Tred
The smarter way to sell your car.
The smarter way to sell your car.
Traditional car dealerships incur fixed costs to operate their businesses, such as physical buildings, lots, cars and sales staff. To cover those costs, dealers aim for a gross margin of 30% on used cars. In other words, when you sell or buy a used car from a traditional dealership, there is typically a difference of 30% between the price the dealer paid for the car and the price at which they sell the car.
At Tred, we don’t own physical buildings, lots, cars or sales staff – our customers buy directly from the last owner, and sell directly to the next owner. To cover our costs, we charge sellers a 5% fee at sale, and we offer buyers optional finance and insurance products such as extended warranties. Therefore, if you’re buying through Tred, you’ll get a lower price than you would from the dealership, and if you’re selling through Tred, you’ll get a higher price than you would from the dealership.