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Short answer
In the default lease, an $895 acquisition fee and a $395 disposition fee total $1,290, about 5.2% of the $24,978 total outlay.
1. Fees in the default lease
| Item | Amount | When |
|---|---|---|
| Down payment | $2,500 | At signing |
| Acquisition fee | $895 | At signing |
| 36 monthly payments | $21,188 ($588.55 each) | Monthly |
| Disposition fee | $395 | At return |
| Total outlay | $24,978 |
The two fees total $1,290, about 5.2% of the total.
2. Other charges to check in the contract
- Excess mileage: charged per mile over the allowance. For example, 3,000 extra miles at a hypothetical $0.25 a mile is $750.
- Excess wear and tear: charged for damage beyond normal wear.
- Early termination: usually costly, so check the terms before signing.
- Gap coverage: covers the difference between the car's value and what you owe if it is totaled. Many leases include it, so ask.
3. How to keep fees down
- Ask which fees can be reduced or waived.
- Choose a mileage allowance that matches your driving.
- Do a condition check before returning the car.
4. Frequently asked questions
What is an acquisition fee on a lease?expand_more
A fee charged by the leasing company to set up the lease, paid at signing. The default setup uses $895.
What is a disposition fee?expand_more
A fee charged when you return the car. The default setup uses $395.
How much is the excess mileage charge?expand_more
Your contract sets it. The calculator does not include it, so add it to your total if you expect to go over.
Can lease fees be negotiated?expand_more
Some can. Ask the dealer which fees are fixed and which are flexible.