part exchange
Partial payment swap
Part exchange is a transaction where an old item—typically a car—serves as partial payment toward a new one.
The dealer accepts your current vehicle and credits its value against the purchase price: They offered me three thousand in part exchange for my old Ford.
Chiefly British; Americans say trade-in.
Credited used goods
- dealershipLicensed retail seller
- negotiationDiscussion seeking mutual accord
- agreementShared position between parties
- valuationAssessment of monetary worth
allowance · settlement · terms · offer · contract · arrangement · bargain · haggle
Degree of importance
- priceMonetary value assigned
- market valueCurrent trading price
- appraisalEstimation of worth
- equityImpartial treatment or ownership value
depreciation · residual · book value · retail · wholesale · asking price · assessment · quotation
Wheeled motor vehicle
- automobileSelf-propelled passenger conveyance
- sedanEnclosed passenger car
- SUVRugged passenger vehicle
- hatchbackCar with rear swing-door
coupe · crossover · van · truck · motorcycle · pre-owned · used · secondhand
Exchange of commodities
- substituteReplacement for another
- switchCircuit-breaking toggle device
- replacePut something else there
- upgradeRaise to higher standard
changeover · transfer · conversion · turnover · replacement
trade-in
Credited used goods
- dealershipLicensed retail seller
- negotiationDiscussion seeking mutual accord
- agreementShared position between parties
valuation · allowance · settlement · terms · offer · contract · arrangement · bargain · haggle · salesperson
worth
Degree of importance
- priceMonetary value assigned
- market valueCurrent trading price
- appraisalEstimation of worth
equity · depreciation · residual · book value · retail · wholesale · asking price · assessment · quotation · estimate
car
Wheeled motor vehicle
- automobileSelf-propelled passenger conveyance
- sedanEnclosed passenger car
- SUVRugged passenger vehicle
hatchback · coupe · crossover · van · truck · motorcycle · pre-owned · used · secondhand · certified
trade
Exchange of commodities
- substituteReplacement for another
- switchCircuit-breaking toggle device
- replacePut something else there
upgrade · changeover · transfer · conversion · turnover · replacement
part exchangecash payment
Transaction using physical currency
cash sale · cash deal · full payment · lump sum payment · direct sale
part, exchange, parts, parted, parting, partial, partially, partiality, impartial