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What does Msrp Mean When Buying a Car?

April 26, 2017buying car mean msrp

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What does Msrp Mean When Buying a Car?

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MSRP refers to manufacturer’s suggested retail price. In essence, the msrp is what the manufacturer of the car suggests car dealerships should list as the sale price of each car. Oftentimes, car dealerships then use that amount as a bargaining chip when potential buyers negotiate.