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Tred

Tred
Overall Satisfaction Rating 3.40/5
  • 5 stars
    3
  • 4 stars
    0
  • 3 stars
    0
  • 2 stars
    0
  • 1 stars
    2
Based on 5 ratings
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    Tred.com is a website dedicated to helping both buyers and sellers save money when buying or selling a car online. Tred cuts out the middleman by acting as a broker but without charging the usual high broker fees. Tred only accepts private dealers. The site helps with transactions and logistical issues like taxes and title transfers, and they also inspect cars to make sure they are fit for sale.

    BOTTOM LINE

    Tred offers the best of both worlds - the assurances of buying a vehicle from a dealership with the comfort and ease of buying from an individual.

    PROS

    • Personal sellers
    • Minimal broker fee
    • Help with paperwork and payment

    CONS

    • Limited selling areas

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        Are you this business?

        What is Tred?

        Tred is an online car buying site that specializes in selling low-cost vehicles from private sellers. You can both buy and sell cars from Tred.

        Types of sellersPrivate sellers
        Selling areasSeattle, Portland, San Francisco, Los Angeles, San Diego, San Antonio, Austin, Dallas, Houston
        Shipping availableYes
        Buy or sell a carYes
        Features for buyersExtended warranties, GAP insurance and buyer financing
        Features for sellersTred’s Monthly Vehicle Value Report, minimal broker fee
        Other featuresMobile app, vehicle inspections

        How does Tred work?

        Buying a car from Ted is simple because Tred does more than simply sell cars; it also helps with logistics and paperwork, including registration, title transfers and taxes. Tred bases its success on cutting out the middleman by acting as the broker, but without charging a typical broker’s fee. That helps both the buyer and the seller save money on the exchange. Tred also helps guide payment between the buyer and seller. Dealers cannot sell vehicles through Tred — only private sellers are accepted.

        Tred cost

        Tred’s business model means they are able to save the money traditional brick-and-mortar dealers have to spend on overhead. These savings are passed on to both buyers and sellers, making some vehicles on Tred cheaper than similar cars you’ll find at a local dealership. Still, with a wide range of vehicles at both low and high price points, it’s difficult to predict what you will pay for a vehicle from Tred. The best way to find out is to visit Tred’s website.

        Buying a car on Tred

        You can use several filters while looking for a car to narrow down your search. From the search results, you can look at pictures, cost, mileage and estimate the monthly payment. Tred ensures the legitimacy of both buyers and sellers by taking several important steps. Every vehicle undergoes an accident history and mechanical check to see if it is appropriate for sale. Buyers and sellers must download the Tred mobile app, snap a photo of their driver’s license and take a photo of themselves for identification purposes. 

        Tred also facilitates payment, a rare feature among online car buying sites. One downside of Tred is that it only allows for sellers in a few select areas: Seattle, Los Angeles, San Diego, San Antonio, Austin, Portland, San Francisco, Dallas and Houston. However, buyers can buy from anywhere in the United States and shipping is available.

        Selling a car on Tred

        You can sell your car through the Tred website where you can set the selling price and also receive help with loan repayments. They can provide extended warranties, GAP insurance and buyer financing. Tred’s Monthly Vehicle Value Report helps you keep track of your car’s worth and any subsequent fluctuations.

        Tred performs an inspection for every vehicle. This added assurance goes a long way in demonstrating to potential buyers that the vehicle is in good condition and ready to sell. Tred claims that their business model, which doesn’t require payment to salespeople, means sellers can keep a larger portion of the money in the sale.

        Is Tred worth it?

        Tred is worth it if you are looking to buy from a private seller but also want the reassurances that traditionally come with buying through an established dealer. Tred provides peace of mind by dealing with typically tedious and stressful components of buying a car, like title transfers and tax work. For many Tred reviewers, this online car buying site is a welcome reprieve from the chore of buying or selling a car.

        Tred Reviews

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        Page 1 Reviews 1 - 5
        Rated with 1 star
        Verified Reviewer
        Original review: March 20, 2020

        In my price bracket the charge was $9 to list the car and $99 when they get the car sold. They list in a lot of places so that sounds like great value BUT:

        I got very very little interest through their listings, I am still not sure why, all the interest (over 90%) came from my own listings on FB marketplace and CraigsList. I was still fine with this, since it only cost $9. After I sold the car, completely outside of TRED I was charged the full $99. I was given absolutely ZERO notification of this, no message, email, invoice, nothing. I just noticed it on my CC charges.

        When I complained I was referred to a section at the bottom of the terms of use small print which says that if you get any contact with a potential buyer at all this fee applies. It is hugely different from their main advertising upfront. So be aware that what you are buying is not getting your car sold, not anywhere near that, you are just buying one message... They then fought me on it and told me I was getting great value.

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        Rated with 5 stars
        Verified Reviewer
        Original review: Feb. 26, 2020

        Neither the seller nor I had ever used the app. It went very smoothly considering some minor hiccups. Using the app was easy. Once we agreed to the price, the transaction went very smooth. After immediately paying for the vehicle, the paperwork was/is a bit confusing because the instructions are about heading to a FedEx facility, where no one at the FedEx place had any idea what we were doing. But it isn’t rocket science, so with a few, do this and do that, and email forms here and print. The transaction was very fast. Fortunately the seller had the vehicle 99% ready to go, and I had brought a friend to drive the car we came to do the test drive in back. Don’t forget to get the Pre-Paid envelope from the seller!!! I didn’t know he was suppose to give it to me. And he may have forgotten. Other than that, no complaints. It was super easy and if I sell I car, I would gladly sell it on TRED.

        2 people found this review helpful

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          Are you this business?
          Rated with 5 stars
          Verified Reviewer
          Original review: Feb. 19, 2020

          What an easy, seamless experience! I was worried about selling my car, and almost accepted the dealer's offer before deciding to give myself a week with the car posted on TRED and Craigslist. Every buyer on TRED was a serious buyer (versus many clear scam attempts from Craigslist) and the messaging platform made it easy to communicate with buyers, schedule test drives, and negotiate prices. I followed their advice on how to price my car and, within 6 days, sold it for 95% of asking price (and 50% more than the dealer had offered me)!

          TRED was 100% worth the fee, simply for the peace of mind, guidance through the process (I had never sold a car before), and ease of receiving the money from the buyer. They were attentive when I called, and I'm so relieved I never had to go to the DMV -- one less thing to worry about in an already hectic time! One improvement recommendation -- would be good for sellers to understand more of what the buyers need to do in each step as well, like clicking to confirm that they received the keys. I ensured that the buyer did this before leaving the vehicle with him, but I don't think TRED indicated that this was something I should confirm is done.

          Read full review
          3 people found this review helpful
          Rated with 5 stars
          Verified Reviewer
          Original review: Feb. 10, 2020

          We had an absolutely fabulous experience with TRED. It was easy to post the car (TRED was the only website that gave me solid advice on pricing and the right photos), respond to people that were interested and process the sale. When I had a few questions along the way and called them service desk...they were so helpful and knowledgeable. It really was a pleasant experience with no BS and super fair. This service delivers 100% on what they promise...such a rare thing!!

          3 people found this review helpful
          Rated with 1 star
          Verified Reviewer
          Original review: Oct. 17, 2019

          I purchased a vehicle in July in which I paid cash. It is now October and i have not received the tags, registration or title. TRED blames it on a third party whom they use to process the paper work. They say that the third party has lost documents. No one at TRED can give me an answer on where we are in the process or how much longer it will take. I will never use this service again. Buyers beware!

          16 people found this review helpful
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            Tred Company Information

            Company Name:
            Tred
            Website:
            www.tred.com