The best loafer shoes you can buy right now for under $250

Your fall footwear doesn't have to cost a pretty penny — get it?

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Once reserved for wedding or formal dinner ‘fits, loafers have established themselves as a viable option in everyday wear. A good pair of loafers can take you from bike shorts or jeans to a full tux, and last years longer than most sneakers.

A quality pair of loafers doesn’t have to break the bank. We’ve put together eight loafers, from timeless classics to trendy upgrades, all for under $250.

Duke + Dexter x Playboy Wilde Penny Loafer, $165

Black penny loafers are essential in every wardrobe, but this collab pair brings a cheeky detail: a literal, Playboy-branded coin tucked into each shoe.

Dr. Martens Adrian Tassel Loafer, $130

Dr. Martens boots hog most of the brand’s spotlight, but don’t sleep on the chunky (and tasseled) loafers made from its iconic leather.

Aimé Leon Dore Penny Loafer, $245

Hypebeast business casual, anyone? ALD’s loafers are a sleeper hit for their versatility between casual and dressed-up fits, especially in this deep forest hue.

H By Hudson Ipanema Woven Loafers, $134

These leather slippers could easily step from the beach to the city streets, with an espadrille shape and croc-like woven pattern.

Camper Walden Low-top Loafers, $180

If you already own black penny loafers, or if your wardrobe leans more anti-neutral, metallic pink pennies are a natural next step.

Steve Madden Aahron Leather Loafer, $120

Horsebit loafers are another timeless essential, but not everyone can hand over $1,000 for the Gucci originals. This sleek pair delivers the same timeless cool, for a tenth of the price tag.

Vinny’s Romeo Croc-effect Leather Penny Loafers, $180

This pair offers a trendier take on the classic penny, but the embossed crocodile is arguably just as versatile as solid leather.

Vagabond James Loafer, $210

This pair upgrades the classic penny shape with a lifted lug sole, tapping into the platform trend without sacrificing versatility.

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