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Car Glossary
›› Net Trade-In Allowance Definition - Car Leasing Glossary
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Word
Definition
Net Trade-In Allowance
This is the actual amount the dealership is giving you for your trade in. Many consumers fail to realize that this amount is not on top of whatever is needed to pay your trade-in off, should you still owe on it; this is the total amount given. If this amount in not enough to pay off your trade-in, the remaining amount from your trade-in loan is factored into your lease payments. Several dealerships offer to pay off your trade-in no matter how much you owe. Pay very close attention because many times they will pay a certain amount (the Net Trade-In Allowance), and the remaining amount will be added to your lease.
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