If you’ve been shopping around for a new vehicle in the Blacksburg, SC area, you’re likely wondering, “What is MSRP?” MSRP stands for Manufacturer Suggested Retail Price and is a number that the manufacturer recommends a Shelby dealership sells a vehicle at. Otherwise, known as the list price, the manufacturer sets this price based on market information such as the vehicle’s popularity, the materials that go into building the vehicle, and more. Read on to learn more about the MSRP meaning and the difference between MSRP vs. invoice price with the finance experts at Renaldo Honda.
Want more insight into the MSRP meaning? The MSRP is the price at which dealers are recommended to sell a vehicle. Here’s some more information about MSRP so you can be well-informed when car shopping in Gaffney, SC:
Shoppers often want to know what the difference is between MSRP vs. invoice price. The Invoice price (or dealer price) is the amount a dealer pays the manufacturer for a vehicle; the MSRP is the “sticker price” or the amount you’ll be paying the dealer. Remember that the MSRP is “suggested,” so you do have the ability to negotiate.
While the MSRP is the price the manufacturer recommends for the vehicle, it is not the price you have to pay for a vehicle. Here are some ways you can get a fair price on a car:
If you plan on leasing, you can still negotiate the MSRP since the price you and the dealer agree on will determine your monthly payment costs.
Now that you know the MSRP meaning and the difference between MSRP vs. invoice price, reach out to our finance center to initiate the car-buying process. We’ll work with you to help secure the best price for the vehicle you want. We look forward to working with you!
When you’re searching for your next SUV for your growing Blacksburg, SC family, you want a vehicle that is designed to protect you and your loved ones. The 2022 Honda CR-V is a family-friendly SUV that’s not only spacious and filled with exciting features, but it also comes equipped with innovative safety technologies to give your…
The Honda Civic has been a longtime favorite among Shelby commuters for its reliability, efficient mpg ratings, sleek exterior design, innovative safety features, and well-equipped interior. Redesign for the 2022 model year, the Honda Civic models have even more to offer Shelby drivers! Learn more about each of the 2022 Honda Civic configurations with Renaldo Honda….
If you’re in the market for a sleek and efficient sedan, narrowing down your choices to the 2021 Honda Accord is an excellent move. The Accord boasts a comfortable and tech-filled interior, fuel-efficient mpg ratings, and impressive performance capabilities that will add a boost to your Blacksburg, SC commute. You can easily customize your driving experience…