Originally Posted by Big Brad
If you can find a good trade in deal, I'd go for that than going the craigslist/eBay route. The real issue with this system is that you are taking a chance every time you do it (that someone will buy it back from you for just a bit under what you paid). I don't like to rely on other people when it comes to my money.
1. Trade in Deals, very, very, very rarely actually benefit the seller. I'm not sure why people fear Ebay. I'm not a huge fan of Ebay, because they take about 20 percent off the top, but it's extremely easy to sell things on Ebay with minimal effort. Plus, on Ebay, your game will sell for a higher price than you'd ever get on Craigslist, so it kinda makes up for the 20 percent Ebay/Paypal hit that you take.
2. You said, " that someone will buy it back from you for just a bit under what you paid".... Actually, remember, this is a RENTAL. It does cost money to rent something, so you have to assume you're either paying a $5 rental fee, or a $10 rental fee, for your 60 to 90 day rental. Also, I'm sure some 90 day rentals could end up costing you as much as $15 if you pick your games poorly. I don't really advise keeping the Rental for more than 60 days, because then you are taking chances, but if you stick with 60 days, and just know that it's a 60 day rental, and not an actual long-term purchase, then you know what to expect of the transaction.
You just have to get the game during the first big price drop (like when $59.99 goes to $39.99), or find it on Craigslist for $40 or less, (or Ebay, but harder to find real cheap on Ebay). You have to get the game on a pretty nice discount, so the formula will work, and you also have to pick a game that people will still be interested in, 60 days from now. Buying Madden 25 for the Xbox One for $35 or $40 would be a bad idea, because I think you might end up selling it for only 20 bucks in another 60 days. So you have to ask yourself if there will still be relatively decent demand another 60 days from now. If you buy the game low enough, you'll have no problem making the rental work, and as others have said, sometimes you can even make a profit, and basically rent the game for free, and the profit could help pay for other rentals.
Remember folks.... It's all about the FIRST BIG DROP. You gotta buy it at the first big drop, it's got to be a 33 percent drop to be worth it ($59.99 to $39.99), and you have to hold true to the 60 day pattern of selling. If you don't like people, you sell it on Ebay as a BIN, and just set it high enough to make sure you clear your desired amount minus the 5 dollar (or 10 dollar) rental fee , and the Ebay / Paypal fees.