Fri May 23 2025, by Tyler Gardner

Car BuyingAutomotive TrendsFinancial AdvicePodcastMarket Analysis

Why You Should Consider Buying a New Car Right Now

If any of this is helpful, tune into my new podcast, Your Money Guide on the Side, by clicking the link in my bio.

1. New Potential Tariffs

The U.S. has announced potential 25% tariffs on imported vehicles. This could raise car prices by $2,500 to $15,000, depending on where the car and its parts are made. There's a reason dealerships are currently marketing pre-tariff deals. This might be the one time they're not full of baloney!

2. Certain Models Might Vanish

Dealerships already have a low supply on certain minivans and compact models. As automakers adjust production, some cars could be pulled from their lineups altogether. So if you know what you want, find what you want—it might be time to buy what you want!

3. Rising Costs of Repairs

Even that 10-year-old used beater might get more expensive. Tariffs on auto parts are coming too, which means repairs and insurance could, and will, rise. So whether you're buying new, used, or holding tight, your costs may go up.

Conclusion

So if you're in the market and see the right car at the right price, buy it before someone else beats you to it!

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