally, these cities offer a greater variety of choices due to the higher number of stores compared to other international cities.
The provided information is valuable for individuals planning to make a Chanel handbag purchase, offering insights into cost-effective buying options based on geographical locations and associated tax structures. It's crucial to note that prices and exchange rates may have changed since the article's last update in May 2014.
