Trade in

usgb
verb

To give something old and receive a reduction in price when you are buying something new of the same type.

She traded in her old car for a newer model.
Visual representation of "trade in" - To give something old and receive a reduction in price when you are buying something new of the same type.

Often appears as...

  • trade in a car
  • trade in for newer model
Definition 1 of 2
Visual representation of "trade in"
LampPro Tip 1/3

Upgrading Items

Usually involves physical goods, especially vehicles, appliances, or electronics, emphasizing the upgrade aspect.

Illustration for Upgrading Items
After five years, I decided to trade in my laptop for a faster, newer one.
LampPro Tip 2/3

Value Perception

The old item has some value and discounts the new purchase, not a straight swap.

Illustration for Value Perception
I managed to trade in my textbooks and got a discount on the latest editions.
LampPro Tip 3/3

Not Always Equal

The trade isn't always one-for-one; condition and model affect the trade-in value.

Illustration for Not Always Equal
Her high-end camera got a great trade-in offer, unlike my entry-level one.
Visual representation of the word "Trade in"

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