Where To Buy Hermès The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

The Cheapest Country to Buy Hermès 2024 

We all known that Hermès maintains it’s sales prices throughout the year and never holds sales or offers discounts. This is because Hermès is a luxury brand and price their products accordingly. The brand also only sells through their own boutiques and authorized retailers, limiting the possibility of off-season sales that many brands typically have.

Hermès products are generally not discounted, though prices may vary country-to-country. Let's look at the Hermès cost comparison between the US, Canda, Europe, Korea, HK, Australia, Japan, Singapore, Malaysia, UAE 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 Hermès Collier de Chien bracelet. Pricing (incl. taxes) and exchange rates are as of September 05. 2024.

What is VAT?

The value-added tax (VAT) along with the goods and services tax (GST) is a consumption tax, which means it is paid by the private consumer. It is not a revenue tax. 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.

• VAT Rates: VAT is commonly expressed as a percentage of the total cost. For example, if a product costs $100 and there is a 15% VAT, the consumer pays $115 to the merchant.
  

• Vat Tax Refund: It is a tax on consumption rather than income, and it ranges from 5-25%. If you pay this tax when shopping abroad, you can often get your money back after you've returned home, since travelers are typically entitled to a refund for the VAT portion of prices for goods.

Conclusion:

As you can see from the table above, if you are going to purchase the Hermès, then you should definitely purchase it in Australia, Europe (Sweden, Finland, Germany, France, Italy, Ireland, or other EU countries) due to VAT refund. If you are a visitor and normally reside outside of the Australia, or European Union, you may be entitled to a VAT refund. However, the most expensive places to buy a Hermès is in Singapore, UAE, and China.

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How Does the VAT Tax Refund Work in the EU? 

1. How much is the VAT in Europe?

When you travel to Europe and purchase goods and services, the price you pay generally includes this tax on the added value that is provided at each step of the supply chain, from production to sale.

In the European Union, the VAT rate generally ranges from 5 to 25%, depending on the country. Some of them apply different rates of VAT according to the type of product or service, generally categorized as “standard”, “reduced”, and “super-reduced”.

If you're travelling to France, for example, some products include a 20% VAT while it amounts to 5.5 or 10% on others. It can go as low as 2.1% for super reduced VAT.

2. When can you get a VAT refund?

In European countries, most downtown department stores, large shopping centers, brand stores, factory stores, specialty stores, etc. can get tax refunds, and you must look for the "VAT Refund" and "Tax Refund" signs. Within 3 months before leaving the country and returning to China, tax rebates can be obtained for clothing, cosmetics, luggage, electronic products, handicrafts and other items that can be carried out of the country purchased in these places.

3. Can I get a VAT refund on online purchases?

Yes, you can get a VAT refund even for your online purchases. The same rules apply: you must be a permanent resident in a non-EU country and the amount you paid must be above the minimum prescribed by the country of the online store.

4. Can I get a VAT refund on hotels?

If you're not a business traveller, no. VAT refund schemes don't apply to hotel stays because those are regarded as services consumed on-site rather than exported goods.

Companies that often resort to business travel may submit a VAT refund claim, but this is the only exception.

5. Is It Worth Claiming a VAT Refund?

It depends. If you're a problem-solver and frequent traveller, it's probably worth it. But there is no denying that since a lot of paperwork is involved, it's a tedious process. 

How To Acquire Tax-refund? 

1) Purchase Your Items

Go to the merchant and purchase your Hermès.

2) Get Your Passport Ready

In order to get your tax-refund, you will need to prove that you are a tourist from another country. 

3) Receive Proper Documents from Retailer

The merchant will need to create a special tax-free form for your Hermès purchase. Most of the time, sales assistants will automatically fill in the paperwork for your refund, but make sure to double-check so you don’t miss out.

4) Get Documents Stamped

Your document will need to be stamped at customs before you can apply and return home.

5) Get Your Refund

It's very important you remember to drop your tax refund paperwork off at the airport. You need to find the tax refund desk, scan the document, and pop it into a mailbox.

You can receive this VAT sales tax back immediately in cash or receive the refund via your credit card.

