1. socalclimber

    socalclimber New Member

    Joined:
    Feb 20, 2006
    4
    0
    Hi all,

    Quick question. The SoCal dealer is quoting me that the drive off fees for leasing an 06 Prius are 1st month's payment, $400 Acquisition Fee, and tags.

    Is the $400 Acquisition Fee standard across all dealerships? In other words, is this dealership marking this fee up? Or even worse, is this fee legit?


    Advise, please.


    Thanks.
     
  2. fshagan

    fshagan New Member

    Joined:
    Aug 24, 2005
    1,781
    3
    Location:
    Noneofyourbusiness, CA
    Your Vehicle Year:
    Other Non-Hybrid
    Model:
    N/A
    Its a "paperwork processing fee" so it might vary from leasing agency to leasing agency. [Edited to add that it appears the fee is imposed by the leasing agency and not the dealership]

    Did you check to see if you still qualify for a tax credit if you lease the vehicle rather than buy?
     
  3. socalclimber

    socalclimber New Member

    Joined:
    Feb 20, 2006
    4
    0
    Well, I am leasing from Toyota Financial Services so the fee is imposed by them. I am pretty sure its a valid fee, I just wanted to make sure that the fee isn't being "padded" by the dealer.

    And unfortunately, I will not qualify for the tax credit. But, I think I qualify for the HOV sticker.