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Tred

Tred

 3.4/5 (45 ratings)
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About Tred

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Tred.com is a website dedicated to helping both buyers and sellers save money when buying or selling a car online. The company cuts out the middleman by acting as a broker but without charging the usual high broker fees. Tred accepts private dealers only and helps with transactions and logistical issues like taxes and title transfers. It also inspect cars to make sure they’re fit for sale.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Pros

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

Cons

  • Limited selling areas
  • App doesn’t have all features

Bottom Line

Tred is an online marketplace of person-to-person vehicle sales. It promises low fees, provides access to financing and helps with the logistical processes of buying and selling cars.

Top Tred Reviews

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Rated with 5 stars
Verified

I have sold multiple cars to private parties in past 15 years, this is the best and easiest of all. Car selling/buying always has that ill feeling of getting scammed or low balled...

Read full review
Rated with 5 stars
Verified

The process of selling a car via private party can be cumbersome. ... Tred solves this problem. ... I sold a car to an out of state buyer and am really happy with how this worked ...

Read full review
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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.

In some cases, Tred ships vehicles to the buyer. The company gives buyers access to extended warranties, gap insurance and financing and provides sellers with its Monthly Vehicle Value Report. Tred also promises to charge sellers a minimal broker fee.

The company offers a mobile app for both buyers and sellers and also provides vehicle inspections.

How does Tred work?

Buying a car from Tred is simple because the site 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, acting as the broker without charging a typical broker’s fee. This 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.

Buying a car on Tred

When buying a car on Tred, you can use several filters to narrow down your search. From the search results, you can look at pictures, cost and mileage and estimate the monthly payment. Tred ensures the legitimacy of both buyers and sellers by taking several important steps:

  • Each vehicle undergoes an accident history and mechanical check to see if it’s 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, which is a rare feature among online car buying sites. One downside of Tred is that it only allows for sellers in a few select areas, including:

  • Seattle
  • Los Angeles
  • San Diego
  • San Antonio
  • Austin, Texas
  • Portland, Oregon
  • San Francisco
  • Dallas
  • Houston
  • Tampa, Florida
  • Miami
  • Jacksonville, Florida
  • Orlando, Florida

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; you set the selling price and can get help with loan repayments. Tred 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 its business model, which doesn’t require payment to salespeople, means sellers can keep a larger portion of the money in the sale.

Tred fees

Tred has fees for both buying and selling vehicles through the website. Seller fees include:

  • Upfront publishing fee: This is a monthly fee that covers the cost of registration and lien checks, as well as identity verification of potential buyers. The fee is $9 monthly for listings under $10,000 and $19 monthly for cars higher in price.
  • Selling fee: This fee is paid at the time of sale. It will either be $99 or 0.99% of your selling price — whichever is greater.
  • Listing upgrades: Sellers are able to upgrade from a basic to a premium listing. This lets sellers add 30 more photos and provides a $20 car wash coupon. The cost to upgrade your listing is $19.
  • Restocking fee: If you choose to deactivate your listing despite connecting with a potential buyer, there is a restocking fee of $99. This helps to cover the costs of marketing your vehicle and is not paid until deactivation.

Buyers are only subject to one Tred fee: a documentation fee. The cost of this fee varies by state. It helps Tred cover the cost of insuring your transaction, title and registration, temporary permits and more. This means buyers don’t pay high fees to buy through Tred.

Tred financing

With the company’s financing plans, Tred promises market-leading rates, with interest rates as low as 3.34%. There’s also an option for every credit score.

Vehicle listings include estimated monthly payments. These estimates are based on a 72-month term and $0 down. To get a better idea of your interest rates, terms and down payment amounts, request an estimate.

Tred FAQ

Does Tred ship its vehicles?
Tred does work with partners to offer shipping if needed. This service comes at an additional fee.
How does Tred make money?
Tred makes money through fees paid by both sellers and buyers. These fees include:
  • Publishing fees
  • Listing upgrades
  • Selling fees
  • Restocking fees
  • Documentation fees
How does Tred market your car?
Tred markets your car by listing it on more than 20 high-profile websites, including:
  • Allstate
  • CarsForSale
  • Kelley Blue Book
  • Facebook Marketplace
  • AutoTrader
Do I qualify to sell a car on Tred?
Tred has a number of eligibility requirements and rules for selling a car in its terms of use. Some of these rules include:
  • You must complete a vehicle safety assessment.
  • The vehicle in question must have a clean title.
  • If your vehicle requires inspection, you must take it to a certified mechanic promptly.
Does Tred have an app?
Tred does have an app. The Tred app is available for both Android and iPhone devices.

Is Tred legit?

If you’re looking to buy or sell a car, Tred is a legitimate option to consider. The company promises sellers will make 30% more than they would with a broker. Buyers, on the other hand, will pay 30% less than dealer prices for their purchase. It also promises much lower fees for sellers.

Tred takes the stress out of selling a vehicle by handling all the small, mundane tasks such as DMV visits, paperwork, marketing, buyer vetting and other organizational needs throughout the selling process. All sellers have to do is list their vehicle and coordinate test drives.

