Bottom line: Tred works with sellers and borrowers to make it easier and safer to privately buy a car. Its loans cover the vehicles in its inventory. But rates, terms and other information isn't available online. Read the full review.
Finder makes money from featured partners, but editorial opinions are our own.
Advertiser disclosure
Tred used car loans review
- APR
- Starting at 3.34%
Our verdict
In-house financing available — but only for the cars in its inventory.
Tred is a legit service that helps you find and finance a car from a private seller. But the lack of information on its website and negative customer reviews leave a lot to be desired. You should compare other lenders first. Much like a dealership, this lets you know what rates you can expect before you shop for your next car.
Details
Product details
| APR | Starting at 3.34% |
| Interest Rate Type | Fixed |
| Requirements | Must be in Tred's inventory |
Tred reviews and complaints
The majority of Tred’s reviews concern its high fees — and charges sellers weren’t expecting to pay. The most recent comments also had troubles with customer service and some of its policies. Unfortunately, we weren’t able to find reviews specific to its financing program. However, with so many negative customer reviews, it may be worth considering other options before using this service to buy a used car.
How Tred compares to other lenders
Select your credit score and state to view more loan options.
1 – 4 of 4
Tred rates, fees and terms
Tred works with four lenders — Ally Financial, BECU, First Tech FCU and Westlake Financial — to offer loans to buyers. This means you’ll need to apply through Tred to see what kind of interest rates and terms you can expect.
What types of car loans does Tred offer?
Tred only offers used car loans for its inventory of vehicles. If you’re not looking to use Tred as a middleman between you and a private seller, you should consider another lender instead.
Tred requirements
There isn’t much information available about eligibility criteria — and customer service wasn’t able to answer our basic questions without first applying for a loan.
Personal requirements
Because Tred isn’t directly in control of your loan, it doesn’t have any personal requirements listed on its website. However, you will likely need to have good to excellent credit and a steady source of income to qualify for the best rates.
Vehicle requirements
Tred doesn’t list any specific vehicle requirements for its loans. Provided the car is listed in its inventory, it should qualify for Tred’s in-house financing.
How the application works
To use Tred financing, you will need to select a car and sign in to your account. From here, you can select Pay with financing. Tred will ask a few basic details about you as well as your desired loan term to see if you’re a fit for one of its lenders. If you are, you’ll see one or more loan options that you can select from.
If one of Tred’s partner lenders doesn’t work in your area or isn’t able to offer a loan, you’ll also have the option to apply using your own bank. Tred will send a purchase order to your bank — which should eliminate some of the hassle of applying for financing.
What sets it apart
Tred is unique because it works with private sellers and borrowers as a middleman. It helps facilitate the process and makes it easier to pay fees. Tred is also able to ship your car anywhere in the country, although it doesn’t disclose the cost of this service.
But that’s about it, you’ll be on your own if you want more information. You’ll also risk a lowered credit score.
Because Tred only lets you apply for one vehicle at a time, taking too long to decide on a vehicle to finance through its lenders could damage your credit. Similar services, like Carvana, only require you to apply once before letting you shop for the right vehicle.
Is Tred legit?
Yes, Tred is a legitimate car-buying service and works with real lenders. But that doesn’t make it the best option. Although your application will be secure and your information safe, Tred’s high volume of complaints and uninformative website may not be up to your standards.
Compare other lenders before applying through Tred to see what terms you can qualify for. Since Tred requires you to apply for each car individually, this will help prevent too many hits to your credit score if you aren’t able to find the right option quickly.
Tred used car loans is not currently available on Finder
Have you considered LightStream Auto Loans?
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
- Same-day funding
- Up to 100% financing
- No restrictions to age or mileage
- Secured and unsecured options
- Competitive rates
Your reviews
No reviews yet.
Write a review
Kellye Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
More resources on Finder
Car loan guides
We compare the following providers
Buying guides
Need car insurance?
Loan categories