The PS5 and Xbox Series X are only a few months away, but now is the time to buy a PS4 or Xbox One. The current generation of consoles is cheaper than ever and has an excellent library of games that will run on the next generation of consoles. And the PS4 and Xbox One will likely continue to be supported after the PS5 and Xbox Series X arrive.

Certainly, you'll need a PS5 or Xbox Series X to enjoy features like ray tracing, 8K visuals, and SSD's near-instantaneous load times. But until we learn more about exclusive games, the upcoming console is likely to be a major performance boost rather than a true revolution in the way we play.

Here are three big reasons why the PS4 and Xbox One are still well worth buying.

We already know that the PS5 and Xbox Series X will be backward compatible with the previous generation consoles. With access to thousands of great games on each console, from exclusives like "Uncharted 4" and "Gears 5" to third-party hits like "Red Dead Redemption 2" and "The Witcher 3 Wild Hunt," building your library You'll have no shortage of options when building your library.

Microsoft is taking backward compatibility a step further with its Smart Delivery system, so if you purchase games like "Halo: Infinite" or "Cyberpunk 2077" on Xbox One and upgrade to the Xbox Series X, you will automatically receive an enhanced version of that You'll be able to enjoy them: at least "Spider-Man," "God of War" and "Horizon: Zero Dawn" will work.

Here's one of the biggest reasons to hold off on buying a PS5 or Xbox Series X right now: even if these two consoles are released this holiday season, few games will actually be playable only on next-generation consoles. In fact, some of the biggest games of 2020 are being made specifically for current-gen consoles.

Confirmed PS5 and Xbox Series X titles like "Outriders" and "Watch Dogs Legion" will also be coming to PS4 and Xbox One when they launch next year. Square Enix recently promised to support both generations in the near future; its big Xbox Series X launch game, "Halo: Infinite," will also be playable on Xbox One. Given Microsoft's track record of supporting multiple devices, it is expected that most Xbox Game Studios titles will be cross-generational, at least in the next year or so.

And if you're worried about the PS4 running out of support, know that two of the PS4's biggest exclusives are still available: the highly anticipated "The Last of Us 2" on May 29 and "Ghost of Tsushima" on June 26.

With the PS5 and Xbox Series X coming out soon, the PS4 and Xbox One are selling at record high prices. if you check the lowest PS4 and Xbox One prices, you will find the PS4 at around $249 and the Xbox One S All-Digital Edition at the time of this writing often sells for as low as $199 at the time of this writing.

Wanting to play in 4K, the Xbox One X (usually $499) can easily be found at various retailers for around $299, and the PS4 Pro (usually $399) has come down to a similar price range. While these consoles may not be able to deliver 8K resolution or 120 fps frame rates, they will make upcoming games like "Cyberpunk 2077" and "Doom Eternal" look great.

Like any new hardware platform, the PS5 and Xbox Series X will eventually be worth buying. It's only a matter of time before each console gets some great exclusive titles that can only be played on the new hardware, and the promise of the latest AAA games at top-notch performance is enticing.

But buying a PS4 or Xbox One now will never hurt. Current consoles offer access to thousands of great games (with more to come). Thanks to backwards compatibility, your PS4 or Xbox One library will be intact when it comes time to upgrade; no matter how quickly you plan to jump on the PS5 or Xbox Series X, the current consoles remain a great investment.