What is MSRP? If you’ve just begun your search for a new vehicle, you’re likely wondering about the definition of MSRP. Meaning “manufacturer suggested retail price,” this acronym tells you how the manufacturer thinks a vehicle should be priced at Hood River-area dealerships. Manufacturers use information about the model’s sales history, popularity, building materials, and more to determine MSRP. However, this amount is a suggestion — and dealerships aren’t actually required to sell their vehicles at MSRP. Below, we’ll delve into the MSP meaning, as well as the difference between MSRP vs. invoice price.
Want to know more about what MSRP is used for? Knowing a vehicle’s MSRP can be helpful in determining whether you’re getting a fair price at the dealership. Here’s what to keep in mind about the MSRP meaning:
You may hear dealerships reference a vehicle’s invoice price. So, what’s the difference between MSRP vs. invoice price?
What is MSRP used for? Keep in mind that there’s usually room to negotiate on the price of a vehicle, and knowing the MSRP can help you make sure you’re getting a fair price.
If you have further questions about MSRP vs. invoice price and how to negotiate effectively, we’re happy to help! Contact our team of auto finance experts with your car-buying questions, or stop by the finance center at our dealership in The Dalles. You can also get started from home with our online financing application.
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