NAiLs00
Member
- Joined
- August 8, 2018
- Messages
- 48
- Reaction score
- 7
- City, State
- WI
- Year, Model & Trim Level
- 2015 Explorer Sport
Hey All!
I've got a 2015 Explorer Sport that I'm currently leasing, but it's due to be returned at the end of August. I'm planning on buying it, as I'm not interested in a 2019, but I am interested in a 2020. So I was chatting with the dealership about doing a short-term lease or buying mine and then trading it for a 2020, in which buying seems to be the best option.
The dealership drew up the service contract if I want to do a loan, but I'm a wee bit confused by a couple fees...
I see that a "lease acquisition" fee is pretty typical, though when I started my lease, this was never discussed with me, nor do I think it's on my contract. So that's a $500 fee. Then the dealer also has a $279 "dealer fee," which they tell me is for doing paperwork. So here I am, looking at $800 in fees just to buy the vehicle that I've driven the last three years. Kind of makes me think about finding something else for a year or so, but I'm not sure.
Has anyone been successful in getting these bogus fees removed? My dealer said they won't negotiate on them. Kind of gets me wondering if I should chat with a different dealer about purchasing and if they'd charge me these stupid fees.
My residual value is $26,200, roughly, but we're talking about $2,400 in just taxes and fees (plus title and registration)... Makes the purchase a little harder to decide on.
What do you all think? This is my first lease, so all of this is new to me.
Thanks!
-Brian
I've got a 2015 Explorer Sport that I'm currently leasing, but it's due to be returned at the end of August. I'm planning on buying it, as I'm not interested in a 2019, but I am interested in a 2020. So I was chatting with the dealership about doing a short-term lease or buying mine and then trading it for a 2020, in which buying seems to be the best option.
The dealership drew up the service contract if I want to do a loan, but I'm a wee bit confused by a couple fees...
I see that a "lease acquisition" fee is pretty typical, though when I started my lease, this was never discussed with me, nor do I think it's on my contract. So that's a $500 fee. Then the dealer also has a $279 "dealer fee," which they tell me is for doing paperwork. So here I am, looking at $800 in fees just to buy the vehicle that I've driven the last three years. Kind of makes me think about finding something else for a year or so, but I'm not sure.
Has anyone been successful in getting these bogus fees removed? My dealer said they won't negotiate on them. Kind of gets me wondering if I should chat with a different dealer about purchasing and if they'd charge me these stupid fees.
My residual value is $26,200, roughly, but we're talking about $2,400 in just taxes and fees (plus title and registration)... Makes the purchase a little harder to decide on.
What do you all think? This is my first lease, so all of this is new to me.
Thanks!
-Brian