Wedding Rentals: Cut Cost on the Day of Your Dreams

Abbie Boudreau follows the latest trends to cut wedding-day costs.
4:27 | 08/01/12

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Wedding Rentals: Cut Cost on the Day of Your Dreams
SOMETHING OLD, SOMETHING NEW, SOMETHING BORROWED, SOMETHING RENTED. IT DOESN'T RIHYME, BUT IT IS TH WAVE OF THE FUTURE. IN A MOMENT, WE'LL HAVE A RENTED FASHION SHOW. BUT FIRST, HERE'S ABC'S ABBIE BOUDREAU. Reporter: IT'S THE MOMENT EVERY GIRL DREAMS ABOUT. FINDING THAT PERFECT DRESS FOR THE PERFECT DAY. IT'S GORGEOUS. Reporter: A DRESS TO HAVE AND TO HOLD FOR BETTER OR WORSE, TILL DEATH DO YOU PART. AT LEAST THAT'S THE INTENTION. WHEN I GOT MARRIED, I WAS BEYOND EXCITED TO WEAR MY WEDDING DRESS. BUT IT'S BEEN RELEGATED IN THE TOP SHELF. THE DRESS I WAS GOING TO LOVE FOREVER, I HAVEN'T TOUCHED IN THREE YEARS. BUT FOR TODAY'S CONSCIOUS BRIDE, THAT SENTIMENTAL FEELING IS QUICKLY REPLACED BY REAL SAVINGS. CHERYL, WHO OWNS ONE NIGHT AFFAIR, DOESN'T SELL BUT RENTS DESIGNER WEDDING GOWNS. MEN SHOULD BE BUYING A TUXEDO. AND WOMEN SHOULD BE RACING THEIR WEDDING DRESS. HI. KELLY WANTS TO LOOK LIKE A PRINCESS ON HER BIG DAY. AFTER FINDING THE PERFECT GUY. SHE PLANS TO KEEP HIM. BUT THE DRESS, SHE PLANS TO BORROW. I CAN'T WAIT ANY LONGER. FIRST UP, THIS LAZARRO DRESS, RETAILED AT $7,000. RENTED AT $695. THIS AT $5,000. RENTAL PRICE, $495. FINALLY, DID KELLY FIND THAT PERFECT GRESS? THIS GUCCI DRESS IS $12,000. RENTAL COST, $895. A SAVINGS. DO YOU SORT OF WANT TO BUY IT? FOR $12,000? NO. Reporter: FOR "GOOD MORNING AMERICA," ABBIE BOUDREAU, ABC NEWS, LOS ANGELES. WE WANT TO BRING IN "GMA" FINANCIAL CONTRIBUTOR, MELLODY HOBSON, TO GET TO THE BOTTOM OF THIS. WHAT DO YOU NEED TO KNOW TO RENT FOR A GREAT WEDDING? YOU WANT TO MAKE SURE YOU ARE DOING WHAT YOU CAN AFFORD. THE AVERAGE WEDDING IN THIS COUNTRY, AVERAGE, $27,000. AND YET, THE MEDIAN INCOME, $52,000. THAT MEANS PEOPLE ARE BORROWING A LOT OF MONEY TO HAVE A WEDDING. WE HAVE EXAMPLES. FIRST, OUR BRIDE. THIS IS JILL. EVERYTHING SHE IS WEARING IS RENTED EXCEPT FOR HER SHOES. THAT'S A $2,900 DRESS THAT'S BEEN RENTED FOR $495. ALL OF THE JEWELRY IS REAL. $11,000 EARRINGS. EVEN THE CLUTCH. $2,700. SHE'S WEARING ABOUT $43,000 WORTH OF STUFF. AND IT'S ALL BEEN RENTED FOR JUST OVER $4,000. AND BRIDESMAIDS DRESSES. TWO DRESSES HERE. FIRST, ONE THAT'S MORE FORMAL. EVERYTHING RENTED. THAT DRESS RETAILS FOR $195. IT'S BEEN RENTED WERE $75. ON McKAYLA, HER DRESS HAS BEEN RENTED FOR 50. EVEN THE FLOWERS ARE RENTED. REAL FLOWERS CAN BE RENTED? THEY'RE FAKE. OH, NICELY DONE. THIS IS A BOLD CAKE. YOU CAN HAVE THE FIRST TIER MADE AS A REAL CAKE. OR HAVE ONE PIECE MADE OF THE CAKE FOR THE PHOTO. NORMALLY, A TAKE LIKE THIS, THOUSANDS OF DOLLARS. YOU HAVE ANOTHER CAKE MADE UP? IT'S LESS EXPENSIVE. THAT'S NOT A BAD IDEA. WHAT ABOUT IF YOU WANT TO KEEP YOUR WEDDING DRESS FOR YOUR DAUGHTER? YOU WON'T BE ABLE TO DO THAT FOR YOUR DAUGHTER. AND WHAT MOST DON'T KNOW, YOU'RE NOT LOOKING AT THE DRESS ON A REGULAR BASIS. FASHIONS DO CHANGE. MELLODY, THANK YOU SO MUCH.

This transcript has been automatically generated and may not be 100% accurate.

{"id":16903669,"title":"Wedding Rentals: Cut Cost on the Day of Your Dreams","duration":"4:27","description":"Abbie Boudreau follows the latest trends to cut wedding-day costs.","section":"GMA","mediaType":"Default"}