trade-in credit
Old-for-new discount
Trade-in credit is the value a seller applies toward a new purchase when you surrender an old item.
Car dealerships offer trade-in credit for your current vehicle, reducing what you owe on the new one.
Electronics retailers do the same with phones and game consoles: I got $200 in trade-in credit for my old laptop.
- rebateReturned portion of payment
- voucherRedeemable certificate for value
- discountReduced price offered
- allowanceFixed periodic payment
- dealershipLicensed retail seller
new car · upgrade · exchange · resale · fair market value · value · equity · appraisal · negotiate · wholesale · retail · financing · dealer · offer · car · phone · gadget · swap
- rewardsrewards, reward, prizes, prize, trophy
- Trade-In TermsKelley Blue Book, wholesale value, retail value
- Auto Financingzero percent APR, down payment, monthly payments, loan terms, interest rates