I just found out Ford is charging me a $500 transaction fee when I purchase my car at lease end. I have been speaking with Ford Credit and the dealer and they only said Tax and Doc fee. WTF?
Have any of you heard of this? My appointment is tomorrow.
Is this your originating dealership? What does your lease contract say under exercising your purchase option?
My fee is in the Lease Agreement at the same rate of $500 as a Purchase Option Price ($395 if I do not purchase or turn it in without leasing a new vehicle). I was aware of it as I read my contract the day of signing.
They would waive the fee sometimes by merely asking in the past, which is not happening in this market. Also, FMC is not involved since you buy from the originating dealer (or another store if you have relocated).
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Try different Ford dealers… you might get lucky with less fees. In today’s mkt they want every $$$ they can get out of you.
Try call other dealer.
My Kia buyout fee was $2500 from the 1st dealer… the 2nd dealer wants $700…
All depends on the dealership.
Having a current Ford lease, the amount should genuinely be in your Lease Agreement (hopefully, you have a copy). It never hurts to ask, but I do not see most dealers waiving a signed contract fee in this market. I even anticipate my dealership trying to raise the cost (I will supply my original contract with the exact price). On the other hand, if it is not in your agreement, I do not see why you should be paying it, and you should make FMC aware so they can step in to dismiss the charge at the store level. I have done that in the past with success.
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