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Did We get ripped?
We just leased a 2015 BMW 535i yesterday. This was our first lease not sure everything went in our favor, need to know what you think before I call dealer on Monday. After discounts car was 51,300. We had 3500 in equity in our trade in. Acquestion fee was $925.00 Doc fee $599.00. Then the finance guy says we need to purchase a 5000 insurance policy so that when we return the car if the tires are not good any dents dings etc. we would be covered up to 5000.00 He actually says that the tires will need to be new when returned and also be the run flats that are on and those are $400 each for a total of $1600, and that is what the cost of this protection is but will give us another $3400 in added benefits in case we lose a key fob are there is some minor damage to the car it would be covered, we walk away when we turn it in with no questions asked. So my question is if we only drive the vehicle for up to the 36,000 miles that we leased it for over the 3 year period are we going to have to replace the tires before turning it in, I relize if any are blown are damaged those would be replaced, but are we not paying a monthly payment to cover wear and tear for the 3 years ? And also what does the acqustion fees cover?