Define: Trade-in Value

Trade-in Value means the stated cost in the [bill of sale] of a [vehicle] that's being substituted for a new one.

Trade-in Value means the stated cost in the [bill of sale] of a [vehicle] that's being substituted for a new one.

Relevant Circumstances

When a buyer offsets the price of a new vehicle against the value of an old one
If the trade-in figure must be itemised on the bill of sale
Where finance or tax treatment depends on the stated trade-in amount

Relevant Sectors