Usually involves physical goods, especially vehicles, appliances, or electronics, emphasizing the upgrade aspect.

Upgrading Items

The old item has some value and discounts the new purchase, not a straight swap.

Value Perception

The trade isn't always one-for-one; condition and model affect the trade-in value.

The term can be used for any items or assets, not just those of the same type.

Often related to business and commerce rather than personal items.

Can imply international or cross-border exchange of goods or services.