If you’re familiar with dealerships and shopping for a new car in Bay Shore, you’ve seen MSRP attached to the vehicle price, but what is MSRP? MSRP, or Manufacturer Suggested Retail Price, is the price recommended by the manufacturer for a dealership to sell a vehicle. The list price is another term for MSRP, and it is determined by the manufacturer based on various factors, including the popularity of the vehicle in the market and the materials utilized to produce it. Learn more about the MSRP meaning and the difference between MSRP vs. invoice at Habberstad BMW of Bay Shore.
When you’re looking up information on the BMW 3 Series or the all-electric BMW i7, you’ve likely seen MSRP next to the listed price. MSRP is the price that is recommended by the manufacturer that dealerships should sell the vehicle at. Here are a few notes that can help you understand the MSRP meaning:
Now that you know what MSRP is, what goes into determining the manufacturer price?
The term “invoice price” can be commonly heard at the dealership, so what’s the difference between MSRP vs. invoice price?
Negotiation is common when buying a new car. MSRP is the “suggested” retail price and knowing the MSRP vs. invoice price can be helpful when settling on a fair price.
The MSRP may be the price the manufacturer recommends for the vehicle, but it is not the price you have to pay for a vehicle.
Understanding the MSRP meaning can help you find the right price when shopping for a new car. In addition to your negotiating, save on the model you love by valuing your trade and exploring our new vehicle specials. If you have any questions, don’t hesitate to contact our team at Habberstad BMW of Bay Shore.
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