Are you looking for a new vehicle near Rio Rancho and wondering what MSRP means? It’s not an uncommon question, actually. A number of customers that come into University Mazda often find themselves asking the same thing. Not to worry, University Mazda has you covered about the MSRP meaning! MSRP is short for Manufacturer Suggested Retail Price, which is the price that the manufacturer suggests dealerships sell the vehicles for.

To put it another way: MSRP is also known as the list price and is determined by everything from current market information, including the popularity of the vehicle, to the costs associated with producing the model. Learn more about MSRP meaning below, as well as MSRP vs. invoice price or visit us at University Mazda and let one of our finance specialists guide you through the process. If you’ve found the vehicle that fits within your budget, you can also apply for financing to get a head start on the car buying process.

MSRP Meaning and How it MSRP Set?

Let’s take a closer look at MSRP meaning and what it entails so you can shop confidently for new or used vehicles near Santa Fe and beyond:

• Since this price is determined by the manufacturer, any particular model will have the same MSRP across dealerships.
• However, various trims of each model may have different MSRPs based on the level of added features and packages. An MSRP is just the base price. 
• You can locate the MSRP on the manufacturer’s website and use it when negotiating the price of your new vehicle. While the MSRP is the price the manufacturer recommends for the vehicle, it is not the price you have to pay for a vehicle. 

As the list price, an MSRP is the base price for that particular mode before any extra features or accessories are added. Although the MSRP is the recommended selling price for the vehicle, dealerships may choose to lower or raise the price based on things like availability, model year, demand, and more. 

MSRP vs. Invoice Price

You’ve also probably heard the term “invoice price” while browsing at your local Farmington dealership. In simple terms, while the invoice price is the price the dealer pays the manufacturer for the vehicle, the MSRP, or the “sticker price,” is what the dealer charges the buyer. This means that there is often a difference in price between the two. 

Discover More About the MSRP Meaning with University Mazda! 

Now that you understand the meaning of MSRP, as well as how it can influence the price you pay at University Mazda for a new or used vehicle, you can better understand the car buying process. If you still need help, our team is ready to help you not only find the right vehicle, but make sure you’re able to take it home today.