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Acquisition Fee - Auto Dealers Glossary Terms and Abbreviations

Also known as a "bank fee," an "administrative fee" or an "assignment fee." For a vehicle lease, a fee charged by the leasing company at the inception of the lease that is intended to cover a variety of administrative costs, such as obtaining a credit report, verifying insurance coverage, checking the accuracy and completeness of the lease documentation, and entering the lease into its data and accounting systems.

Auto Dealers glossary and terms by letter

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