625??

esilver · 02-02-2007, 10:11 PM

OK so finally picking up my car tomorrow! 328i if you were wondering...anyway i was going over the contract and i noticed a $625 fee included in the money up front along with my taxes, first month payment, security payment, and DMV fees. anyone know what this could be??

Inuyasha · 02-03-2007, 12:29 AM

Could be the bank fee, credit check, paper work etc. I would ask your dealer, they have to disclose it.

bavarian19 · 02-03-2007, 08:09 AM

probably just another BS fee to add money into your sale...

SteveMD · 02-03-2007, 08:57 AM

It's the acquisiton fee - mandatory. Can be marked up to $825 so count yourself lucky. Frankly I'm amazed you leased a car and didn't know about it. I hope you got a good deal.

The acquisition fee is basically the cost of doing a lease. It includes gap insurance/coverage to protect BMW when you total the car.

pander5 · 02-03-2007, 08:58 AM

Destination is $695 and I've found that to be non-negotiable. Is it $625 or
$695? Like DarkAgent says, ask your dealer and if they say it's for doing paperwork or some other dealer BS task talk them out of it or at least reduce it considerably. If it's for a clerk to run paperwork that's a cost of doing business and maybe an attempt to recapture $20 for his/her time might be more reasonable.

(EDIT: SteveMD answered what it might be as I was sending my post.)

02-02-2007, 10:11 PM	#1
esilver New Member 0 Rep 17 Posts Drives: Civic Join Date: Dec 2006 Location: NY iTrader: (0)	625?? OK so finally picking up my car tomorrow! 328i if you were wondering...anyway i was going over the contract and i noticed a $625 fee included in the money up front along with my taxes, first month payment, security payment, and DMV fees. anyone know what this could be??
	Appreciate 0 Tweet Quote

02-03-2007, 12:29 AM	#2
Inuyasha “One finds limits by pushing them” 125 Rep 529 Posts Drives: M2C Join Date: Dec 2006 Location: NYC iTrader: (0)	Could be the bank fee, credit check, paper work etc. I would ask your dealer, they have to disclose it.
	Appreciate 0 Quote

02-03-2007, 08:09 AM	#3
bavarian19 General 549 Rep 18,849 Posts Drives: Car Join Date: Mar 2005 Location: VA iTrader: (23)	probably just another BS fee to add money into your sale...
	Appreciate 0 Quote

02-03-2007, 08:57 AM	#4
SteveMD Colonel 202 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	It's the acquisiton fee - mandatory. Can be marked up to $825 so count yourself lucky. Frankly I'm amazed you leased a car and didn't know about it. I hope you got a good deal. The acquisition fee is basically the cost of doing a lease. It includes gap insurance/coverage to protect BMW when you total the car. __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
	Appreciate 0 Quote

02-03-2007, 08:58 AM	#5
pander5 Special Forces - Discretion is superior 32 Rep 1,011 Posts Drives: 335i Coupe Sapphire Black Join Date: Mar 2006 Location: Tampa, FL iTrader: (0) Garage List 2007 335i Coupe [0.00]	Destination is $695 and I've found that to be non-negotiable. Is it $625 or $695? Like DarkAgent says, ask your dealer and if they say it's for doing paperwork or some other dealer BS task talk them out of it or at least reduce it considerably. If it's for a clerk to run paperwork that's a cost of doing business and maybe an attempt to recapture $20 for his/her time might be more reasonable. (EDIT: SteveMD answered what it might be as I was sending my post.) __________________ M3 + trailer hitch = oxymoron
	Appreciate 0 Quote