What does MSRP mean?

What is MSRP? Is this the same as the sticker price I see at dealerships?

Answer
“Great question! MSRP means Manufacturer Suggested Retail Price.
This is also known as the sticker price, but does not always equate to what retailers list an item at. The MSRP is the recommended price a car dealership should sell a new car for.
The MSRP is recommendation. Your car dealership is not obligated to sell a vehicle at this price. They can sell above or below the MSRP. It’s common practice for the dealers to list cars above the MSRP so they can make a profit. This is good because it gives you the freedom to negotiate the price as you see fit.
You can also save money on your car insurance, though you can’t negotiate rates. Instead, you can save money on car insurance by shopping around and comparing rates. The Jerry app makes comparison shopping easy by pulling quotes from the top providers and delivering the best deals to your phone in minutes for free.”
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Rachel Juillerat
Answered on Sep 10, 2021
Rachel Juillerat has her Master's in Publishing & Writing from Emerson College. You can view her work in the Independent, Cupid's Pulse, and the Penmen Review. She has worked in personal finance for five years before transitioning to insurance. She lives in Boston, where she spends her time exploring small New England towns, learning new skills, and napping through her cat's zoomies.
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