Microsoft’s Financing Options for Upgrading your Xbox

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Project Scarlett logo

At this point in time we’re all pretty aware that the days of the Xbox One and PlayStation 4 are numbered. With both the PlayStation 5 and Microsoft’s Project Scarlett on the horizon, everyone’s thinking about the next upgrade.

Microsoft has announced a way to get playing now, and also get on board with the next iteration of Xbox when it releases in 2020.

Microsoft are relaunching Xbox All Access, which will allow you to spread out the cost of a console over several monthly payments. If you’re in the UK or US, you can pick up an Xbox One S or an Xbox One X and upgrade when the next Xbox comes out, as long as you’ve been meeting your monthly payments.

If you pick up an Xbox One S and make eighteen monthly payments, you’ll be eligible to upgrade to Project Scarlett. If, however, you go for an Xbox One X, the more powerful cousin, you’ll be able to upgrade after only twelve monthly payments. This means you’ll be able to hop straight over when the new console launches at the end of 2020.

The starting monthly payment is £17.99 in the UK and $19.99 in the US, however to go that low means committing to twenty four monthly payments. The options available right now are between the Xbox One X, Xbox One S or Xbox One S All-Digital Edition bundles, each coming with an Xbox One controller and a twenty-four month membership to Xbox Game Pass Ultimate.

The caveat for all of this is that you will need to trade in your console at the same place you signed up for the programme, which here in the UK is either GAME or Smyths Toys. As well as this, you’ll need to be in good standing with Microsoft’s financial partners, which in the UK is Swedish bank Klarna.

Overall, this feels like a first push towards the next generation of consoles, and a sign that the console landscape is changing, with more financing options and a ticking timer on the current generation.