Real Savings at The RealReal: Tip-of-the-Day #356

If you're a fan of consignment (buying OR selling) and haven't yet checked out The RealReal - you're missing out. The RealReal is an online and brick-and-mortar marketplace for authenticated luxury consignment - from clothing, fine jewelry, and watches, to fine art and home decor.

I have had my eye on a couple of things recently, but they are still a smidge outside of what I'm willing to spend. There are two helpful tips to bring the price down. 

1. Join and get a $25 credit to kickstart your cart.
   
   
2. Buy your treasure through Affirm, a buy-now-pay-later option with no hidden fees, late fees, or surprises. You'll be informed of the total amount you'll pay at checkout and that number never changes. Just enter coupon code Affirm20 and instantly save 20% on the purchase price. That's a big savings! Check out my example below. On a $445 belt, that's an $89 discount! 
   
   
3. You may notice that some items are eligible for a 20% discount using coupon code REAL at checkout. It isn't consistent site-wide, so I'm unsure as to why some items are eligible while others are not. But between the two codes, you should be able to get a nice discount on your purchase. These two screenshots illustrate both codes working in the same way, but note that with coupon code REAL you will pay for your purchase in full at checkout and with coupon code Affirm20 you will pay the amount over time.

I used Affirm to buy my Peloton and have been incredibly pleased with that decision. It was an interest-free loan, which means that I get to enjoy my savings growing over time and on my terms, while only paying the bare minimum each month on my luxury purchase. Not every loan is interest-free to the consumer, but for those that are, it's the merchant that pays Affirm a percentage fee of the product’s sales price in exchange for managing the payment and taking on the risk of default.

Now, there is another way to leverage The RealReal and that's through consigning your own luxury goods that you no longer want/need. It's simple to get started and once you sell 20 items you are bonused with $100 to spend on your next splurge! Ship, drop off your items, or enjoy free at-home pickup, earn up to 85% of the sale price (~3X more than other resellers), and let The RealReal do the heavy marketing lift for you (copy, price positioning, etc.). Once your item sells, there are myriad payout options (direct deposit, store credit, check by mail). 

If you have some "spring cleaning" in the works but you're unsure of whether your items meet the criteria for The RealReal, check out their full list of accepted brands.

I plan to list some items in the near future and if I find success with that, I will update this post!
Happy shopping/re-selling. :)