trade-ins

A trade-in is when you give a used item, like a car or electronics, to a dealership or retailer in exchange for credit toward the purchase of a new item. The dealer assesses the value of your old item and subtracts that amount from the cost of the new one, making the transaction more convenient and often more affordable. Trade-ins can save time and simplify the buying process, and they benefit sellers by allowing them to refurbish and resell used items. The value of the trade-in depends on the item's condition, market demand, and other factors.