It's almost a year since the PS5 hit the market (well sort of). However, despite this - and in some part due to the lack of stock, the PS4 is still one of the most popular consoles ever, having sold more than 116m units!
In the past 12 months, it has sustained its popularity and continues to sell extremely well. Unfortunately, this widespread popularity does mean both the Slim and Pro models have stubbornly stuck to their prices. Only during Black Friday does either version even think about going on sale. Due to this, paying for a PS4 upfront can still be a painful experience for your bank balance.
In this guide, though, we’ll explain how best you can spread the cost of buying a PS4 so you don't have to fork out for one in a large lump sum.
Buying a console can be a costly endeavour – but not if you choose to purchase a PS4 via finance, such as 0% interest, Buy Now Pay Later (BNPL), pay monthly and pay weekly. To help you find the right finance plan to suit your budget, we've researched which UK retailers offer PS4 finance plans and on what terms. What's more: all available PS4 consoles for each plan will be listed - providing they're in stock.
A 0% interest PS4 finance plan is without doubt the best way to spread the cost of your purchase, being the only dedicated finance option that ensures you pick up a new PS4 console for its original cost and nothing more. This is a great way to finance the cost of a PS4 Pro for example, which will set you back at least £300. Multiple retailers offer interest free PS4 finance options, and they are:
Interest free PS4 deals from AO. AO’s interest free credit is offered over a length of 6 or 12 months in monthly instalments. There's no initial upfront cost and the sign-up process is extremely straightforward. AO also regularly offers some of the cheapest PS4 bundles available, which is an added bonus, as is the free of charge next day delivery on all PS4 consoles. Just make sure that your preferred PS4 bundle is priced over £200 - that way you'll qualify for the interest free plan.
Interest free PS4 deals from Argos. Argos’ interest free credit is offered up to a period of 12 months with no additional cost when you purchase a PS4 console via their unique Argos Card, which offers flexible payment terms so you can pay back the full amount when it suits you. To avoid paying interest (29.9% APR) you will need to meet the minimum monthly payment. You can sign up for an Argos Card online in a matter of minutes.
Interest free PS4 deals from GAME. The only way to enjoy 0% interest via GAME is through their online portion via a service known as PayPal Credit. It’s applicable to any item over £99 (including the more expensive model, the PS4 Pro) and must be successfully paid over a 4-month period if you want to accrue no additional interest. Miss the deadline and the interest payable is 19.9% APR (variable).
If you're desperate to pick up a new PS4 console but haven't got the cash to pay for it today, you can opt for a buy now pay later finance plan from the same retailers we name above that offer interest free finance, namely AO.com, Argos, GAME, and MusicMagpie.
You'll be given anywhere between 3 to 12 months to settle the account in full without accruing any interest. If you want to spread the cost over the maximum term - 12 months - you'll need to pay for your PS4 console from Argos using an Argos Card.
Spreading the cost of your PS4 Pro on a month-by-month basis is very convenient for those that get paid this way, and there are a few top retailers that provide this option.
Argos offers flexible finance plans when purchasing goods with an Argos Card. You can spread the payment over a period that suits you. To avoid paying interest (29.9% APR), you'll need to meet the minimum monthly payment as shown on your statement. To apply for an Argos Card, you'll need to add a PS4 console to your online basket, and opt for home delivery so that your identity can be confirmed instantly.
AO.com is currently offering pay monthly PS4 finance at 19.9% APR. On top of this, AO prices its PS4 deals very competitively. You can pay between 12, 24, 36 or 48 months and there's zero deposit to pay.
Currys allow you to buy PS4 consoles over several years at 24.9% APR representative, and ShopTo who offers PayPal Credit over 6 to 24 months, at only 14.9% APR representative.
If you opt to buy your PS4 from Currys, you can opt for pay monthly finance when you get to the checkout stage online. You will need to complete a simple online application at which point your credit file will be checked. If you feel you have poor or bad credit, you may be rejected for PS4 finance. If approval is granted, all you then need to do is e-sign the credit agreement and your purchase is complete. You can then expect delivery of your shiny new console within a few days.
Choosing to pick up a PS4 Pro as part of a pay weekly plan is most suited to the forgetful, as a weekly reminder can be a good kick up the backside for anyone wanting to accrue to the least amount of interest possible. There are a couple of places that offer this:
Those with a bad credit history may find it difficult to get a finance deal from the retailers we've mentioned above, but there is one retailer online that offers finance to "96% of customers that apply". We've never heard of them before conducting the research for this guide, so we can't comment on the service offered. The retailer is called Lintronics.uk and they stock several PS4 bundles available on finance - which all come with 0% APR. The one catch is the high price tag!
PS4 Pro 1TB Console bundled with
PS4 Pro 1TB Console bundled with
PS4 Pro 1TB Console bundled with
We hope you've found the information in this guide useful, and you now know which retailer you need to head for a new PS4 console on finance. If it's the PS4 Pro that you've got your heart set on, here's today's 4 cheapest prices (if purchased outright) for new PS4 Pro consoles, all available to buy on finance from the retailers we've featured above.
If you want a particular game bundled with a PS4 console, check out our PS4 bundle deals page where we feature 100's of deals available to buy today.
NB: The information in this guide does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances. The content in our guide focuses on finance options and interest rates, not the level of service offered.
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