What is a Bumped Value?
A bumped value is an inflated trade-in-value that represents what you received for the game, and not it’s standard trade-in-value. For example, if you have 3 (three) $8 (eight dollar) games and are utilizing the T3G1F for a new, $69.99 game, each game will have a “bumped” tiv of $23.33 to cover the cost of the game. Trading these games in for credit would have only netted you $24, while the T3 gave you $70.
Related Questions
- Rateable Value Q: A premises has 50% of their rateable value waived as a charitable organisation. How should the applicant calculate the rateable value of the premises for conversion purposes?
- A customer has an Open Value agreement that is due for renewal. Can they opt out of the agreement?
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