Is Louis Vuitton Cheaper in Paris?
If you are traveling to Paris and plan to go shopping at Louis Vuitton, you may be wondering is Louis Vuitton cheaper in Paris? The Answer is Yes, Louis Vuitton is Cheaper in Paris on average by 30%! This is because of the EU Vat Tax refund of 12%, the brand is headquartered in Paris, which means you don't have to pay import tax, and because of the currency exchange rate.
Why is Louis Vuitton cheaper in Paris?
There are 3 main reasons that Louis Vuitton is cheaper in Paris, the first reason is the VAT Tax Refund that is available in EU countries including Paris, France. If you spend more than 100.01 Euros at Louis Vuitton you qualify for the VAT Tax refund in Paris, which is a saving of an additional 12% which is applied to your credit card 30–90 days after leaving the EU.
The second main reason Louis Vuitton is cheaper in Paris is because it is headquartered in Paris. By being headquartered in Paris, Louis Vuitton doesn't have to pay taxes such as import tax, transportation tax, state or country tax which is built into the price in other countries.
The best rule of thumb to follow is any brand that is headquartered in Paris (or Europe) is going to be cheaper in Paris (or Europe). By Louis Vuitton being headquartered in Paris, it makes it the price substantially cheaper.
The third main reason is over the last 3 years the Euro currency has dropped in value, making your local currency stronger than before. More information on the Euro exchange rates
Price difference of Louis Vuitton in Paris vs USA
Yes, Louis Vuitton is Cheaper in Paris compared to the US on average by 31%.
Example: the Louis Vuitton Neverfull Size MM in Canvas Material.
| US Pricing | $2,030 |
| US Pricing + 8.875% NY Sales Tax | $2,210 |
| Paris Pricing | 1,500€ |
| Paris Pricing Minus VAT TAX Refund 12% | 1,320€ |
| Paris Pricing Converted to USD | $1,400 |
| Pricing Difference | $810 |
As you can see from the table, The Louis Vuitton Neverfull is $810 cheaper in Paris compared to the US! In fact, the most expensive place to buy Louis Vuitton products is in the US.
Price difference of Louis Vuitton in Paris vs Singapore
Yes, Louis Vuitton is cheaper in Paris compared to Singapore on average by 32%
Example: the Louis Vuitton Neverfull Size MM in Canvas Material.
| Singapore Pricing | S$2,790 |
| Converted to USD | $2,065 |
| Paris Pricing | 1,500€ |
| Paris Pricing Minus VAT TAX Refund 12% | 1,320€ |
| Paris Pricing Converted to USD | $1,400 |
| Pricing Difference | $665 |
As you can see from the table, The Louis Vuitton Neverfull is $665 cheaper in Paris compared to Singapore.
Price difference of Louis Vuitton in Paris vs Hong Kong
Yes, Louis Vuitton is cheaper in Paris compared to Hong Kong on average by 33%
Example: the Louis Vuitton Neverfull Size MM in Canvas Material.
| Hong Kong Pricing | HK$16,300 |
| Converted to USD | $2,091 |
| Paris Pricing | 1,500€ |
| Paris Pricing Minus VAT TAX Refund 12% | 1,320€ |
| Paris Pricing Converted to USD | $1,400 |
| Pricing Difference | $691 |
As you can see from the table, The Louis Vuitton Neverfull is $691 cheaper in Paris compared to Hong Kong! What will you do with your savings?
Price difference of Louis Vuitton in Paris vs London, UK
Due to the UK's Brexit, you no longer receive the VAT tax refund in the London or the UK. Because of this, Louis Vuitton is Cheaper in Paris compared to London, UK on average by 20%.
Example: the Louis Vuitton Neverfull Size MM in Canvas Material.
| London Pricing | £1,410 |
| London Pricing Converted to USD | $1,686 |
| Paris Pricing | 1,500€ |
| Paris Pricing Minus VAT TAX Refund 12% | 1,320€ |
| Paris Pricing Converted to USD | $1,355 |
| Pricing Difference | $331 |
As you can see from the table, The Louis Vuitton Neverfull is $331 cheaper in Paris compared to London! It is definitely worth hoping on the tube from London to go shopping!
Price difference of Louis Vuitton in Paris vs Italy
The good news is when you are comparing the price of Louis Vuitton in Paris vs Italy, it is the exact same price! In Paris and Italy, you quality to receive the 12% Vat Tax refund.
Why you should buy a Louis Vuitton
The first reason why you should buy a Louis Vuitton is because it is made of high quality material. This 1854 brand is known for their sturdy, high quality products. I’ve owned my Louis Vuitton Neverfull MM for 8 years now, use it frequently, and it still looks is good condition.
The second reason why you should buy a Louis Vuitton today as opposed to tomorrow is because, like other luxury brands, Louis Vuitton is constantly raising their prices. For example, the Neverfull bag is a timeless piece that will never go out of style, and in my opinion it is a good investment piece. Luxury brands are known for raising their prices every year, so the best rule to follow when purchasing a luxury brand is to do it sooner rather than later.
Recap on why Louis Vuitton Cheaper in Paris
To summarize and to answer the question are Louis Vuitton cheaper in Paris? The answer is yes, by buying a Louis Vuitton in Paris, Europe you save money! What will you do with your incredible savings? Perhaps buy a second Louis Vuitton bag, purse or even splurge on an accessory such as a scarf or wallet.
Did you know that Louis Vuitton bags were cheaper in Paris?
Sincerely Petite in Paris,
Diane
