Can You Pawn a Game Console?
Yes, you can pawn a game console, including popular systems like PS4, Xbox One, and Nintendo Switch, at a pawn shop in exchange for instant cash. The process involves bringing your console to the shop, proving it works, and negotiating a price based on its condition and demand, with pawn shops typically offering between 25% to 60% of the item’s resale value.
Frequently Asked Questions
1. What Types of Game Consoles Do Pawn Shops Buy?
Pawn shops are most interested in either vintage game consoles like Atari, or current consoles like PS5 and Xbox Series X, as there’s not much demand for five-year-old video game consoles.
2. Do Pawn Shops Check Consoles Before Buying?
Yes, you’ll likely need to prove that the console works at the pawnshop, so you’ll need to have the power cord, and any of the cords that affix to the controls, and having the original packaging can increase the console’s value.
3. How Much Can You Pawn a PS4 For?
As of the latest updates, pawn shops are buying and pawning PS4 Consoles for roughly $110 to $150, which includes the PS4 Console, power cord, HDMI cable, and at least one wireless controller.
4. How Much Can an Xbox One Pawn For?
An Xbox One 1TB at its original value is around $400, but pawn shops may subtract around $50 from its value due to wear, resulting in a payout of $250-$350.
5. Can I Buy Every Mario Game in One Day?
This question is unrelated to pawning game consoles, but it’s worth noting that buying every Mario game in one day would be a significant investment, as there are many games in the Mario franchise, and their prices can vary greatly.
6. Will GameStop Buy My Xbox One for Cash?
Yes, GameStop will buy your Xbox One for cash, or you can choose to receive in-store credit for max value on your items, with GameStop Pro Members getting 10% extra in value on most items.
7. Will a Pawn Shop Take an Xbox?
Yes, pawn shops will take an Xbox, as video game systems are one of the most common items bought and sold at pawn shops, and they buy PS4/XB1 daily.
8. Do You Get More Money for Selling or Pawning?
Selling to pawn shops may give you more money if you’re selling outright, rather than pawning, as pawn shops don’t have to hold the goods as long before they sell them, and don’t have to deal with the overhead and paperwork involved in lending.
9. How Much Would I Get If I Pawn My Nintendo Switch?
A pawn shop would likely pay around $75 for a Nintendo Switch, as they take half off for the item being used and another half for their profit, resulting in a payout of roughly 1/4 of the MSRP.
10. How Much Do a PS5 Cost at the Pawn Shop?
Playstation 5 consoles, even used, are in high demand, and pawn shops might pay around $220 for one, as they need to flip it and sell it for a profit, often close to the $500 MSRP.
11. Will a Pawn Shop Take a Console Without a Controller?
Some pawn shops may take a console without a controller, while others won’t, and in some cases, local game stores that accept trade-ins are considered pawn shops and may accept a console trade-in without a controller at a slightly lower value.
12. Do Pawn Shops Take Broken Xbox?
Yes, pawn shops may take broken Xbox consoles, as they can resell them as scrap material or for parts, and you can also get cash for extra chargers and accessories.
13. Can I Pawn My PS5?
Yes, you can pawn your PS5, and to get the best cash offers, bring any accessories you have, such as extra controllers, HD Camera, and/or VR accessories, as well as your receipt and original box.
14. How to Get $500 from a Pawn Shop?
To get $500 from a pawn shop, you’ll need to pawn an item worth between $835 and $2,000, as pawn shops typically offer somewhere between 25% and 60% of an item’s resale value.
15. What is the Most a Pawn Shop Can Give You?
The most a pawn shop can give you is around 60% of the item’s resale value, with designer pieces and jewelry often fetching higher prices, and it’s worth noting that the condition of the item greatly affects its value.