acquisition fee

Definition of "acquisition fee"
  1. A charge in most lease deals that covers a range of administrative or insurance costs, such as credit report acquisition, insurance verification, data processing, and risk coverage for potential leasing losses
How to use "acquisition fee" in a sentence
  1. The dealership quoted an acquisition fee of $600 for the car lease.
  2. The transparency of the acquisition fee helps customers understand their lease better.
  3. In order to minimize eventual costs, the lessee decided to pay the acquisition fee upfront.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z