Pay Weekly on a New Xbox One

There is no denying that video games can be an expensive hobby. This is especially if you are interested in next-gen consoles such as the Xbox One.

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These consoles typically cost several hundred pounds to get them off the stores shelves and the games and controllers are not cheap either.

So it’s always a relief to know that you don’t have to part with hundreds all in one go to enjoy your favourite pastime. Instead, you can opt to rent a gaming system for a fraction of that prohibitive price or pay it off slowly in installments. If this sounds like you, here is a quick primer on how this works.

Identify a Local Rent-a-Centre or equivalent hub
A majority of local Rent-A-Centre hubs charge about £27 per week and approximately £50 per fortnight. Which, of course, implies that you can own the system in just about three years if you continuously make regular payments to the centre. Although you may end up paying almost three times the marked price amount (compared to purchasing the system one-off), this payment plan allows you an unbridled flexibility especially if your finances are not in the best order.

Alternatively, You Can use a Rent-to-Own Store
There are several rent-to-own stores in the UK that offer pay weekly deals for video game enthusiasts who are looking to purchase expensive electronic equipment via installments. Such establishments offer this in either 12-month or 24-month payment plans, and this should cover everything including the gaming controllers and games. The two-year plan, for instance, will have you paying at least £56 per week every week to be able to own the system after 104 weeks.

Recently, there has been a proliferation of online sites that offer similar services but with the flexibility of doing so online in the comfort of your home/office.

The Bottom Line – Is it Worth it?
Truth be told, rent-to-own on an Xbox console and paying it off per week is a double-edged sword at best. While you might end up parting with almost 3 or 4 times its initial market price by the time you are done making payments, it allows one the flexibility of owning such an enviable system without having to pay for it upfront. In other words, the arrangement is a convenient fix for those of us of us who need the latest consoles but don’t have the financial muscle to do so right away.