Our Mazda financial team wants to make sure car buyers learn useful information to make their car-buying experience easier. Knowing the MSRP of a vehicle will ensure you have a smooth car-buying experience and help you budget for your new vehicle.
What is MSRP?
MSRP is an acronym for the Manufacturer’s Suggested Retail Price of the vehicle –also known as the sticker price. The number represents the manufacturer’s recommended price for selling new car models.
However, dealers are not required to sell cars at the MSRP price. The price dealers can sell a vehicle can be higher or lower than the MSRP, depending on the vehicle’s current market value. The MSRP of a car is required by law to be shown by dealers – a result of the Automobile Information Disclosure Act of 1958.
The MSRP of a car reflects the cost of manufacturing the vehicle and the sales process, including the sales cost and average retailer markup. It reflects the make, model, trim, and any upgrades or extra features. It does not include taxes and fees.
How to Lower Your Final Cost
If you’re looking to lower your final cost for your new car, we recommend checking out our current Mazda specials. You can also opt to trade in your current model and put its value towards your down payment. Trade-ins can help lower your sales tax as well, since the tax is calculated after the trade-in value is deducted from the vehicle’s price.
MAZDA Financing at Sansone MAZDA
Do you still have questions regarding MSRP or car pricing? Our Sansone Mazda team can offer support and guidance. Give us a call or visit us today.
Connect with us
