What is MSRP?
The Bankrate.com financial term of the day is: "MSRP."
What should a new car cost? The automaker's answer to that question will be found on the car's window sticker, expressed in something called MSRP, or "Manufacturer's Suggested Retail Price." The MSRP is the car company's recommended selling price for the vehicle and each of its options. You may be able to pay less than MSRP, particularly if the model is a slow seller and the dealer is eager to make a sale.
MSRP amounts to the "list price" of a new vehicle.
For information on great cars and great car loan rates, visit the Auto section at Bankrate.com.