trade-in value
Exchange credit amount
Trade-in value is what a dealer will pay for your old item when you're buying a new one.
Most commonly applied to cars: The trade-in value was less than I hoped, but it covered the down payment.
Trade-in value is typically lower than private-sale value, since the dealer needs profit margin when reselling.
- depreciationAsset value reduction over time
- appraisalEstimation of worth
- rebateReturned portion of payment
- offerProposal to provide
- bluebookTest-writing pamphlet for students
exchange · negotiation · down payment · payoff amount · negative equity · dealership · used car lot · credit · equity · upgrade · financing · obsolescence · refurbishment · warranty · mileage · test drive · CarMax · haggle
- car salescar dealership, car dealerships, dealerships, dealer, auto dealership
- car shoppingtest drive, reviews, comparisons, ratings, specs
- used car valueblue book, Kelley Blue Book, depreciation, appraisal
- vehiclescar, bus, truck, van, bike
- auto loansauto loan, car loan, loan amount, loan term, monthly payment
- Valuationmarket cap, valuation, market capitalization, estimate, worth
trade-in valueretail price
Consumer purchase amount
sticker price · retail value · MSRP · asking price · list price
trade-in valuefair market value
Objective exchange price
replacement cost · book value · market value · resale value · appraised value