Chanel Price Comparison Europe vs Switzerland
Chanel Bags are getting expensive. We need to find a better way to get a good deal for our hard-earned cash. Especially after Chanel slapped us with a 12%+ price increase in May 2020. So we’re going to do a price comparison that we think will be very useful.
And it might also answer some questions for those that are wondering whether it’s cheaper to buy a Chanel Bag in Europe or Switzerland?
So where to buy?
Switzerland has the lowest VAT
Switzerland has a VAT rate of 7.7%, which is the lowest if compared to other European countries. Most EU countries have a VAT rate that varies from 20% to 25%.
So what does this mean? The higher the VAT rate, the more tax-refund you get. Because Switzerland has the lowest VAT rate, therefore it’s more obvious for most people to shop in Europe.
Foreigners/Tourist should buy in Europe
If you’re a tourist or foreigner in Europe (you hold permanent resident outside the EU), then shopping in EU countries will be the best option for you. Most EU countries have high VAT, which means you can get more money back. Here’s a list of information you can look:
European Citizens should buy in Switzerland
EU citizens can’t apply for tax-refund in Europe, therefore they have to pay the 20%+ taxes for all Chanel Bags. That’s a lot of money.
Is there a way to pay less VAT? Is there a way for European citizens to buy a Chanel Bag cheaper?
Unfortunately, EU citizens have the most disadvantage position when it comes to buying any designer bags. They can’t buy in the US because the prices are higher and there is no tax-refund in most States. The Chanel Bags sold in Asian countries like Japan or Australia are way more expensive than Europe, even when the sales taxes are deducted.
Also, tax-free cities like Hong Kong and Dubai are not cheaper than the retail prices in Europe.
So where should European Citizens shop to buy cheaper Chanel Bags? Where can they find the highest tax-refund?
Yes, even tough the VAT rate is only 7.7%, but it’s still a big discount especially if you buy an expensive bag. The more expensive the bag, the higher the discount.
More over, the prices are also subject to currency exchange between euro and Swiss Franc. Currently the currency in Swiss Franc is quite high and I think it will continue to increase.
So the reason to buy in Switzerland is because:
- You get tax return of 7.7%
- Currently the currency Swiss Franc is stronger than the euro
Chanel Prices Euro vs CHF
We’re going to show compare the Chanel Bag Prices in Europe with Switzerland. We’re going to show 3 tables:
- 1. The current prices in Europe versus Switzerland VAT included
- 2. Europe prices compared to Switzerland prices VAT excluded
- 3. Euro and CHF price differences and in %
1. The current prices in Europe versus Switzerland VAT included
The Europe prices and the Switzerland prices are shown here VAT included. We want to give you an overall picture of what the current prices are:
|Chanel Classic Bag||Euro||CHF|
|Chanel New Mini Classic Bag||€3500 euro||3680 CHF|
|Chanel Mini Square Classic Bag||€3350 euro||3520 CHF|
|Chanel Small Classic Bag||€5500 euro||5780 CHF|
|Chanel M/L Classic Flap Bag||€6050 euro||6360 CHF|
|Chanel Jumbo Classic Flap Bag||€6600 euro||6930 CHF|
|Chanel Maxi Classic Flap Bag||€7100 euro||7460 CHF|
|Chanel Reissue 2.55 Bag||Euro||CHF|
|Chanel 224 Reissue 2.55 Bag||€5500 euro||5780 CHF|
|Chanel 225 Reissue 2.55 Bag||€6050 euro||6360 CHF|
|Chanel 226 Reissue 2.55 Bag||€6600 euro||6930 CHF|
|Chanel 227 Reissue 2.55||€7100 euro||7460 CHF|
|Chanel Boy Classic Bag||Euro||CHF|
|Chanel Small Boy Bag||€4300 euro||4520 CHF|
|Chanel Old Medium Boy Bag||€4700 euro||4940 CHF|
|Chanel New Medium Boy Bag||€4980 euro||5430 CHF|
|Chanel Gabrielle Bag||Euro||CHF|
|Chanel Small Gabrielle Bag||€3900 euro||4110 CHF|
|Chanel Medium Gabrielle Bag||€4100 euro||4310 CHF|
|Chanel Large Gabrielle Bag||€4200 euro||4450 CHF|
|Chanel 19 Bag||Euro||CHF|
|Chanel Small 19 Bag||€4600 euro||4750 CHF|
|Chanel Medium 19 Bag||€5000 euro||5320 CHF|
|Chanel Maxi 19 Bag||€5500 euro||5820 CHF|
2. Europe prices compared to Switzerland prices VAT excluded
Below you will find the Euro prices VAT included compared to the Switzerland prices VAT excluded and then converted to euro. The CHF currency conversion to euro is based on the currency exchange of 10-6-2020.
