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If you’re looking for a new Hyundai for your Weaverville commutes, then you may have some questions about the car buying process and what MSRP means. MSRP stands for Manufacturer Suggested Retail Price and is the number that a manufacturer recommends a dealership sells a vehicle at. Also known as the list price, the MSRP is based on market information on the vehicle’s popularity, the materials that went into building it, and much more. Learn more about what MSRP means, how it’s set, and how you can use it to get a fair price on your next car purchase with Hyundai of Asheville!
Most new car shoppers in Hendersonville will only encounter the term MSRP when shopping for a new vehicle, and it will be accompanied by other terms like base price, invoice price, and transaction price. Each of these terms helps determine how much the MSRP will be to the buyer and the dealership. Learn more about what MSRP means below:
The MSRP for each vehicle is set based on information like manufacturing costs, sales processes, and even the average markups by Black Mountain-area dealerships. These factors will also determine future sales prices, the used model piece, and more. Learn about how a vehicle MSRP is set below:
While the MSRP is the price the manufacturer recommends for a new Hyundai model, it’s not the price you have to pay. Typically the difference between what the dealer paid for the vehicle and the MSRP is several thousand dollars. This means that the dealership will still make a profit even if you purchase the model at a lower price than the MSRP. Read more about getting a fair price for your next Hyundai model below:
The “fair price” for a new Hyundai model is a price both you – the buyer – and the dealer are satisfied with. You get to drive home knowing you received an excellent deal on your new vehicle and the dealership has made a profit. Browse our new vehicle inventory to find a new Hyundai for your daily drives, then read our other car buying tips for more information on the car buying process. Visit our Asheville showroom today to take a test drive in your favorite Hyundai model!
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