1917, in reference to used cars, from verbal phrase, from trade (v.) + in (adv.).

A vehicle that is currently owned by the purchaser of a new or used vehicle from a dealer and that is exchanged for the newly purchased vehicle in order to reduce its net price.

The net value of your vehicle credited toward the purchase or lease of another vehicle. If you own the vehicle being traded in, you sell it to the dealer or lessor. If you are leasing the vehicle bein [..]

An auto exchanged for a credit amount on the purchase of a new (auto) item. Trade-In Allowance

Any item which is offered to receive a credit toward the purchase of a new product of the same, or similar, type. With regard to car purchases, the current market value of the vehicle can be applied toward the purchase of a new, or newer, car.

(n) an item of property that is given in part payment for a new one

NADA’s estimated Trade-In value for a vehicle in rough, average or clean condition (see vehicle condition definitions) and mileage falling within NADA’s assumed mileage range.

The net value of your vehicle credited toward the purchase or lease of another vehicle. If you own the vehicle being traded-in, you sell it to the dealer or lessor. If you are leasing the vehicle being traded in, you are turning in the vehicle (either at the scheduled end of the lease or upon early termination) to the dealer or lessor. The amount c [..]

A trade-in is where you buy a new car off the dealer and also sell them your old car. Dealers on carwow can do this, but we recommend selling your car privately as you will get far more money for your old car and then get the maximum discount possible for the new car too. Also known as a part-exchange (PX).

The net value of your vehicle credited toward the purchase or lease of another vehicle. If you own the vehicle being traded in, you sell it to the dealer or lessor. If you are leasing the vehicle being traded in, you are turning in the vehicle (either at the scheduled end of the lease or upon early termination) to the dealer or lessor who has agree [..]

A process that involves turning in a used vehicle at a dealership to buy a newer model at a lower price.

The act or business of exchanging commodities by barter, or by buying and selling for money. commerce. Traffic. barter (USAID Automated Directives System - ADS - Chapter 536).

property used as part payment for a new purchase a transaction including such payment