How Much Could You Get for a PS5? | Users Weigh In on Trade-In Value
Edited By
Maya Robinson
If you're considering selling your PS5, you're not alone. A recent post on user forums sparked widespread discussion about the resale value of this sought-after console.
Despite being labeled as a PS4 in the listing, sources confirm it's actually a PS5—leading to some confusion. This prompted comments from various users estimating a low resale value due to less-than-ideal features.
User Opinions on Console Value
Among the comments, the consensus suggests that most people think it would fetch between 10 to 20 dollars, and here are some key thoughts:
"Very little I imagine, probably in the 10-20p range"
"Multishot is better than damage, and you have it as a negative."
Players focused not just on the console’s model but also the specific features, indicating that the inclusion of negatives might hinder its appeal. One comment called out the multishot features as more desirable than raw damage output.
Exploring the Comments' Sentiment
The sentiment in these discussions leans negative overall. While some players might have hoped for higher valuations, the prevailing opinion showed a tough market ahead:
"10p at most."
Low Market Demand: Many agree that current demand for the console is limited.
Feature Critique: Focus on specifications affects perceived value.
Expectations vs. Reality: Users express disappointment in the financial return.
Key Points to Consider
💵 Expect a low return: Most estimates are below $20.
🤔 Market conditions: Limited interest in Knell rivens could bring down prices.
🔎 Feature importance: Negatives in console specs could push prices even lower.
As trade-ins and sales continue on forums and user boards, keeping informed about actual values is crucial for anyone looking to upgrade. With mixed feelings about both console features and market demand, sellers could face a challenge ahead.
Future Trade-In Landscape
There’s a strong chance that as the market for the PS5 continues to evolve, sellers might need to brace for an even lower resale value than currently estimated. Given the prevailing sentiment on forums, estimates may soon hover closer to the $10 mark if demand doesn't improve. Recent trends in hardware sales indicate a swell in interest for the latest gaming systems, which could overshadow the PS5's appeal. If supply chains stabilize and new notable game releases emerge, there may be a slight uptick in interest; however, experts estimate that the current pessimism will likely persist, making it a challenging environment for potential sellers.
Unrelated Yet Familiar
The scenario mirrors the dot com bubble from the late 1990s. Back then, many companies were riding the wave of new internet technologies, yet only a handful emerged successfully after the market correction. Just as people poured their resources into fledgling tech, eager to claim a spot in the future, today’s gamers are wrestling with a similar excitement around new consoles and games. While some innovations yield high returns, many find themselves with outdated tech that quickly loses value, reflecting the delicate balance of hype and reality in both markets.