What Does MSRP Stand For?
You’ll likely have several questions when you buy your first car, including “What does MSRP stand for?” While you may be confused at first, understanding what MSRP is and how it affects your Mazda car buying process is essential. Learn everything there is to know about MSRP by contacting the experts at Sentry West Mazda today.
What Does MSRP Stand For?
MSRP stands for manufacturer’s suggested retail price, which is the price at which Mazda has recommended dealerships sell each model. You may also hear people refer to it as the list price or sticker price, but they all mean the same thing: how much the manufacturer suggests the car is worth. All Mazda dealerships are required by law to display this price in addition to the actual price of every new Mazda model.
How Is MSRP Determined?
Mazda determines the MSRP of each model by carefully considering all manufacturing and labor value. It also factors in any shipment and sales prices that Mazda will pay in the process of creating each model, as well as expected markup.
Why Is MSRP Important?
While our Mazda dealership isn’t required by law to sell a vehicle at its MSRP value, it’s still important for drivers and dealers to know. By doing your research on manufacturer suggested prices, you can determine which cars roughly fit your budget.
Do I Have to Pay the MSRP?
More often than not, the MSRP doesn’t reflect the final line total you’ll pay for a new car. While the MSRP is an official price point suggested by the manufacturer, we’ll often set a different price for the vehicle based on market conditions and any special events currently running. That way, you can compare our current offer on a model to the MSRP.
Learn More About MSRP and MAZDA Financing in Shrewsbury, MA
Knowing what MSRP stands for and how it affects buying a car is important, but it’s not the only thing to consider. Visit our Shrewsbury, MA, Mazda dealership today to see which vehicles are available and what specials are currently being offered. If you have general questions about financing, our Mazda finance team is ready to help you out.