Lease acquisition cost
I have a 335i that I bought several years ago. I'm currently shopping for an X5 for the mrs. I'm considering all my options, including leasing. I have never leased a BMW before, but have leased other makes. The lease acquisition costs have been around $500.
The BMW lease acquisition cost is $950 and there is also the documentation fee of $350. This is well over $1,000 in fees (in other words, hefty profit, even after deducting the administrative salaries and detailers). I challenged these costs and the sales guy gave me the "yeah, it's the bank fee and we don't get any of that." Anyway, I called BMW Financial Services and asked them about this $950 fee. They told me clearly that it is 100% dealership fee.
Please don't get me wrong as we're in the capitalistic society so I don't fault people (even dealerships) for making money. But don't lie to my face.
Before I confront them, want to get an idea if anyone had any luck negotiating these fees down?
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