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3. Extravagantly update car, finally, and exchange Ford for Ferrari, perhaps

Alternative clues for the word tradeup

• Switch to a new model, say
• Business is booming, so get something more expensive
• Improve the family car
• Get a bigger car, say
• In a crossword this could be rated an improvement
• Switch to a better model
• Swap the old for the new
• Replace one's old car with a better one, say
• Get a better car, perhaps