Meaning of “trade-in” in the English Dictionary

business-english dictionary
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(Definition of “trade-in” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"trade-in" in Business English

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trade-innoun

/ˈtreɪdɪn/ uk us COMMERCE

[ C or U ] a way of buying a new car, machine, computer, etc. that involves giving your old one as part of the payment for it:

Second-hand car prices have fallen, resulting in lower trade-in values for buyers.
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[ C ] an old car, machine, computer, etc. that you give as part of the payment when you buy a new one:

All our stores take cars as trade-ins.

(Definition of “trade-in” from the Cambridge Business English Dictionary © Cambridge University Press)