Car salespeople toss around phrases such as "MSRP," "dealer invoice" and "sticker price" all the time. But do you really understand what they mean? Car buying has a language of its own, and you need to understand the nuances of these pricing terms if you want to get the best deal.
What Is MSRP? Manufacturer's Suggested Retail Price for New-Car Buying
Understand These Pricing Terms to Get a Great Deal
Become the Pricing Expert in Your Area
The market is always changing, and prices fluctuate rapidly. So it's important to shop around for the best deal. The car pricing terms here will guide you as you get quotes and consider various offers. As you shop, you will become an expert on car pricing in your area during the period of time you're shopping for your car. And when you know the numbers behind the deal, it will make you a better negotiator.
As a senior consumer advice editor, Ron helps shoppers navigate car buying. He has plenty of firsthand knowledge since he buys and sells the cars in the Edmunds long-term test fleet.