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

There are 2 sides to the impact.

Yes the first impact is on new orders.

The biggest impact is on the second hand market. All those cars will go up in price.

IMO if you want a second hand car BUY it now if 25% tariffs are imposed.

 

Yep

 

The car duty battle between US and EU makes no sense as I don't see the two car markets competing. The US buyers importing EU cars are high end luxury and hypercars that don't and won't exist in the US as domestic brands. What do EU buyers import from US if rates drop? Probably nothing more than now...a few Raptors more at most? EU buyers aren't in the market for US cars as far as I know from my dozens of relatives over there. EU could drop rate to 0% and makes no difference.

 

Look up the chicken war between US and Europe and its relevance between trucks and chickens

 

Makes me dislike Ford more than I did before! Complete scammers with that Transit van scam they ran through US Customs.

 

Interesting question ,I would definitely walk from any car that suddenly has a 25% price increase. I currently have a boat being built in AUSTRALIA .. I would have to walk from that also but they have a large deposit in Australia.. Just reviewed my contract and it is for a fixed price in US dollars .. So I think they would either honor the price OR sell it to someone else with a refund…to me

 

What a coincidence most likely using my polyesters

 

Really , It is built by Maritimo are you familiar with them BILL Barry Cotter..

 

From what I understand the problem is not the difference between the current US tariff of 2.5% and the EUs 10%. That can be solved simply by the EU lowering their’s to 2.5%, which would have a minimal effect since they don’t import many vehicles. The problem is that the EU charges a significant VAT (say around 20%) on vehicles sold within their area but does not apply that to vehicles they export. The new US administration seems to view that as an export subsidy and wants to apply a similar tariff in response. Unclear how that gets resolved

 

Yep , QLD company.

 

Local taxes are charged on domestic and imported production So they should Not be part of any consideration IMO

 

I agree, but they don't seem to care. For example, Japan has 0% import tax on cars, but they do charge 10% consumption tax on everything regardless if imported or locally manufactured like you said. So for reciprocal tariffs, the US should lower import tax to 0% from 2.5% for Japan as that 10% consumption tax is like the 6%+ FL sales tax I pay for local car purchase or imported (I just paid FL sales tax on a JDM import this week and will again on another next month). But instead it seems they will charge 10% import tax on Japan based on what they say.

 

Multiple ways around this for a boat. Cars too, but it’s more nuanced. Still for the broad market this will be catastrophic.

 

+1

 

I have a 911T on order with a May delivery date. If I have to take a 25% hit, I'll probably walk, even though I will be leaving money on the table. No sense in throwing good money after bad.

Another thought. Say the tariff only lasts a few months. If I take the car, I'll be taking a automatic 25% haircut when the tariff expires. Sucks.

 

The word I get is Porsche will adjust MSRP for the tariff.

 

Psst, hey mister, can you help me with my 911T?

 

Sorry, what I meant is Porsche will bump up MSRP to include the tariff. Porsche is not going to buy down anything.

Knowing Porsche, if the tariff is later lifted, they will keep MSRP at the higher number.

 

The 911T is the only 911 with a stick (I think). Current MSRP on my order is around $150,000. If I don't take the car, I'm positive there will be people who will pony up the extra dough.

The ironic thing is Porsche is still value priced compared to Ferrari. I think the super duper 911 tops out over $300,000. What does the Ferrari super duper top out at?

 

Amazing that the Ferrari builds less cars than Porsche but still managed to have a manual.

Clearly shows Ferrari don't care whatsoever. Their cars will sell. Maybe one day that will change.

I wouldn't accept the tariff increase because imagine as you said if a few years later they remove it , it will chaos.

 

Well on the other hand it would
Help my 296 sell at a higher price - but wouldn’t need to sell it as my spider would be declined.

 

A 25% tariff would raise used car prices overnight.