When The Best Time To Buy A PS5 Is

When The Best Time To Buy A PS5 Is

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Players can save a lot of money on the PlayStation 5 if they’re willing to wait a while to purchase the next-gen console at a strategic time.

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When The Best Time To Buy A PS5 Is

Sony has promised the PlayStation 5 will release in time for this year’s holiday season, but it turns out that it may not be in a player’s best interest to purchase the next-gen console right away. There’s good reason to wait a few months after the release of the console before purchasing it, as prices will likely be significantly cheaper.

Recently, the prices of both the Xbox Series S and the Xbox Series X were revealed by Microsoft, at $299 and $499 respectively. However, as tempting as it is to buy the consoles when they first launch, it’s not the more financially savvy move. Rather, waiting several months could provide players with serious savings, and given that the PS5 is expected to be priced around $499 as well, many gamers will want to save as much as they can.

The video game industry is set to reach record high sales this year. According to the NPD Group, in March alone there was a 35% increase in sales as compared to the previous year. With the COVID-19 pandemic forcing many people to stay at home and social distance, it’s not surprising there’s been an increase in folks turning to video games for entertainment, explaining the rise in sales. And with the release of the PS5 and Xbox Series X expected come the holiday season, the record-high sales rates are expected to last as players try to get their hands on next-gen consoles.

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How Long Should Players Wait To Buy The PS5?

When The Best Time To Buy A PS5 Is

Data from eBay’s PlayStation page provides insight into when is the best time for players to purchase an almost-new or gently used PS5. The PlayStation 4 significantly decreased in value after its launch, and if this is any indication, then the PS5 could decrease by up to 35% in the first nine months following its release. So, if the console is priced at $499, as the estimates suggest, then it would cost gamers approximately $325 nine months down the road. This means players could be saving over $170 by simply waiting a few months to purchase the console.

When Should Players Sell Their Old PS4s?

Many players are gearing up to sell their old consoles in order to offset the price of the next-generation consoles. Data suggests that the best time to sell an old PlayStation 4 would be the same month the next-gen console’s release date is given. However, the sales of previous PlayStation models is also expected to peak during the month of the PS5’s release, providing another good opportunity to sell old consoles. It’s important to note that after the PS5 releases, older models of the PlayStation will decrease in value, so it’s best to sell old console ahead of the release date or during the same month.

It’s completely possible for gamers to save big when it comes to the highly-anticipated PlayStation 5, especially if they’re willing to wait to sell old consoles at a strategic time and buy the PS5 later down the line. Now, gamers just have to sit and wait tight until the release date of the PlayStation 5 is finally revealed.

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Link Source : https://screenrant.com/playstation-5-buy-price-release-date-when-ps5/

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