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Gamers face 50 per cent loss on pre-owned exchange

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Gamers face 50 per cent loss on pre-owned exchange

Online swapping service claims that even newly purchased games face massive value drop when traded on High Street

Despite the popularity of trading in used games against the purchase of new ones on the High Street, online games firm Hitflip has claimed that gamers are facing up to a 50 per cent loss on titles each time they do so.

Games that are exchanged only days after their purchase can often seen up to £20 wiped off their face value. Older times experience a far steeper dip in exchange price.

The claims come as the site looks to promote its online games swapping service.

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True

posted by Blaggins Nov 26, 2007 at 5:28 pm
1
Blaggins

completely true - last week i went into Game with a brand new, still in celephane copy of FIFA 08 on PS3 to trade - they offered me £21. There was a preowned copy for sale in the shop... for £40. FORTY POUNDS?! 2nd hand?! How do high street retailers stay in business at those ridiculous prices??

Back in March i traded in a copy of Genji (in exactly the same condition) and got £25 for it - a far inferior & less popular game than FIFA. odd.

Needless to say i took my FIFA, and sold it privately for £30!

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Re: True

posted by ano Nov 26, 2007 at 6:52 pm
2
ano

sports games fetch a far lower price than most other games. they are released every year and hence do not carry their value well.

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Re: True

posted by Wolf26pack Nov 27, 2007 at 2:33 am
3
Wolf26pack

No matter where your from they do this. That is why I keep the games weather I like it or not. If I wanna sell it I'll sell it on ebay or Amazon.com. I get the Money not those suits.

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Re: false

posted by Cashconverting Nov 27, 2007 at 10:06 am
4
Cashconverting

Games devalue like theres no tomoro from new, so how do you expect them to hold there value second hand. Mabey game developers should stop makeing such dismal and dull games, and listen to the consumer, then we can talk about holding value, as new or second hand.

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RE: True

posted by ChoZanWan Nov 27, 2007 at 12:25 pm
5

As mentioned in the article, this is another company trying to badmouth competitors instead of selling their own good points. Completely unprofessional.

As for the first post, still in cellophane? So either a bundle copy that you got with the machine, or a gift. Either way, the full RRP wasn't paid in the first place by yourself.

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Re: RE: True

posted by Earl Nov 27, 2007 at 12:31 pm
6
Earl

with only 201 games avaibale on there site i would take anything they say with a large pinch of salt...

Not exacly an experienced trader with that level of stock.

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Re: RE: True

posted by Ez Nov 27, 2007 at 12:34 pm
7
Ez

Completely true, and that's not the worst deal I've heard of recently. A certain high street game retailer (the clues are there) offered a friend of mine less than £5 for Sonic the Hedgehog on 360. He ended up trading 6 games of similar age just to afford a £38 pre-owned CoD4. I don't care who you are or what business you work in - that's daylight robbery. Without any competition in the UK they can do as they please and still get away with it. It's called a monopoly.

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Re: RE: True

posted by Lauren Nov 27, 2007 at 9:35 pm
8
Lauren

It's the same with buying a car, as soon as you buy it the value drops! What most gamers don't understand is that stores like Game and Gamestation and especially indies need this mark up to MAKE MONEY!! It is a business as with any other, and money has to be made somewhere. Would you rather there were no preowned games at all!! Buying all games new at £45 with no way to off load them if you're finished!!??!!

I work in a games store (not of the aforementioned companies though), and the amount of copies of Stranglehold/Halo3/Crackdown/Lost Planet/Fifa or PES of any year etc that are traded in is unbelieveable!! Plus, because there's so many games coming out now that prices drop so dramatically within weeks of launch. If you were to get £30 trade in on N4S Pro Street for example, what happens to the company if the price drops to £29.99 new? Selling the preowned item regularly at a £10 loss would put companies out of business, especially those independants whose business revolves around used games and consoles.

You're buying the game to play it! If you complete it within 3 days then you either play it too much or the game is too short, (in which case that's for the developers to look at) Either way, you've got out of it what you bought it for, to play it!! Anything you get back for it is a bonus, because you can't have your cake and eat it!!

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Re: RE: True

posted by Fearghul Nov 29, 2007 at 11:53 am
9
Fearghul

Lauren raises a good point relating to the values involved. A lot of people trot out the risk that developers take investing in making new games to justify in perpetuity profits on an item, but by a similar token, the game retailer is taking a risk by buying back used copies if they cant shift them again before the new price drops.

We like to have a go at them for ripping us off, but if you're that concerned, try some trading on ebay and see if you can manage to turn enough of a profit to pay for a high street rent, business rates, electricity and minimum wage for three staff without selling for more than you buy for?

It's te old mantra, buy low, sell high...they have overhead costs and are taking a risk buying games back, I know the local GAME store has dozens of copies of PES games that they will likely never shift because a new version is out...they've paid folk money for those preowned, and will make no return on them whatsoever, they've absorbed a loss there for the chance to make a profit and pay their staff.

If you are a gamer and you want to really understand the problems here, I suggest you go play a game like EVE and see how far you can get with a friendly attitude to trading there. The Financial times had a lot to say about it as a model of the free market and for those looking to comment on the market it's a good study aid...

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Re: Re: RE: True

posted by Steve Hipkiss Dec 06, 2008 at 5:42 pm
10
Steve Hipkiss

not always true, i recently had a clean-out of my old games, selling them via Amazon UK. My gamecube version of Zelda Twilight Princess sold for £55 (!), £25 more than I paid for it 2 years ago.

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