MSRP is a four-letter abbreviation for “manufacturer’s suggested retail price”. Chances are these letters are familiar to you, especially if you’ve bought a car in the past. But if you’re curious about what MSRP means exactly and what other terms are related to it, our local Kia dealer explains.
What Does MSRP Mean?
MSRP, also known as the “sticker” price, is the recommended selling price that an automaker suggests to a car dealership such as Evans Kia. MSRP includes the cost of the vehicle plus fees and suggested options.
Though MSRP isn’t set in stone (thus the presence of the word “suggested”), it is an accurate barometer that dealerships nationwide use when setting the price of a car.
Other Kia Financing Terms
When you shop for a new Kia car, the base price is the cost of the vehicle without any fees or options. The base price is essentially the cost of a particular model’s entry-level trim.
All of the standard features included in the base price are listed on vehicle’s window sticker, with a separate column for the options that the buyer can choose from.
Generally speaking, a rebate is an incentive offered by a car dealership to a customer. Also known as a direct-to-the-buyer payment, it’s an effective way to encourage a car shopper to purchase a particular vehicle. Rebates are offered on a national or regional scale and are widely promoted in a car brand’s advertising.
If you’re interested in buying a Kia SUV and you visit our online new car inventory, you should check out the “Incentives” tab to see our latest Kia specials. Chances are you’ll find a great deal on the body style or model you want.
Rebates function in different ways, but a good portion of our customers put their rebate towards their down payment, as this helps reduce the amount that needs to be financed.
Finance a New Kia Car Today
Kia financing might seem complex, but once you get familiar with some of the key terms it becomes easy to understand. Visit our nearby Kia showroom today and count on our friendly team to help you find the best financing for your lifestyle and budget.