|Chanel Classic Bag||Euro (VAT incl.)||CHF (VAT excl.)||CHF Convert > Euro|
|Chanel New Mini Classic Bag||€3500 euro||3496 CHF||€3251 euro|
|Chanel Mini Square Classic Bag||€3350 euro||3341 CHF||€3107 euro|
|Chanel Small Classic Bag||€5500 euro||5469 CHF||€5086 euro|
|Chanel M/L Classic Flap Bag||€6050 euro||6014 CHF||€5593 euro|
|Chanel Jumbo Classic Flap Bag||€6600 euro||6546 CHF||€6088 euro|
|Chanel Maxi Classic Flap Bag||€7100 euro||7045 CHF||€6552 euro|
|Chanel Reissue 2.55 Bag||Euro (VAT incl.)||CHF (VAT excl.)||CHF Convert > Euro|
|Chanel 224 Reissue 2.55 Bag||€5500 euro||5469 CHF||€5086 euro|
|Chanel 225 Reissue 2.55 Bag||€6050 euro||6014 CHF||€5593 euro|
|Chanel 226 Reissue 2.55 Bag||€6600 euro||6546 CHF||€6088 euro|
|Chanel 227 Reissue 2.55||€7100 euro||7045 CHF||€6552 euro|
|Chanel Boy Classic Bag||Euro (VAT incl.)||CHF (VAT excl.)||CHF Convert > Euro|
|Chanel Small Boy Bag||€4300 euro||4228 CHF||€3990 euro|
|Chanel Old Medium Boy Bag||€4700 euro||4682 CHF||€4356 euro|
|Chanel New Medium Boy Bag||€4980 euro||5137 CHF||€4780 euro|
|Chanel Gabrielle Bag||Euro (VAT incl.)||CHF (VAT excl.)||CHF Convert > Euro|
|Chanel Small Gabrielle Bag||€3900 euro||3897 CHF||€3626 euro|
|Chanel Medium Gabrielle Bag||€4100 euro||4087 CHF||€3803 euro|
|Chanel Large Gabrielle Bag||€4200 euro||4223 CHF||€3928 euro|
|Chanel 19 Bag||Euro (VAT incl.)||CHF (VAT excl.)||CHF Convert > Euro|
|Chanel Small 19 Bag||€4600 euro||4504 CHF||€4189 euro|
|Chanel Medium 19 Bag||€5000 euro||5033 CHF||€4681 euro|
|Chanel Maxi 19 Bag||€5500 euro||5503 CHF||€5118 euro|
3. Euro and CHF price differences and in %
In the end, if you buy in Switzerland and you get tax-refund. How much do you save in euro’s?
So here we took Europe prices (VAT included) minus Switzerland prices (VAT excluded). We converted the prices in euro to compare.
We also put in the price differences in %.
|Type||Price Difference in euro||Price Difference in %|
|Chanel New Mini Classic Bag||€250 euro||7.1%|
|Chanel Mini Square Classic Bag||€244 euro||7.3%|
|Chanel Small Classic Bag||€414 euro||7.5%|
|Chanel M/L Classic Bag||€457 euro||7.6%|
|Chanel Jumbo Classic Flap Bag||€512,50 euro||7.8%|
|Chanel Maxi Classic Flap Bag||€548 euro||7.7%|
|Chanel 224 Reissue 2.55 Bag||€414 euro||7.5%|
|Chanel 225 Reissue 2.55 Bag||€457 euro||7.6%|
|Chanel 226 Reissue 2.55 Bag||€512,50 euro||7.8%|
|Chanel 227 Reissue 2.55 Bag||€548,30 euro||7.7%|
|Chanel Small Boy Bag||€310 euro||7.2%|
|Chanel Old Medium Boy Bag||€343,66 euro||7.3%|
|Chanel New Medium Boy Bag||€200 euro||4%|
|Chanel Small Gabrielle Bag||€274 euro||7%|
|Chanel Medium Gabrielle Bag||€297 euro||7.3%|
|Chanel Small 19 Bag||€410,70 euro||8.9 %|
|Chanel Large 19 Bag||€319 euro||6.4%|
|Chanel Maxi 19 Bag||€381,60 euro||6.9%|
So what’s the conclusion here?
If you’re a EU citizen, buy in Switzerland. The higher the price of the Chanel Bag, the more discount you get. If you buy a Chanel Classic Jumbo Flap Bag, you can buy as much as €512 euro cheaper (depending on the currency exchange). And a Chanel Old Medium Boy Bag is €343 euro cheaper in Switzerland compared to Europe.
And if you’re going to travel outside Europe and you happen to fly via Heathrow Airport, then the discount is even juicier. More info you can check here: >Buy Chanel Bag in Heathrow Airport.
If you’re a foreigner like US citizen, then of course buying in Europe is better than Switzerland because of the higher tax-refund. However, as a EU citizen, they don’t have many choices actually.
So what do you think? If you have an question, please drop in the comment section.