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February 13, 2009, Newsletter Issue #181: The Monroney Window Sticker and Your New Car
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Tip of the Week
The window stickers pasted to new car windows are designed to provide consumers with an ample amount of information. With the exception of light trucks, passenger vans and most sport-utility vehicles (SUVs), new cars sold in the United States are required to post a window sticker called the Monroney sticker. The window sticker was named after the congressman who introduced the legislation.
The details of the Monroney sticker must include the following:
- The manufacturer's suggested retail price (MSRP) for the new car as well as all the factory-installed options
- A destination charge (the cost of shipping the new car from the final assembly point to your dealership's location) is added to the MSRP to calculate the total price
- Other information regarding a list of standards and extra/optional equipment
- The total price
To negotiate like a professional, use the above prices to calculate the dealer's invoice price and your discount.
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