Today while surfing on TeamSugar (one of my new favorite websites), I came across an advertisement for renting luxury bags. I clicked on the ad and it brought me to this fabulous website called Bag Borrow or Steal where you can rent authentic designer handbags and jewelry for a week, a month, even three months, so you are always in fashion with the most popular styles. You can rent bags as a guest or become a member for a low monthly fee ($9.95 for one month, 3 months for $19.95 or $59.95 for one year!) plus the rental fee for the bag, of course. Being a member of course gives you better rental rates. If you borrow for 3 months at a time there are special savings too. You can also borrow up to 3 items at a time in your first 3 months as a member. After 3 months, you can borrow up to 5 items. After 6 months, your borrowing limit is unlimited – how fabulous is that!
In my opinion, bags are so seasonal and every few months you want to try something different. I think this is the perfect way to have something new without have to make a full investment. And we all know how expensive hot, new bags are these days! If you happen to absolutely fall in love with a bag you are ‘borrowing’ you can ’steal’. Bag Borrow or Steal will assess the value of the bag and its condition and will come up with a price if appropriate. I really think this is such an ingenious idea! There is also an outlet where the site offers 70% off on the purchase of never-carried or gently carried bags. How fabulous is that?!
Rental rates also don’t seem too bad either. Bags and jewelry are categorized into five collections and rental rates are as follows:
TRENDSETTER $15 to low $100s per month
Designers include Perlina, MAXX New York and Dooney & Bourke.
PRINCESS $15 to $300 per month
Designers include Coach, BCBGMAXAZRIA, Fendi and Betsey Johnson.
DIVA $20 to $500 per month
Designers include Kate Spade, Tory Burch, Isabella Fiore and Burberry.
COUTURE $20 to over $750 per month
Designers include Gucci, Prada, Chanel and Dolce & Gabbana.
VINTAGE $150 to over $2000 per month
Sought-after classics, in very limited availability.
You can also buy insurance, which is optional, if you are worried about what might happen to the bag based on your usage. The purchase and return process also seems simple and I think they’ve thought of everything to make transactions as smooth and as painless as they can for the ‘renter’. I know it does require some effort to send back the bags but I think the benefits of having the opportunity to ‘borrow’ a bunch of trendy bags outweighs the effort to make the returns.
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