Everyone likes to have nice things, right? You enjoy that fancy laptop, new car, or a nice piece of jewelry. You deserve to treat yourself to these expensive purchases every once in a while, whether they are for work or for play. However, just because you have expensive tastes, that doesn’t mean you have to spend a fortune every time you invest in one of these products. Of course, you don’t want to skimp and not get a quality product, but there may be opportunities for you to find some savings.
These luxury items and expensive purchases are often marked up so the seller can make a profit. You need to be smarter than these retailers to get the best price. Look for opportunities to buy more unique products or even something that can be refurbished. Also remember, the price tag isn’t always the final number. You may be able to negotiate or price match with a different store. Patience is also a virtue when it comes to saving on your big purchases. These tips and more are just a few of the ways to save money on your expensive purchases.
Buy secondhand items at auctions
There are so many ways to buy products beyond just going to the store or dealership. Retail auctions are a great example of a way you can save money and still get a great product. For example, an online motorcycle auction will give you choices of bikes to pick up that are a lower price than a dealership may charge. And by still offering finance options to the bidders, you don’t have to stress about providing all the money upfront. These kinds of auctions can offer you a great price on otherwise very expensive items.
Look for refurbished, recycled products and technology.
Buying secondhand is a great option to get a luxury product without breaking the bank. Especially when it comes to technology, you can usually get recycled or refurbished products. Like refurbished laptops that are way cheaper than the original models. These restored products still come with the trademarks, bells, and whistles that you expect from great technology, but you can get them at a more affordable price.
Think outside the box and embrace non-traditional items.
Getting luxury items is sometimes about fitting in with the latest styles, but it can also be about finding that perfect, unique item just for you. When you think outside the box and look for those pieces that are special, you may be able to find a lower price. Don’t be a buyer clamoring for the one product everyone is eyeing, instead, go off on your own path. For example, the diamond market for engagement rings or fancy jewelry is very over-saturated. Maybe you can look for a Moissanite ring as seen here or a unique gray diamond ring instead of a colorless diamond. This may offer you a better deal while still getting a fabulous, special diamond ring.
Feel free to haggle
When it comes to expensive purchases, the price tag isn’t always a hard and fast rule. Depending on the business, you may have the qualifications to try to haggle. Chat with the sales representative to see if you can talk them down to a lower price. Sometimes all you have to do is ask to get a better deal, and they will make that happen for you.
Don’t be the first to buy.
Luxury products are usually very hot and stylish. It is only natural to want to purchase these items right when they go on the market. However, that is also when they are typically at their highest price. So instead of getting that new laptop or latest iPhone the second that it goes on the market, give it a few months. This will give it time for the prices to go down.
Go directly to the manufacturer or supplier.
Many retailers make their money by up-charging certain products. They will charge you much more than the price of the item so they can also make a profit. If possible, try to buy your luxury goods directly from the supplier or manufacturer. Rather than buying a laptop from Best Buy, go directly to Dell or Apple. This will help you save a little extra.
It’s okay to cut coupons.
Promotions and deals are happening every day. You don’t have to be embarrassed about cutting coupons, in fact, that is a good choice. This will save you money and get you the best deal on expensive products. If you can buy it while it’s on promotion, go for it.
Consider price-matching to get a good deal.
In addition to haggling, many stores will accept price-matching options. They want to retain your business above all else, so if you have proof another store will offer a product for you at a cheaper price, most retailers will match that number. Just be sure you do your research before you make that big purchase.
