And when is best to sell your old PS4 and Xbox One?
While we do not know the value of the PS5 or Xbox Series X yet, we do know that neither next-gen console goes to return cheap. Considering not most are gettying to have the estimated $499+ that the consoles are estimated to cost at launch, it might be worth holding out and learning a second-hand PS5 or Xbox Series X further down the road.
But when do you have to do it? consistent with data collected by eBay, which has analyzed second-hand PlayStation and Xbox consoles sales figures from 2012 to 2014, those trying to find an inexpensive PS5 or Xbox Series X could make a good little bit of savings by holding out a couple of months to shop for a second-hand console.
According to sales data from eBay’s PlayStation page, the simplest time to shop for a second-hand PS5 is around nine months after the console's release date. While we do not know the official PS5 release date, we do expect the console to release in November sometime, making August 2021 the simplest time to shop for - if you'll wait that long.
But it might be worthwhile within the end of the day, with eBay estimating the PS5 price to possess fallen by 35% by this point. So, if the PS5 is priced at $499, then in August 2021 we might expect it to cost around $325 (if we're rounding up) - saving you around $175.
According to sales data from eBay’s Xbox marketplace, those looking to select up a second-hand Xbox Series X could see an identical price fall but may need to wait a touch longer. eBay's data estimates that the perfect time to shop for a second-hand Xbox Series X might be 12 months after the console's release in November, meaning you're best waiting until November 2021 to select up an inexpensive Xbox Series X.
Again, it's estimated that by that point the Series X will have dropped in price by 35%, meaning you'll save around $175 - if the new Xbox costs the estimated $499 we're expecting it to.
When to sell your old console
(Image credit: eBay)But what if you would like to sell your old PS4 or Xbox One to upgrade to a next-gen console? consistent with the info, the simplest time to sell your PS4 or Xbox One is going to be the month of the next-gen consoles' release - likely November. then, it's predicted that the worth of those consoles will drop by 25%.
If you're looking to select up a PS5 or Xbox Series X for reasonable, it's worth noting that while we're expecting both consoles to likely release in November, we cannot see them on sale during Black Friday and Cyber Monday.
However, if you are not fussed about subsequent generation quite yet and you're eager to devour an inexpensive PS4 or Xbox One, then Black Friday are going to be the simplest time to try to so as we'll see retailers shifting their old stock to form room for the new consoles.
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