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Define: Trade-in Value

The meaning of “Trade-in Value” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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What is the most popular definition of '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.