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Junior's Auto Repairs
10-29-20
Acquisition fee
Acquisition fee
Category: Knowledge
Posted by: Admin
Also known as a "bank fee," an "administrative fee" or an "assignment fee." For a vehicle lease, a fee charged by the leasing company at the inception of the lease that is intended to cover a variety of administrative costs, such as obtaining a credit report, verifying insurance coverage, checking the accuracy and completeness of the lease documentation, and entering the lease into its data and accounting systems.
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