Where to buy Hermès cheapest in the USA? 

You can also buy your Hermès at the tax-free states in the USA.

In the United States, the tax paid at the time of shopping and checkout is usually a comprehensive consumption tax, namely Combined Sales Tax, which is composed of the fixed state consumption tax (State Sales Tax) of each state + the local consumption tax (Local Sales Tax) of different regions , which results in different consumption taxes in different regions even within the same state.

Among the states in the United States, there are 5 tax-free states (Alaska is free of State Sales Tax, and some areas charge Local Sales Tax): Oregon, Delaware, Montana, New Hampshire, Alaska (part).

Where To Buy Hermès The Cheapest Online in 2024?

If you can't go to European countries or Australia to buy Hermès, then you can check out these online sites to buy new & used Hermès. It is very convenient to buy online, and it will be delivered directly to your door. But with few online sites selling Hermès and few styles, many people prefer to shop in-store.

1. Selfridges

Selfridges is a British high-end department store founded in 1909 by Harry Gordon Selfridges. Its flagship store in Oxford Street, London opened on March 15, 1909 and is now the second largest department store in the UK after Harrods. After several changes, it was acquired by Sears in 1965 and extended from London to Manchester and Birmingham under the operation of Sears. You can buy Hermès beauty collection at the Selfridges US site.

Hermès Prices: $29 - $375

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2. Saks Fifth Avenue

Saks Fifth Avenue was the brainchild of Horace Saks and Bernard Gimbel, who operated independent retail stores on New York's 34th Street at Herald Square in the early 1900s. Their dream was to construct a unique specialty store that would become synonymous with fashionable, gracious living. The combined financial input of these great merchant families led to the purchase of a site between 49th and 50th Streets on upper Fifth Avenue, then jointly occupied by the Democratic Club and the Buckingham Hotel. With the opening of its founders' "dream store" on September 15, 1924, Saks Fifth Avenue became the first large retail operation to locate in what was then primarily a residential district. By offering the finest quality men's and women's fashions, as well as an extraordinary program of customer services, Saks Fifth Avenue has become the byword for taste and elegance. You can buy HERMÈS watches, perfumes, and makeups here.

Hermès Prices: $45-$48700

Coupon or Discount: 

• 10% off your order when you create an account with ACCOUNTSF;

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• Up to 70% off sale.

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3. Neiman Marcus

Neiman Marcus Group is one of the largest multi-brand luxury integrated retailers in the U.S. In addition to 36 Neiman Marcus stores, the company operates two Bergdorf Goodman locations in Manhattan, and a dedicated website; and Horchow.com, a home accessories merchant. 

Neiman Marcus is the company's signature retailer, selling women's, men's, and children's apparel, handbags and accessories, designer jewelry and precious jewels, and home and gift galleries. Neiman Marcus began operations in Dallas in 1907 and opened its first store outside of Texas in 1971. Neiman Marcus sells a variety of luxruy designer brands, including HERMÈS.

Hermès Prices: $39-$83000

Coupon or Discount: 

• Sign up at Neiman Marcus for 15% off your 1st order;

• Free shipping on qualified orders of $50+.

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4. Nordstrom

Nordstrom, Inc. is a leading fashion retailer offering compelling clothing, shoes and accessories for men, women and kids. Since 1901, they've been committed to providing their customers with the best possible service—and to improving it every day.

Luxury brands including: Hermès, Akris punto, Alexander McQueen, Bottega, Veneta, Brunello Cucinelli, Burberry, Christian Louboutin, Givenchy, Golden Goose, Gucci, Moncler, Off-White, Prada, Saint Laurent, The Row, Thom Browne, TOM FORD, Valentino, ZEGNA, and more.

Hermès Prices: $42-$299

Coupon or Discount: 

• Coupon or Discount: Nordstrom will ship almost anything on their site to anywhere in the United States—even Alaska, Hawaii and Puerto Rico—for free.
  

