MSRP Terms Explained at Hyundai of Cookeville
When it comes to learning about Hyundai pricing terms, the financing process, and other car purchase information, Hyundai of Cookeville is your best resource. At our dealership, there’s no such thing as a bad question, especially for new car buyers who are financing or leasing for the very first time.
Once you learn common pricing terms, you’ll be even more confident in your decision to buy that new Hyundai car you’ve had your eye on.
What is MSRP?
MSRP stands for “Manufacturer’s Suggested Retail Price.” This recommended price may be added to or subtracted from the price of a vehicle depending on current incentives and vehicle availability. In other words, when you see a sticker displaying the MSRP, think of that as an estimate.
When you find a car you like at Hyundai of Cookeville, our Hyundai finance experts can help you determine what your monthly payments would be with the MSRP, interest, and other fees accounted for.
Other Sales Terms to Know
- Base price: This is the price of the lowest trim of a particular model with no special add-ons, packages, or destination fees applied. As entertainment, safety, and convenience features increase at each trim level, so does the price.
- Invoice price:This is the price a dealership pays the manufacturer for a particular vehicle. The invoice price can fluctuate depending on vehicle availability and it can affect what you ultimately end up paying.
- Dealer sales incentives:When a dealership saves on an invoice price, it often passes the savings off to you, the customer. This results in price reductions or other temporary specials.
- Rebate:This is a direct payment from the manufacturer toward the purchase of a specific model at a specific time. This is a deal from the manufacturer to you.
Buying Your New Hyundai Vehicle
Our Hyundai dealers near Crossville, TN want to help you get the most out of your new car purchase. Contact us when you are ready to begin the financing process with us. Our Hyundai service experts are also ready to assist if you need a quick tune-up before you sell your current car.