Men's Bit Loafers Under $200?

Jay Butler and Meermin Mallorca come to mind. Not exactly the same as the Gucci/AE design, but they're close enough. There are probably others.

Beckett Simonon. With the 20% off code it comes to $160.

However: 1) They come in and out of rotation. Looks like they're out of rotation at the moment. 2) Due to demand they might not ship for another month or two

You can get these exact loafers for around $200 during one of the AE sales which come around about twice a year. Also see this topic:

https://www.wallstreetoasis.com/forums/best-value-200-bit-loafers

The issue with cheaper loafers specifically is that they tend to fall apart/look terrible quite quickly.

I would use Allen Edmonds b-stock site to buy a pair. By far the best bang for buck. http://shoebank.com/

Otherwise, I would actually go cheaper and save for a pair of John Lobb / Edward Green loafers.

I know this isn't the answer you're looking for, but I think you're far better off with investing in a quality pair of bit loafers. I thought about going with Allen Edmonds but the new model can't be re-soled which deterred me.

I went with Gucci but I also wear Ferragamo drivers and both have held up well.

This is the answer you won't want to hear. I would personally purchase a pair of Horsebit Gucci loafers for $500. I have had mine for over 6+ years. I would also recommend Ferraragamo. Once again with a recommendation, these are loafers you don't ever want to get wet, ruined two pairs of suede gucci loafers when the weather was perfect and it started raining out of no where in Florence, Italy.

W.M. Gibson