Why Now is the Best Time to Buy a Vehicle Before Tariffs and Interest Rates Rise

If you’ve been considering purchasing a new or used vehicle, now is the time to act. With rising tariffs on imported auto parts and the potential for increasing interest rates, waiting could mean paying significantly more for the same car in just a few months. At Krusen Motors, we want to help our customers make the best financial decision possible, which is why we’re encouraging shoppers to take advantage of current pricing before costs inevitably rise.

How Tariffs Impact Vehicle Prices

The auto industry is directly affected by tariffs, especially on imported parts and materials like steel and aluminum. Even if a vehicle is assembled in the U.S., many of its components come from overseas. When tariffs increase, manufacturers face higher costs to build cars—costs that ultimately get passed down to dealerships and, most importantly, to customers like you.

Over the past few years, trade policies have fluctuated, and 2024 is shaping up to bring another wave of increases. If new tariffs are imposed, manufacturers may be forced to raise prices on their vehicles. That means the car you're eyeing today could cost thousands more in just a few months.

The Threat of Rising Interest Rates

Beyond tariffs, interest rates are another critical factor that could affect your car purchase. While rates have been relatively stable, economic pressures could lead to increases later this year. When interest rates go up, the cost of financing a vehicle rises, meaning higher monthly payments for buyers.

By purchasing a vehicle now, you can lock in a lower interest rate, potentially saving hundreds or even thousands of dollars over the life of your loan.

Why You Should Act Now

At Krusen Motors, we’re already seeing signs that prices could increase due to these economic shifts. If you wait, you risk paying more for the same vehicle—whether through higher sticker prices, increased interest rates, or both.

Here’s why buying now makes sense:
✅ Current inventory is priced competitively – Beat future price hikes.
✅ Lower interest rates – Secure better financing before potential rate increases.
✅ More vehicle options – As demand rises, selection may become limited.
✅ Trade-in values are still strong – Get top dollar for your current vehicle before market conditions shift.

Don’t Wait – Visit Krusen Motors Today

The best way to protect yourself from rising costs is to act now. Whether you’re looking for a reliable pre-owned car, a family SUV, or a powerful truck, Krusen Motors has a wide selection of quality vehicles at competitive prices.

Stop by today or browse our inventory online to find the right car at the right price—before tariffs and interest rates drive costs higher!

🚗💨 Visit Krusen Motors now and lock in your best deal before it’s too late!