Post: Video games loose value faster than used cars
01-04-2011, 03:52 PM #1
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Video games loose value faster than used cars

Brand new video games can lose as much value in percentage terms in just three days as a car would over three years, a Which? investigation into the prices high street stores pay for used video games has found.


Cars are known for their quick depreciation - lets take the Ford Focus as an example, this car can loose up to 60% of its value in three years. We discovered that the gaming blockbuster Call of Duty: Black Ops, released three days prior to our research and originally bought brand new, lost just about 70% of its value when shown to stores that buy used games

If you recieved an unwanted game this Christmas, and the plastic is taken off, you can't return it unless there is a problem or it is faulty, So trading it in may be your only option. We looked at 3 popular games and asked how much we could expect for them in cash or store credit. We found out that it really does pay to shop around when buying games.

Getting the best price for your games


Our reserach has shown that 'CEX' consistently offered us the best prices for the games, in cash and store credit. They offered us a huge £33 cash for Call of Duty: Black Ops where as 'GAME' only offered us £16.70. Not very good considering we bought the game on release for £45
'CEX' also offered us £13 cash for Red Dead Redemption which we bought for £28. But Blockbuster on the other hand, offered us just £6.
We tried Just Cause 2 in which we paid just under £20 for, we were offered no more than a few pound in most stored. Just Cause 2 was released in Spring 2010, this is a good example that sooner is definitely better than later when trading in games.

Video game mark-ups


It's not too difficult to see why so many well-known shops are happy to take in used games. When we checked the prices of used games on the shelves of stores we visited, they were as much as five times as high as the price they offered us. Blockbuster were selling used copies of Red Dead Redemption for just under £30. 'GAME' Were selling Red Dead Redemption for around £30, despite only offering us under £7 for our copy.

Groceries and games


Last year has seen a growth in the number of places which will take used games. Previously the reserve of dedicated games shops and entertainment stores such as HMV, now supermarkets and catalogue shops are getting in on the act. Tesco, ASDA and Argos now all offer the service, but they only offer store credit. Tesco only accept certain games. Tesco and ASDA are pretty comepetitive about their prices, too.

Selling games online


When looking to sell second hand video games, there are a wealth online alternatives to the high street. Major retailers such as Amazon and Play offer services for selling second-hand goods, as well as popular online auction site eBay. When we checked used-game prices online, we found that many were selling for a higher price than we were offered on the high street. However, it's likely you'll need to pay an online sellers fee and the items must be posted to the buyer in good time.

Which? top five tips for selling used games



Sell early.
The price of a used games goes down very quickly, so sell them sooner rather than later

Consider store credit.
A lot of stores offer more in store credit rather than cash

Shop around.
Prices are different in stores, as we stated there is definitely differences in prices from stores.

Consider selling online.
You will almost always get a better price online, especially if you sell on eBay.

Hang onto your games.
Most game creaters offer DLC after release, extending the playability of the game.[/CENTER]

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01-04-2011, 09:40 PM #11
this is true

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