Tred Reviews

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How do I know I can trust these reviews about Tred?
How do I know I can trust these reviews about Tred?
  • 3,303,146 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 5
Rated with 5 stars
Verified Reviewer
Original review: Jan. 15, 2021

I have sold multiple cars to private parties in past 15 years, this is the best and easiest of all. Car selling/buying always has that ill feeling of getting scammed or low balled, etc.. Had the best experience from start to end, no complaints. Here are the reasons I would recommend TRED to others:

# Ace of marketing your vehicle: Pay small premium and TRED takes care of posting the ad to multiple sites and also guides the way down to pricing till getting the best value.
# Easy Steps: Easy to understand steps and next steps on every single steps.
# Secured: TRED verifies the authenticity which reduces the risk of getting scammed. Note Reduces the risk but don't eliminate so buyer/sellers use caution as usual.
# Information on your finder tip: Great app which has realtime status updates and customer servers.

# Less everything: Less documents, Less stress, Less Government process, etc.

4 people found this review helpful
Rated with 5 stars
Verified Reviewer
Original review: Oct. 30, 2020

As you may know, the process of selling a car via private party can be cumbersome... You have to handle large sums of money, provide a title, complete registration transfer paperwork. Tred solves this problem. The peace of mind is worth the cost. I sold a car to an out of state buyer and am really happy with how this worked out. Price for the service is fair...Buyer was happy. Would recommend to a friend. Took out all the headache of selling a car myself. I wish ya'll the best of luck.

5 people found this review helpful

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    Rated with 5 stars
    Verified Reviewer
    Original review: Oct. 22, 2020

    This site made things so easy for me. My car literally was sold within 24 hours of me listing it. It's cheap to set up and completely worth it! They took care of all the paperwork and money transfers.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer
    Original review: Sept. 8, 2020

    Flawless first experience selling through Tred. I sold my 2013 Ford Escape for the asking price and more than double the car dealership trade-in value. Tred was super responsive for my questions and helped close the deal in under a week with my buyer. They're awesome and will disrupt the used car market for sure! Keep it up!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer
    Original review: Aug. 24, 2020

    I signed up with TRED to sell my car on Monday, and it sold on Tuesday--yes, the very next day! I will definitely use this service again. I doubt that I will ever again trade in a vehicle to a dealership. There is no easier way to sell a car.

    Gina R.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: July 19, 2021

    Where are the 5 star reviews coming from???? Tred can't follow-through on anything and they gave us misinformation multiple times. Not going to sell any other vehicles with them! Although we sold our vehicle on Tred, it was such a pain afterwards. We were told that they do all the paperwork and take care of DMV transfer, etc. Well, nope. We asked them where we send the title to and they told us "DO NOT SEND US THE ACTUAL TITLE, WE JUST NEED A COPY",...we thought it was strange to not want the actual title, but we did what they asked and sent them a copy of the title. Then 2 months after the sale, in a huff, they wanted the actual title, stating that they originally gave us the wrong information,...so we sent it to them.

    Then, about a month after that (so 3 months after then sale), the DMV sent us a letter "YOUR VEHICLE WILL BE SUSPENDED",...what???, we didn't even own it anymore! When we called Tred they said they don't take care of that and it should have been on our checklist from them. When they looked into it, they realized they didn't put it on our checklist. Then after speaking to DMV they said that Tred can do that paperwork, they just didn't want to. Honestly, we could have sold it ourselves quicker and we wouldn't have to deal with Tred giving us incorrect information.

    Be the first one to find this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: July 2, 2021

    I saw a Tesla Model X 100D advertised on TRED. After a back and forth between TRED and the owner I completed the sale. The vehicle was then shipped to me, and imagine my surprise when the vehicle that arrived was not a high-end 100D but rather the least expensive 75D. I verified the smaller battery pack with Tesla, and TRED is telling me that they use NMVTIS to verify VIN including build and insist it is listed as 100D. It only charges ~70kw, and Tesla insists it is 75kw so it feels like I got scammed. I don't know that it was an intentional bait and switch but what I received was not what I thought I was buying.

    3 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: June 10, 2021

    I purchased an Audi S4 Avant from 2007, owner lied and didn’t turn over full review, car needed 9.5k in repairs after buying it for 10k. I contacted the mechanic and he sent me the paper he had on file. I sent it to TRED. Tred said that there was no proof the owner lied. Tred still hasn’t sent me my tags either. 4th set of TEMP tags, constantly hung up on while trying to call them. GARBAGE COMPANY! I’m sitting on hold right now actually. It's so frustrating. I lost so much money on a broken car, I don't have a problem repairing a car, but I was lied to and continue to be treated like I’m not a paying customer. Spend your time and money elsewhere please.

    5 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: March 19, 2021

    I listed my van on TRED. They posted it on Auto Trader, KBB, etc... The post instructed potential buyers to call a number that was not in service. A TRED representative told me that the number was added by Auto Trader, but after checking other listings for my van, I found the number there too. I also tried to message myself through Auto Trader and KBB and found that interested parties were only given an automated email from TRED telling them to reach out on TRED. I quickly lost trust in their service and removed my listing. Upon deleting my listing on TRED, perspective buyers were then sent an email saying my van had been sold and to check out other vehicles on their site. I have requested a refund from TRED, but have yet to hear back.

    10 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 12, 2021

    I was charged $99.00. Didn't sell my car on Tred and didn't even completed my account. They are asking for your driver license and all other stuff. I cancelled my account like the chat person told me over the chat. You can't call them. They don't have a phone support. Complete scam.

    9 people found this review helpful
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    Tred Company Information

    Company Name:
    Tred
    Website:
    www.tred.com