A new car dealer can offer a reduction in the list price of a new Ford pickup truck by offering you a __________ of $1,000 for your 1998 Nissan.
A)cash discount
B)functional discount
C)seasonal discount
D)trade-in allowance
E)promotional allowance

Question

Quizplus · Accepted Answer

A trade-in allowance is when a dealer offers a reduction in the price of a new purchase by taking a used item in as a partial payment. In this case, the dealer is offering a reduction of $1,000 for the customer's 1998 Nissan pickup truck, which is a trade-in allowance.

A New Car Dealer Can Offer a Reduction in the List