If buying a car is on your radar, here’s some advice: don’t wait. With new tariffs and economic uncertainty shaking things up, now might be the smartest time to grab a used car before prices start heading north.
Let’s break it down. The U.S. just slapped a 25% tariff on imported vehicles and auto parts, and that’s a big deal. Why? Because it’s going to make new cars a lot more expensive—some estimates say by $5,000 to $15,000 more. That kind of price hike is already nudging people toward the used car market.
And here’s the catch: as more buyers flood into the used car space, demand is rising fast—and inventory isn’t keeping up. That means prices on used vehicles could start climbing soon too. So, the longer you wait, the more you might end up paying for that sweet ride you’ve been eyeing.
On top of that, the economy’s still a bit wobbly. Inflation is cooling off a bit, which is good news, but things are still uncertain. If interest rates shift again or financing tightens up, it could make buying any car—new or used—a bit trickier and more expensive. If you’re in the Boston area, BidCars Boston can help—they’ll work with you to secure the lowest rates possible, making your car purchase more affordable even in uncertain times.
That’s why jumping into the market now makes sense. Used car prices are still relatively stable in many segments, and you’ve got a decent shot at scoring a good deal. Plus, modern used cars are better than ever—think backup cams, Bluetooth, and all the safety bells and whistles.
If you’re considering it, this is your window. Check out local dealerships, browse online, and look into pre-owned options for peace of mind. For folks in the Massachusetts area, places like BidCars Boston have a solid range of used cars—think Jeeps, Fords, and more—with competitive prices that are worth a look. Just don’t sleep on it—because between tariffs, rising demand, and economic curveballs, those deals might not be around for long.
Bottom line? If you’ve been thinking about buying a used car, now’s a great time to stop thinking and start test-driving.