Why is the Monroney sticker price required by law?

Why is the Monroney sticker price required by law?

When Congress adopted legislation in 1958 requiring that manufacturers affix a label—today called a “Monroney sticker”—in the window of each new motor vehicle they produced showing the suggested retail price for the vehicle and installed accessories, the assumption was that no car buyer would ever purchase a vehicle …

What is the Monroney law?

The Automobile Information Disclosure Act of 1958, commonly known as the Monroney Act or Price Sticker Act, requires the affixing of a retail price sticker to the windshield or side window of new vehicles with a gross vehicular weight rating of less than 8,500 pounds.

Are Monroney labels accurate?

Monroney Labels is a proven and accurate way to build value in every used car in your inventory for higher gross profit. It shows what the vehicle sold for new with all the factory installed options and is a better way to show option packages and value in a used car.

What is on a Monroney sticker?

The Monroney sticker is on the window of every new car and includes information about the vehicle’s price, engine and transmission specifications, other mechanical and performance specs, fuel economy and emissions ratings, safety ratings, and standard and optional features.

Are Monroney labels required?

The Monroney sticker is required to be affixed to the side window or windshield of every new car sold in the United States and can only be removed by the consumer (Chapter 28, Sections 1231-1233, Title 15 of the United States Code).

Do used cars have Monroney sticker?

Also, keep in mind that the Monroney sticker is required only for new cars. If you’re in the market for a used car, you should spot a similarly located sticker called a Buyer’s Guide. Dealers are not required to list pricing on these stickers, though.

Should I keep the Monroney sticker?

If the window sticker — or Monroney label, as it’s called — hasn’t already been removed by the dealer and placed in the glove box, you should carefully remove it, make a few extra copies in case one gets lost, and put them away for safe keeping in your bank safety deposit box or vault. …

How much is Monroney sticker cost?

How do I use MonroneyLabels.com? Enter the VIN on MonroneyLabels.com or scan it directly from your vehicle using our mobile app. Pay a one-time fee of $7.99 ($9.99 on iOS) to see the window sticker, including every VIN-specific feature and option on your vehicle.

What does the Monroney sticker price show?

The Monroney Sticker Price shows the base price, manufacturer’s installed options, transportation charges and fuel economy. When buying a new vehicle, you will probably get more money for your old vehicle if you trade it in rather than selling it yourself.

How do I get an original Monroney sticker?

Go to the dealership where the car was originally sold. The dealer can sometimes give you a copy of the original window sticker if you provide your VIN, proof of ownership and the name of the original owner.

Can I get an original window sticker by VIN?

How to get a window sticker from a VIN number? You can pull the details of a window sticker (the kind you find on cars at a dealer’s lot) by using the VIN. To do this, visit Monroneylabels.com and put in the make and model of the vehicle.