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Anonymous

09 Mar 2020

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Are bag consignment services worth renting from?

There is a Disney X Gucci bag that I am looking at which cost about 1.5x my employment salary. I really like the design but I have no intention to carry it till maybe 5 to 10 years down the road. Is it a good idea to consign the bag through channels like style theory for now? Any experts able to advice if it would not be of quality after extended period of them?

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You work to live and sometimes for luxury.

Renting it out possibly is not a good business model,

it will experience wear in the best scenario.

Better search for other cash flow sources.

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Andy Sim

08 Mar 2020

HR Professional at a Financial Institution

Hi Anon, just curious why you have no intention to carry it until 5 to 10 years down the road?

Anyway getting the Disney X Gucci bag seems to be abit out of your budget, you might want to reconsider buying it now? Consignment services like Style Theory is a good way to make the bag pay for itself but the key question is, are you confident that people will want to rent your bag?

Qaulity wise, Style Theory will compensate you of the bag is stolen or beyond repair and will also help you do minor repairs is bag is damaged so I'm not so worried about it. More concerned with, years down the road, it may not be popular anymore or its subject to wear and tear. But then again if you really like it and want to buy it, going through such services can help you pay for it. Some people even have businesses buying and renting these luxurious bags.

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