Gamestop Advertising a Layaway Program for the Xbox One, PS4 Doesn’t Have One

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Mr Puggsly said:

Somini said:

Mr Puggsly said:
They should do that $99* deal with the X1.

$99 or maybe $199 upfront and small monthly payments there after for a few years.

But that would make it a loan. I'm not sure if Gamestop wants to give you a loan if there are no guarentees that you'll pay it all back.

They were doing that before with the 360.

I think the contract is with MS anyhow.

Yeah, I think the $99 is the store's normal cut for a console plus the left over for MS. Then all further payments are to MS.

Still at $500 plus tax, that's a lot of years of small monthly payments to pay off $500, esp at $99 down. Even at $199 down it's going to take a while to pay off. What was MS doing for the 360 at $299? $99 down and $15/month for 2 years. So that's 2 years to pay off $200 + taxes and the rest for Gold, and probably a bit of interest too. They'd need at least a 3 year plan at $15/mth with $199 down, and at $99 down it would be a 4 year payment plan. 3 or 4 years is too long for most people to be attracted to such a deal, so they'f probably have to up it to $25/mth for 2 years, which isn't so small when looking at having to pay that for 2 years.

I don't think MS will start offering the payment plan option until Xb one is down to $399 or even lower.

Layaway is a good way to try to get more sales. And it means the retailer gets to hold onto the money, or sell the trade-ins, or offload store credit liability for several weeks before having to fork over the bulk of the money to MS. So a win-win. But it also means the retailer has to have the product in stock because the consumer can come in and pay off the balance at any time. So they would be fools to do it with PS4 just now as they probably can't guarantee stock will be there when the customer decides to pay off the balance. Later in the year when supply is more reliable they might offer layway for PS4. Though they will probably limit it, and cease to offer it in the lead up to Black Friday.