Are you looking for a Tred.com review? But you may wonder if it is a scam.
Anyone who has ever tried to buy or sell a car knows how stressful the experience can be.
Searching for a car is tedious because you have to consider so many alternatives, haggle with salespeople, test drive vehicles, and try to get good credit. Selling a car is a complicated process that involves advertising your vehicle, setting a fair price, and dealing with many legal documents.
However, with the advent of TRED, the process of buying and selling a car has become much more streamlined, convenient and cost-effective. Read on for additional information and a thorough review of TRED.
As a disclaimer, I’m not affiliated with Tred.com. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to Tred.com that has enabled me to make a full-time passive income online.
What Is TRED?
Buying and selling motor vehicles is just another example of the many activities that have moved to the Internet in recent years.
Why should we waste time and money going to a car dealership where we are likely to be taken advantage of by wily salesmen? Why can not we just make a deal, set the terms, and find a buyer or seller who has what we are looking for?
TRED is an exchange that makes buying and selling vehicles online easier and simpler. The Internet makes it easy to sell your car or search for your next vehicle.
You can also take care of the transfer of ownership, registration and other legal formalities required when selling a vehicle.
How Does Tred Work?
To buy or sell a used car, visit Tred, an online marketplace where users trade directly with each other.
Tred works much like a broker, but with more favorable terms. Tred also helps with legal documents, including but not limited to:
- Title transfer
- And so on
That’s what Tred lets you do:
- Use the internet to sell your car. The organization inspects all cars to make sure they are in good condition. This shows potential buyers that the vehicles are in good condition and ready to sell.
- Post your vehicle on dozens of websites so more buyers can contact you.
- You’ll get paid and keep a larger share of the sale proceeds.
If you want to know how much your car is worth and whether it has gone up or down, you can use Tred’s monthly vehicle price report.
Tred offers a variety of filters to help you narrow down the results of your vehicle search. You can select a vehicle after seeing the associated pictures, price, mileage and estimated monthly payments.
Tred takes the following measures to maintain credibility on both sides:
- Tred investigates every accident history and thoroughly checks every car to see if it can be sold.
- Both parties must install the Tred app.
- For identification purposes, you must upload your driver’s license and a photo.
Does Tred Work?
Yes. Although there are many Tred complaints on the Internet, the website actually facilitates the buying and selling of cars.
Since its inception in 2012, Tred has been providing customers with marketing and sales services for their cars through a peer-to-peer platform.
Companies that constantly let their customers down don’t last long.
How Does Tred Make Money?
In addition to the purchase price, the buyer is charged a documentation fee to cover the cost of services such as temporary permits, tax processing, title and registration, and transaction insurance. The cost varies by state from $80 to $199.
Premium ads for sellers on Tred offer extras such as additional photos and a $20 gift certificate for a car wash. Premium ads cost between $4 and $19.
There is also a vehicle certification system that offers buyers a three-month, 3,000-mile warranty. There are also vehicle-specific certification fees.
When your car is sold, you will also have to pay a sales fee of either $99 or 0.99%.
Sellers who deactivate their listings after a sale to a Tred-referred customer also pay a deactivation fee, which ranges from $9 to $99 depending on the vehicle.
How Much Can You Get for Your Car With Tred?
If you sell your car with Tred, you can expect to make more than $1,000. For example, if you own an Audi Q5, you can make up to $13,000 by selling it.
Who is Tred Best for?
Tred is for anyone who wants to sell new or old cars online. Individual car buyers can also use the service.
What Types of Vehicles Does Tred Purchase?
Tred frequently buys used Audis, Chevrolets, Fords, Hyundais, Lexuses and other luxury brands.
How Fast Can You Sell Your Car With Tred?
Selling a car through Tred usually takes between two and three weeks. Since you set the asking price, you can set the duration of the sale at your discretion.
There is a cost associated with both buying and selling vehicles on Tred. To complete our Tred review, we will examine the Tred seller cost of selling a vehicle.
Car Listing Fee
Tred charges a monthly fee of $4 to $19, depending on the value of the car being sold. The cost of filing paperwork with the authorities and conducting lien inspections is covered by this monthly fee.
