MSRP? Whats that?

Question

I see on yahoo autos that there is a MSRP price and a Inovince price. What exactly are those prices? Leasing prices or completely own price?

PS I am using my older Bro's account so whoever knows him, you know its not him.

Answer 1

Manufacturer's Suggested Retail Price. That is the suggested sale price.

Answer 2

MSRP mens Manufactures Suggested Retail Price. This is the "suggested" selling price for a item. Just like in the supermarket some things like packaged snacks have a price printed on the package right from the packing plant. This is what the maker is suggesting the store sell it for. Stores can then mark down the item if they want. You don't usually see a store selling a product for more. Unless of course there is 20' of snow on the ground and your selling snow blowers. Then the MSRP tag some how falls off. Invoice price can mean many things. It is usually what the average actual sale price of the product. In this case a car is. Some dealers run ads that say they will sell you a car 100 above "cost" some say "invoice". I personaly would not buy a car at that place. Already they are trying to deceive you and your not even there yet. No one can support a dealership the size of a football stadium by selling cars 100 over their actual factory invoice. It costs them more then that in interest just to have the car on their lot for 30 days. Think about how many people they have working, their light bill, their rent and do the math. How do they stay open to run the same ad month after month..Some places would have to be selling over 500 cars a week. Lease price is a price a bank or credit company will come up with for you to "use" their car for a set amount of time. All leases have a clause at the end to determine what happens to the car at that time. Many require you to buy the car so watch out for those. Many have a set buy out price if you want to buy it. Some just let you return the car and do it again. Lease laws vary from state and country to country. There are more ways to write a lease then there are days in a year. I am in the fleet business so take this buying hint. If your keeping the car forever and paying cash buy when you can get a deal usually june or july you can get a good deal on a "left" over. If you have to finance the car buy in the Fall when the new models come out and get the shortest term loan you can afford. The longer the loan the more "upside down" you will be for a while. Somtimes for the life of the loan. "upside down" is a term used in the car business when the payoff of your loan is more then the street value of the car. Most people with 4-5-6 year car loans are in that position. The car is loosing value at a rate faster then the rate you are paying it down at . Cars, depending on make and model, drop in value between 2-3% per month starting with the beginning of the model year. So say you buy a 2007 car in October for 20,000 in one month that car will be worth about 19400 or about 600 a month based on a max of 3%. If you buy that same 20,000 car in May in June the car will be worth 15,200. thats assuming the mileage traveled was the same. You can see how that if the car is dropping 600 a month in value and your car payment is only 250 how you will never come out whole if you had to sell it and pay it off. This is also why some banks will require more money down on some model cars then others as well as even shorten the length of the loan If your credit is not so hot. See car values are based on model year to model year not on when you buy it. I hope some how all this helped. If I knew what make and model you were looking at I could better assist you.

Answer 3

Manufacturer's Suggested Retail Price

Answer 4

MSRP Manufacturing suggested retail price, That is what the manufacture is setting the price on theses cars . They are high so the dealer can come down a few hundred dollars , However I never pay full prices you can to , Always go in to the dealer with a price you wont to pay and stick to it , If they get close go for it , But be careful, good luck

Answer 5

MSRP is Manufacturers Suggested Retail Price.

Invoice is what the dealer pays for the vehicle.

Answer 6

Manufacturer's suggested retail price. Invoice is what the dealer pays the manufacturer.

Answer 7

manufacturer's suggested retail price. the price for an item the manufacture says it should be worth.

Answer 8

go to www.adviceontime.com they have a comperhensive article about the auto business. this will help you understand all of your questions.