Trade-In Credit
Terms and conditions for trade credits, effective January 1, 2023
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Trade-in Credit can be used the same as cash for a period of 12 months after the credit is issued.
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Trade-in Credit balance will decline monthly after the 12th month by 10% of that month’s balance. Unused Trade-in Credit will have no value at the end of the 22nd month.
Examples of Trade-in Credit
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01/01/2023 $5,000 Trade-in Credit issued
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05/01/2023 $4,000 Trade-in Credit USED
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01/31/2024 $1,000 Trade-in Credit balance at the end of the 12th month
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02/28/2024 Month 13, 10% expires ($900 Trade-in Credit balance)
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03/31/2024 Month 14, 10% expires ($800 Trade-in Credit balance)
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10/31/2024 Month 21, 10% expires ($100 Trade-in Credit balance)
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11/30/2024 All Trade-in Credit will expire after the 22nd month