Your Money Minute Car Buying Is Tougher 5/14/25
May 14, 2025
Car buying is becoming increasingly complicated due to new tariffs on foreign vehicles. The podcast dives into the confusion surrounding pricing and the delays caused by these tariffs, making it tough for buyers to get accurate cost estimates. It also highlights the struggles that dealerships face in navigating this challenging landscape. This insightful discussion reveals the ripple effects of these economic changes on consumers and the car market.
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Tariffs Complicate Car Buying
- Car buying has become confusing due to multiple tariffs impacting finished foreign cars and auto parts.
- This complexity affects the pricing and availability of new vehicles for consumers.
Dealer Struggles with Pricing
- Rick DeSilva Jr. described customer confusion around a 25% tariff on imported cars.
- Dealers often don't know exact prices for ordered cars, complicating purchase decisions.
Avoid Deposits Without Price Clarity
- Dealers advise against requiring customers to place deposits on ordered cars when pricing is uncertain.
- Customers should understand that exact costs may not be known until the car arrives.