What Does MSRP Mean?

woman-smiling-in-vehicle

When researching new Hyundai models for sale and comparing pricing in the Houston area, you’ve likely come across the term MSRP. What does MSRP mean? MSRP, or Manufacturer’s Suggested Retail Price, is the price at which an automaker like Hyundai recommends that a Spring dealership sells a vehicle. MSRP is based on the popularity of a vehicle, the materials with which it was constructed, and other factors. Want to learn more about MSRP and how it factors into your car buying process? Consult this guide from North Freeway Hyundai.

What is MSRP?

As previously mentioned, MSRP stands for Manufacturer Suggested Retail Price. At North Freeway Hyundai, the MSRP is accompanied by our competitive low price for each model. Additional information about MSRP includes:

  • Specific models share the same MSRP, no matter which dealership in the Woodlands area you visit. That means the Hyundai Elantra MSRP is the same wherever you shop.
  • MSRP will be the same for specific models, but not for every vehicle sold by the manufacturer. For example, the Hyundai Tucson and the Hyundai Santa Fe will have unique MSRPs, even though they are both SUVs.
  • Visit the automaker’s website to find the MSRP of vehicles that interest you.

How Does the Manufacturer Determine the MSRP?

Manufacturer’s set the MSRP for their vehicles based on manufacturing costs, sales processes, and average markups determined by current market and historical data. The following also influences an MSRP:

  • The MSRP for specific models and trims does not include the cost of additional features or accessories.
  • Dealers won’t necessarily sell vehicles at the MSRP. For instance, North Freeway Hyundai lists the North Freeway Price for each model in our inventory.
  • The invoice price, or what the dealership paid for the vehicle, affects how much the car will be sold for.
  • Demand in the Cypress also plays a role in the final selling price of a vehicle. Luckily for drivers like you, North Freeway Hyundai boasts everyday low prices.

How to Negotiate a Fair Price

It is important to note again that MSRP isn’t necessarily what you will pay to buy a new Hyundai in the Tomball area. As the buyer, you also have the power to negotiate a great deal. Consider the following when you go into the car buying process.

  • Research the MSRPs of the vehicles you are interested in before going to the dealership, as well as what other drivers in the Spring area have paid for the same model.
  • Begin negotiations below the MSRP. Remember that additional features you want will cost you extra.
  • See if a dealer will allow you to see a vehicle’s invoice price. With this information, you will have an idea of whether they are giving you a fair deal.
  • Browse the options available at multiple dealerships in the Houston area to find your ideal price.

Finance or Lease Your Next Hyundai at North Freeway Hyundai!

Looking for a great deal on your next Hyundai? Whether you decide to lease or finance your Hyundai, the North Freeway Hyundai finance center will set you up with a payment plan that works with your budget. Apply for financing online today!

More from North Freeway Hyundai

  • 2024 Hyundai IONIQ 6 Preview

      Are you anticipating the 2024 IONIQ 6 debut at our Spring dealership? Even though the anticipated electric vehicle from Hyundai isn’t expected until late 2023/early 2204, we have your first look! Below are details about what you can expect to find when the 2024 Hyundai IONIC 6 hits Spring dealerships. Feel free to contact…

  • 2022 Hyundai Tucson Hybrid Range

    The Hyundai Tucson Hybrid and Plug-in Hybrid are part of Hyundai’s ambitious plans to achieve carbon neutrality by the year 2045. Other vehicles in the Hyundai hybrid and EV lineup include the IONIQ, the Elantra Hybrid, the Santa Fe Hybrid, and the Sonata Hybrid. The Tucson is a mid-size SUV that can comfortably seat five…

  • 2022 Hyundai IONIQ 5 Awards

      The Hyundai IONIQ 5 has already impressed drivers across Houston with its eco-friendly performance and money-saving benefits, and they’re not the only ones! The growing list of 2022 Hyundai IONIQ 5 awards highlights how industry experts have taken to this all-electric SUV. Not only has Hyundai reported second-best April retail sales in history of…

AudioEye
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
Chat
Search
AudioEye
Garage

Garage

Your garage is empty.
Save some vehicles to get started!
Chat
Search
North Freeway Hyundai 30.062155, -95.431972.