A fee, charged to the lessee by the lessor, for acquiring the vehicle and processing the paperwork.
The total charges and commissions paid by any party in connection with the selection or purchase of property by a direct participation program. Included in the total is any real estate commission, acquisition expense, development fee, selection fee or construction fee of a similar nature. The fee is added to the basis in the asset for the purpose of depreciation and calculating gain or loss.
An acquisition fee is a charge for processing a lease and is probably not negotiable. On a shorter-term lease, the acquisition fee can have a large impact on the cost of the lease.