Auto Loan Financing
Tips - When seeking an auto loan and reviewing financing, here are some terms you may encounter:
Invoice Price is the manufacturer?s initial charge to the dealership. This is usually higher than the dealer?s final actual cost because dealers receive rebates, allowances, discounts, and incentive awards.
Base Price is the cost of the car without options, but includes standard equipment and factory warranty. This price is printed on the Monroney sticker.
Monroney Sticker Price (MSRP) shows the base price, the manufacturer?s installed options with the manufacturer?s suggested retail price, the manufacturer?s transportation charge as well as the fuel economy (MPG).
Dealer Sticker Price, usually on a supplemental sticker, is the Monroney sticker price plus the suggested retail price of dealer-installed options, such as additional dealer markup (ADM) or additional dealer profit (ADP), dealer preparation and undercoating.
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