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Part exchange
PART EXCHANGE

Definitions:

i. (British English) A way of buying something such as a car, in which you give the old one as part of the payment for a more expensive one.

ii. (British) If you give an old item in part exchange for something you are buying, the seller accepts the old item as part of the payment so you do not have to give them as much money.
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* All six elements should be in.


1. Appropriate analysis would have been made on the desirability of the method to be applied to obtain item to be bought. (Connect to #2.)

2. Considered financially-wise to exchange old item as part payment, whether or not there is liquidity or buoyancy during period.

3. The valuation that will be given, by whoever, for old item will be acceptable to who offers same as a part payment. (Connect to #4.)

4. Complete examination or full testing of the old item, where required by seller, will not be prevented from taking place.

5. Thing that will be given as part payment will not be returned, or asked to be returned, and a demand or an offer for cash payment be made, after conclusion of transaction - seller and buyer will both be happy and satisfied with the quality and ascribed value of old item.

6. There will be no buyer's remorse after collection of purchase and what will be bought will not be recalled in the future. That is, full value for money will be obtained from 'payment'. In other words, style of exchange serves purpose(s) as hoped for.
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See perfect COVETOUSNESS.

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