What is a Monroney Label?
When shopping for a new car, the first place to look for vital information is the car’s window sticker, also known as the Monroney label. This label verifies essential details such as the vehicle’s make, model, year, and the manufacturer’s suggested retail price (MSRP). It serves as an official document that not only identifies the vehicle but can also act as a historical record for future reference.
Essential Information Included
The Monroney label displays crucial statistics about your potential new car. It outlines the MSRP, which is the retail price recommended by the manufacturer, although dealerships may sell the vehicle for less or more based on negotiation. Additionally, the window sticker lists engine and transmission specifications, safety features, interior amenities, and warranties, like basic or powertrain coverage.
Fuel Economy and Safety Ratings
In compliance with U.S. law, the Monroney label also includes comprehensive fuel-economy ratings. These ratings provide insights into the estimated fuel costs, emissions, and even charging times for electric vehicles. Furthermore, the label details crash-test ratings, assigned by the National Highway Traffic Safety Administration (NHTSA), helping buyers assess safety performance. These elements ensure that new car shoppers are well-informed, contributing to a more confident purchasing decision.
