Depop is the most expensive resale platform and eBay is the most affordable, according to a new report from savings site VoucherCodes.co.uk.
The company analysed the cost of 20 of the most popular branded fashion items this year, including Birkenstocks, Carhartt dungarees and Jacquemus bags, across three pre-loved sites; Depop, eBay and Vinted.
The research saw significant variations in price across the three platforms. Overall, eBay is the the cheapest resale platform, with the total average price for all 20 pre-loved items on the shopping list amounting to £980.74.
Vinted is the second cheapest, with the same items coming to £1084.36 and Depop is the most expensive, with the items costing £1177.96, 20% more than the total cost on eBay.
The biggest price difference was for Carhartt dungarees, which were priced at £6.60 on eBay but £37.45 on Vinted – a difference of £30.85, a whopping 467% more.
In addition, a Mulberry Darley satchel bag is listed on Vinted for £344.58 Depop for £320 and eBay for £151.95, a pricing difference of 127%. Similarly, a pair of high-top Nike Air Jordans sells for £45.33 on Vinted, £22.75 on Depop and £10.92 on eBay, a pricing gap of 315%.
The research also reveals that 12 of the 20 comparative items are priced lowest on eBay, compared to five for Depop and just three on Vinted. Consumers could be paying up to 467% more for popular pre-loved items depending on where they shop.
“When it comes to buying pre-loved fashion, thorough research and shopping around is always the best way to make sure you’re getting the most value, particularly for some of the more ‘cult’ items analysed in VoucherCodes’ research,” VoucherCodes.co.uk savings expert Anita Naik says.
“The time of year you shop second hand can also have a huge impact on the price you pay. For example, items like sandals or swimwear will be cheaper in the winter, so if you’re happy to wait to bag the piece you’ve been coveting, you could grab a real bargain by shopping out of season.
“Many platforms also allow you to set up price alerts or set budget limits, which can help to ensure you’re not tempted to go over the amount you were originally prepared to spend if you are buying something second-hand.”