Tariffs, Car Buying, and Your Spending Power—What You Need to Know 

Thinking about buying a car this year? You’re not alone. But if you’ve been keeping an eye on prices, you may have noticed something: the sticker shock is real. One factor that can quietly push prices higher—especially for cars, trucks, and SUVs—is tariffs. 

What’s a Tariff, and Why Does It Matter for Car Buying? 
In plain English, a tariff is a tax the government charges on certain imports. For the auto world, that might mean parts, materials, or even entire vehicles coming in from other countries. When those costs go up, manufacturers and dealers often pass them along to buyers, meaning the same model could cost more this year than it did last year. 

Tariffs and Your Spending Power 
Here’s where it hits closer to home: higher tariffs don’t just affect the price of the car you want. They can ripple out into your monthly budget. You might end up spending more on the purchase price, financing, or even repair costs if replacement parts are affected. That means less wiggle room for other things you need or want—what we call your “spending power.” 

What You Can Do 
While you can’t control tariff changes, you can put yourself in a better spot to navigate them: 

• Know your numbers before you shop — Understanding your budget, credit score, and financing options ahead of time gives you more confidence at the dealership. 

• Consider the total cost of ownership — Beyond the price tag, factor in fuel, insurance, and maintenance. 

• Explore pre-approval — This can give you more bargaining power and help you stick to your budget. 

Tariffs may be out of your hands, but smart planning is always in your control—and we’re here to guide you every step of the way. 

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