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Bank Acquisition Fees. What to Expect.

Here is a partial list of bank acquisition fees. If you have leased with a brand or bank that’s not listed here, please share with the rest of us. Fees marked with a (*) are unconfirmed.

UPDATE (12/10/2012) – Had a very interesting conversation with the Honda finance guy the other day regarding bank acquisition fees. My original understanding of bank fees was that they served as two things: 1) loan processing 2) GAP coverage (for most banks). However, there is another little known reason why the amount is so high…apparently, the bank (which is a separate entity from the manufacturer) uses portions of that fee to pay for an multi-million dollar umbrella policy for their leased vehicles in case the lessee damages property or kills someone. As you know, we live in a very “sue-friend” country and when the plaintiff can’t get money from the defendant, we all know who they sue next.

Acura – $595
Audi – $695
BMW – $725
Buick – $795
Chevrolet – $795
Ford– $595
Honda – $595
Hyundai – $595
Infiniti $595 $700
Jeep $795 (Ally)
Kia $595
Lexus – $695
Lincoln– $595
Mazda – $595 (Chase)
Mercedes-Benz – $795
Nissan – $595
Porsche – $895
Range Rover – $795
Subaru – $595
Toyota – $650
Volkswagen – $595
Volvo – $695

Special thanks to everyone who has contributed to this list!

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2011 Orange County Auto Show

I know this post is a bit late since the LA Auto Show is in town and in full swing. I still think it’s a good idea to get some pictures and info out there so you can take a look at what’s new this coming year. The OC Auto Show isn’t exactly the best show in SoCal, but it’s good enough to get a feed for what’s currently out there. Most people hold out for the LA Show because it’s a much more “comprehensive” show than the one in OC. This show seemed more like a giant dealership more than anything. To avoid being repetitive (since I will be posting the LA Auto Show pictures right after this), I will just post the more “unique” photos from this show.

Acura

TL – Small revamp in styling, improved, but not quite the “prom queen”.
TSX – Limited Edition is mostly cosmetic changes. A sedan with sport aspirations.

Audi

A7 – Great looking sedan. Top notch interior quality and very unique design. Not sure of I like this one more of the CLS. I really dig what Audi has done with the Nav by integrating Google’s Navigation system. If you have ever used Google Nav on Android phones, you will know what I mean. If you haven’t, then you are really missing out.

Chevrolet/Cadillac/Buick

Cruze – If you haven’t seen the interior of the Cruze, you’ll be surprised. This car was at the show last year too, but I can’t get over how well Chevy has done with this car’s interior. If you have ever rented any Chevy, you’ll notice how terrible GM has been when it comes to interior quality.

Corvette – This is one way to get people to buy American…

CTS-V Coupe – My favorite American car. Just love the way the seats just hold you and never lets you go.

Chrysler/Dodge/Jeep

Charger SRT8 – The interior quality has really stepped up significantly. I’m still not crazy about the lines on the doors, but the front and back just looks mean! If I had to pick though, I would probably go with the 300. Less racer boy, more rap mogul.

300 SRT8 – Beats by Dr Dre is truly a sick audio system. It boosts my street cred just sitting in the back seat.

Grand Cherokee – Best looking 5-passenger SUV in my opinion. Quality is still suspect (my friend got one and it has been in the shop twice in less than a year), but it’s not surprising since it’s a first year model.

Hyundai

Veloster – Better looking in person…barely. From what I hear, it also looks much sportier than it drives. I would consider one, but only with a Turbo. The interior is nicely laid out, with good ergonamics. It is also feature loaded which makes it that much more attractive. Clearly targeting the 18-24 year-old crowd.

Toyota

Camry – I am NOT a huge Toyota fan right now. Their cares are uninspiring and feel like appliances more than anything else. The incoming Camry is slightly less hideous than the outgoing model, but I still don’t see how they will outsell the Sonata.

Volkswagen

Beetle – Redesign and less girly. Still not as iconic as the original.

GLI – It’s here and the lease rates on this puppy are decent (not great though). Interior quality is still “bleh”, but the red-stitching helps.

Tiguan – It got a nose job to fall in line with the rest of it’s siblings.

Jetta Star Wars Edition – From a performance perspective, this feels like this….If it were a GLI, it would be more like THIS!

Lexus

GS350 – I’ve seen enough of the LF-A to last me a while, so only new thing to report here is the newly redesigned GS350. I barely notice the difference except for a more “linear” design and the Audi-wannabe LEDs.

Honda

CR-V – If only they would actually sell this concept and give us an optional beefier engine (turbo4 or small displacement 6) then the 2012 would be forgiven. I guess that’s asking for too much innovation.

Nissan

Leaf – If you were wondering how the Leaf looks like inside, here are the pics. If you were wondering how the interior materials feel; it’s all hard plastic.

MINI

JCW Cooper Coupe – One thing is for sure, MINI knows how to milk the living crap out of the MINI brand. I am waiting for the MINI Van (pun intended) to show up any minute now.

Land Rover

Evoque – It looks great for a compact crossover. Not sure how comfortable rear passengers will be with such a low roofline, but it really makes owning a crossover cool. I’m not sold on the 2-door model though. The whole point of getting a crossover is to have more practicality, otherwise, I’d get a coupe.

Volvo

S60 – This is the first time I’ve been so pumped about a Volvo as a lease. I’m not all that crazy about the schnoz of this sedan, but the rest of the car looks great. It is also a very good lease for those of you who are willing to give Volvo a try. I haven’t always been open to driving a Volvo (my sister has a few of them and they haven’t exactly been reliable), but as a lease, if the car looks good and the numbers look good, any manufacturer is worth a try.

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