Looking to trade in your Xbox One through GameStop to purchase an Xbox Series X|S or PS5? Here’s how much the retailer is willing to give you.
It’s hard to believe that the next generation of gaming consoles is less than two weeks away. The Xbox Series X is set to launch on November 10, followed by the PlayStation 5 on November 12.
Of course, the launch of a new console generation also means a hefty price tag that comes along with it. The Xbox Series X is priced at $499 while the more budget-friendly Xbox Series S is priced at $299. Meanwhile, the PS5 Digital Edition comes in at $399 while the PS5 with Ultra HD Blu-Ray Disc Drive is priced at $499. All things considered, the prices are pretty reasonable but it’s possible you can save even more by trading in your older console.
With both the Xbox Series X|S and PlayStation 5 supporting backward compatibility, there’s really no need to keep your Xbox One or PlayStation 4. Microsoft has been great at making sure their games are supported cross-generation while Sony has assured the majority of the PS4’s library will be playable on the PS5.
So if you’re looking to jump into the Xbox Series X|S or PS5 and want to save some money, there’s always the option to trade in your older console. Obviously, GameStop is the most established place to do a trade-in, so here’s what the retailer is offering for Xbox One systems right now. (for the PS4 trade-in values, go here).
- Xbox One Black 500GB with original controller: $75 store credit / $60 cash
- Xbox One Black 500GB with 3.5mm Jack Controller: $75 store credit / $60 cash
- Xbox One S All-Digital Edition 1TB: $85 store credit / $68 cash
- Xbox One Black 1TB: $85 store credit / $68 cash
- Xbox One S White 500GB: $100 store credit / $80 cash
- Xbox One S White 1TB: $110 store credit / $88 cash
- Xbox One X Black 1TB: $175 store credit / $140 cash
The values are somewhat in line with that of the PS4 trade-in, although you seem to get a little more with the PlayStation. It’s also worth noting that these values could change as we get closer to the launch of the Xbox Series X and PS5, so you’ll probably want to do this sooner rather than later. There also doesn’t appear to be any trade-in bonus if you put it towards a next-gen system, probably because there’s no incentive for GameStop to do so. The PS5 is already selling out everywhere so the demand is already there.
You will notice that you get more value if you trade in your console for store credit as opposed to cash. This is because GameStop wants you to spend money in their store. In all honesty, as with the PS4, you’ll probably get the best buck for your console on a third-party seller app like OfferUp or Facebook Marketplace, but that may take a little longer and it also means you might have to meet the person face-to-face. GameStop is easy, but not the most lucrative.