If you are financing your game console, you suck at personal finance. You are paying $840 for a $500 piece of technology for purely entertainment purposes. The fact that this option will be so popular is a window into America’s inability and unwillingness to control government spending and debt.
The high-end Xbox Series X will cost $499 while the entry-level Xbox Series S will cost $299. Microsoft will also offer a financing plan that allows customers to pay for either console over 24 months.The Xbox Series S costs $24.99 per month on that plan while the Xbox Series X will cost $34.99 per month.
Microsoft said the financing plans also include access to Xbox Game Pass Ultimate and EA Play, which allows you to download or stream more than 100 games to Xbox or PC. It will also include Microsoft’s new mobile streaming services that lets you stream from the cloud to an Android phone. You’ll have to buy a Game Pass subscription plan separately, which starts at $9.99 per month, if you don’t finance.