Refunds: Part-2

There are several terms that you should be familiar with before you go to negotiate the purchase of a new car:

Manufacturer's suggested retail price ("MSRP") is the sale price recommended by the manufacturer. The MSRP is only a point of reference, and is a figure from which consumers can negotiate. In fact, in the overwhelming majority of cases, new cars are not sold at the MSRP.

USED CARS AND PRICE GUIDE