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Where To Buy Prada The Cheapest in 2024? (Cheapest Country & Place, Discount, Tax Refund)

Where To Buy Prada The Cheapest in 2024? (Cheapest Country & Place, Discount, Tax Refund)

    Founded as a family-owned leather goods store in 1913, Prada has become one of most coveted collections worldwide. The Milan-based luxury house is the epitome of Italian eclecticism and elegance. The innovative outline of the Prada shoes, the clean lines of the bags and the minimalism of the accessories exude refinement. Where is the best place to buy Prada? Which is the cheapest country to buy Prada? How to get tax refound on Prada in Europe? Are Prada products cheaper in Italy or France? In this guide, I will tell you the cheapest country to buy Prada and recommend you some cheapest place to buy new and second-hand Prada items online!

Cover Photo:prada.com

The Cheapest Country to Buy Prada 2024

The prices of Prada items vary between countries, because of the currency exchange rate, current prices, VAT, taxes and other factors that play a role in how much the luxury watch cost. 

Let's look at the Prada cost comparison between the US, UK, Europe, Canada, Australia, Japan,  Singapore, and China. In this comparison, I will calculate the price difference with the currency exchange, sales tax and the VAT Refund amount. 

For example, we will look at the price of Prada Re-Edition Saffiano leather mini-bag. The iconic Prada nylon bags from 2000 and 2005 breathe new life through original details and materials. The Re-Edition designs mix shapes from the past with innovative fabrics such as sustainable Re-Nylon. A harmonious design characterizes this Prada bag in Saffiano, a very high quality leather that has become an iconic material of the brand with its crosshatch texture. A minimalistic feel blends with practicality in hobo silhouettes enriched by detachable straps and mini pouches. Pricing and exchange rates are as of November 16. 2024.

Country & RegionLocal PriceUSD Equivalent PriceGeneral VAT Rates

United States

$2,200

$2,200

0%-9.55%(Sales Tax-different states vary)

United Kingdom


£1680


$1995.66


20%

France€1,680$2069.1520%
Italy€1680$2069.1522%

Austria

€1,680

$2069.1520%
Ireland€1,680$2069.1525%
SwitzerlandCHF1990$2103.727.7%

Germany

€1,680$2069.1519%
Finland€1,680$2069.1524%
Spain€1680$2069.1521%

Japan

Ұ264,000

$1891.88

Consumption tax: 10%

AustraliaAU$3100$2084.15Goods and services tax: 10%


Canada


CA$2800


$2097.44

Combined federal and provincial/territorial sales taxes range from 5% to 15%.


China


¥17000


$2384.73

13, 9, or 6% depending on the types of goods and services.

HongKong(China)


HK$17900


$2286.72


There is no VAT or sales tax in Hong Kong

Taiwan(China)NT$70,000$2247.035%
SingaporeSG$3150$2294.97Goods and services tax: 7%
  • What is VAT?

While over 160 countries use a value-added tax, it is most common in the European Union. It can be labelled VAT, TVA, IVA, moms, MwST, and a few others depending on each country.

  • What is VAT refund?

European countries let foreign (non-EU) travelers claim a so-called VAT-refund on eligible purchases. VAT translates as “value added tax”. VAT charge in Europe fluctuates anywhere between 7 -25% and is already included in the market price of an item, unlike in the U.S., where tax is an extra amount charged at checkout. 

The Brexit transition period ends on December 31st 2020 and it is when the VAT RES is to be abolished. Thus, from January 1st 2021 foreign travelers are no longer able to reclaim the VAT in the UK.

Conclusion:

As you can see from the chart above: if you are going to purchase a Prada bag,  the cheapset place is in Europe(especial Italy, Finland, Spain, France ). The two main reasons for why people choose to shop for luxury in Europe are VAT-refunds and cheaper prices

The most expensive country to buy Prada is China. When European luxury goods are shipped for sale overseas, they typically incur import/duty taxes and higher transportation costs. These extra costs result into higher retail prices abroad.

1668665950458464.jpg

Source:prada.com

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How to get Prada tax free in Europe?

Eligibility for VAT refunds

  • To qualify for a VAT refund, you must:

  • Be a resident of a non-EU country at the time of purchase;

  • Have been in EU for less than six months;

  • Be at least 16 years old;

  • The VAT rules in Europe differ from country to country.

  • The VAT rules in Europe differ from country to country.

  • At the time of purchase, you must be able to produce evidence of the above, such as a passport or, as an exception, an original, valid identification card if you live in a non-EU country that is part of the Schengen Area (Norway, Switzerland, Iceland or Liechtenstein).

  • A stamp by the customs office at the point of departure from the EU definitively exempts the seller from collecting VAT. It is up to the seller to reimburse the VAT paid on the basis of the customs validatio.

Are Prada products cheaper in Italy?

Italy, specifically Milan, is home to Prada. It is where the brand was founded and originated. Since Prada is based in Italy, its products are cheaper here compared to the U.S. Prada products are cheaper in Italy and Milan due to VAT refunds and the absence of import and export fees, duty taxes, and high transportation costs.

On average, there is a difference of at least 10% in Prada products between Italy and the U.S. Plus, and there is a VAT refund of up to 22% if you spend at least 155 Euros at a single store.

Is Prada cheaper in France & Paris?

France, specifically Paris, is a shopping haven for fashionistas. Paris is home to many luxury fashion brands like Chanel, Louis Vuitton, Givenchy, Hermes, Chloe, and Yves Saint Laurent. It is also home to hundreds of smaller designer brands.

Prada products are cheaper in France and Paris because they are made in Italy, which is very close to France, where taxes and transportation costs are very low.

