Originally Posted by kscarrol
Done this before. Technically the dealer accepts your car for trade in (reducing the net sales price and therefore sales taxes in many states) then immediately sells the car to a buyer who has already agreed to the purchase. If you can arrange it the dealer will usually gives you a somewhat higher trade in value as they take no risk on having to sell the car off their lot...
Nice. How do they find the buyer for your current car? Is it basically "on consignment" to the dealer, until they find a seller?