A trade-in is an arrangement in which someone buys something such as a new car or washing machine at a reduced price by giving their old one, as well as money, in payment. the trade-in value of the car. a used car, piece of equipment etc that you give to a seller of a new one that you are buying as part of the payment British Equivalent: part exchange
When a car dealer incorporates the value of your current vehicle into the price of your new vehicle - to give you the actual 'change-over' price
An increasingly popular method of guaranteeing an owner a minimum amount of cash on sale of his present propert7y to permit him to purchase another If the property is not sold within specified time at the listed price, the broker agrees to arrange financing to purchase the property at an agreed upon discount
= Used product that was returned as part of an upgrade Typically this term is only used with large items such as tape libraries & RAID arrays Smaller items such as disk drives and tape drives that are part of an upgrade would be listed as a Pull
The net value of your vehicle credited toward the purchase or lease of another vehicle If you own the vehicle being traded-in, you sell it to the dealer or lessor If you are leasing the vehicle being traded-in, you are turning in the vehicle (either at the scheduled end of the lease or upon early termination) to the dealer or lessor The amount credited may be positive or negative depending on the value of the vehicle and any remaining balance on your credit, loan, or lease agreement
If you trade in an old car or appliance, you give it to the person you are buying a new one from so that you pay less. He had a Rolls-Royce, and he traded it in for two matching silver Range Rovers Richard refused to trade in his old Canon cameras. see also trade-in
turn in as payment or part payment for a purchase; "trade in an old car for a new one"
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