Are you ready to upgrade your Cherry Hill driving experience with an exciting new Acura? When shopping for a new car, you will encounter the term MSRP somewhere in the vehicle description. So, what is MSRP and how does it affect Acura pricing?
MSRP is an acronym for Manufacturer Suggested Retail Price, which means that it is the price at which an automaker suggests a dealership sell a vehicle for. It serves as a good point of reference for what you can expect to pay for a specific vehicle as you do your research. Learn more about Acura MSRP meaning and MSRP vs. invoice price in this guide from the team at Acura Turnersville.
MSRP Meaning
Taking a closer look at the MSRP, meaning the Manufacturer Suggested Retail Price, will give you a good idea about how much you will need to pay to get behind the wheel of the vehicle you want. Here are some things to keep in mind when looking at the MSRP of a particular vehicle:
- What is MSRP? The Manufacturer Suggested Retail Price is the base price that is applied to each particular model, no matter where it is sold. You’ll find that the MSRP for an Acura RDX, for example, will be the same at Acura Turnersville as it is at other Maple Shade-area dealerships.
- Automakers list MSRP with every vehicle they feature on their respective websites.
- MSRP isn’t necessarily what you will pay for a vehicle, as dealerships set their own pricing, and you always have the opportunity to negotiate, as well.
How Do Manufacturers Determine MSRP?
MSRP is based on the features, engine, design elements, and more that may be offered with each individual vehicle model and trim level. Acura MSRP does not include tax, license, registration, destination and handling charge, or the price of additional features and accessories. Dealerships use the listed MSRP as a reference or starting point for their own sticker price. Some of the factors that will affect what you will actually pay for a vehicle include:
- Supply and demand in the Medford area
- Invoice price (the price the dealership paid for the vehicle)
- Lease specials, offers and incentives, and other discounts such as those you’ll find at Acura Turnersville
MSRP vs. Invoice Price: What’s the Difference?
MSRP provides a general reference as to what you can expect to pay for a specific make and model, while the invoice price is the amount a dealership pays the manufacturer to add a vehicle to their inventory. Comparing MSRP vs. invoice price and knowing the difference between the two will help you to negotiate the price you want.
Shop for a New Acura Today at Acura Turnersville!
Whether you are looking to buy or lease, the finance team at Acura Turnersville is here to guide you through the process and set you up with a payment plan that is tailored to your budget. For your convenience, you can apply for financing with us online and get pre-approved from the comfort of your home or office. We want to make your car shopping experience as easy and hassle-free as possible. If you have any questions or would like more information, please don’t hesitate to contact us online or at (855) 718-9721.
