trade something ↔ in phrasal verb ( see also ↑ trade )
to give something such as a car to the person you are buying a new one from, as part of the payment
trade something ↔ in for
He traded his old car in for a new model.
⇨ ↑ trade-in
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THESAURUS
▪ exchange to give something to someone, and receive a similar thing from them at the same time. Exchange is often used about people telling each other about their ideas, phone numbers, addresses etc:
They exchanged photographs before they met.
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a place where people can exchange ideas
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We exchanged email addresses.
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if you are unhappy with the jacket, you can always take it back and exchange it for another one.
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These coupons can be exchanged for meals and accommodation.
▪ change to exchange something, especially money. Also used in British English about exchanging something you have bought for something different:
I need to change some dollars.
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She changed all her money into euros.
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We thought it was time we changed our car for something more modern.
▪ swap ( also do a swap British English ) informal to give something to someone, who gives you something similar:
The two schools use the Internet to swap pictures, stories, and jokes.
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I like your room better – do you want to do a swap?
▪ trade ( also do a trade American English ) to exchange something that you have for something that someone else has:
The stolen phones are being traded for drugs.
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The boys trade sports cards on the playground.
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We've got lots of plants we don't need – do you want to do a trade?
▪ switch to change the places of two or more people or things, so that each one is in the place the other was before:
Can I switch seats with you?
▪ reciprocate to do or give something, because someone has done or given something similar to you – a rather formal use:
They invited us to dinner a while ago, and I'd like to reciprocate.
▪ in exchange/return (for something) if you give something in exchange or in return for something else, you give it in order to get something else back:
Williams will plead guilty in exchange for a reduced sentence.