Can you explain what acquisition and dealer fees are?

carqbuycarqbuy Member Posts: 62
edited May 2015 in Mercedes-Benz
Can you explain what acquisition and dealer fees are?

Best Answer

Answers

  • kyfdxkyfdx Moderator Posts: 207,889
    The acquisition fee for MBF is $795, and goes to the bank. This covers their administrative costs for originating the lease (pays for GAP insurance, commission to the dealer, etc.. profit?). MBF allows Mercedes dealers to mark up the fee by as much as $300 (extra profit for the dealer).

    A dealer fee is just a way to add more profit to the deal. They can range from $75-$80 in NY or CA, all the way up to $899 (Florida, Georgia).
    Not sure how they got to be so customary, but those big numbers are ridiculous. Some states set a maximum allowable fee.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carqbuycarqbuy Member Posts: 62
    Are the fees the same for BMW?
  • kyfdxkyfdx Moderator Posts: 207,889
    carqbuy said:

    Are the fees the same for BMW?

    Yes.. but their maximum markup on the acquisition fee is $200.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carqbuycarqbuy Member Posts: 62
    Yes. Thank you. 
  • carqbuycarqbuy Member Posts: 62
    Are lease deals better on the BMW 328iGT or the 428ix Gran Coupe?
  • kyfdxkyfdx Moderator Posts: 207,889
    carqbuy said:

    Are lease deals better on the BMW 328iGT or the 428ix Gran Coupe?

    Residuals are 3% higher for the GT. All else being equal, that would give you a lower payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carqbuycarqbuy Member Posts: 62
    What are your thoughts on these 2 BMW models?  Does the 328 GT HAVE ENOUGH POWER?
  • kyfdxkyfdx Moderator Posts: 207,889
    carqbuy said:

    What are your thoughts on these 2 BMW models?  Does the 328 GT HAVE ENOUGH POWER?

    They both have the same powertrain. 240 HP turbo-4.

    I've had a few loaner vehicles with that powertrain. Seems like plenty of power to me.. My wife's BMW has a 230 HP 6-cylinder, and the new turbo-4 is definitely quicker.

    The 4-series sits lower and looks sportier (to me, at least). The GT has great utility with the hatchback.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carqbuycarqbuy Member Posts: 62
    Yes. What are your thoughts on the Mercedes Bennz C300 AWD? Also thoughts on C300 vs. BMW 328GT. TRYING TO DECIDE BETWEEN THESE 2. 
    One more. 2016 are about to hit. Do you usually get a better deal on the outgoing model or about the same on both. 
  • kyfdxkyfdx Moderator Posts: 207,889
    carqbuy said:

    Yes. What are your thoughts on the Mercedes Bennz C300 AWD? Also thoughts on C300 vs. BMW 328GT. TRYING TO DECIDE BETWEEN THESE 2. 
    One more. 2016 are about to hit. Do you usually get a better deal on the outgoing model or about the same on both. 

    I really don't have an opinion. You should get what you want.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • carqbuycarqbuy Member Posts: 62
    Do you know when the 2016 3 series GT will be released?
  • MichaellMichaell ColoradoModerator Posts: 206,303
    carqbuy said:

    Do you know when the 2016 3 series GT will be released?

    Nope.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

This discussion has been closed.