when leasing a car do you pay............?

Question

acq. fee of 595 is a must pay?

Answer 1

i agree...varied answers...i think we've almost got it right. the post before me is correct, except they left off the other option.

some banks have a way to convert the aqcuisiton fee into a money factor raise. This is a way to increase the "rate" that you are paying to use the car per month with out having an actual exact dollar amount to pay either up front or rolled into your payments.

this is non-negotiable fee. you will pay this, wether you see it as a $ or your monthly payment is raised.

it typically goes to pay for the lease to be aqcuired by the lender. some lenders also use it to pay for gap insurance and wear and tear coverage. it all depends on the lender and the car make.

honda's is $595 as well, but other lenders have different amounts. i work for honda and i just paid it on my 2007 pilot lease.

good luck. hope this and the above answer helps

Answer 2

The acq fee is a fee that the leasing company charges. I have seen these fees range from $195-$895 they are usaully rolled into the monthly payment however, some dealers will ask for this up front. The purpose of this is simply to show you a lower monthly payment.

Another common fee is the disposition fee or "turn in" fee. This is fee that the consumer is charged upon turning in the vehicle at lease end.

Answer 3

there is no such thing as an acquisition fee.. it is just a fee that the dealership wants to charge you in the form of extra profit..none of it goes toward the downpayment or any payment.. it does not reduce the financed amount.. it is legal to charge you but it is also just as legal for you tell them to shove it up their nose.. remember this when thinking of leasing a car... usually there is a downpayment of some kind.. it is called a cash cap reduction.. which simply means that you are paying money to reduce the amount financed..it may be required by the financing institution.. if you want a truely good lease on a fantastic car.. go to the nearest volvo dealer and look at the s 40 sedan or the s 60.. they are currently offering, with approved credit< a 48 month lease 12 thousand mile lease with no money down.. payment on the s 40 is 361 and on the s 60 379.00.. you can negoiate the miles upward to what you normally drive.. I'd think bout 17,000 to 20,000 miles is pretty normal.. your payment will be higher but not much.. also volvo's have a higher value retention than all other cars.. I don't sell volvos.. I just happen to like them and know what is going on with them.. and don't forget.. volvo has legendary saftey features.. check em out.. I know that volvo dealers are straight up.. good luck

Answer 4

Wow...really shocking variety of answers, but no one's got it right.

The answer is "It depends".

The bank who will be servicing your lease has an acquisition fee policy, but what that policy is varies. Some banks will allow a car dealer or leasing agent to "mark-up" an acquisition fee, while many other banks will not.

For instance, Ford Credit has a mandatory acq. fee of $595 that can not be waived or marked up but Wells Fargo has a $595 acq. fee that can be marked up to $795. Typically (but not always) captive finance companies like Ford Credit, Toyota Credit, GMAC, Chrysler Credit, etc. don't allow mark-up on lease acquisition fees. Independent leasing companies typicallly DO allow acq. fees to be marked-up.

To answer your question, my advice to you would be to contact other dealers or leasing agents that work with the same bank and ask them what the acquisition fee is.

Answer 5

An acquisition fee is a fee payed to the lender that is underwriting the lease. It is a variable from lender to lender. It is NOT a fee that is negotiable. And it is NOT determined by the dealership.
It is part of the lease contract & should be disclosed as such on the contract.

Answer 6

No, the fees are determined by the dealership. You can always negotiate with them on any fees.