New Car Buying Glossary
Car Dealer Invoice Prices
Car dealer invoice price is the amount the auto manufacture charges the car dealer for a new vehicle.
New Car Base Price
Base price is the price of a new car with standard equipment only.
Car Manufactures MSRP Price
The manufactures suggested retail price is known as the MSRP, or the sticker price.
Car Dealer Sticker Price
The car dealer sticker price is normally an additional sticker price attached on the vehicles window below the MSRP price.
Destination Charges
Destination charges are charges made to the car dealer by the auto manufacture for the delivery of new cars.
Car Dealer Holdback
Dealer holdback is a percentage of a new car price that is credited back to the car dealer by the manufacturer and reduces the cost by as much as 2-3%.
Factory Incentives
Incentives are usually offered by auto manufacturers to move excess inventory or to sell the previous year’s car models.
Automaker Rebates
Automakers apply rebates on certain vehicles that are overstocked or to help clear last year’s car models.