You can expect to receive $80 to $300 when pawning an Xbox One, depending on the specific model, storage size, condition, and included accessories. Read on for a detailed guide to maximizing your payout when selling your Xbox to a pawn shop.
Payout Ranges For Xbox One Models
Current payouts at leading pawn shops fall into these typical ranges:
|Xbox One 500GB||$80 – $140|
|Xbox One S 500GB||$100 – $180|
|Xbox One S 1TB||$130 – $220|
|Xbox One X 1TB||$200 – $300|
These amounts can go even higher for rare special editions in mint condition with multiple controllers and games. Pawn shops make offers based on current resale value on sites like eBay.
According to data from market research firm NPD Group, the Xbox One S was the top-selling console in January 2022, with over 112,000 units moved in the U.S. Strong demand increases resale prices and pawn payouts.
Follow These 9 Tips For Maximum Trade-In Value
Experts recommend these steps to safely sell your Xbox One to a pawn shop for top dollar:
- Clean Thoroughly – Remove dust, dirt and debris with compressed air so the console looks pristine.
- Confirm Functionality – Connect your Xbox One to TV; test for powering on, reading discs, connecting controllers, no error lights.
- Include All Accessories – Have the power cord, HDMI cable, controller(s), any headsets or chatpads on hand.
- Keep Original Box & Styrofoam – Even without manuals, just the packaging shows care and condition.
- Bring Valid Photo ID – A driver‘s license or passport is required for pawn shops to complete transaction paperwork.
- Be Ready To Negotiate – Politely negotiate if initial quote seems too low based on your research. Avoid emotions.
- Visit Multiple Shops – Get offers from 3-4 highly rated pawn shops in your area for the best deal.
- Factory Reset Console – This protects your personal data from being accessed after selling your Xbox One.
- Consider Timing Of Promotions – Pawn shops may offer better prices leading up to busy gift-giving seasons.
Juan Gomez, manager at Fast Cash Pawn in Los Angeles notes, "Customers who take time to clean and pack all accessories show they care about their electronics. I can pay more knowing I won‘t have to fix it up."
What To Expect When Pawning Your Xbox
Selling your Xbox One at a pawn shop involves these steps:
- A staff member thoroughly inspects the console for defects and tests functionality.
- They‘ll ask about the Xbox‘s history – where purchased, age, issues, smoking in home, pets.
- The pawn broker looks up real-time resale prices for your particular Xbox model in similar condition.
- Negotiation happens – calmly make a case for 5-10% higher if initial quote seems unfair.
- Once a payout amount is agreed upon, provide your photo ID to complete pawn loan documents.
- Standard loan terms are 60-90 days. You can repay the loan plus fees to reclaim your Xbox later if wanted.
Pawn loans allow you to get cash now while keeping the option to buy back items later, unlike selling outright. But this convenience costs you 20-25% of the payout amount. Be ready to negotiate politely but firmly to maximize your Xbox profit.
How Pawn Shop Payouts Compare To Other Xbox Selling Options
Pawning your Xbox One provides speed and convenience, but typically nets around 20-30% less profit than alternatives:
|Pawn Shop Payout||Online Resale Price||Retailer Trade-In Value|
|Xbox One S 1TB||$130 – $220||$180 – $250||$100 – $175|
|Xbox One X 1TB||$200 – $300||$250 – $350||$150 – $260|
Selling online takes more effort but yields approx. 20% higher value. Retailers like GameStop offer less in trade but are very convenient.
Top Rated Pawn Shops For Electronics
For highest payouts when pawning your Xbox One, visit one of these top pawn shops located in major U.S. cities:
- AAA Cash Pawn – 4.8/5 rating across 5 Houston & Dallas area locations for video game buys
- QuickCash Pawn Shop – Miami shop with 4.7/5 rating and "Excellent" badge for electronics from PawnGuru
- Cash Inn – NYC favorite rated A+ by Better Business Bureau for 30+ years in business
- Fast Cash Pawn – LA‘s top rated electronics pawn shop on Yelp with over 350 reviews
- Windy City Pawn – Long-running top rated Chicago shop per Pawnify & Google reviews
Check online reviews, search industry recommendation sites, and call around to find the highest rated pawn broker in your city for electronics like gaming systems. Their Xbox One payouts will likely beat smaller competitors.
Get Quick Cash While Keeping Your Redemption Options Open
Selling your Xbox One to a top pawn shop is a fast, flexible way to get reasonable cash now while keeping the option to buy it back later. Follow these expert tips to safely maximize your payout when the time comes to sell your console. Investing a few hours researching shops, cleaning and gathering accessories can easily net you an extra $75+ compared to a quick lowball quote!