Louis Vuitton is a French fashion clothing company and a luxury goods company that was founded in 1854 by Louis Vuitton, who was a fashion designer and businessman, which was before the trunk maker of Wipe of Napolian 3. The label of this company has always been the monogram of L & V, which appears on most of its products, like shoes, clothes, leather goods, watches, jewelry, sunglasses, and books.
It is one of the largest international fashion houses. These products are sold in the official stores and also on the e-commerce website.
For six straight years, this company has been named the world’s leading valuable luxury brand, with a revenue of over $14 billion a year. Its headquarters are in Paris, and Mario Pascheli is the CEO of this company with over 19000 employees. The company operates in over 50 countries and has more than 460 stores worldwide.
Does Louis Vuitton accept affirmed financing?
However, Louis Vuitton, which is the most expensive luxury clothing and goods company, has not yet started taking affirm financing. The company, which is now 167 years old, has goods at a level where only certain people can afford them. They can increase their customer reach with this option, but it is the companies’ choice as to whether to do the former part or keep their company at an integrity high level.
Which Payment Method Can Be Used to Pay for Louis Vuitton?
Louis Vuitton accepts Cash, Paypal, Credit cards, Debit cards (except Monaco) with a valid shipping address, and your shipping and billing address should be same or else they will not be able to process the order
The accepted cards are Mastercard, Visa, and American Express.
Does Louis Vuitton accept affirm for online, offline, or shipping payments?
No, Louis Vuitton does not accept any BNPL companies like Affirm for any of the payment processes, whether it is online, offline, or even shipping charges.
Does Louis Vuitton offer any financing options?
Louis Vuitton does not accept payment plans or special financing programmes for their customers, nor do they offer store credit cards for discounts; however, if Louis Vuitton does not offer any financing options, customers can try a third-party retailer for payment plans.
Which third-party retailers of Louis Vuitton accept payment plans?
Louis Vuitton does not give access to their products to only a limited number of retailers, like Luke DH, who offers their customers the option of buying now and paying later and has a tie-up with affirm. They offer the normal pay in 4 option of interest-free instalments where the customer can pay in 6 weeks and one instalment is a down payment, so you can get Louis Vuitton handbags and other stuff with only a 25% upfront payment. They also give the financing options of 3, 6, and 12 months with varying interest rates depending upon your credit score determined by a soft credit check on your account.
What are the interest rates offered by Affirm Financing?
Interest rates for affirm financing vary from 0-30% depending on the credit score of the customer. There is no minimum requirement for credit score for using affirm, but if your credit score is in the range of 640 or higher, up to 740, your interest rates can be in the range of 13-18%. They also offer 0% interest rates to customers for 12 months who have a credit score of 800 or higher, which is very difficult to achieve.
Affirm financing pros and cons:
Pros:
- There is no interest financing available.
- They also offer pre-qualification so that you can show the approval letter to anyone you want for some work.
- They don’t charge any fees, except the late charges if you miss an instalment.
Cons:
- They are not available at all retailers as there is a lot of competition in the market for this type of company.
- They won’t report the on-time payments to the credit companies so that the credit score of any individual can increase, but they will report the late payments, which can decrease your credit score.
- And the customer with a low credit score will get a very high interest rate, like 25–30%, which is not suitable as the customer will pay 3 times more than the actual amount in its given time frame.
Conclusion:
Louis Vuitton does not accept affirm yet but they need to think about this as this companies have a lot of advantages and crowd pulling ideas. So they can increase their customer reach with it. Taking the third party products of Louis Vuitton can help the customers as you will get the option of bnpl.
FAQ’s
- Does Louis Vuitton has payment plans?
No Louis Vuitton does not accept any monthly payment plans.
- Is there any purchase limit in Louis Vuitton?
Yes there are restrictions like a customer cannot buy more than 6 leather goods in 4 weeks and cannot carry more than 8 transactions in a month.