The protagonist of the song talks about meeting a new version of themselves and feeling disconnected from their old self. They express regret for past mistakes and desire a fresh start with a new woman while lamenting their previous choices and influences. The lyrics explore themes of self-discovery, regret, and the desire for reinvention.

Meaning of "Trade In" by Lou Reed

"Trade In" by Lou Reed delves into the idea of personal transformation and the desire for reinvention after recognizing past mistakes and shortcomings. The protagonist reflects on the concept of multiple selves within one individual and how certain experiences can lead to a disconnect from one's past identity. They express regret for listening to negative influences and allowing them to shape their decisions, ultimately leading to a desire for change and a newfound appreciation for a potential partner. The song highlights the complexities of self-reflection, growth, and the pursuit of a better life through the metaphor of seeking a trade-in for a fresh start with a new chance at happiness.