What Does MSRP Mean?

Couple looking over paperwork in a dealership

Are you new car shopping in East Moline and want to know the meaning of MSRP? MSRP stands for Manufacturer Suggested Retail Price and it’s the price at which the manufacturer recommends the dealer sells the vehicle. It’s also known as “list price” and it’s determined by prevailing market information. Learn more about the MSRP meaning, MSRP vs. invoice, and more with Green Family Hyundai! And don’t forget, when it’s time to finance your car, you can do it in-house with us!


What is MSRP?

What in total goes into the MSRP meaning? The MSRP is the price at which the manufacturer recommends the vehicle be sold at. There are a few more things you’ll want to know before you buy a car in Rock Island.

  • A particular model will have the same MSRP across all dealerships, as the price is nationally set.
  • The MSRP is same for each vehicle of the same model, but it’s not the same across different models. For instance, an SUV or truck will generally have a higher MSRP than a sedan.
  • Car shoppers can locate the MSRP on the OEM website or the dealer’s website and use it as a negotiating tool in the bargaining process.

How is the MSRP Set?

  • The MSRP is set at the entry level configuration without additional features or accessories.
  • Additional features and trim levels will raise the cost of your Milan vehicle in turn.
  • The MSRP is the recommended price, but it’s not always the price the dealer will sell the vehicle at.
  • More popular models will be sold at close to the MSRP, while less popular models will be sold at a price lower than the MSRP. You’ll want to talk to the experts at Green Family Hyundai about specials on new Hyundai models.

MSRP vs. Invoice Price

You’ll also hear the term “invoice price” while you’re shopping for a car, but how do you separate MSRP vs. invoice?

  • Invoice price (or dealer price) is how much the dealer pays the manufacturer.
  • MSRP is the sticker price, or how much you’ll be paying the dealer to buy the car.

MSRP has “suggested” in the name, so you’ll generally have some room to move on the price. Knowing the difference between MSRP vs. invoice will make you a more informed car shopper. Apply for financing with us to get everything done in one place.

Green Family Hyundai Will Sell You a Car Without the Hassle

When you come to Green Family Hyundai, you’ll get a car buying experience without the unnecessary stuff. We can help you calculate your monthly payments as well. You’ve got experts on your side here at Green Family Hyundai, people who are focused on delivering a good outcome. Contact us today and we’ll help you out.

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