Ok. So your looking to buy a new car, but what does MSRP mean? Read this definition to find the answer, and also learn why it is important.
Learn what you need to know before negotiating your new car deal.
New cars, trucks and automobiles are an expensive item to buy. So, as a consumer it is important to know some of the terms and how they may impact your car buying decision.
What does MSRP Mean?
It stands for the ‘Manufacturer’s Suggested Retail Price’. Sometimes more affectionately called the “sticker price”. This is important to know, because it is a ‘suggested’ or recommended price, not the actual selling price that the auto dealer will accept on purchase.
A new car is probably the most expensive item you may ever buy, except for your home, so research real prices before making your decision. The average new car price in the U.S. is about $30,000, (FTC). You will certainly want to make a smart deal for yourself.
You May See these Terms Listed on the Vehicle Window …
- Standard Vehicle Price
- Sticker Price
- Recommended Retail Price
It is important to know that the price listed is just the starting point. Normally, you will not want to pay this price. Try to negotiate a lower price.
MSRP Means: ‘Manufacturer’s Suggested Retail Price‘.
Why MSRP is Important To You
While you find a car or truck for less, you can certainly spend a lot more too. A lot of the final purchase price depends upon what extras you want to include on your new ride.
The MSRP is not a take-it-or-leave-it price. Rather, it is a suggested starting point. Depending upon a host of variables, such as time of year, extras and dealer desperation, you may be able to cut thousands off of this the listed price.
When you find a car, truck or automobile you want to buy, offer a lower price and stand your ground. Wait to see what happens. The results may shock you.
Now, you know what MSRP means and why the stated, or recommended sticker price is important to you, when buying a new vehicle.
Here is an excellent resource to calculate and find out prices for new and used cars , trucks and automobiles. See it here.
We hope the answers and guide has been helpful.