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 ?
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.
IBM has been working very closely to ensure new equipment will be delivered at extremely competitive prices with added savings from trade-in allowances for the very latest equipment.