Scalpers have been a known problem with the next-gen launch, as many consoles are quickly being snatched up and resold at extortionate prices. And to a degree, UK retailer CEX is also joining in!
Currently on their site, pre-owned Xbox Series X consoles are selling at an overpriced rate, roughly 50% extra than their initial price. The amount counts for both buying and selling, with CEX offering to take a boxed version off your hands for £550 (that's a guaranteed £100 profit), before selling it on for £690 - a massive £240 more than it's worth!
https://twitter.com/Caleb20011/status/1327277035459403783
Don't have the box? Don't worry - the retailer is only knocking off a few quid for anyone who doesn't, with the retailer showing a trade-in price of £546, to be resold at an eye-watering £685.
Interestingly, the Xbox Series S remains unaffected by inflation, with the company selling them at their recommended retail price. While this could just be a glitch, the same applies for the PS5 consoles, which have notably high prices on the standard editions, opposed to the digital which actually feels fair.
How do you feel about what CEX is doing here? Let us know in the comments below.
[source uk.webuy.com]
Comments 16
Cool, this is exactly what the industry needs: legitimised scalpers. They'll be government subsidised next.
No way! I'm not giving mine away. Unless... they make it 100 quid more 😁 Joke! Not even for that. Love my XSX 🙂
Scumbags. I never buy from CEX.
@Kefka2589 Microsoft have been running it into the ground for 3 years now and Deadpool for 2 years before that, I'm sick of hearing it myself. And I'm a huge DMX fan.
It's tempting but the £100 I make versus the time I will save on load screens in the short term means my Series X will be staying plugged in at home.
@Kefka2589 You're lucky you don't follow Aaron Greenberg on twitter. He's been ending every tweet since the announcement of project scorpio with #XGonnaGiveItToYa. I've never seen Deadpool either, but sadly everyone else in Ireland is still acting like it's brand new.
People are selling their ps5s on eBay for up to fifteen thousand pounds.
Fifteen, thousand, pounds.
Search "ps5 in hand" - I'll allow/won't cast shade Cex what they are doing as they aren't as greedy and it goes towards a business/wages. Also Game wouldn't give you more than the RRP to trade one in I imagine. Cexs business is supply and demand - they want these items in and their price is to encourage people to sell. If you have vouchers with them then that helps.
I just used some vouchers I had of theirs for a Series X controller (for my one) as it was cheaper than a One controller.
Just boycott cex, yes supply and demand, but they should be ashamed. Legit gamers cant buy at rrp because the vultures are profiteering and cex should not encourage that.
So I could go make £100 tomorrow.. Hmm think il just keep it... Ridiculous that they have the nerve to sell it for so much... But I am not shocked when xbox one introduced backwards compatability they quickly inflated the prices of xbox 360 games that where compatible... Sometimes to an extortionate degree
Keeping mine as I think it's great. I guess if someone bought one and legitimately regretted their purchase then I suppose it's nice option for them.
See this is why the systems being in short demand is a bad thing.
CEX are disgusting anyway. Their staff have no idea what they are selling and their products and services are inconsistent.
@iiibodiii
CEX aren't at fault.
These consoles would be going on Ebay or Facebook Market anyway because vultures have bought them.
At least if anyone wants to pay that CEX price, they get a 24 month warranty and can trade in goods to take a chunk off the price.
Just the nature of a console launch.
True indeed, just makes me grumpy, I've got 2 to buy for xmas and cant get hold of rrp. Ones - should have pre ordered !!! That'll teach me for putting things off🤪
They will give you £600 for your playstation 5 and they sell it for £750.
Dont know what they priced the ps5 higher, but a £150 profit if you did sell it isn't bad
@BraniclesUK Do they need to though? At the end of the day it's you that's going in to buy tech from them. They're not like PC world, they're not there to push you into buying anything. They don't approach you to ask to help you or what are you looking for? Everything I've bought from them I've walked in, pointed to it, paid and left.
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