09/23/2014 04:06 EDT | Updated 09/23/2014 04:59 EDT

20 Stylish Ponchos You'll Ditch Your Coats For (PHOTOS)

Lóránd Gelner via Getty Images

Thanks to Burberry Prorsum's breakout hit monogrammed poncho that debuted in the Fall 2014 collections, the hot ticket item is quickly becoming a must-have for the season.

Celebrities such as Sarah Jessica Parker, Cara Delevingne, Olivia Palermo and Suki Waterhouse have all been spotted wearing the chic outerwear, making us realize that we all desperately need a poncho (monogrammed, if possible) if only because we know we're going to get tired of our fall jackets and coats. (Although there are admittedly some pretty amazing items there too.)

So get your credit cards out, ladies—there are some stylish ponchos coming your way. Check out our favourites below:

Photo gallery Stylish Ponchos For Fall See Gallery