The next generation has arrived. Both the PlayStation 5 and Xbox Series X / Series S launch this week, which means you may be upgrading from your PS4 or Xbox One hardware. The PS5 and Xbox Series X/S will, for the most part, let you continue using your prior games library with better performance and visual upgrades, and that may prompt you to offload your old PS4 or Xbox One to save space or make a little extra cash. If you're looking to trade-in your current-gen console, here are some options to consider.

　　

GameStop

GameStop is known for trading used games and hardware, so naturally, it may be the first place you look to trade-in your old console. The games retailer previously offered a more generous amount of trade credit if used toward the preorder of a new console, but that offer appears to be over now that the new consoles are out. The updated trade-in values for your old consoles are slightly less now, but they're still enough to buy a few games or accessories to go with your new hardware.

　　Nintendo Switch, PS4 Pro, Xbox One X -- $175PS4 Slim 1TB -- $140Nintendo Switch Lite -- $125PS4 500GB -- $100Xbox One 500GB -- $75 See more at GameStop

　　

Amazon

Online retail giant Amazon offers trade-in values for electronics, with value awarded in Amazon gift cards after you ship it to a trade center (which is free). Amazon's trade-in process takes longer than the instant turnaround of going to a GameStop store, and the trade values are mostly lower. But the free shipping is convenient, and an Amazon gift card can be used for a much wider range of products than GameStop offers.

　　PS4 Pro -- $155PS4 -- $150PS4 Slim 1TB -- $140Xbox One X -- $135Nintendo Switch -- $130Nintendo Switch Lite -- $67.50Xbox One 500 GB -- $55 See more at Amazon

　　

DeCluttr

Resale site Decluttr uses a similar model as Amazon, offering free shipping for your used goods. Unlike Amazon, though, DeCluttr pays in cash via direct deposit, PayPal, or check. The values are roughly comparable to Amazon for most models. Through December 7, it's also offering 10% cash back on trades with a promo code "SELLNOW".

　　Xbox One X, PS4 Pro -- $140PS4 Slim 1TB -- $110PS4 1TB -- $100Xbox One S -- $90Xbox One -- $50 See more at DeCluttr

　　

Charitable Giving

If you don't need the extra money and just want your old console to help make some kids happy, consider donating it. Hospitals are often looking for games and hardware to keep kids in their pediatric ward entertained. However, be sure to call the hospital ahead of time to see if they're currently taking donations. You can also rely on an organization like Gamers Outreach, which will either repurpose your console or use the funds raised from selling it.

　　See more at Gamers Outreach

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