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.