The phrasal verb "trade in" is predominantly used in informal speech, though it can occasionally appear in more formal contexts, typically related to business transactions or financial exchanges. It is commonly employed when discussing the process of exchanging something, usually a used item, for credit towards a new purchase. For instance, a person might 'trade in' their old car to receive a discount on a new one. In terms of general usage patterns, "trade in" is often associated with consumer goods such as electronics or vehicles, where the value of the old item is deducted from the price of the new purchase. The phrase emphasizes a transactional exchange rather than a simple replacement or disposal. Although primarily colloquial, "trade in" can appear in formal contexts like business agreements or marketing materials where exchanges or upgrades are being promoted.
B1
PreIntermediate
1. To give an older item, typically a vehicle or electronic device, as partial payment for a new one.
She decided to trade in her old car for a newer model with better gas mileage.
John traded in his smartphone for the latest version and got a significant discount.
2. To exchange or swap one thing for another in a business transaction.
Many gamers trade in their old video games to get discounts on new releases.
The store offers a trade-in program where customers can bring in used books to exchange for store credit.