FYI: Acquisition fees

[Garageaholic]

I was just about to sign the papers to buy my '99 540i when i saw a $1495 fee for what's called a "bank acquisition fee". This charge was nearly 10% of the cost of the car (including tax!!).

I refused to pay it, so they bumped it down to $895, which is typical as per http://www.leasetips.com/undisc_acqisition.htm.

$1495 to draw up papers, look into credit?!?!?!? fuck that.

I eventually thought about it and said no. I want my deposit back and I drove away in my old eta. I refuse to pay "the man" for shit that he doesn't deserve. It's my hard earned money.

Just so all you know. That's all.

[atomic]

lot fees and doc fees are all BS charges that dealers try to get to help pad their pockets and if they need to they reduce these fees or get rid of all together to make it look like you are getting a better deal once you get to the paper work phase of the deal... DO NOT EVER PAY THESE BS FEES EVER !!!! I know that dealers I use to deal with on a daily basis all charged a $895(new car) lot fee which was used to cover the cost I was charging them to get the cars ready for their lots. But keep in mind that their cost that I was charging them was $75 a car !!!! So a $820 mark up for a new car get ready prep !!!

[Garageaholic]

All bullshit.... all bullshit.