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If style is important to you, it is reasonable to want Louis Vuitton luggage or to own something by Marc Jacobs, Kate Spade or Prada. Travelers seeking discount designer luggage may be able to find deals on closeouts. You won't be up-to-the-minute, but you will be equipped with bags that reflect your fashion smarts.
Authentic designer products are almost universally well-made and thoughtfully designed. Be aware of the dangers of buying trendy items -- those big polka dots look great this year, but unless you buy new luggage every year, they'll look dated sooner than you think.
Another idea for the style-minded, but wallet-conscious: Go for the designer bag, but buy only a tote bag or carry-on, then buy a more affordable luggage set in a complementary color to round out your travel gear.