Can You Pawn or Sell A Playstation 4 At A Pawn Shop?

Notice: This article has been recently updated with the most up to date and relevant information you will find. It differs significantly from it’s originally published form.


The Sony Playstation 4 is still in high demand. Does that make it something that a pawn shop will buy, or make a loan against if you bring one in?

How 'Pawnable' Is This Item

What Value Does This Item Have

The Playstation 4 is still a fairly new system and therefore, pawnbrokers are still very happy to see them come through the door. Because of that, the system ranks an “Excellent” score on our pawnability test.

In terms of value that you get for the system, here we are looking at a solid “Good” rating. It’s not as high as it once was because the system has been out for a little while now. There’s plenty of these systems around, and typically speaking, they are much easier for a pawnbroker to buy used at this point than they once were.


What To Bring With You:

When it comes time to take your PS4 to that pawn shop, there are some thing that you should definitely try to bring with you.

  • The original power cord.
  • The A/V Cable or HDMI cable.
  • The original Sony controller in good working condition. If you don’t have the original Sony controller, than bring what you do have, but the original Sony model is preferred.
  • If you still have the original box and packaging, sometimes that can work in your favor.
  • At least one game so that the pawnbroker can test the system and be sure that it works properly.

Statistics:

Percentage Of Pawn Shops That Accept This Item 99%
Percentage Of Pawn Shops That Consider This Item Desirable 80%
Average Redemption Rate For This Type Of Item 50%
Percentage of Households That Have This Type Of Item 50%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 70%

Pretty much every pawn shop out there takes Playstation 4’s so it’s no surprise that this comes in the 99th percentile. Additionally, 80% of pawn shops still consider this a very desirable item to see come through their doors.

It has an average redemption ratio of roughly 50%, which is lower than it once was, but that’s likely due to the system wider availability on the second hand market and reduced price for new systems.

Roughly 50% of households have this type of system that they can pawn and when they do, 70% of people choose to make a loan on their Playstation 4 versus outright selling it.


What Are Some Advantages To Pawning This Type Of Item

  • You can still get a pretty good amount of money out of your Playstation 4 on loan, making it a valuable asset to have an use in this way.
  • You shouldn’t have any issue finding a pawn shop that will accept your Playstation 4 for loan, so keep that in mind as well.

What Are Some Drawbacks To Pawning This Type Of Item

  • The loan values may not be AS high as you are hoping for initially. They have just become more common and aren’t as rare as they once were.

LEGACY ARTICLE

Here’s another question that I get that is very much like some others that we’ve answered here.

What people want to know is, how can you pawn a PlayStation 4 and get the most money as possible for it.

Now, some of this is going to seem pretty straightforward, basic common sense.

That having been said, not everyone realizes these things when they go to a pawn shop to get a loan on their PS4.

The first thing that you want to do is to clean up your PlayStation before you take it in the pawn shop.

While PlayStation’s typically don’t mark or scratch up as easily as an Xbox One, they can accumulate some marks over time.

If you put any kind of stickers or decals on your system, you will want to remove those before you take it into the pawn shop. Additionally, things like dust and animal hair can accumulate in the vents and fan of a PlayStation.

You’ll want to take a can of compressed air and blow out these crevices if possible. The idea here is to make your PlayStation look as new as possible.

Obviously, the pawn shop knows that they are dealing with a used PlayStation and won’t expect it to look perfect.

That having been said, they will expect it to look fairly new, and in good condition overall.

How To Pawn A PS4
One thing you might consider selling or putting up for loan at a pawn shop is a PS4. If you do, you’ll likely want to know how to pawn a PS4 and what you should do to get the most money for it.

What Else Do You Need To Do When Taking A PlayStation Into A Pawn Shop

Beyond just cleaning the system up, you will also want to make sure that you have any accessories that originally came with the system. For instance, the most obvious of these things would be the power cord.

If a pawn shop can’t plug in your PlayStation, turn it on, and make sure that it works, they may not have much interest in working with you in terms of getting a loan.

Beyond that, make sure that you have any controllers that you might have for the system. Just like with the power cord, a pawn shop is going to want to make sure that the system works. They will need a controller to help them do that.

While were on the topic of controllers, the PlayStation controllers don’t use replaceable batteries like the Xbox One does.

Because of that, make sure that you have the cord that goes between the PlayStation controller and the system as this is something that most pawn shops will want.

Additionally, if you have an HDMI cable that you can take with you to the pawn shop, that will often be beneficial.

Lastly, make sure that you take a game with you. The reason for this is also so that a pawn shop can test the system.

Not all pawn shops are going to have PlayStation 4 games on hand and ready to use to test each system that comes in the door.

By having one with you, the pawn shop can easily be able to determine that your system works properly and reads discs just how it should.

Above and beyond that, you may find that you’re able to get a few extra dollars for your game should you decide to leave it there as well.