[russelldav]

My dealer needs to run off a new quote for me before I collect later this month, as the lease rate has dropped by 0.5% since I ordered my car.

The new quote contains both a Admin fee ($495 CAD / $368 USD) and a Lease/Finance fee ($395 CAD / $294 USD).

I have queried this as I don't think I should pay both the Admin and the Lease/Finance fee since I believe the former should be paid by BMWFS who are effectively buying the car. The initial response from the Finance rep is "As for the admin fee, this goes towards staff salaries and is applicable to all sales, leases and finances.".

Am I right to push back on the $495 Admin fee on this basis? Is it normal to pay both?

[russelldav]

Anyone?

[512systems]

Originally Posted by russelldav

My dealer needs to run off a new quote for me before I collect later this month, as the lease rate has dropped by 0.5% since I ordered my car.

The new quote contains both a Admin fee ($495 CAD / $368 USD) and a Lease/Finance fee ($395 CAD / $294 USD).

I have queried this as I don't think I should pay both the Admin and the Lease/Finance fee since I believe the former should be paid by BMWFS who are effectively buying the car. The initial response from the Finance rep is "As for the admin fee, this goes towards staff salaries and is applicable to all sales, leases and finances.".

Am I right to push back on the $495 Admin fee on this basis? Is it normal to pay both?

Originally Posted by russelldav

My dealer needs to run off a new quote for me before I collect later this month, as the lease rate has dropped by 0.5% since I ordered my car.

The new quote contains both a Admin fee ($495 CAD / $368 USD) and a Lease/Finance fee ($395 CAD / $294 USD).

I have queried this as I don't think I should pay both the Admin and the Lease/Finance fee since I believe the former should be paid by BMWFS who are effectively buying the car. The initial response from the Finance rep is "As for the admin fee, this goes towards staff salaries and is applicable to all sales, leases and finances.".

Am I right to push back on the $495 Admin fee on this basis? Is it normal to pay both?

These fees are completely bogus...but basically every dealer does it and is allowed to do it. You'll have no luck trying to get BMWFS to pay the lease fee...trust me YOU'RE buying or "renting" the car. That would be like trying to get them to pay or split the rent charge with you. They aren't buying it...they're allowing you to rent it from them. Either way...that isn't a BMWFS fee that they would be putting in place I would guess. They would have a lease inception fee that they're charging you most likely. The dealer is probably profiting solely from those fees.

[russelldav]

Originally Posted by 512systems

These fees are completely bogus...but basically every dealer does it and is allowed to do it. You'll have no luck trying to get BMWFS to pay the lease fee...trust me YOU'RE buying or "renting" the car. That would be like trying to get them to pay or split the rent charge with you. They aren't buying it...they're allowing you to rent it from them. Either way...that isn't a BMWFS fee that they would be putting in place I would guess. They would have a lease inception fee that they're charging you most likely. The dealer is probably profiting solely from those fees.

I was hoping only one of the fees would apply but I guess it's a long shot. It's small beer but still annoying.