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Confirmed: 360 trade-in value increased [update 2]

Over the past few days there has been a few rumors hitting the web about potential Xbox 360 trade-in prices increasing over at EB Games and Gamestop for the launch of the Elite. Well, we got in touch with a few Gamestop managers and it's true. The promotion started today and dramatically increases the trade-in value for original Xboxes, Xbox 360 Cores, and Xbox 360 Premiums.

If you trade in a Premium 360 they'll give you $250 in-store credit, $200 in-store credit for a 360 Core, and $50 for an original Xbox. These trade-in price have increased pretty dramatically, because last week Gamestop was only paying $190 for an Xbox 360 Premium, now upped by $60. Both Gamestop managers also said that the new trade-in credit does not have to go towards an Xbox 360 Elite, but what other reason would you have for selling your 360? There you have it all wrapped up and confirmed. More trade-in cash for your old Xbox 360 to buy yourself a black Elite if you so choose.

Update 1: We're thinking there may be a little confusion in Gamestop's head. We just got word from Kevin (who works at Gamestop) that the trade-in program uses coupons that are not valid until April 29th. Kevin says that the only way to increase the trade-in value is to use these coupons and the only way to get these coupons is to buy an Elite. So, according to him, you need to buy an Elite to get the increased trade in value. But, we double checked with our local Gamestop managers and they still are saying we could come in today and they'll pay us $250 for a Premium 360. Maybe all the stores just aren't on the same page ... silly Gamestop.

Update 2: Even more details have emerged.

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Reader Comments (Page 1 of 3)

J.Goodwin1

4-16-2007 @ 11:36AM

J.Goodwin said...

Does the console have to work?

I could trade in a busted unit and a working one as "cores" and get an Elite practically for free :D

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Ciaran Gallagher2

4-16-2007 @ 11:40AM

Ciaran Gallagher said...

You failed to mention anything about UK consumers and how much it will cost you by swapping your 20gb white for a 120gb black one!

Don't you EVER think of us in europe/uk?

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J.Goodwin3

4-16-2007 @ 11:40AM

J.Goodwin said...

Actually, maybe I could pull the towel trick, take the console to the shop, then walk out with an Elite...the wheels are spinning...and it's dangerous :D

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J.Goodwin4

4-16-2007 @ 11:48AM

J.Goodwin said...

I've always wondered why you whiny Europeans don't channel some of your negative energy into actually designing a console and manufacturing it in Europe instead of constantly complaining that you're 3rd class citizens to the Japanese or North American markets.

It's not like you've got a shortage of well financed information technology and aerospace companies (SEGA's Model X arcade hardware was all based off of Lockheed Martin simulator technology, and the first home consoles were designed by Baer at Sanders), or a lack of cheap manufacturing facilities (tons of Xboxes were produced in Eastern Europe). You've also got a strong development community.

You'd think the French at least would be all over that. Mystifying.

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Drdre745

4-16-2007 @ 11:49AM

Drdre74 said...

waste of money. I just paid 400 for my xbox 4 months ago and all i get is 250 for it? they can keep that elite. you only need the extra HD space for movies. I just keep streaming movies off my mac.

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AnOffday6

4-16-2007 @ 12:01PM

AnOffday said...

I still my have my baby from launch day. I'm not trading her in. She's been good to me.

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Hoffer7

4-16-2007 @ 12:09PM

Hoffer said...

I've got an old Xbox in my closet and a premium 360. I'm sending my 360 in for the third time tomorrow for repair. I wouldn't mind getting my hands on a new 360.

If I trade in my two consoles, that's $300. So, I'd just need $180 more for an Elite. Which we all know is the price of the 120 GB hdd.

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Adam8

4-16-2007 @ 12:09PM

Adam said...

Tell me this is a joke... 250.00 for a working premium so they can sell it to someone else for almost 400.00 anyway maybe with some shitty preowned game, please. A premium with maybe 100.00 should get an elite... this is a joke and if microsoft is gonna start screwing with its fans they may end up with the same problems as sony has right now... anyone remember the videogame crash of the 80's...