If you’re willing to spend $4 – $19 more, you can increase the visibility of your listing (depending on the price of your vehicle). If you expand your listing, you can include 30 additional photos of your car.
If you expand your listing, you’ll receive a $20 car wash voucher. In this case, it’s possible that improving the quality of your Tred listing will lead to better results.
You must pay either $99 or 0.99% of the final selling price of the vehicle if it is to be placed on the market.
You will be charged a $4.99 to $99.99 restocking fee if you decide to cancel your listing on Tred without selling your vehicle first.
Tred Payment Options
When you accept an offer from Tred, the buyer’s payment is collected and transferred to your account via wire transfer. The company will take care of all the necessary documentation, so you don’t have to worry about it.
How Does Tred Financing Work?
While Tred is not a lender itself, it does work with reputable lenders, including Ally, BECU, First Tech, and Westlake Financial, to name a few. The financing alternatives they offer through these collaborations are highly competitive and offer convenient repayment plans.
Does Tred Inspect Cars?
Tred does not perform its own vehicle inspections, but works with third parties. Tred will pay for a thorough inspection by a licensed mechanic for any vehicle that needs an inspection.
Does Tred Ship Cars?
Tred provides shipping services within the United States, excluding Alaska, Hawaii and other coastal areas.
Does Tred Do Trade-Ins?
Tred accepts trade-ins, you read that right. You can trade-in your car and receive a Tred Trade Credit offer that applies to the purchase of any vehicle on the Tred website.
Tred reserves the right to change the amount of the trade-in credit based on the condition of your vehicle at inspection and/or pickup.
Does Tred Charge Tax?
Tred adds sales tax and other taxes associated with buying a car to the sale price. As expected, title and registration cost money.
Is Tred a Scam or Legit?
When it comes to selling your used car fast, Tred is a legitimate option.
The startup has received a mixed reception from its customers, earning a 3.8 rating on the App Store but only a 2 on Trustpilot. Most users reported that they were able to sell their vehicles quickly thanks to the site.
They also praised Tred’s ease of use when it comes to buying and selling vehicles. Car sellers who use Tred often express dissatisfaction with the $120 service fee and other associated costs.
Where is Tred Available?
Only a few U.S. states currently have access to Tred. To see if you can sell your car through Tred, check out this list of states:
- San Diego
- Los Angeles
- San Antonio
- San Francisco
Tred Reviews and Complaints
As with any business, opinions about Tred vary. A significant number of people have voiced their displeasure.
After reading through hundreds of complaints, I can say that while some are valid, others are based on a misunderstanding of what Tred actually is.
While sites like AutoTrader and Craigslist allow direct transactions between buyers and sellers, Tred is not a pure marketplace. On the contrary, Tred provides a comprehensive service that requires all trades to take place within its ecosystem.
The same goes for its ability to guarantee a purchase.
There are numerous reports of sellers being charged a deactivation fee if they decide to delete their listing and do business with a buyer offline.
This is included in the terms and conditions, but Tred had better communicate this to sellers.
Section 4.8 states, “you expressly agree that you will not use the Service to find an End Buyer and then complete a transaction independent of the Service, in order to circumvent the obligation to pay any fees related to the Service.”
I don’t know how to answer the people who complained that they couldn’t sell a car on the platform. As far as I know, there are no sites that can guarantee that, unfortunately.
Tred has refunded everyone who was charged a deactivation fee after they removed their listing because they couldn’t sell their car.
Some consumers have legitimate complaints, and I do not support Tred (nor am I affiliated with them). On the other hand, I do not know the details of these cases, and there are usually two sides to every story.
Of course, Tred has his weaknesses. Still, I believe that one’s perspective is essential.
Ford Motor Company, for example, has received over 900 complaints and has a current BBB rating of 1.15 out of 5. Tred’s current rating of 2.95 is about three times Ford’s, but I doubt many would argue that he is actually that much better.
It’s inevitable that the number of dissatisfied consumers will be greater than the number of satisfied consumers when it comes to rating a business online. However, that doesn’t mean that people’s legitimate complaints don’t deserve attention (I’ve had dissatisfied customers, too).
