The MSRP is the Manufacturer’s Suggested Retail Price. The maker of the automobile suggests this price. For automobiles, the MSRP is required to be listed on the sticker of the new car. If you have shopped for a new vehicle, you may have seen these stickers, as the dealership is required to place them clearly on the side window. This sticker is called the Monroney sticker. On the Monroney sticker, you should be able to see the base price, standard options; factory added options (prices for each of these) as well as the MSRP. The MSRP can be found on many different websites. Most car manufactures’ will have the MSRP listed on their websites.

The invoice price of a car is the standard price the car manufacturer invoices a dealership for a vehicle. This is not necessarily the actual price the dealership paid for the vehicle, as there are rebates and volume discounts that some dealerships qualify for, which lower the cost the dealer actually paid for the car. This price should include delivery and destination charges. Also, factory installed options will cause the invoice price to increase.