Splurge now, save later? 4 things to buy before prices rise

Published On: July 27, 2025

My spouse and I despise our washing machine. The washer leaves behind what appear to be tiny particles of mildew with each load, but both appliances are fully functional. To dry a load, the dryer must run on high three times.

With all of the hype about the trade war, we’re thinking if we should strike a deal while it’s still favorable.

The June Consumer Confidence Index from the Consumer Confidence Board shows that many people are concerned about tariffs. According to the survey, plans to buy cars remained stable, plans to buy appliances increased slightly, and plans to buy electronics decreased in June.

The wealthy—and I don’t want to imply that I am—may be in the forefront.

26% of those who made $125,000 or more in May said they had made purchases before possible levies. Although anticipated price increases have not yet materialized, analysts predict that they will.

According to a statement released in June by Jack Kleinhenz, chief economist for the National Retail Federation, consumers are navigating the uncertainty around trade policies. However, I anticipate that later this year, the inflation brought on by tariffs will become apparent.

Here are some things to consider now before they become more costly later if you want to stay ahead of possible price increases.

Major appliances, like washers and refrigerators

It turns out that household appliances will be particularly affected by the duty on imported steel and aluminum. Steel derivative products, such as refrigerators, freezers, washers, dryers, dishwashers, ovens, and even garbage disposals, are subject to the 50% steel tax as of June 23.

If you’ve been considering updating your appliance, now might be the ideal time to purchase one that was manufactured before prices increased and while summer promotions are still going on.

Our objective is to get a new washer and dryer shortly because mildew is disgusting and economists predict that prices will increase. The LG set we desire is currently in stock and on sale at our neighborhood appliance store.

Cars (especially EVs and luxury imports)

The last few years were a terrible time to buy an automobile. Following the outbreak, both new and used car prices skyrocketed. After then, things appeared to improve.

Case in point: In November, I paid several thousand dollars under the sticker for a brand-new Honda Odyssey. The dealer’s willingness to let me haggle that day surprised me. (However, providing free all-weather mats was not an option.) Furthermore, I’m amazed at how much I enjoy driving a minivan (#babyonboard).

Though there is still time to prevent it, a 25% tariff on imported passenger cars and auto parts may herald in a new era of crappy car purchases.

Experts predict that tariffs will increase the cost of cars. Although some manufacturers have raised their costs, overall price increases haven’t been significant. However, as pre-tariff vehicles become less common, that is anticipated to change, according to Shannon Bradley, NerdWallet’s auto expert.

Which car model and make are you looking for, and where is it manufactured?

In order to predict cost increases for consumers, consulting firm Anderson Economic Group has examined automobiles with the lowest and largest possible tariff impact.

Since they are built in the United States, cars like the Ford Explorer, Toyota Camry Hybrid, and my favorite Honda Odyssey should be less affected by tariffs than more opulent versions that are imported. It is anticipated that the prices of the cars listed will rise by $2,000 to $3,000.

President Trump’s large, attractive bill is another reason to acquire a new vehicle.

Under the new law, taxpayers can deduct up to $10,000 annually for interest paid on new cars built in the United States and acquired after December 31, 2024.

On the other extreme, if you’re searching for a Mercedes-Benz G-Wagon, Land Rover, Range Rover, or imported BMW vehicle, there won’t be a tax deduction and the impact of tariffs is likely to be higher. Approximately $10,000 to $12,000 or more, per the analysis conducted by the Anderson Economic Group.

The time is running out if you want an electric car.

EV tax credits will no longer be available for EVs bought or leased after September 30, 2025. Bradley advises purchasing an EV before then if you’re interested in one.

EV cars that are now eligible for the $7,500 EV tax credit include the Ford F-150 Lightning and the new Tesla Model 3. Under the proposed tax changes, the $4,000 tax credit for used EVs will also expire on September 30.

iPhones and Androids

Almost every day, the tariff position is altered.

At present, all imports are subject to a base duty of 10%. Additionally, a 30% duty on imports from China is in place, and until August 1, the possibility of larger reciprocal duties on China and other nations is on hold.

You might be surprised to learn that cellphones, along with 19 other electronic devices and/or parts, such as computers, are currently free from tariffs. If you need to upgrade your phone right away, it can affect your selection.

Imported booze

Do you grab for a drink at the thought of spending an additional $12,000 on a fancy car? If so, you might wish to stock up on imported alcoholic beverages, such as sake, South African wine, and Scotch, and store them in the cellar right away.

Tariffs of 25% for Japan, 30% for South Africa, and 50% for the European Union are on the table come August 1st unless new trade agreements are reached.

Please use pricey alcohol sparingly and gently.

Advice: Don t let tariffs tweak you out

Don’t panic and buy a Ford F-150 Lightning or a refrigerator because you’re worried. It’s foolish to save money on the sticker price of something you can’t afford or don’t need. Instead, evaluate your existing circumstances and determine whether you can afford to purchase a high-priced item.

Holding onto your money now and taking action to save and get ready for the future expense can be worthwhile.

Additional Information From NerdWallet