Do you understand the information on all those stickers on that new car you have been eyeing? It can be quiet overwhelming! If you are shopping for a new car you are surely aware of the price stickers on the car windows. After you notice the car, your eye usually goes directly to the stickers. Car buyers want to know the bottom line as well as all the bells and whistles that are on the car. You may be confused as to why there are two different stickers on the car(s) at the dealership lot. I would like to offer you some clarity. Thus, here lies the tale of the two stickers:
- MSRP Sticker – This is the Manufacturer's Suggested Retail Price. The MSRP is simply the price that the manufacturer recommends that the dealer should price the car. This is also referred to as the retail price. It includes the details of the car as it left the factory. Simply put, it is the dollar amount that a retailer should be asking for the car according to the manufacturer. This is the price tag amount, but it doesn’t mean it’s carved in stone.
- Addendum Sticker - The addendum sticker is added to the vehicle by the dealership when it arrives from the factory. Once it arrives at the dealership, the dealer may add options to the car such as fabric protection, undercoating, pinstripe, nitrogen, sunroofs, spoilers, market adjustments, extended warranty protection plans, and/or additional accessories such as alarms or music systems, etc. The addendum sticker will list all these added options and the costs associated with them. This is added to the MSRP for a more accurate price of the total value of the car.
The MSRP and the Addendum stickers should be located close to each other and will give you an in-depth list of that particular car. I hope this information helps you and if I can be of any help to you in your new car search, please contact me!