Sony is offering $400 to people willing to part ways with their PS5 and two controllers. As spotted by ResetEra user Jay_Horror, PlayStation is sending notifications to fans with the PlayStation app on their phones, offering to trade in the console with money sent directly to their bank account. (PlayStation 5 console — Credits: IGN)
The offer is valued at up to $400 for anyone with a standard PS5 and two controllers. While trade-in programs are common at retailers like GameStop — especially around the holidays — it is unusual to see a platform holder reach out to customers directly like this.
Why Is Sony Buying Back PS5 Consoles?
It may suggest that Sony is preparing for a hardware shortage, or that it wants pre-owned stock it can sell at a more affordable price than a brand-new unit. PS5 consoles currently cost $600-$650 depending on whether you get a disc drive, while the PS5 Pro costs $900 — and demand for the Pro in the lead-up to GTA 6’s release has made it hard to find at retail price.
Resellers and even retailers like GameStop have been selling used PS5 Pros for as much as $1,400.
Is the PS5 Buyback Deal Worth It?
For anyone who bought a PS5 before prices began to jump and no longer uses it, this is not a terrible deal. The console initially cost $500, so getting $400 back — provided you also picked up an additional controller at some point — is a solid trade-in value. At this point in the PS4’s life cycle, you would not have gotten anywhere near $400 back from a retailer like GameStop.
Also Read: Xbox Game Pass November 2026 Lineup: Day-One Launches Headline a Busy Month
Source: IGN — read the full story there.
