trade in

Related Terms
Sales promotion technique in which the buyers are offered a fixed discount (called trade-in allowance) on the price of a new model or item in exchange for a older model or item.

Use 'trade in' in a Sentence

You should see if you can get a trade in whenever you want to upgrade your old machinery to get a discount on the new.
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The trade in value for my old truck was abyssal. The money I got from it barely helped me put a down payment on the newer model I had my eye on.
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Mary went to buy a car knowing she had to replace her old one with 200,000 miles on it. She found a new car that she liked and asked the salesperson what discount her old car might be worth to trade in and apply for her new car.
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