When the list price on a new vehicle is grossly incorrect, must the dealer honor the price?

Question

I was taking a walk around a car lot and notice that the tag on a new vehicle was way off, like almost $30000!! Now, this is the piece of paper that comes from the factory, you know the one. It lists the included features, gas mileage, list price, destination and delivery cost, and total MSRP. Assumeably someone should've noticed something so absurd, so what I'm trying to figure out is does the dealership have to honor this price?? Please, does someone know anything about this?

let me clarify, the price on the vehicle is the only price on it. all the other vehicles in the lot are advertised the same way, the sheet with the veh and MSRP prices. i believe that it's probably a typo from the the factory, but still. there's an identical model next to it, different color, and the price that it shows is the same sheet, just it has the correct price

as a response to hsueh010, the price is specific to this vehicle.... the VIN is listed on the sheet with the price.

Answer 1

no. it makes no difference on price unless they advertise the price and even then they can get out of it by claiming it was a mistake. the price is set when the offer sheet is handed to the buyer. and no way else.

Answer 2

Unfortunately the MSRP is just that. The Manufacturers "Suggested" Retail Price. Unless it was clearly advertised as selling for the MSRP, a dealership never has to sell a car for the MSRP. Most dealerships mark upward based on MSRP. Cars that aren't moving off the lot, they can discount off the MSRP, but dealerships aren't required to sell based on the MSRP.

If they advertised the car in the newspaper at a specific price, they are required by law to list the VIN number of the vehicle they are selling for that price. They are also required by law (though I don't think specifically to a customer), to have proof that they sold a vehicle for that listed price, or they can be sued for false advertising.

Answer 3

The MSRP means Manufacturers Suggested Retail Price. It is a suggestion. The dealership can sell it for more or less than the MSRP. There is no obligation to sell the vehicle for the manufacturer's suggested price.

Answer 4

you will ought to instruct that the broker used the incorrect value to get you into the dealership. Thats fake merchandising. With a $10000 value distinction, you need to believe there become an errors. the fee errors you spot on line would desire to instruct on many distinctive listings of a similar vehicle. the agencies the sellers use all pull a similar guidance from the sellers substantial laptop and a typo would have occured. And no they do no longer ought to honor the incorrect value if it become an errors. believe me, i've got made that posting errors as quickly as.