Nintendo has officially disclosed further information regarding its forthcoming console, the Nintendo Switch 2, which includes details about pricing and release timing. The new device is set to launch on June 5 and will be released in two editions: a standalone console priced at $449.99 and a bundle that includes Mario Kart World for $499.99. Indeed, that price point is a little hard to swallow.

Despite the high cost, Mashable’s Alex Perry, who dedicated several hours to testing the Switch 2 at a recent press event, declares it a “must-have.” The console features a substantial performance boost, a larger 1080p screen, and a redesigned dock that now has an ethernet port. Perry refers to it as “a significant improvement over its predecessor in nearly every aspect.” However, it’s reasonable for some gamers to be reluctant to spend close to $500 on a gaming console—particularly in the current economic environment.

Fortunately, there is a way to mitigate the financial impact: trade in your old Switch. The Switch 2 offers backward compatibility, ensuring you retain access to your current game library. GameStop is currently offering the most attractive trade-in deal, providing customers with up to $175 in credit towards a Switch 2 preorder when they trade in an older-generation console by April 30.

Here is how GameStop’s trade-in values are outlined:

– Nintendo Switch OLED: $175
– Standard Nintendo Switch (V1 or V2): $120
– Nintendo Switch Lite: $100

GameStop Pro members receive an extra 10% in trade-in credit. Keep in mind, these values are based on your device being in good condition and including all essential accessories, such as the dock, AC adapter, HDMI cable, and both Joy-Con controllers.

In comparison to other retailers, GameStop’s offer is exceptional. Best Buy, for instance, provides only $90 for an OLED model and a mere $20 for standard or Lite versions. Target’s trade-in offers are similarly low, with $25 for a Switch Lite and $20 for a standard Switch.

Preorders for the Nintendo Switch 2 will commence on April 9 at selected retailers. The My Nintendo Store will begin accepting preorders on May 8, with invitations dispatched in waves—priority will be given to active Nintendo Switch Online subscribers.

In summary, if you’re looking to upgrade, trading in your existing console at GameStop is your optimal option to save significantly on the Switch 2.