Looking to upgrade to the Xbox One S? Here are our tips for selling your original Xbox One console!
The original Xbox One launched also three years ago and has since been followed up by a number of successors, with minor alterations and changes. Most recently, Microsoft has debuted the Xbox One S, which delivers the biggest overhaul to the console's feature set and form factor since launch. Between the release of this slimmed down iteration and Microsoft's formidable Project Scorpio on the horizon, an upgrade is becoming more likely for every game out there.
During the upgrade process you might want to unload your old consoles in order to fund its replacement. With so many ways to market your console, finding the best buyer can be more daunting than ever. So how can you get the most for your system? Here are our tips on getting the most for your Xbox One console and the easiest ways to do so.
Where should I sell my console?
A number of different resellers and online auction places are willing to take on second-hand consoles, however, pricing varies between firms. We've compiled guides on the top retailers and websites, in order to maximize your earnings.
When is the best time to sell?
Rumors of new Xbox hardware always emerge before official announcements, which makes for the perfect time to get your console on the market. When new hardware is announced and moves in closer to launch, the value of older units will begin to rapidly decline. However, with the recent announcements of both the Xbox One S and Project Scorpio, this isn't going to happen for some time.
Even though companies like Microsoft make frequent minor upgrades to their consoles throughout a generation, console owners tend not to upgrade to each iteration — they way for the big overhauls. So you can expect that the majority of Xbox One owners won't be upgrading to the Xbox One S — it simply doesn't have the raw horsepower improvements to make an upgrade worth it, and its HDR and 4K Blu-ray support will only appeal to a small subset of customers.
Upon Project Scorpio's release, we can expect older Xbox One models to rapidly decline in value.
This narrative is set to be shaken up in 2017 however, with the debut of Project Scorpio. Upon Project Scorpio's release, we can expect older Xbox One models to rapidly decline in value, as gamers flock to the latest hardware upgrade. Ideally, selling your console a few months ahead of the Project Scorpio's release will secure a profit before the console's value declines.
What should I do with my Xbox One console before selling it?
1. Reset your console to Factory Settings
As with any modern device, performing a factory reset on your console is a necessity in order to protect your personal data. With Xbox Live profiles tightly integrated into Microsoft's overarching ecosystem, it's crucial that any traces of personal data and erased before handing the console over.
While all of the Xbox One's save data is synced with the cloud, it's recommended that you transfer some of your games and save data over to an external hard drive. Some Xbox One titles clock in at nearly 100GB, so this will save a lot of time when setting up a new console.
Once you've saved any data you wish to recover, your Xbox One console can be reset following the simple steps below.
Warning: This will remove all data from your console.
- Open the Settings application
- Scroll down the the System tab
- Select Console info & updates
- Navigate to the Reset console button.
- Select the Reset and remove everything option. This will entirely wipe your console to a factory-fresh state.
2. Throw in some games and accessories
Have a spare controller? A cheap headset? Make sure to throw that in with your console! If you're handling the sale of your console, adding unused accessories of any kind will add more value to the overall package (and remove clutter from your life).
From the buyer's eyes, adding extra items will reduce the additional money they have to spend alongside a console. A few games will go a long way too, whether or not they're hugely popular. Putting together enough items to create a basic 'starter kit' for new gamers will not only drive up the package's value but also help you stand out from other sellers.
3. Clean up your Xbox One
Wherever you plan to sell on your Xbox One, looking the part is always important. A number of quick, yet effective methods can be used to spruce up your console, to add a little extra to the final value.
This is especially important when selling your console via online auction sites, where photos are the only glimpse of the device. Between a quick dust off and some polish to shine up glossy surfaces, your console will be more attractive both in-person and online. Earlier Xbox One consoles, which featured a large glossy top, are more prone to scratches that will be harder to conceal.
That said, make sure your listings are honest and don't hide any major scratching on dents on the console. If you've falsely advertised in your listing, many sites have policies that heavily favor the buyer in a dispute.
Where will I get the best price for my console?
"Setting up an online listing can be a great way to receive more for your console"
Now you've prepared your console, it's time to choose where you want to sell it. A number of video games retailers buy second-hand consoles, however, online auction sites can often bring in greater profits.
While retailers will buy working consoles with no questions asked, they're used as a third party between the previous owner and a new buyer. With all those involved hoping to make a profit, retailers will offer significantly less so they're able to make a hefty markup on the preowned hardware. Selling your console to these vendors will be much easier and is almost always a guaranteed sell, but you'll be getting a fixed, smaller return on your initial console investment.
If you're willing to spend a little more time on your sale, setting up an online listing can be a great way to receive more for your console. Between some attractive photography and an in-depth listing, you'll see a significant increase in your revenue.
1. Selling your Xbox One to GameStop
While GameStop will take in any working console, the company has been known to undervalue its trade-ins. As a reseller, it buys products for a lower price so they can turn around and offer it second-hand at a reasonable price to a new customer and still turn a profit.
Unlike auction sites, selling directly to GameStop will guarantee you cash or store credit, all without the worry of finding a buyer. If you're looking to upgrade your console, store credit will tie you down to a certain retailer but can source a significantly larger budget.
Right now, GameStop is currently offering $100 for the Xbox One 500GB model and $125 for the more spacious 1TB version. For real-time values on specific Xbox One consoles and bundles, make sure to check out GameStop's online trade-in calculator.
2. Selling your Xbox One to Amazon
Amazon also accepts Xbox One trade-ins, with current valuations slightly exceeding those of GameStop. To send off your console you must first identify its condition using the company's guidelines. The console's value can vary based on its condition, but provided all features are still working, Amazon will be offering $125 for a 500GB model and $150 for a 1TB model.
Amazon's guidelines allow for some minor dents and damage to the hardware without hugely affecting the console's value. If you've incorrectly estimated the condition, Amazon will give you the option of a free return shipping or a lower valuation. Amazon offers a handy trade-in calculator to help you estimate how much your console and included accessories should be worth.
3. Selling your Xbox One on eBay
As one of the most popular online auction sites, eBay serves as a platform for thousands of second-hand Xbox One sales monthly. Provided that you're asking a reasonable price and offering enough photos and description, it's not difficult to get traction with a sale on eBay.
Before listing your item, take a look around at the pricing of Xbox One consoles currently for sale. Right now, Xbox One 500GB models are fetching $150 or more and 1TB alternatives reaching as high as $200. This increased value comes from a direct sale to the buyer with no third party in the middle taking their cut. eBay does take a small cut of the profit when selling through their site, so make sure your profits over other methods aren't taken away!
When listing an Xbox One console on eBay, make sure to present the console professionally with an in-depth description and high-quality photos. Other bonuses, such as fast shipping and additional accessories, will help your listing stand out from the crowd.
Still have questions?
While this guide only covers three outlets for selling your Xbox One, you may find better valuations from other businesses or even making a direct sale to a friend or family member. As always, keep your mind open, but be weary of potential scams. Still need help selling your console? We're here to help in the comments!