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Trade-in
TRADE-IN

Definition: A method of buying something by giving a used item as part of the payment for a new one; the used item itself.
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* All six elements should be in.

* This is only about the method.


1. Purposeful and necessary.

2. The new item to be purchased is believed or confirmed genuine.

3. Total value or cost of new thing to be acquired is known and/or agreed on by all parties, before exchange (= payment) takes place.

4. Monetary value of the used item is 'calculated' and agreed on, before exchange, by the parties involved in transaction.

5. Value for money will be obtained from the new and old items. That is, a 'resale' or further trade-in, if necessary, of used item will not bring a financial loss, and a full benefit will be obtained from use, retention, application, sale, etc. of new item.

6. Achieves objective(s) for all, without a regret in the future.
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See perfect VALUATION (1).

See perfect WORTH (1).

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