trade-in
Old-for-new exchange
A trade-in is an item offered as partial payment toward something new, typically a car or electronic device: We got three thousand for our trade-in.
The practice lets buyers reduce out-of-pocket cost while sellers handle resale.
As an adjective, it describes this transaction type: trade-in value, trade-in program.
Licensed retail seller
- vehicleMeans of transport
- carWheeled motor vehicle
- appraisalEstimation of worth
- mileageDistance traveled by vehicle
used · pre-owned · certified · truck · SUV · sedan · coupe · model
Estimation of worth
- worthDegree of importance
- depreciationAsset value reduction over time
- resaleSecond sale
- equityImpartial treatment or ownership value
condition · mileage · valuation · wholesale · retail · offer · estimate · assessment
Exchange one for another
- turn-inSubmit or go sleep
- returnGo back again
- replacementWhat takes another's place
- surrenderCease resistance, yield
hand-over · transfer · consignment · credit · allowance · deal · transaction · program
Returned portion of payment
- discountReduced price offered
- bonusReward beyond expectation
- cashbackRefund from spending
- savingsAccumulated money kept
promotion · deal · offer · credit · voucher · manufacturer · dealer · special
Handheld communication device
- smartphoneHandheld connected computer
- deviceConstructed tool or machine
- tabletFlat portable computing device
- laptopPortable hinged computer
console · gaming · Apple · Samsung · carrier · store · recycling · refurbished
More recently made
- modelRepresentation or paradigm
- improvementPositive change in quality
- latestMost recently arrived
- currentDirected flow of charge
replacement · switch · modernize · update · generation · technology · features · better
dealership
Licensed retail seller
mileage · used · pre-owned · certified · truck · SUV · sedan · coupe · model · year
appraisal
Estimation of worth
- worthDegree of importance
- depreciationAsset value reduction over time
- resaleSecond sale
equity · condition · mileage · valuation · wholesale · retail · offer · estimate · assessment · inspection
swap
Exchange one for another
- turn-inSubmit or go sleep
- returnGo back again
- replacementWhat takes another's place
surrender · hand-over · transfer · consignment · credit · allowance · deal · transaction · program · policy
rebate
Returned portion of payment
savings · promotion · deal · offer · credit · voucher · manufacturer · dealer · special · financing
phone
Handheld communication device
- smartphoneHandheld connected computer
- deviceConstructed tool or machine
- tabletFlat portable computing device
laptop · console · gaming · Apple · Samsung · carrier · store · recycling · refurbished · gadget
newer
More recently made
- modelRepresentation or paradigm
- improvementPositive change in quality
- latestMost recently arrived
current · replacement · switch · modernize · update · generation · technology · features · better · premium
- Exchangeexchange, barter, swap, quid pro quo, reciprocity
- exchangesswap, swapping, barter, bartering, exchange rate
- resaleresale, eBay, secondhand goods, Poshmark, thrifting
- transactionspayment, purchase, deposit, transfer, money transfer
- consumer exchangesflea market, swap meet, garage sale, yard sale, thrift store
- electronics disposale-waste, recycling bin, buyback, refurbish, donate