The car market is changing. New tariffs on imported vehicles and auto parts, imposed at a 25% rate on many vehicles and key components assembled outside North America, threaten to reshape prices and consumers’ financing options.

Understanding these changes is essential to making an informed and financially sound decision when using a loan to purchase your next vehicle.

Tariffs are taxes on imports. President Donald Trump’s new car tariffs add at least 25% to the cost of affected new vehicles and auto parts . No business in the automotive supply chain has high enough profit margins to support a 25% tariff without raising prices.

Many cars imported into North America could see price hikes. Some industry experts suggest the impact could vary from $2,000 to more than $12,000, depending on

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