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 Cars.com 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.”
See if your question has already been asked and answered
Your question has been successfully submitted to Ask.cars.com. It will now be reviewed by our editors and we'll answer it soon if we think it's a useful question. You will be notified via e-mail when the answer is posted. Ask.cars.com tackles your questions about new cars and the car-buying process. Unfortunately we can't answer questions regarding:
Have our experts answer any of your questions about new cars.
Email us at email@example.com