Are dealer acquisition fees negotiable?

Acquisition Fee: Acquisition fees usually range between $250 and $1,000 (luxury vehicles are on the higher end). The acquisition fee can sometimes be negotiable, but it’s rare. Often time the fee is added to the Capitalized Cost (price of the vehicle) so that it’s rolled into the monthly lease payment.

Should you pay an acquisition fee?

You don’t get charged an acquisition fee when you take out a car loan, there’s really no reason why you should be charged one for a lease. These fees usually start at $350 and can be as high as $1,000 for some luxury vehicles.

What is an ACQ fee?

What Is an Acquisition Fee? An acquisition fee, sometimes built into a price of a lease or loan, is charged by a lessor to cover the expenses, usually of the administrative variety, that they incur in establishing said lease or loan.

How much do dealers charge in fees?

Most dealerships charge anywhere from $50 to $500 and the fee is normally not brought to your attention until right before you sign the paperwork for your vehicle. Documentation fees (or doc fees) vary from state-to-state and some states have a maximum limit a dealer is allowed to charge.

Can you negotiate the acquisition fee for a new car?

In a few cases, you might be able to negotiate the acquisition fee. The due at signing amount is what you’ll need to pay to drive the new car off the dealership’s lot. Items like the down payment, security deposit, and first month’s payment are typically included in this amount.

Can you negotiate a lower lease acquisition fee?

If you play your cards right, you may even be able to save money by negotiating a lower lease-acquisition fee. Even if you can’t get a dealer to lower its lease-acquisition fee, you can still negotiate other leasing costs, which could help offset that fee. Don’t blindly agree to pay all of the lease fees and charges when signing a contract.

What do you need to know about Dealer fees?

Here are five dealer fees to watch for as you buy a new car. Vehicle or dealer preparation fees are extra charges that the dealer adds to get the car ready for delivery. These include washing the car, removing the “bump protectors” from the doors or disposing of the protective coverings for the seats or floor.

When to refuse to pay a dealer fee?

If a dealer tries to charge you for any of these items and you did not request them, refuse to pay the associated dealer fee. If you did request them, shop around to ensure that you are getting a fair price because you can obtain any of these items elsewhere after you own the car.