With new PlayStation and Xbox consoles on the horizon, now is the worst time to buy a new video game console

• The next-generation video game consoles are just over the horizon.
• Microsoft and Sony have both begun speaking about the next generation, and rumors are swirling about the next iteration of Nintendo's Switch.
• Between the big three console makers working on new hardware, and the introduction of Google Stadia later this year, now isn't the best time to buy a new system.
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With about 7 billion people on the planet, there's still a decent chance you're part of the 6.8 billion who don't own a PlayStation 4, Xbox One, or Nintendo Switch yet.

But perhaps you were thinking about getting one?

Admittedly, it's very tempting: each of the three has dozens of excellent games. And the consoles are less expensive than ever before - a used PS4 or Xbox One can go for $200 or less, and a Nintendo Switch can be found for about $250.

But maybe, just maybe, you should wait for the next wave of consoles. Here's why:

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