Quote:
Originally Posted by mvigod
I ordered my BMW before Xmas and it is now in the production stage. Yesterday Trump announced he will be placing tariffs on the EU across the board. We don't know the amount or the date but based on what happened with Mexico and Canada this seems like a probable event soon.
I have an M4 Comp ordered and if there is a 25% tariff that will add over 25k to the cost of the car as BMW and the dealer will not be eating the tariff. Also, there will be no carve out for cars ordered before the tariff goes into effect it seems. If your car hits the port when the tariff is in effect it will jack up the price accordingly.
I won't say what I plan on doing because I do not want to skew the vote at all.
The question is if you have a BMW on order coming in from Germany and it gets hit with a tariff will you cancel the order and walk away from it or will you pay whatever the tariff is and take delivery? I'm curious what the consensus is from the BMW community here.
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I just posted similar topic to alert. I’d say depending on how the contract is written for your preorder agreement. I’ve never ordered a custom car, always buy what’s in the lot or have my dealer allocate something close to my criteria so I’ve never read the contract. You may want to read it for the portion pertaining to tariff. If the language decides it to be volatile condition based on time of transit, then there’s no debate to avoid the surcharge. But if it states fixed condition, your dealer cannot pass this charge onto yiu.
But most likely you will be responsible for this surcharge. Would anyone cancel the order? I’m lucky that I just bought one, 25’ model. But if I was in your position, I would not. It’s not been said by trump what percentage of increase, 25% is applicable to Canada and Mexico. It could be less for euro countries. Some may say, then I just cancel and find an existing allocation or a used one to avoid paying the tariff. Wrong, you might think the plan helps to escape paying tariff, however the increase in tariff usually drives existing market prices up as well. If a brand new 25’ model car from Germany is now 10% more expensive, why would anyone sell their existing 25’ or 24’ models at the previous going rate? What I would do is trying to locate an existing one somewhere in the country now if possible before the tariff is officially announced if you value $ over the perfection of your built.