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dancingtosirens9

4-16-2007 @ 12:13PM

dancingtosirens said...

@ Adam


But... what does Microsoft have to do with the prices that EB nd gamestop offer on used merchandise?
Nothing, I'm pretty sure.
They just like to overly screw everyone over, they should be the ones you place your frustration

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Steve10

4-16-2007 @ 12:13PM

Steve said...

Let's hope they let you swap the memory contents of the 20Gig of the traded Premium to your new 120Gig Elite HDD...

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Funkatron11

4-16-2007 @ 12:15PM

Funkatron said...

When they say premium, do they mean with the HD? Cause the HD is considered a whole different credit the last I checked at EB. 480 - 250 = 230 = 50 more than just buying the bigger HD. Works for me

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scott12

4-16-2007 @ 12:20PM

scott said...

I work at a gamestop, we take in the system as a core with our without a wireless controller. The hard drive is taken in separately.

So the two trade ins are

XB360 system w/wireless
XB360 system w/wired

Then we take in the 20 gb hdd as a seperate device

So the 250 you see is the xb360 system w/wireless with the hard drive added on as well.

And how much do you people honestly expect us to take it in for? We have to sell it for a reasonable price. If we take it in for 350, and sell it for 380, nobody will buy it since it's only 20 less then a brand new one.


People get so pissed at gamestop/eb games because they have the ability to see how much we mark stuff up.

Do you question best buy when you buy a 2000 dollar tv? Are you aware they mark those up like 500+ dollars?

How about those accessories you buy from best buy for 19.99? You know those are marked up like 17 dollars, right? But you don't get pissed at them!

Companies are out to make money, not to give you amazing deals on everything and save you as much possible money as they can.

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ANt13

4-16-2007 @ 12:23PM

ANt said...

Gamestop/EB have always been criminals when it comes to trade ins. This actually isn't that bad of a deal, if you have a bricked console.

The Elite isn't that big of a deal to me anyway. If they were upgrading the guts of the unit then maybe, but slapping on a upscaling DVD player and HDMI (no big deal there, VGA is as good) 120 gb HD is cool, but you can always put an external HD and save a ton on the package......

Black, eh, been there , done that.....

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Robby14

4-16-2007 @ 12:24PM

Robby said...

Adam your anger is misdirected. Anyways, does anyone else realize that price u could buy two premiums. That would be much better than an elite in my mind. Ill leave the media functions up to my laptop with a broken screen, that i turned into a media center. Plus theres this place called stupid prices, i bought two Microsoft brand wireless controllers with Play n' Charge kit for 28 dollars each.

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scott15

4-16-2007 @ 12:25PM

scott said...

And adam, you're a jackass.

"A premium with maybe 100.00 should get an elite... "

You think that a possibly 1.5 year old 360 has only lost 20 dollars of value? You honestly think your used premium 360 is still worth 380 dollars? You're a complete jackass.

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ANt16

4-16-2007 @ 12:26PM

ANt said...

Scott, stop defending GS, get a real job.

Keep defending a company that's paying you $10 an hour with no future whatsoever.....

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scott17

4-16-2007 @ 12:33PM

scott said...

ANt, I'm in college, it's a part time job. Thanks for the input though! :)

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Robby18

4-16-2007 @ 12:33PM

Robby said...

@Scott. Yes, thank you for finally saying what needs to be said. The only way this would work anyways is if people actually traded it in and they will. Just tell your friends who want a elite and have a premium or whatever to sell u their console for 250 cash. Better than a trade in right! I just want more 360's, i don't care about HDMI or anything like that because i have VGA, and am not moving up to any HD format till one wins, and when i get a HD TV haha. For now im ok playing 360 on my 21" widescreen gateway with VGA. I can just bypass the gamestop mark up.

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Adam19

4-16-2007 @ 12:40PM

Adam said...

So since my machine has started giving me the red lights, can I still trade it in?

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Matt20

4-16-2007 @ 12:46PM

Matt said...

If you people think you can trade in a broken console you are pretty damn stupid. They will test it before its accepted as a trade in.

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