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Trade-in Allowance

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Trade-in Allowance
Trade-In Allowance
The amount by which the seller reduces the sale price of a property in return for the property of the buyer. This does not affect the buyer's basis in the property purchased.


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In a move to support the recent extension of the Government's new-cars-for-old incentive, scrappage customers are being offered a pounds 3,500 trade-in allowance against the high-economy version of the Octavia.
In a move to support the recent extension of the Government's new-cars-for-old incentive, scrappage customers are being offered a pounds 3,500 trade-in allowance against the high-economy version of the Czech firm's Octavia.
Byline: Malcolm Robertshaw AS the Government's scrappage scheme continues to attract customers with the pounds 2,000 trade-in allowance on purchasing a new car, a whole host of new vehicles have become hot property.
 
 
 
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