Acquisition Fee Law and Legal Definition
Acquisition fee is referred to as a charge in most auto leasing companies for originating the loan, just as mortgage lenders charge points as an origination fee. This is also termed as a bank fee or an administrative fee. Such a fee is included in all leases. An acquisition fee can be paid up front. Often, this fee is not disclosed in a lease contract. This fee covers items like obtaining a credit report, entering the lease in the data system, and general administrative task involved with assessing the loan. Acquisition fees differ among lease companies and are usually more for costlier vehicles.
Legal Definition list
- Acquisition Debt
- Acquisition Credit
- Acquisition Cost of Equipment [Education]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Assistance [Transportation]
- Acquisition Fee
- Acquisition Indebtedness
- Acquisition Loan [HUD]
- Acquisition of Ownership (Trademark)
- Acquisition Planning
- Acquisition, Development and Construction (ADC) Loan
Related Legal Terms
- Acquisition
- Acquisition and Cross-Servicing Agreement
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Assistance [Transportation]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Credit
- Acquisition Debt
- Acquisition Indebtedness
- Acquisition Loan [HUD]
