Expected Trade or Cash Value on PS3 Games

[Weirded Wonder]

What does everyone expect to get on a brand new PS3 game in cash or trade. Say the game was released that same week and you take it back.
What do you think you should get? Just curious.

[Rike255]

These are Canadian trade-in values, but I'd imagine they're similar to the American ones:

http://tivs.ca/

[brett_day]

the difference between what i think i should get and what i will get is huge!

I would expect $40 - $45 but that number will honestly more than likely be no more than $25 - $30. the whole trade in system is a racket!

[MOONPHASE]

Originally Posted by brett_day

the difference between what i think i should get and what i will get is huge!

I would expect $40 - $45 but that number will honestly more than likely be no more than $25 - $30. the whole trade in system is a racket!

Yeah trade-ins usually ask about $25-$30 for PS3/360 games for new releases

[Weirded Wonder]

It is a business. I understand that they need to make money. Anything less than half of what it was is a shame, at least when it is less than a month old.

[nbxfan]

Reminds me of being in College and selling your books back. Buy them for huge sums of money and get a couple dollars back when selling them back to the bookstore. I don't buy used, and I don't sell my games back. Only due to space constraints, I recently parted with my Atari 2600, Collecovision and Intellivision...have everything else even if it goes unused.

[SleeperAgent]

25-35 is fair. They can't sell it for the 60 so they can't give much more than that. A lot of those games sit there until price drops.

[Rike255]

Originally Posted by TheSoviet

25-35 is fair. They can't sell it for the 60 so they can't give much more than that. A lot of those games sit there until price drops.

I was at Best Buy this weekend and they were selling trade-in copies of LBP, KZ2, RE5 for $65 (regular price is $70...$60 for LBP). This is Canadian pricing keep in mind.

[Weirded Wonder]

Originally Posted by Rike255

I was at Best Buy this weekend and they were selling trade-in copies of LBP, KZ2, RE5 for $65 (regular price is $70...$60 for LBP). This is Canadian pricing keep in mind.

That is insane! I know they do not make much off of new copies, so they must be making a killing on the used titles. I think that is why Best Buy is getting into the trade business.

[MOONPHASE]

Originally Posted by beardmoen

That is insane! I know they do not make much off of new copies, so they must be making a killing on the used titles. I think that is why Best Buy is getting into the trade business.

Well it's no different than anywhere else you go to trade in videogames(except America is $10 cheaper but still same method).

[Sylin]

That's why Craigslist is your friend.

[PA_Kid]

When MS or Sony finally find a way to release a reasonably priced rental model on Live or the PSN it is going to kill game trade in.

I bet all those people who spend 60 and then sell it back a week later for 35 would just as soon rent it from the PSN for $5 for a week instead.

I'd wager most of the profit of the trade-in business is driven off those people who have to get it day 1, play it, beat it, and trade it in by day 7 - then someone comes in and grabs that new release at a little cheaper as used in the first month.

It won't kill the business completely, but I bet if they can find a model that keeps that power player from buying the disc in the first place (and subsequently pushes someone else to a new copy) they will be able to turn things around and get those profits back in the pockets of the people that make the games.

[MOONPHASE]

Originally Posted by PA_Kid

When MS or Sony finally find a way to release a reasonably priced rental model on Live or the PSN it is going to kill game trade in.

I bet all those people who spend 60 and then sell it back a week later for 35 would just as soon rent it from the PSN for $5 for a week instead.

I'd wager most of the profit of the trade-in business is driven off those people who have to get it day 1, play it, beat it, and trade it in by day 7 - then someone comes in and grabs that new release at a little cheaper as used in the first month.

It won't kill the business completely, but I bet if they can find a model that keeps that power player from buying the disc in the first place (and subsequently pushes someone else to a new copy) they will be able to turn things around and get those profits back in the pockets of the people that make the games.

I've seen games get traded in the same day it came out

[Copywriter]

Originally Posted by nbxfan

Reminds me of being in College and selling your books back. Buy them for huge sums of money and get a couple dollars back when selling them back to the bookstore.

LOL.

I kept all my books. No way I'm paying $150 for a book only to get $40 back even though it's in pristine condition.

Heck, I even kept books for classes I found ultra boring.

I remember back in the day (here anyway), the couple game traders that existed would also buy CDs for $1 (up to $2 if they really wanted the music).

If you're not going to be a real trader (by that I mean just walking into a pre-defined establishment), you'll lose out every time.

[Weirded Wonder]

[QUOTE=Copywriter;2183729]LOL.

I kept all my books. No way I'm paying $150 for a book only to get $40 back even though it's in pristine condition.

Heck, I even kept books for classes I found ultra boring.

QUOTE]

I'm with you on that. The only decent alternative I've found is going into the next semester and finding that same class, walk in the first day and offer someone the book for much cheaper than store cost. You can almost certainly make more money doing this than selling it back to the store. Such a rip off.

[Copywriter]

Originally Posted by beardmoen

I'm with you on that. The only decent alternative I've found is going into the next semester and finding that same class, walk in the first day and offer someone the book for much cheaper than store cost. You can almost certainly make more money doing this than selling it back to the store. Such a rip off.

Yep. And it works the other way too. Find people in current classes that just took the class you're taking next semester and see if they still have their book.

You've got to game the whole university system. One of my journalism profs didn't use books and told us she got "in trouble" every semester for not doing so.

Must be nice to get $150 for a $30 book. LOL

$10 waters at a ballpark are child's play compared that awesome system.

[adh56]

They give you half or less of full value and then sell it for $5 less then full retail. Ouch! If you have the time & patience I'm sure you could do better selling it on eBay or craigslist

[Sylin]

Make no mistake, no industry likes secondary markets reselling of their products. If they had their way, they'd outlaw selling used media and require all consumers to buy new.

You don't see this in books so much, because libraries (read: free books) have been around for thousands of years. But do you know how many times the RIAA has tried to shut down used CD stores?

The MPAA is loving the demise of rental establishments because it means more $$$ in digital downloads and increased retail unit sales. And you see fewer shows go into syndication because DVD box set sales of TV shows are now in the billions of dollars annually.

For years, most PC games have been designed to not allow resale at all, by tying a registration key to a particular person or online ID, or using a digital delivery system (like Steam) so there's no media to re-sell.

GameStop escapes industry ire for used game sales because they also sell new products, push strategy guides and peripherals, sell consoles, etc. But I don't mind buying games from them, because they support the aftermarket. If it wasn't for places like GS (and their amazing profits--they've broken records, even in a recession), the gaming industry would shift distribution into methods that prevented re-selling and we'd all be stuck paying BKRP (Bobby Kotick Retail Price).

I like to keep my games, so I rarely trade in or sell. But if I do, I do it smart. I'll get more on eBay or Craigslist for newer titles. As the title ages, and the price slims down, it's not so bad to trade it into GS or Amazon for credit.

[supersix4]

my advice you get way more bulk selling on ebay then taking it to gamestop.

[Rike255]

I'm with you on that. The only decent alternative I've found is going into the next semester and finding that same class, walk in the first day and offer someone the book for much cheaper than store cost. You can almost certainly make more money doing this than selling it back to the store. Such a rip off.

I've always been unlucky with this. I buy my books new, by the time I finish my semester and try to sell my books they've come out with a "new revision" (the only difference being they jumbled up the pages a bit). That's their way of breaking the used book sale chain.