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Asked: Feb 15, 2008 - 01:40 PM

Status: Closed

What is the difference between an invoice and msrp price on an auto?

I need to explain the difference in a training for Loan Processors. I want to give the definition of each so they know the difference.

In Buying & Selling > Car Values
In Buying & Selling > True Market Value (TMV)
2 answers - 376 days ago

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subearu

Date: Feb 15, 2008
Time: 09:06 PM

MSRP, or the manufacturers suggested retail price, is just that, a suggestion that the seller (dealers) should sell the vehicle for.

Invoice is basically what the dealer pays for the vehicle, though it's not really. Incentives and rebates and holdbacks to the dealer actually make that lower than invoice.

-Brian

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lhoward47

Date: Nov 14, 2008
Time: 04:48 PM

How do I find out the invoice price on a car?

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What is the difference between MSRP and Invoice Pr...

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