- Americans are flocking to car dealerships before President Donald Trump’s auto tariffs lead to higher vehicle costs. But contending with expensive vehicles and high interest rates, consumers may not be financially equipped to make these big-ticket purchases, leading them to default on debts down the line—or give up vacations and other purchases to offset the impact of the loan.
New-car buyers looking to dodge auto tariffs may suffer an unintended financial consequence as a result of lengthy loan terms and high interest rates.
