If you’re a gaming enthusiast, you probably have this feeling of wanting to stay ahead of the latest gaming releases. But what will you do when you want a PS5 but your PS4 still works perfectly? You might be thinking of selling it. However, looking for a buyer can be time-consuming.
Enter pawnshops – a place where you can sell valuable items at a good price. This raises the question, “How much will a pawnshop give you for a PS4?” Let’s discover it.
How Much Will a Pawnshop Give You for a PS4?
A Pawnshop can give you around $100 – $250 for a PS4 in good condition, which is a fraction of its retail price. However, the exact amount a pawnshop will give you for a PS4 depends on the console’s model, physical condition, storage capacity, and the accessories it comes with.
Here’s a table showing how much are different PS4 models worth at a pawnshop:
| Console Model | Accessories Included | No Accessories |
| PS4 Slim | $175 to $250 | $100 to $175 |
| PS4 Pro | $230 to $250 | $150 to $250 |
It’s worth noting that the exact price you can get for your PS4 will still depend on your location, the console’s demand, and the pawnshop itself. Newer PS4s are also worth more than older ones.
Will Pawnshops Accept a Broken PS4?
Whether or not a pawnshop will accept a broken PS4 depends on the console’s damage. A pawnshop may accept your console with minimal, easily fixable damage, like a broken button. If the PS4’s damage will cost a lot to fix, it’s highly unlikely that any pawnshop will accept it.
Pawnshops accept valuables like a PS4 in exchange for money. You will be given some time to repay the money with interest to regain your console. If you fail to do so, the pawnshop can sell your PS4 at a higher price to recuperate from their loss and gain profit.
However, if a pawnshop accepts your broken PS4 and invests in fixing it, it may not be able to profit much from it. Pawnbrokers will test your console for damage before paying for it to prevent profit loss.
Speaking of damage – if your PS4 controller is blinking red and you want to fix it before going to a pawnshop, check this article to find out what you need to do.
What to Do Before Taking Your PS4 to a Pawnshop
Proper planning and preparation will allow you to get the most out of your PS4. So, don’t just carry your console and head on to the nearest pawnbroker.
Here are the things you need to do before you take your PS4 to a pawnshop:
1. Gather the Accessories
Pawnshops will offer a higher price to consoles with complete accessories. So, gather all the cords, controllers, games, and headsets. Ensure all these accessories are clean and in their best condition before bringing them to the pawnshop.
If you still have the PS4’s original packaging, bring it to the shop, too.
Apart from pawning your console at a high price, you will also need the accessories when the pawnshop tests if it works.
2. Visit Pawnshops Online
Checking how much pawn shops pay for a PS4 will give you an idea of its value. Compare different pawnshops and their rates for a PS4. Don’t forget to compare the condition of your console to the ones posted in the pawnshops.
Doing research will prevent you from accepting an offer where you are disadvantaged.
3. Check the Console’s Retail Price
Checking a PS4’s retail value will help you know how much to expect and determine if the pawnshop is lowballing you.
Pawnshops will only pay a fraction of your console’s retail price. By having an expected pawn value, you can negotiate with the pawnbroker and avoid saying yes to a price that’s too low.
Find out the PS4’s current retail price from PlayStation.com.
4. Find a Good Pawnshop
After getting an idea of your console’s pawn value, look for a pawnshop where you can bring your PS4. If your chosen pawnshop has an online list of its items, check whether it already has one in stock.
It’s ideal to bring your console to a pawnshop with a few PS4 consoles in stock, if not none at all. A shop with several consoles in stock will likely offer you a low pawn value. Meanwhile, a pawnshop that doesn’t have a PS4 may provide you with a reasonable price.
5. Negotiate but Don’t Make the Initial Offer
Pawnbrokers negotiate with their clients to get the console at the lowest yet decent price possible. As a pawner, it’s crucial to negotiate back to increase your PS4’s price.
However, never make the first offer, as the pawnbroker might be thinking of a higher price than your offer. If you bid the first price, they will say yes, causing you to lose the chance of pawning your PS4 at a higher price.
Is It Better to Pawn or Sell Your PS4?
Pawning is the best option for making quick cash and regaining your console. However, if you have time to invest in looking for a buyer and want more control over the selling process, selling is a better choice. Ultimately, whether it’s better to pawn or sell your PS4 depends on your desired outcome.
Another thing you should consider when making funds out of your PS4 is safety and security. Pawning your PS4 will provide you with better safety and security as you make transactions with an expert. Meanwhile, selling your PS4 poses the risk of transacting with a poser.
Some people think that directly selling their PS4 will earn them more money. However, this is not always the case. How much you can sell or pawn your PS4 depends on its condition and how you negotiate with the pawnbroker.
If you’re selling your PS4 to upgrade to a PS5, Sony offers a Trade In and Trade Up option. By trading in your PS4, you’ll get $50 off when you purchase a PS5.
