Microsoft today confirmed the rumors: Xbox All Access is a new subscription offering that ties a console to Xbox Live Gold and Xbox Game Pass for two years.

“For no upfront cost and one low monthly price for 24 months, Xbox All Access gets you a new Xbox One S or Xbox One X, access to more than 100 great games through Xbox Game Pass, and online multiplayer with Xbox Live Gold,” Microsoft’s Bogdan Bilan explains. “That’s more than 100 all-you-can-play games — including highly-anticipated new Xbox One exclusives the day they’re released, plus more games added all the time on the fastest, most reliable gaming network and an Xbox One console.”

As previously reported, Xbox All Access is available only in the United States and will cost $22 or $35 per month, depending on whether you choose an Xbox One S or Xbox One X console.

As suspected, this isn’t a lease: At the end of your two-year commitment, you own the console outright and can choose whether to continue subscribing to Xbox Live Gold and/or Xbox Game Pass.

As I previously noted, the Xbox One S version of this subscription is particularly good, since you’ll save about $130 over the lifetime of the subscription. With the Xbox One X subscription, the savings is just $20.

Two caveats here. Obviously, either subscription allows the customer to purchase a device that they may not be able to otherwise afford in a single up-front payment. And the cost of each console will almost certainly go down over time, meaning that the overall savings may disappear. Any potential buyers should consider both before diving in.

Tagged with Xbox All Access, Xbox Game Pass, Xbox Live Gold