There are way too many fees to keep track of when buying or leasing a new car, many of which are known by multiple names. The administration fee is also called the acquisition fee and is dished out during a vehicle lease contract.

The acquisition fee is defined  in the Leasing Glossary as “a fee charged by a lessor to begin a lease. An acquisition fee is also known as an initiation fee, or a bank fee if the lessor is a bank rather than a dealer. Acquisition fees start at about $300 and seldom are negotiable.”

For definitions of more of these fees, and also to find out which ones are legit and which ones are bogus, see our Lease Glossary and the Final Fees and Negotiation Tips article.

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Answered by Joe Bruzek on November 9, 2007 in What Does This Mean? | Permalink

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