When it comes to car invoice prices, it's important to understand what all the abbreviations and various industry terminologies mean. MSRP, for example, is used commonly. It stands for manufacturer's suggested retail price and only serves as a guideline for dealers, who can sell their vehicles for whatever price they desire.
Another frequently used term is "dealer's invoice." This is the price that the manufacturer charges the dealer. This is not the actual cost of the car. Dealers make their money on the difference between what they charge the customer and the dealer's invoice. A rebate, for example, typically comes from the manufacturer as an incentive to customers. The rebate is then reimbursed to the dealer if the car is sold.
Since dealers can charge any price they like, it is possible to find different prices for the same vehicle, depending on where you go. At LotPro, we have greatly simplified the car shopping process by bringing the dealers to the customers. Our simple-to-use search engine allows car buyers to sort through an extensive list of new and used vehicles located across the United States, from the comfort of their home computers.
In addition to putting customers in direct contact with dealers, LotPro provides information about the vehicles listed for sale. From reviews to warranties and current rebates, our website is designed to inform potential shoppers. By providing such information combined with our wide selection, we are able to give our customers access to the best deals in the country.