TRED offers is service in 13 cities. Along with Jacksonville, it is adding marketplaces in Tampa, Orlando and Miami. It’s also available in Texas, California, Oregon and Washington.
TRED founder and CEO Grant Feek said the company selected Jacksonville because of its size and younger population, a target demographic for TRED.
The company will have an office in Tampa to handle its Florida operations.
Car buyers can use the TRED website to search, ask the seller questions, set up a test drive, negotiate the price and pay. TRED offers financing or the buyer can use their own. Payment can be with credit/debit card, wire transfer or bank transfer.
Sellers provide TRED information about their cars and the company can help them select a price. The car is then listed on the TRED marketplace.
Once the seller and buyer agree on a price, the buyer pays through the TRED site and the company transfers the payment to the seller. The seller then mails the title to TRED.
TRED charges a fee that is taken out of the money sent to the seller. On cars up to $17,000, sellers pay a $499 fee. On cars more than $17,000, sellers will pay a fee that’s 3.99% of the sale price, capped at $1,499.
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