Everything You Need to Know About MSRP

Researching new MINI cars is about more than just features, specifications, and options. At the end of the day, you’ll need to sign off on a MINI finance or lease agreement, and it helps to know what those numbers mean.

Whether you’re in the preliminary stages of buying a MINI car or you’re gearing up to visit MINI of Wesley Chapel, let’s look at how the price of your new MINI Cooper or MINI Countryman is set.

What is MSRP? Explained at MINI of Wesley Chapel

MINI Pricing Terms

When you arrive at our MINI dealership serving South Tampa, you’ll find that MSRP is just one of many terms thrown around in our finance center. Here’s a few common terms you’ll hear:

  • MSRP (Manufacturer’s Suggested Retail Price). MSRP refers to the selling price that the manufacturer determines for their vehicles. It should not be confused with “base price,” which is the price of a vehicle with no options added. Nearly every vehicle shipswith either factory-installed or dealer-added options, so it’s exceedingly rare to find a vehicle sold at base price.
  • Invoice This is what our MINI dealership pays for individual vehicles.
  • Sticker price. This price is set by dealership and often relies on market value, which takes into account the supply and demand for each model and applies to pre-owned vehiclesas well.

Factors that Determine Final Pricing

As we’ve seen, price is determined by a number of factors. However, it’s can also be offset and driven down by available MINI lease and finance deals, manufacturer incentives, and much more.

We understand that it’s a lot to remember, which is why our sales and finance departments will take as much time as you need to ensure you understand everything.

Vehicle Fees

There are other costs associated with your vehicle as well. Some of these, like destination, document, and title fees, may be baked into the selling price, while others (like finance fees and sales tax) will arise at different points in the financing process.

MINI Financing at MINI of Wesley Chapel

When you visit MINI of Wesley Chapel, don’t forget to ask about the many ways we keep your new MINI model within reach. From vehicle trade-ins to lease and finance offers, we keep things as easy and transparent as possible. For answers to your questions, never hesitate to call, click, or stop by!