Looking for a new vehicle and trying to figure out what “MSRP” means and its significance? We’re here to help! MSRP is the abbreviation for Manufacturer Suggested Retail Price and it represents the dollar amount at which the manufacturer recommends a Hempstead dealership should sell a new Chevrolet. It is also sometimes referred to as the “list price”. The number is determined by its material make-up, popularity, and more. Read below to learn more about MSRP and its uniqueness compared to the invoice price with the help of Millennium Chevrolet!
Still need more information about MSRP? We’ve got you covered. As mentioned before, the MSRP is the suggested price at which the dealer should sell a specific vehicle. We have more details regarding MSRP so you can feel confident as you car shop in Hicksville.
While car shopping, the term “invoice price” may be thrown out. If you’re not sure what the difference is between MSRP and invoice price, this may be confusing, but at Hempstead, we’re here to help! The MSRP is the amount suggested that you pay the dealership; the invoice price, also referred to as the dealer price, is the amount the dealer pays the manufacturer. Remember that MSRP is the suggested price, so you usually have room to negotiate a price. Knowing these two numbers will help you determine what a fair negotiating price will be.
Now that you are more knowledgeable about what an MSRP means and the difference between MSRP vs. invoice price, reach out to our finance center to start the car-buying process on a new or used truck today! We’ll help you get a great price on your next vehicle and answer any questions you may have. Get the car you need for your Douglaston lifestyle when you shop with Millennium Chevrolet !
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