Buying a used car with a trade in....?

Ok, I have a paid off 2002 vehicle, that KBB values right around $10,000. How would it work if I wanted to trade it in on a used smaller car that only costs about $8,000???|||When you look at the KBB are you looking at the trade in value or the value if you sold it yourself?





You might want to try and sell the 2002 yourself. You'll likely make more money off of that.|||Car lots aren't going to give you KBB. They'll give you dealer trade-in pricing. You have to take it to them and they will appraise it and give you a trade price that will give them a profit when they re-sell the car (either on the lot or to another dealer). You never get what the car is worth when trading in as the lot has to make a profit as well.|||If you are looking at KBB fair condition trade in that is what you will get if car is in good condition and clean carfax. If car cost 8000 you would add tax, tag, and dealer fee and add or subtract from 10,000.00 and get total.|||It would be a seperate transaction by the dealer...