For new vehicles, the MSRP, as defined by the IRS, is the base retail price provided by the manufacturer, plus the retail price of each accessory or optional piece of equipment that is physically present on the car at the time of delivery to the dealer. For purposes of claiming the credi...
MSRP, or the manufacturer’s suggested retail price, is a good place to start. It is the price at which an automaker suggests that a dealership sells a new vehicle. Used vehicles do not have an MSRP since they do not come straight from the factory, but used car prices are affected by ...
For new vehicles, the MSRP, as defined by the IRS, is the base retail price provided by the manufacturer, plus the retail price of each accessory or optional piece of equipment that is physically present on the car at the time of delivery to the dealer. For purposes of claiming the credi...