  
  

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5. Saks OFF 5TH

Saks OFF 5TH is the premier destination for luxury off-price fashion. In their approximately 100 stores in the U.S. and Canada, and online, at SaksOFF5TH.com, they offer a compelling assortment of high-end designers and everyday favorites at the best prices. You can buy new & pre-owned Hermès clothing, handbags, makeups, frangrance, & accessories here.

Hermès Prices: $39.99-$20699.99

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• Sign up for Saks OFF 5TH rewards program & get 10% off.

• Free shipping on $129+ with code SHIP129.
  

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6. The RealReal

The RealReal is the world’s largest marketplace for authenticated luxury resale where you can buy and sell items from top designers across women’s, men’s and kid’s fashion, fine jewelry and watches, collectibles and home.

Shoppers enjoy up to 90% off retail prices and sellers earn up to 70% of commission when they sell. The RealReal offers international shipping to 61 countries.

All items for sale on The RealReal are authenticated by an in-house team of luxury experts including certified gemologists, horologists, apparel specialists, and handbag experts. Each item is 100% guaranteed for authenticity. Returns are accepted for apparel, footwear, jewelry, and watches. Over 10,000 items hit the app each day, from Louis Vuitton handbags to Gucci clutches and Rolex watches. The RealReal is an industry leader in sustainability as well, firmly believing in shopping responsibly and the positive impact of recirculating luxury items. You can easily buy & sell Hermès here.

Hermès Prices: ------

Coupon or Discount: 

• Sign up for The RealReal & get a $25 site credit;

• 20% off with code REAL.
  

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7. FARFETCH

FARFETCH Limited is the leading global platform for the luxury fashion industry.  Founded in 2007 by José Neves for the love of fashion, and launched in 2008, FARFETCH began as an e-commerce marketplace for luxury boutiques around the world. Today the FARFETCH marketplace connects customers in over 190 countries with items from more than 50 countries and nearly 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform. FARFETCH offers large number of pre-owned Hermès bags, watches, jewelry, perfumes, makeup, & accessories..

Hermès Prices: $153 - $130146

Coupon or Discount: 

• Sign up at FARFETCH for 10% off your 1st order;

• Free shipping on orders of $200+;

• 10% off for essential worker.

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8. eBay

eBay is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995, and became a notable success story of the dot-com bubble. At eBay, they create pathways to connect millions of sellers and buyers in more than 190 markets around the world. eBay is definitely a great place to buy used Hermès handbags.

Hermès Prices: ----

Coupon or Discount: 

• Free shipping on select items.

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26 Best Sites to Buy and Sell Used Stuff 2024

Q&A

1. Is Hermès bag cheaper in Italy?

Yes, Hermes – is also cheaper in Europe. You can save from $500 – $3000 USD for different Hermès bags if you buy them from Europe. 

2. Which Hermès bags hold their value?

There are obviously other considerations beyond the condition of the bag which affect its resale value. Rare and exotic skin Kelly and Birkin bags are more valuable on the resale market due to the difficulty Hermès has in obtaining them.

3. Is Kelly or Birkin cheaper?

Generally, Birkin bags tend to be more expensive than Kelly bags when purchased at an Hermès boutique. In the secondary market, however, the price of a Kelly bag can be greater than a Birkin bag of identical size and leather depending on the supply and the demand.

4. What is Hermes brand best known for?

Hermes is a French high fashion house that was established in 1837 by Thierry Hermes. It is known for its quality craftsmanship and use of luxury materials, as well as its iconic handbags, such as the Birkin bag.

As a fashion house, Hermès prides itself on championing craftsmanship above all else. Hermès' belief is 'one craftsman, one bag', and as such each Birkin is made by a single artisan from start to finish in one of their dedicated ateliers, a process which takes approximately 40 hours in total.

5. Is Hermès a high end brand?

Hermes, Chanel, and Louis Vuitton are all high-fashion luxury brands. Aside from their astronomical prices, all three take pride in their superior craftsmanship, use of rare and quality materials, and high level of exclusivity.

6. How long does a Hermes bag last?

Since they are made from premium leather by skilled craft people, these luxury bags can last more than a single lifetime. But care must be taken when storing the bags so they retain their shape, beauty, and luster over the years. 

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