trade-in

American  

[treyd-in] / ˈtreɪdˌɪn /

noun

1. goods given in whole or, usually, part payment of a purchase.

   We used our old car as a trade-in for the new one.

2. a business transaction involving a trade-in.

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adjective

1. of or relating to the valuation of goods used in a trade-in.

   trade-in price.

2. of or relating to such a business transaction.

   trade-in terms.

trade-in British  

noun

1. 1. a used article given in part payment for the purchase of a new article

   2. a transaction involving such part payment

   3. the valuation put on the article traded in

   4. ( as modifier )

      a trade-in dealer

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verb

1. (tr, adverb) to give (a used article) as part payment for the purchase of a new article

trade in Idioms  

1. Give or sell an old or used item and apply the value or proceeds to a new item. For example, Some people prefer to trade in their old car to the dealer, but we feel we'll do better by simply selling it. [First half of 1900s]

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Etymology

Origin of trade-in

First recorded in 1920–25; noun, adj. use of verb phrase trade in

Example Sentences

They said they are better equipped than the factory to service vehicles and give customers the best value for their trade-in cars.

From The Wall Street Journal

Various trade-in programs to subsidize household upgrades of everything from appliances to mobile phones haven’t triggered a durable shift toward greater domestic consumption.

From The Wall Street Journal

China allocated 250 billion yuan in special bonds to continue its consumer goods trade-in program, intended to boost household spending, though the figure is lower than last year’s 300 billion yuan.

From The Wall Street Journal

More likely are gradual and targeted policies, such as raising incomes for low-income households or shifting the recent trade-in and subsidy programs for durables like household appliances and cars into services.

From Barron's

“If you need to get rid of the car early on or if it’s destroyed or stolen, the trade-in, resale or insurance value is likely to be less than you still owe,” Consumer Reports says.

From MarketWatch

Related Words

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