Newest Review: ... whole family out with these each year is worth the joining fee in my eyes! Costco sells everything from electricals, food, pet products... more
Member Name: assethound
Date: 19/06/01, updated on 19/06/01 (13927 review reads)
Disadvantages: Membership fee, restricted membership, bulk buying doesn't suit everyone
Initially drawn to the Leeds Costco by reports of cheap TVs, my partner and I ventured in there a few weeks ago and joined with Trade membership, which cost us £23.50 including the VAT.
If you do not have your own company, you can join under the Individual membership rate, which is approximately £29.37 inc. VAT.
JOINING AS A TRADE MEMBER
To join as a Trade member, you will need to bring along two forms of ID:
"1. An original copy of a current utility bill (ie, gas, electricity, telephone) from business address or a business bank statement. (Utility bills and bank statements must be dated within the last 3 months)
2. VAT registration certificate
1. An original copy of a current utility bill from business address or a business bank statement.
2. Two pieces of Business ID (ie, Business cheque, Letterhead, Invoice to your business address)" (quoted from the Costco website, at present still under construction).
This trade membership will get you two cards, one for you and one for your spouse.
Another six cards can be purchased at £14.10 each, any over that are available at £23.50 each.
JOINING AS AN INDIVIDUAL MEMBER
To join as an Individual member is a little more problematic.
Firstly you must be 18 or over, and secondly you must be a current or retired member of the following professions:
Banking/Finance, Civil Servant, Education, Fire/Rescue, Local Government, Medical/Health Service, Police Force or Post Office
an Optician, Dentist, Pharmacist, Solicitor/ Barrister/ Magistrate or Advocate.
(list taken from, www.costo.co.uk)
You will need to take along one item of ID from each of the following lists
1.Employee ID Card
of Professional qualification
2. An original copy of a current utility bill (ie, gas, electricity, telephone) from home address.
Bank statement from home address (utility bill or bank statement must be dated within last 3 months).
(list taken from www.costo.co.uk)
As you can see, the limited list of professions/employments could be enforced by means of the requirement to produce ID such as a Payslip or Certificate of Professionsl qualification.
You can get round this by asking your employer if the company has a Costco Trade card - if not perhaps you could get together with your co-workers and lobby the management - after all it will not cost them much, but it could be a valuable benenfit to the workforce.
If the company that employs you has a Costco Trade card, you will be able to get additional cards at the Trade rate of £23.50 each.
WHY BOTHER JOINING?
Costco have a huge range of products at very low prices: they supply small to medium sized businesses.
WHAT CAN I BUY THERE?
Anything from TVs, to saunas, to swimming pools for the kids, a huge range of barbecue equipment, computers, stereos, car accessories, DVDs - latest titles at £14.91!, books, clothes, trainers, and a massive range of household products and foods.
packs of part-baked french sticks - 8 for £1.60 = 20p each, 99p for 3 at Sainsburys = 33p each, saving of 13p per loaf.
Comfort Easy Iron - 5 litre bottle for £4.05 = 81p per litre, £2.15 for 2 litres at Sainsburys = £1.07 per litre, a saving of 26p per litre.
Kellogs Coco Pops bars - 24 for £3.75 = 15.62p each, 99p for 6 at Sainsburys = 16.5p each, a saving of 0.88p per bar.
Flash Wipes - 4 packs for £5.28 = £1.32 per pack, £1.79 per pack at Sainsburys, a saving of 47p per pack.
On Sunday we bought 10 x packs of part-ba
ked french sticks = 80 loaves @ 20p each,saving us £10.40, one bottle of Comfort Easy Iron, saving us £1.30, one pack of Coco Pops bars, saving us 21p, and one pack of 4 flash Wipes, saving us £1.88.
This saved us £13.79.
When we buy our TV there we have worked out that we will save a minimum of £30 on it, and we have already saved money on our lawnmower (about £15) and other items.
TACTICS FOR SHOPPING
The best tactic is to compile a list of all the items you buy normally, and which you use in reasonable quantity, such as cleaning products, toilet tissue, bread, condiments and crisps, and compare prices between Costco and where you usually shop.
My partner works near Costco, so it doesn't involve an extra journey for him to shop there - but any extra petrol costs must be factored in when you are working out whether you will save money or not.
We invariably come out of Costco with more items than we had on our list, so be disciplined (we impulse buy in any supermarket though).
Remember - you have to be able to fit it in your car!! We are hanging fore until we get the estate car we have been waiting for for the last few weeks until we get our TV.
Also - popular items such as TVs will be out of the store in no time - so you may have to make a couple of visits before you get the big items you want - it is worth ringing up before you go to check availability first.
Don't take your credit card - debit cards, cash and personal/business cheques only I am afraid!
THE COSTCO GUARANTEE
"On Merchandise : We guarantee your satisfaction on every product we sell with a full refund.
On Membership : We will refund your membership fee in full at any time if you are dissatisfied"