The process of buying and selling a car is accompanied by tons of jargon that can be stressful to the intermittent consumer. Unless you have made a hobby out of cars, or find yourself often buying and selling vehicles, certain terms can lead to discomfort and feelings of being misled. Luckily, these terms are often not as complex as they seem, and in some cases can even be synonymous with one another. A Moroney sticker is basically a list of every vehicles features, options, and charges, so there is no more guessing which trim, packages, or options a car has. This sticker has made a vehicles history both mandatory and accessible so that as a buyer you don’t have to put all your trust in a salesperson, and as a seller you are covered and credible regarding the details of the vehicle.
What is Included
Now that you know what a Moroney sticker is, you should also understand how to read it. The sticker is 100% accurate just like for a brand-new car. Details about where the car was built, the warranty, engine specifications, and what options have been added will all be clearly listed. One key piece of information to notice will be the MSRP which stands for manufactures suggested retail price. This figure is important because it is the amount that the manufacture hopes the vehicle will sell for, so you can assess any markup that may be present. This figure can be a helpful starting point when determining how much you can afford as a purchaser and for negotiations with the seller.
Help for the Consumer
Consumer safety is a genuine concern, and a vehicle is a large purchase. Nobody wants to feel taken advantage of because of a lack of knowledge. A Moroney sticker is your insurance policy. The standardized information listed on the window sticker provides you with built in topics to discuss and negotiate during the acquisition process. Being able to compare your options in black and white also helps to streamline the process, you will not be bombarded with different facts and figures across different types of vehicles. When shopping, take pictures of the stickers for each vehicle you are considering so that you can compare them side by side. Once you have decided which car you want, then look to the MSRP and pricing info to start negotiating the best deal.
Help for the Seller
If you are on the selling end of the transaction, a Moroney sticker is insurance for you as well. Relying on the vehicle window stickers makes pricing easy and helps to manage your profit expectations. Acquiring your vehicle window sticker is simple and straightforward. Find a website that facilitates this and enter the VIN and your phone number, and they will send you a SMS with a link to the window sticker PDF file. Once you have your sticker, you can list your vehicle for sale and give potential buyers a chance to investigate the details specific to your car. Buying or selling a car does not have to cause anxiety, stress, and fear, utilize your new knowledge surrounding the sticker to generate confidence and excitement within the process.