Trade-in Allowance

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.
References in periodicals archive ?
It is the intent of the City of Alexandria to secure pricing on the purchase of a minimum of four (4), new model year Police motorcycles, to include a trade-in allowance for a minimum of four (4) City owned 2014 model year Harley-Davidson Police Road King motorcycles.
99 but with a trade-in allowance the price was pounds 249.
Anthony Scrivener QC, defending, said it was not company policy to give a trade-in allowance where there was no trade-in, but the salesman could act at his own discretion.
Karl Scholz, prosecuting, said the charges related to trade-in allowances and sale prices advertised in-store on a number of washing machines, between November 1998 to June 1999.
Government customers who trade-in older systems will receive a trade-in allowance based upon the residual value of the equipment at the time of purchase.
Government customers get state-of-the-art IBM PCs and notebooks at discount prices, plus the bonus to taxpayers of trade-in allowances that have the potential to save additional millions of dollars.