Trade In A Car For Another Car?

I have a car to trade in that is 4 years old with 84,000 miles. KBB.com says it's trade-in value is $24,500. I am looking at another car for around $21,000.



Can you guys explain to me how this works? Will I trade in the $24,500 car and get the $21,000 car plus $4,500? Or do I take out a loan? Can you even trade in a car for another used car?



Thanks.Trade In A Car For Another Car?
DO NOT tell the dealer that has the car you want that the car you are looking to get is less than your trade in. Don't tell them you are certain you are trading in your car first. Tell them you already have financing approved through your bank and that you want to test drive this new car. Then negotiate that car alone. If they ask if you will be trading in, tell them you are not sure, but you want to worry about only one thing at a time. Try to negotiate much lower than they are wanting for that new one. Then once you have came up to a good agreement on that, say you would like to see what they will give you for your trade in, just to see. They will come back lower than 24500. Tell them you already checked it out on KBB and you came up with 25000 and there is no way you will let it go for less. They will probably tell you they go by NADA, so check out the trade in on there too. I also look at Edmunds just to have all three adn I print them out and bring them with me in a folder so you can say RIGHT HERE..



If there is any left over, they will cut you a check you can take to your bank although they will do their damnedest to not have any extra. Also, have your trade in clean and looking nice when you bring it up there.Trade In A Car For Another Car?
It is all up to the dealer you work with, and they're always and only looking for their own advantage.