Wisconsin Motor Vehicle Salesperson Manual Practice Test

What information does the MSRP label contain?

1. Base price and final assembly point

2. Dealer receiving fees and base price

3. Options and standard equipment

4. Standard equipment, options, base price, transportation charges, final assembly point, and receiving dealer

The correct answer is: Standard equipment, options, base price, transportation charges, final assembly point, and receiving dealer

The Manufacturer's Suggested Retail Price (MSRP) label is a critical piece of information for both consumers and dealers in the automotive market. It provides a comprehensive breakdown of the costs associated with a vehicle. The correct choice accurately reflects that the MSRP label includes standard equipment, options, base price, transportation charges, the final assembly point, and information about the receiving dealer. Standard equipment refers to the features that are included with the vehicle as part of its base offering. Options allow consumers to customize their vehicles with additional features for an extra cost. The base price is the initial price set by the manufacturer before any optional features or additional charges are applied. Transportation charges cover the costs associated with delivering the vehicle from the factory to the dealership, which is essential for understanding the total price involved. The final assembly point indicates where the vehicle was manufactured, which can be important to consumers considering the origin of their vehicle. Lastly, including the receiving dealer gives transparency about who is selling the vehicle, which can help buyers make informed decisions. This comprehensive nature of the information provided on the MSRP label ensures it serves as a valuable resource for consumers to evaluate the total cost of a vehicle, allowing them to compare it to others in the market effectively.