I recently signed up on the website bagborrowsteal.com so I could rent some designer items from time to time. They don’t appear to give you information about their prices until you sign up. After I signed up and logged in I realized I can’t afford to use their service. I can’t pay $300 to rent a handbag for a month. For $300 I can purchase a nice Michael Kors or Kate Spade bag. They might not be the height of luxury; but I think it makes more sense to purchase a bag for $300 than to rent a higher end bag for a month for the same price.
They do have sales where some bags can be rented for prices under $50; but for me the same argument applies. Would I rather purchase myself a nice cute bag from a non-designer label for $45 or rent a Chloe bag for that price for a month? The bags they have available to rent at prices under $50 are of course not the bags that make you go wow. So you’ll pretty much be settling for just having anything with a high end label even if you don’t really like the style. That doesn’t make sense to me. I’d rather shop around for a cute bargain basement brand bag that I like and spend my $45 on something I will own.
I do like the idea of being able to borrow designer stuff; but my ideal such website charges a reasonable monthly fee for membership and allows you to really and truly borrow. Where I come from when you borrow something from someone you don’t usually pay to borrow it. But I get that when the thing being borrowed is of value some people will be willing to pay to borrow it. I’d be willing to pay to borrow a designer handbag; but if I can get a nice enough bag that I’ll own for the same price it will cost me to borrow the designer bag, I’m spending my money on something I won’t have to return after a month.
So what about you?
Would you pay $300 to borrow a designer handbag for a month?