Should you buy a new car before auto tariffs take effect on April 3?

The car rates that need to come into force within days to create buyers of cars with a choice: do they go out to dealers before possible price increases for a total value of thousands of dollars?

Experts who talked to ABC News have called on customers to seriously consider speeding up their purchases, although they have warned buyers not to skip a proper check, as a comparison of shopping and investigating loans suitable for borrowers.

It remains uncertain whether the price increase will reach immediately after next week or within months, when sellers exhaust inventory without tariffs, some experts said, but they have indicated such uncertainty as a reason for accelerating a purchase.

“You will see many people who go to the dealer earlier than later, because they have no idea when or how many tariffs will hit the portfolio,” said Joseph McCabe, president and executive director of Autoforecast Solutions, in front of ABC News.

25% car rates, which should come into force on April 3, will apply to imported passenger vehicles, including cars, SUVs, minoves, trucks and light trucks, according to a White House statement published after the remarks of Trump’s oval office on Wednesday.

Analysts are widely expected to increase the prices of cars produced abroad, as importers are likely to go through a share of tax burden for consumers.

Cars produced in the United States are expected to suffer considerable prices as manufacturers will bear higher costs for imports and will face demand as buyers are looking for internal alternatives, experts told ABC News.

“This is a really complicated situation, but the most important order for consumers is that the price of cars will rise,” Kimberly Palmer, a personal finance expert at Nerdwallet, told ABC News.

“If you know you have to buy a car – this is something you have already decided and worked in your budget – then it can make sense to speed up your time line,” Palmer added.

Aaron Bragman, Chief of the Detroit Bureau at Cars.com, said it more shortly: “Try to pick up a vehicle now if you can.”

Dan Ives, managing director of Equity Research at Wedbush investment company, predicts the overall price increase in US buyers’ rates between $ 5,000 and $ 10,000 per vehicle.

Added costs can reach up to $ 20,000 per vehicle, Art Wheaton, director of labor research at the Cornell School of Industrial and Labor Relations, which is studying the automotive industry, ABC News told ABC News.

The scale and price increase will probably vary depending on whether the model or its parts are descended from the United States, as well as the manufacturer’s estimate of its customers’ ability to absorb higher costs, some experts said.

A potential search jump in the coming days or weeks can also increase prices by adding customer urgency on the sidelines and in turn raises prices even higher, they added.

“If everyone goes out to buy a car, prices will surely rise,” said ABC News Prasad Venkates, Senior Vice President of Research and CEO for innovation at the Center for Automobile Research.

Tariffs are also expected to increase prices for used cars, as higher prices for new cars will send many customers who are looking for pre-owned options, experts said.

After the tariffs enter into force, manufacturers may stop producing completely some models at low prices, McCabe said, as some car manufacturers do not have enough profit margins to bear tax costs.

“Vehicles that are in the more accessible range – say below $ 30,000 – they will potentially be pulled out of the market,” McCabe said.

However, the decision to rush a car is a risk.

High interest rates have raised interest rates for car loans, which means that customers entering the market can acquire solid monthly payments, even if the price of the sticker is relatively low, some experts said.

Usually, car buyers need to manage credit reports and address any potential mistakes as a means of reducing loan tariffs, Palmer said, but this process usually takes several weeks. Comparison shopping can also provide considerable savings, but in -depth demand for offers takes extra time.

Car tariffs will increase the cost of repairing cars and insurance, which will make an expensive time to own a car, Palmer said.

“Buying a car is such a big financial solution. It’s expensive and has a huge impact on your finances, so you don’t want to rush if you’re not ready,” Palmer added.