![Tiny car with coins and finance paperwork]( "Tiny car with coins and finance paperwork")
If you’re looking for a new vehicle in Omaha and you’re wondering what MSRP stands for, we can explain it to you right now. MSRP just means Manufacturer Suggested Retail Price and it’s the price at which the original equipment manufacturer recommends the dealership sell the car at. It’s also known as the list price and it’s set based on market information, material costs, and more.
Learn more about the MSRP meaning and how MSRP vs. invoice breaks down with Edwards Chrysler Dodge Jeep Ram FIAT, and when you’re done, consider financing with us as well.
MSRP Meaning
The MSRP is the recommended price at which a dealership is suggested to sell a vehicle in Bellevue. There are some facts you’re going to want to know, however, so let’s explain them right here:
- A particular model will share the same MSRP across all dealerships, as the price is determined by the OEM.
- Even though the MSRP is the same for each vehicle in a model, it’s not the same for all vehicles the manufacturer sells. For instance, a compact SUV has a different MSRP from a midsize sedan.
- You can find the MSRP easily by searching for it online, and it’ll help you out when negotiating the price of your next vehicle.
MSRP vs. Invoice Price
Another term you might hear when you’re shopping for a new car is “invoice price.” You’ve got the MSRP meaning already, but what about MSRP vs. invoice? There are a few things you need to know:
- Invoice price (or dealer price) is the price at which the dealer pays the manufacturer to take delivery of a vehicle.
- MSRP, on the other hand, is the “sticker price,” or in other words, the amount you’ll be paying the dealer.
You should know that the MSRP is “suggested,” so you’ll generally have some room to negotiate. Knowing the MSRP vs. invoice price will help you figure out how to negotiate when you sit down with one of our sales professionals.
Edwards Chrysler Dodge Jeep Ram FIAT: Your Car Finance Experts
New cars or used cars, we’ve got a lot of them on our lot at Edwards Chrysler Dodge Jeep Ram FIAT. Come here and take part in our low pressure environment that’s focused on your needs. We know buying a car can be a challenge, which is why we want to make you feel at home. Contact us today and we’ll get a conversation going.