If you are looking for designer clothes, bags, shoes, and accessories, then Paris is the best place to go.

1668666029174512.png

Source:prada.com

Is Prada cheaper in Japan?

A country where it is not recommended to buy luxury goods in Japan, specifically Ginza, which is known as the ultimate shopping district in Tokyo.

If you go to Ginza, you will notice that many designer brands, including Prada, are much more expensive than you would expect. The markups for these items are quite high.

One factor in these high prices is the export and import costs, plus transportation fees. Another possible cause is that land is very scarce in Japan, so rental costs are inherently more expensive. Luxury brands are paying higher rent for their stores in Japan, so they add that to the cost of the items.

So if you are traveling to Japan, it’s best not to buy Prada products there, and if you live in Japan, it will be cheaper for you to purchase online.

Is Prada cheaper in Hong Kong?

Prada Outlet Store Hong Kong offers discounts on handbags, clutch purses, and accessories of this upmarket brand. Many are about 50% cheaper than original prices, though this varies by item and season.

Why Prada bags are so costly?

Prada is considered a premium brand but not the most expensive. The bags are made in Italy using top quality materials, the quality control is excellent. The styling is desirable for women and they dump millions into marketing and that cost has to be recovered through higher pricing.

What type of style is Prada?

Prada clothes and accessories have been described as both classic and eccentric, frumpy but hip, marked by an ambiguous techno-retro sensibility. On the one hand, Prada's style is modern, drawing on northern Italian traditions of discreet elegance and fine craftsmanship. On the other hand, an aesthetic focused on making the ugly beautiful, a fashion that sent the concept of good tastes waltzing around a simple idea.

1668666069491196.png

Source:prada.com

The Cheapest Place to Buy Prada Online

1. Luisaviaroma

Luisaviaroma.com is a top online luxury fashion destination with 5 million visitors per month with worldwide shipping. Its headquarters and stores are in Florence, Italy. LuisaViaRoma is known all over the world for its curated selection of over 600 luxury brands, including both iconic brands and emerging talents. 

With collections of clothing and accessories for men, women and kids, designer home items and beauty products, the company is a leader in the new fashion landscape. You can buy Prada trending items at the moment include timeless clothing, shoes, bags, glasses at Luisaviaroma.com.

1668652837631952.png

Source:luisaviaroma.com

Prada Prices: £205 -£4545

Coupon or Discount: 

-Import fees included.

Extrabux Cash Back: up to 13-16% Extrabux cash back


2. NET‑A‑PORTER UK

Since its launch in June 2000, NET‑A‑PORTER has delivered incredible fashion for incredible women. With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, and Stella McCartney, 200 specialist beauty brands, and new arrivals on site three times a week, NET‑A‑PORTER is the world's premier luxury fashion destination. Buy your Prada Clothing and shoes here!

image.png

Source:net-a-porter.com

Prada Prices: £390 -£3615

Coupon or Discount: 

- Free standard delivery on all orders.

- Sign up & Enjoy 15% off your first order.

Extrabux Cash Back: up to 2.5-3% Extrabux cash back


3. Bergdorf Goodman 

Bergdorf Goodman Inc. is a luxury department store based on Fifth Avenue in Midtown Manhattan, New York. The company was founded in 1899 by Herman Bergdorf and was later owned and managed by Edwin Goodman, and later his son, Andrew Goodman.

Today, Bergdorf Goodman operates from two stores situated across the street from each other at Fifth Avenue between 57th Street and 58th Streets. You can find Prada bags, clothing, shoes and sunglasses here.

image.png

Source:bergdorfgoodman.com

Prada Prices: $250-$17300

Coupon or Discount: 

-Sign up to get 15% off first order.

-Free Shipping, Free Returns Online & In-Store.

Extrabux Cash Back: up to 2.5-3% Extrabux cash back


4. FARFETCH

FARFETCH exists for the love of fashion. FARFETCH is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters in London.

FARFETCH has collection of Prada's signature bags, ready-to-wear, chunky boots and Cloudbust sneakers, jewelry and Accessories.

image.png

Source:farfetch.com

Prada Prices: $220-$13850

Coupon or Discount: 

-Exclusive student offer | 10% off orders over $200.

-Enjoy free shipping on all orders over $200.

Extrabux Cash Back: 1.5-2% cashback


5. Yoox.com

YOOX is the one-stop fashion and lifestyle destination, inspiring people to express their true selves through style. Reflecting the values of its Gen-Z and millennial community, YOOX pushes boundaries with a unique world-leading assortment of fashion, décor and art.

YOOX NET-A-PORTER has offices and operations in the United States, Europe, Middle East, Japan, China and Hong Kong, and delivers to over 180 countries around the world.

image.png

Source:yoox.com

Prada Prices: $166-$3771

Coupon or Discount: 

-FREE STANDARD SHIPPING ON ORDERS OVER $100.

-Up to 82% off selected Prada items.

Extrabux Cash Back: 2-3% cashback


6. Vestiaire Collective

Founded in Paris in 2009, Vestiaire Collective is a social commerce platform that enables people to buy and sell luxury, pre-owned fashion products. Join the global fashion activist community and discover thousands of carefully curated new bags, sneakers, shoes, watches, and more. Sustainable fashion shopping has never been easier.

They add over 3,000 pieces to their marketplace every week. From LV to Gucci, Fendi to Prada, Vestiaire Collective has an unrivaled selection of vintage and designer clothing for your sustainable fashion shopping.


1668655817400158.png

Source:vestiairecollective.com

Prada Prices: $12-$31000

Coupon or Discount: 

-Enjoy NO Selling Fee on your first listing up to $1,000 and shop $30 off your first order $150+ (code: WELCOMEUS)

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