What Is MSRP?

If you’ve been shopping around for a new Honda car, SUV, or truck then you have no doubt encountered the term MSRP somewhere in the vehicle description. So, what is MSRP and how does it affect Honda pricing? MSRP is an acronym for Manufacturer Suggested Retail Price, which means that it is the price at which the automaker suggests a Irvine-area dealership like Weir Canyon Honda sell a vehicle. It serves as a good point of reference for what you can expect to pay for a specific vehicle as you do your research. Learn more about Honda MSRP meaning and MSRP vs. invoice price in this guide from the team at Weir Canyon Honda!

MSRP Meaning

Taking a closer look at the MSRP meaning will ensure that you are prepared when you begin shopping for your next car in and around Yorba Linda.

• MSRP is the basic price that is applied to each particular model, no matter where it is sold. You’ll find that the MSRP for a Honda CR-V, for example, will be the same at Weir Canyon Honda as it is at other Anaheim-area dealerships.
• Automakers list MSRP with every vehicle they feature on their respective websites. 
• MSRP isn’t necessarily what you will pay for a vehicle, as dealerships set their own Honda pricing, and you always have the opportunity to negotiate, as well.

How Do Manufacturers Determine MSRP?

Manufacturers set the MSRP for each trim in a specific model’s lineup. The Honda MSRP is based on the features, engine, design elements, and more that may be offered with each individual trim level. Honda MSRP does not include tax, license, registration, delivery fee, or the price of additional features and accessories. As mentioned previously, dealerships won’t always sell their stock at the MSRP. They use it as a reference or starting point for their own sticker price. Some of the factors that influence Honda pricing include:

• Supply and demand in the Tustin area
• Invoice price (the price the dealership paid for the vehicle)
• Incentives and other discounts such as those you’ll find in the new vehicle specials at Weir Canyon Honda

MSRP vs. Invoice Price: What’s the Difference?

Now that we’ve taken a look at MSRP meaning, we’ll explore the difference between MSRP vs. invoice price. As stated above, the invoice price is the amount a dealership pays the manufacturer to add a vehicle to their inventory. MSRP provides a general reference as to what you can expect to pay for a specific make and model. Comparing MSRP vs. invoice price and knowing the difference between the two will help you to negotiate the price you want.

Shop for an Exciting New Honda Today at Weir Canyon Honda!

Whether you are looking to buy or lease, you can count on the finance team at Weir Canyon Honda to guide you through the process and set you up with a payment plan that is tailored to your budget. Ready to get started? Contact us today to schedule a visit to our dealership in Anaheim!