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How to get a new Xbox One for $200

Retailer GameStop has rolled out one of the better trade-in offers on new hardware we've ever seen.

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Looking for a new Xbox One? GameStop has a deal going on now you may want to consider.

As part of its latest promotion, the retailer will pay you $100 in store credit when you trade in any newer-model Xbox 360 or PlayStation 3 and apply the funds toward a new Xbox One. With the Xbox One starting at $300 as part of Microsoft's Spring Sale, that means you can get a new Xbox One for just $200.

To be eligible for the full $100 in credit, you must trade in a 320 GB or greater Xbox 360 or PlayStation 3 slim unit with all necessary components.

Additionally, your traded-in systems need to be in full working order to get the $100 credit, though GameStop will accept defective units for a lesser trade value. As always, if you have any specific questions, it's a good idea to get on the phone or visit a GameStop store before heading out with your hardware.

The promotion runs through April 3.

Microsoft has not yet said when the Xbox One will return to $350, so if you're interested in getting a console at the lower price point--at GameStop or any other retailer--you may want to act quickly.

You can see all of the numerous Xbox One bundles here on Microsoft's website.