Can I trade in an older car for a new one at a dealership?

I have a Lexus SC400 1992 in decent condition. I want to trade it for a Honda fit 2015 or something similar. I need to finance the new car with monthly payments so I am thinking the sc400 will cover most if not all of the down payment. How does this work normally? Do they accept trade ins this old?

Read more: Can I trade in an older car for a new one at a dealership?