Current-gen console sales are slowing, as evidenced by the latest batch of NPD reports in the United States. This is entirely natural, of course: Sony’s already said that the PlayStation 5 is coming next holiday, so there’ll be a sizeable percentage of potential buyers waiting for the new hardware to drop. Microsoft, however, has an ingenious solution for this problem: a financed Xbox One purchase plan which includes an upgrade option for its next-gen system.

It’s quite complicated, but here’s how it works: commit to paying $19.99 for 24 months and you’ll get an Xbox One S All-Digital, a 24-month subscription to Xbox Game Pass Ultimate, and the option to upgrade to Project Scarlett once you’ve successfully completed 18 instalments. There’s an even better programme for the Xbox One X, where you’ll pay $30.99 per month for a couple of years, but you’ll be able to upgrade to the company’s next-gen system in 12 months.

While you typically end up paying more when you’re bound to these kind of contracts, the deal actually works out quite well; in the aforementioned Xbox One X example, you’d end up paying $743.76, when the MSRP value of the items you’d receive sits at $758.76. Of course, this total doesn’t factor in any hypothetical deals or price drops, but we don’t know how much Project Scarlett will retail for either.

It’s all about locking the customer into the company’s ecosystem, which makes sense given the prevalence the Redmond firm has placed on Xbox Game Pass in recent years. But is this something that you'd consider for PlayStation as well? Sony could certainly offer a similar style of scheme, bundling both PS4 Pro and PS4 Slim consoles with PlayStation Plus and PlayStation Now memberships, in return for a monthly fee.

The key thing here is that, with the PS5 right around the corner, it could also offer an upgrade plan for those who want it. But is this something that you’d personally consider? Would you be willing to commit to some kind of contract in order to spread your gaming-based payments and potentially pre-purchase your next-gen system in the process? Let us know.

Would you take advantage of a PS5 upgrade plan?