What is an acquisition fee?
The Bankrate.com financial term of the day is: "Acquisition Fee."
An acquisition fee is the price you pay for obtaining an auto lease. It reflects various administrative and insurance-related expenses, such as what it costs the leasing company to get a copy of your credit report and verify that you have insurance.
Everything has its price -- including a car lease. The cost of setting one up is called an acquisition fee, and you might pay it upfront or have it rolled into your monthly payments.
To find the best new cars and the best new car financing, visit the Auto section at Bankrate.com.
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