However, I point out this disparity because we rarely hear from the vast majority of satisfied customers.
Tred Pros & Cons
- 30% cheaper than traditional car dealerships
- Provides a monthly vehicle valuation report to help you with pricing.
- It protects you from fraud and matches you only with reputable buyers.
- Helps you take care of paperwork and other important tasks
- There are only 13 states where it is available.
- If you wish to deactivate your listing, you will be charged up to $99.
How Good is Tred Support?
Tred’s documentation is extensive and covers a variety of topics in the form of FAQs, blogs, and articles. As an added bonus, you can learn where to sell or buy a car and how to do it.
Select “Contact Us”, enter your questions or concerns, and submit your inquiry. What’s more, you can;
- Call Tred at (800)948-8733
- Email Tred at [email protected]
- Live chat – at the bottom right corner of the page, click the blue chat button
Alternative Sites Like Tred
Tred vs. Peddle
Peddle is an online marketplace where you can sell a car in any condition, from immaculate to junk. Like Tred, Peddle lets you sell your car without requiring a title.
Compared to Tred, which is free, listing a car on Peddle costs between $4 and $19.
In summary, both websites are trustworthy marketplaces where you can sell your used car.
Tred vs. Wheelzy
Wheelzy is a free online marketplace for buying and selling vehicles. Similar to Tred, Wheelzy takes care of all the administration.
Just like Peddle, Wheelzy will make you an offer on your vehicle and buy it from you at a fair price. Get a quick quote in minutes or put your car up for bid on Wheelzy.
With Tred, on the other hand, a potential buyer has to come to you if they’re interested in your vehicle. However, you can sell your old car on any website and get a decent amount of money.
Tred vs. eBay Motors
With eBay Motors, a popular car selling service on the site, you can get great discounts on new and used cars. Just like Tred, eBay Motors membership costs nothing and is free to use.
Comparing eBay Motors’ fees to Tred’s, which range from $4 to $19, it’s clear that eBay Motors is the more expensive option.
While Tred gives you two to three weeks to sell your car, eBay Motors’ turnaround time is one to seven days. Tred is ideal for used cars, but eBay Motors is the place to go for auto parts.
Tred vs. CarMax
CarMax is an alternative to Tred if you’re trying to sell your car to a reputable used car buyer and seller.
CarMax, like Tred, thoroughly inspects each vehicle before putting it up for sale. Customers can pick up vehicles with more confidence knowing they’ve all gone through quality control. Selling your car to CarMax is a simple process. Vehicles with minor defects, such as a malfunctioning engine or blown lights, are still welcome at CarMax.
Unlike Tred, CarMax offers no assistance with legal issues or related paperwork. You’re on your own when it comes to completing all the necessary paperwork and procedures. Right down to the fees, which are $100 to $400 higher than Tred.
How long will it take to get paid after my car sells on Tred?
There may be a delay of up to three weeks in receiving your payment.
How do I stay safe on a test drive?
Below are some precautions that Tred believes you should take before test driving:
- Fix a time and date.
- Bring someone with you.
I lost my title. Can I still sell my car with Tred?
Yes. Even if you’ve misplaced your vehicle title, Tred will help you sell your car. Tred will work with you to find a new title if you tell him the circumstances.
Where is Tred headquartered?
Tred’s main office is located in the Emerald City.
Tred Review: Final Verdict
Tred is a popular platform for buying vehicles online. It makes it easy for its users to buy and sell cars, offering favourable terms and helpful customer service.
You get a monthly car report, a thorough inspection of each vehicle, and confirmation that all buyers have passed a background check and identity verification.
If you sell a car through the service, you can make more than $1,000. Tred takes care of all the tedious work and paperwork. This way, you’ve more mental bandwidth for the tasks at hand.
However, there are some customers who’re not satisfied with the replenishment costs.
Also, some have said that the three-week wait time on Tred to buy a car is too long. Other than that, Tred is a great marketplace for buying and selling used cars.
Best Alternative of Tred.com to Make Passive Income
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.