Morning Money Matters: Rent designer accessories

News 12 This Morning: February 23, 2009

Prada. Louis Vuitton. Chanel.
How would you like to carry a handbag by one of these designers? You can, and you can look like a fortune without spending one.

You can rent them from a website called "Bag, Borrow, or Steal."

You might recognize the idea from the Sex and the City movie, but this is the real thing. You pick the plan that works for you, pay your monthly fee, and start happily carrying.

But this doesn't just apply to purses.

You can also rent jewelery, watches, and sunglasses. You can even rent to own if you get something you just can't live without, and you must have.

Here's the part I like the best, though, to be honest with you. After a number of rentals, the company will sell off the handbags or jewelery at a discounted price. They are used, but they will only run you a fraction of the original price. They add new styles every Monday with price reductions on Wednesday, so wait until then to buy if you can.


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