When you’re shopping for a new Honda in the New London area, you might be wondering, what is MSRP? The MSRP meaning is Manufacturer Suggested Retail Price. It’s just that—the price that Honda suggests dealers set when selling a vehicle. You might also see it called the list price. It’s based on market information about the vehicle’s popularity, the materials that go into building it, and more. Learn more about the MSRP meaning and the difference between MSRP vs. invoice price with the help of Westbrook Honda!
Want to learn more about the MSRP meaning in Branford and how it affects what you pay for your new car? Let’s go deeper into, “What is MSRP?” so you can feel confident when it’s time to negotiate your final price.
You may hear the term “invoice price” while car shopping, but how do you differentiate between MSRP vs. invoice price? It’s easy: the invoice price is how much the dealer paid for the vehicle. Since the MSRP is a “suggested” price, there’s room to negotiate, usually between the MSRP and invoice price.
A fair price is one that leaves both you and the dealer happy. Here’s how to get a fair price using the MSRP as a guide:
Now that you know the MSRP meaning, get more car-buying tips from Westbrook Honda! You can start by getting information about simple interest loans and more!
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