Would you decline delivery of your Ferrari if there is a tariff (US buyers)?

Discussing personal choices due to possible tariffs is fine, but this is a reminder to avoid posting political opinions about possible tariffs.

 

I was wondering if there would be a thread on this. This is a struggle - I specifically sought this out to see how people are thinking about this. The rising paint costs and others are extremely frustrating but whatever, it’s not my first Ferrari and I’d just eat it. But if the price goes up artificially 25% - only to likely go back down by 25% not much later - that would be extremely tough to stomach. Tough enough to consider walking away? … Yeah, maybe.

 

Walk

 

That is exactly why I voted yes.

 

Not even close call. I have three cars on order and all of them would be canceled.

 

If the tariff goes into effect after the car goes into production isn't the buyer on the hook for any difference between the invoice price and what the dealer sells it for?

 

Well I would walk , however who reads those very fine contracts ?

I didn't when I signed for my 488GTB. I would be surprised if it would be impossible to walk away without suffering some monetary loss.

Remember most if not all orders unless they are on the floor have been customized to what you want.

 

I’d for sure cancel because I wouldn’t want to eat $100k+ only for them to be lifted 3 months later. The tariffs will also cause a massive spike in used prices if there is little to no supply of new cars.

 

Oof. My Roma Spider is going into production with a summer delivery ETA

 

If nothing changes cars from the EU will be hit with a 10% tariff in April according to the reciprocity statement from the government.

This is a net 7.5% increase.

Most likely outcome is the EU will reduce their import duty to 2.5% to match the US and avoid the extra cost.

Bill

 

I read elsewhere they aren't just going to try to match just import "taxes," but also VAT. Now yesterday like you posted 25% on autos...pretty extreme but we'll see if exceptions are made.

 

A lot of water will go under the bridge before the tariffs are implemented and effective.

Most of Trumps comments on 25% auto tariffs have been related to production in Mexico and Canada and are targeted at re-shoring production to the US. For Europe it would be about equal access although pricing out European luxury cars from the market could help in reducing the trade deficit.

My gut tells me the EU will cave and the luxury car segment will not be punished…but I have been wrong many times before.

Bill

 

I think it's interesting that some of the most fervent supporters of these tariffs have no interest in buying an American-built car.

 

Look, there will not be a 25% tariff, it will remain 2.5% as it is, this is a push to get EU to reform its current 10% tariff on US imports (that is 4x our tariff), the EU is already making moves to set their automobile tariff to match the US 2.5%, that's all this is about, it's not going to happen, a 25% tariff would destroy the EU automobile sector because it heavily relies on exporting new cars to the US

btw, the tariff is on ALL EU automobile imports, that means used cars as well (i.e. you pay 2.5% to import a car from EU, that's the way it has been for decades), so if the 25% tariff would occur it would be on all used cars imported as well, of course you could route them to some other country first to escape that, but not for new cars

 

My 296 is $454k which I'm borderline on now anyways. At another $113,500 (25%) I would for sure pass.

 

Remember, the duty/tariff is borne by the importer, so, Ferrari could always choose to pay for it directly (like they do now, the 2.5% tariff does not show on the window sticker but is likely rolled into the base price) or pass to consumer or a mix of the two, just like all taxes each is borne by manufacturer (like 'gas guzzler tax'), it is then up to the manufacturer if they want to pass it on to the consumer and how (higher base price, line item, etc), the import duty is due at time of importation, not a time of customer sale.

and technically a 25% tariff would result in 22.5% increase since there is already a 2.5% tariff that you forgot about...

 

Sure but what are the odds Ferrari eats 22.5%? Close to zero I imagine.

 

...or a mix of the two...

such as Ferrari eats 10% but not all 22.5%, lots of ways to split, but I believe it will never occur as the intended effect is occurring (EU to drop its import tariff to match USA, i.e. both at 2.5%)

 

From the EU:

https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_541

Questions and answers Feb 17, 2025 Brussels

Doesn't the US have a point about an asymmetry in tariffs, such as the EU's 10% tariff on cars compared to the US's 2.5% tariff?

Tariff structures vary between economies, with some EU tariffs higher than those of the US and many others lower. Both the EU and the US have equally low tariffs overall.

While the EU applies a 10% Most Favored Nation (MFN) tariff on cars, it's important to note that the US imposes a 25% tariff on pickup trucks (other than those imported from Mexico and Canada) —the largest segment of the US auto market, accounting for about one-third of all vehicle sales. In fact, the best-selling vehicle in the US is a pickup truck, the Ford F-150.

The EU remains open to balanced negotiations that foster a level playing field for both sides.

 

I’m speculating that any tariffs would be welcome news to the US used Ferrari market.