Where To Buy Ferragamo The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)
The Cheapest Country to Buy Ferragamo 2024
The cost of Ferragamo is various by country, so many are wondering the cheapest country to buy Ferragamo. Let's look at the Ferragamo cost comparison between the US, Canada, Europe, Australia, South Korea, China, and Japan. 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 Ferragamo Hug handbag (S, Cognac). Pricing and exchange rates are as of September 04. 2024.
| Country & Region | Local Price | USD Equivalent Price | General VAT Rates |
| United States | $3,100 | $3,100 | 0%-9.55%（Sales Tax-different states vary） |
| Canada | CAD$3,770 | $2,780.08 | Combined federal and provincial/territorial sales taxes range from 5% to 16%. |
| United Kingdom | £2,155 | $2,826.93 | 20% |
| France | €2,300 | $2,542.28 | 20% |
| Italy | €2,300 | $2,542.28 | 22% |
| Germany | €2,300 | $2,542.28 | 19% |
Ireland | €2,300 | $2,542.28 | 23% |
| Finland | €2,300 | $2,542.28 | 24% |
| Sweden | €2,300 | $2,542.28 | 25% |
Japan | Ұ385,000 | $2,651.62 | Consumption tax: 10% |
| Australia | AU$4,190 | $2,810.61 | Goods and services tax: 11% |
| South Korea | ₩3,490,000 | $2,602.32 | 10% |
| China | ¥23,500 | $3,301.72 | 13, 9, or 6% depending on the types of goods and services |
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 Ferragamo, then you should definitely purchase it in Europe (France, Italy, Germany, Spain or other EU countries) due to VAT refund. If you are a visitor and normally reside outside of the European Union, you may be entitled to a VAT refund. Buying Ferragamo in Europe is about 18% cheaper than buying it in the United States. After VAT refund, it will be about 25% cheaper than buying it in the United States!
Note:
In many cases, you won't get the full tax back since services like Global blue charges a fee. However, the most expensive place to buy a Ferragamo is in China.
If you’re shopping in other EU countries that do not use Euros (such as Denmark, Sweden & Poland), it’s important to check the exchange rate on the day that you are shopping to make sure you’re getting a good deal.
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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.
The Process for Acquire Tax-refund in EU
1) Purchase Your Items
Go to the merchant and purchase your Ferragamo.
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 Ferragamo 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 Ferragamo Cheapest in the USA?
You can also buy your Ferragamo 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 Ferragamo The Cheapest Online in 2024?
If you’re not going to Europe any time soon, then you can check out these online sites to buy new & used Ferragamo. It is very convenient to buy online, and it will be delivered directly to your door. And there are deals, as these retailers occasionally have promo codes where Ferragamo is included.
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: Ferragamo, Maison Margiela, Jimmy Choo, Tory Burch, Chloé, Kate Spade, Jean Paul Gaultier, Calvin Klein, Tumi, Dolce & Gabbana, Veja, Moncler, Canada Goose, Rado, Fendi, Saint Laurent, 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.
Ferragamo Prices: $79-$7,900
Payment Methods:
Credit Cards: Nordstrom Visa, Nordstrom credit card, Visa, Mastercard, JCB, American Express and Discover Network.
Nordstrom and Nordstrom Rack Gift Cards: To use online, enter the Gift Card number, along with the access code, in the payment section at Checkout.
Coupon or Discount:
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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. Saks Fifth Avenue offers a lineup of Ferragamo handbags, shoes, apparel, beauty, jewelry & accessories.
Ferragamo Prices: $53.99-$5,200
Payment Methods: American Express; Apple Pay; Diners Club; Discover; Klarna; Mastercard, PayPal.
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Bloomingdale's is committed to once again lead the way with exclusive merchandise, customized services, and alternative shopping venues. Carrying on the Bloomingdale's brothers' dream, they're always finding ways to set their stores apart. Bloomingdale's offers Ferragamo handbags, clothing, shoes, and accessories.
Ferragamo Prices: $75 - $3,700
Payment Methods: MasterCard, VISA, American Express, PayPal, etc.
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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 Ferragamo clothing, shoes, handbags, and accessories here.
Ferragamo Prices: $109-$5,600
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Founded in 1927, Ferragamo is one of the longest-standing luxury shoe companies in the world, and also the owner of the industry’s largest number of patents - a testament to its creative and technical pieces. The brand's ready-to-wear is just as covetable and very much inspired by its heritage. Don’t miss the luxe leather coats, dresses, jumpsuits, handbags and accessories in NET-A-PORTER edit.
Ferragamo Prices: $650-$5,500
Payment Methods: Visa, MasterCard and American Express, Maestro, JCB cards, PayPal, Apple Pay, Klarna, Affirm, Union Pay.
Coupon or Discount:
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For over 160 million annual shoppers, Lyst offers the most comprehensive range of products from 17,000 of the world’s leading brands and stores. Brands available on Lyst include Ferragamo, Maison Margiela, Jimmy Choo, Furla, Calvin Klein, Tumi, Samsonite, Rimowa, Balenciaga, Balmain, Bottega Veneta, Burberry, Fendi, Gucci, Moncler, Off-White, Prada, Saint Laurent and Valentino.
Ferragamo Prices: $50-$35,000
Payment Methods: Visa, Mastercard, American Express, Discover, Klarna.
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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. Discover new & pre-owned Ferragamo clothing, bags, shoes, jewelry & accessories here.
Ferragamo Prices: $122 -$12,500
Payment Methods: Visa, MasterCard, Maestro, American Express, Discover, Diners, JCB, PayPal, Apple Pay, Afterpay (only available in the United States and Australia), Alipay (only available to United States, Canada, China Mainland, Hong Kong SAR and Macau SAR), HB Pay (only available to China Mainland), Klarna (Instalments only available in the United States, UK, Italy and France; Sofort only available in Germany, Austria, Switzerland and Belgium), WeChat (available in China Mainland, Hong Kong SAR, Macau SAR, Canada, USA, Japan, Australia and New Zealand), UnionPay, Alipay HK (available in Hong Kong SAR - FARFETCH China Android app), KaKao Pay (available in South Korea - FARFETCH iOS app), iDEAL (only available to The Netherlands), Boleto (only available to Brazil), Cryptocurrency (the full list of valid cryptocurrencies can be found here).
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Vestiaire Collective — The world's largest community of pre-loved fashion shoppers and sellers. Vestiaire reports 23 million members worldwide in 78 countries, with 20,000 products added daily. It's the best place to buy & sell designer fashion. You can shop millions of authenticated pieces, including Ferragamo.
Ferragamo Prices: $18-$7,746.40
Payment Methods: Visa, Mastercard, American Express, JCB, Unionpay, Dankort, Bancontact, Diners, Discover, Alipay, affirm, splitit.
Coupon or Discount:
10% off your first order with code WELCOMEVC. Valid in-app only.
Up to 80% off Louis Vuitton, Gucci, Dior & more.
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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 also a great place to buy new & pre-owned Ferragamo.
Ferragamo Prices: $40 - $330,340.00
Coupon or Discount:
Free shipping on select items.
Extrabux Cash Back: 4-4.6% Extrabux cash back.
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