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A new proposedtariff on foreign carsis anticipated to take effect on April 2, 2025.
After that date, Americans looking to buy a car may pay more for one.
Here are four ways tosave on car purchasesbefore proposed tariffs hit.
go for the Right Brand
Selecting the right car brand may save you thousands of dollars.
Auto brands may not be equally hit by tariffs.
As with any car purchase, buying one that fits within your budget and is reliable is essential.
Dont just consider the purchase price of the car.
Long-term repair costs should also be taken into consideration.
Make Timely Purchases
Trump warned that tariffs on foreign cars would be coming before he was re-elected.
Its too soon to tell because it will depend on how car manufacturers approach tariffs, Wallis told GOBankingRates.
Buy Used Now
Buying used is typically a good way to save when buying a car.
Plan Ahead
Planning ahead is a wise move whenever purchasing a car.
However, the expense goes beyond the sticker price.
Interest rates may similarly impact Americans.
The Bottom Line
Wise action and knowledge is key to reduce the impact of potential auto tariffs.
Opting to buy before tariffs hit can be a good way to save money.
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