Contact

Serra Honda Grandville

4260 Kenowa Ave SW
Directions Grandville, MI 49418

  • Sales: 616-667-4500
  • Service: 616-667-4500
  • Parts: 616-667-4500

Hours

  • Monday 9:00AM- 7:00PM
  • Tuesday 9:00AM- 7:00PM
  • Wednesday 9:00AM- 7:00PM
  • Thursday 9:00AM- 7:00PM
  • Friday 9:00AM- 6:00PM
  • Saturday 9:00AM- 4:00PM
  • Sunday Closed
 
The Vehicle Leasing Process - Explore Your Leasing Options

Choosing to lease a vehicle is a purely personal decision depending on an owner's driving habits and needs in a vehicle. Leasing a vehicle is a popular option for consumers who are looking for a new vehicle, but aren't interested in buying a vehicle, thanks to the cost effectiveness and convenience of leasing. Leasing a car is an attractive alternative to buying because you're only paying for a portion of the vehicle, typically making it a more affordable option monthly. Not to mention, people who lease have the freedom to drive a new car with the latest and greatest features about every 2-3 years since lease periods typically last 24-36 months.

Someone who might find leasing more convenient than buying typically desires a new vehicle, has a shorter daily commute, doesn't want to deal with in depth auto maintenance, and is interested in a lower monthly car payment. With a lease you'll have:
  • Lower monthly payments because you're only paying for a portion of the car
  • Minimal maintenance because it's a new vehicle and will typically only require basic maintenance like oil changes and tire rotations for the first 2-3 years.
  • A brand new vehicle!
  • A mileage allowance. You can drive a set number of miles without incurring a per mile fee.
Although leasing is a great option for some, it is not meant for everyone. For instance, if you drive more than the mileage allotment during the lease period, you might want to consider buying a car. You can check out our Buying vs. Leasing Guide to see a full side-by-side comparison of each option. At Serra Honda Grandville, we want to help you understand the leasing process, including the lease term options, financing, and the impact of the vehicle's residual value when you lease. If you any questions about what's best for you, contact our team of auto experts at (877) 236-9113. We're here to help!
How To Lease a Car - Step-By-Step Lease Process

STEP ONE:

Assess Your Vehicle Needs and Driving Style
This first step is important because it takes into account your driving habits and translates them into your vehicle needs. Assessing your driving habits means considering how many miles you drive, how many passengers you regularly have or need room for, what type of environment you drive in, and how much gas you require for your travels. All these factors will give you an idea of what you need in a vehicle. For instance, if you regularly have 5+ passengers, you might want an SUV. If you drive in the city, driving a smaller fuel-efficient vehicle might be the best option for you. At this step, it’s also important to establish a monthly budget you’d like to maintain, which includes considering your fuel budget.

STEP TWO:

Make a List of Vehicle Features You Want and Need

If your leased vehicle is going to be your everyday-driver, there may be certain vehicle features that you don’t want to live without! Whether it is cruise control, smartphone connectivity, remote start, leather seats, etc., put it on a list of your “must have” features. These items can truly transform your everyday driving experience, so it’s important to know where you’re not willing to compromise. Note that sometimes different trim levels may only have a minimal effect on your monthly payment, but may be able to provide every feature you desire.

STEP THREE:

Explore Our Resources and Vehicle Inventory Online

Our website is specifically designed with you in mind. We want you to have an easy and positive vehicle leasing experience, so at SerraHondaGrandville.com we offer a wide range of auto research resources that will guide you through the entire process so you can feel confident to make an informed decision about your vehicle needs. For starters, you can check out our Buying vs. Leasing Guide to evaluate whether or not leasing a vehicle is the best option for you. Whichever option you choose, you can get pre-approved online by filling out our secure credit application form, and one of our professional staff members will contact you with more details on what to do next.

Not sure which specific Honda vehicle is right for you? Check out our New Vehicle Inventory, where you can click on each vehicle to learn the specifics of each. Once you’re ready to find the specific vehicle that meets your needs, start browsing our Inventory which is updated daily! Each vehicle within our inventory offers you the opportunity to submit a request to our wonderful Serra Honda Grandville team members, where they can help answer your questions, schedule a test drive, and get you one step closer to your next leased car, truck, crossover, or SUV.

VIEW INVENTORY

STEP FOUR:

Visit Serra Honda Grandville in Grandville, MI
​From picking out the perfect vehicle, to what to do when your lease expires, Serra Honda Grandville is here to guide and help you through the entire leasing process. We’re here to answer any questions you may have and can help you understand the latest rebates, offers, and incentives that may reduce your monthly payment. From vehicle options to financing opportunities, we will help you find the right vehicle to fit your needs. Call our team of experts at (877) 236-9113 with your leasing questions today!

Whether you’ve submitted a request online and scheduled an appointment with one of our auto experts, or if you’d like to just stop by to browse our lot, come see us today to take the next step in your auto leasing journey!

STEP FIVE:

Purchase Process at the Dealership
Once you have decided on a vehicle and have been pre-approved by your bank or Serra Honda Grandville for an auto loan, one of our friendly sales professionals will sit down with you to complete the leasing process. The following steps are what you can expect to encounter at our dealership:

Review Payment Options: Regarding the vehicle you have chosen, your sales professional will go through payment options with you and you’ll review each one to decide which option works best for you. Payment options will vary depending on the length of the lease, down payment, APR, and more.

Finalize Financing: Once you’ve decided to finance your vehicle lease through the financial institution of your choice or through our dealership, our experienced finance team will finalize the paperwork with you.

Schedule Vehicle Delivery: After the paperwork is completed for your lease, we’ll set up a time for you to take home your new car, truck, SUV, or crossover. This could be immediately or at a later scheduled date depending on the vehicle’s availability. We always want to make sure the vehicle is clean, polished, and completely ready for you to roll off the lot.

Review the Car: Upon delivery, our team will show you around your new car! You will want to take time to look around the outside and inside of your new vehicle to make sure everything is what you expected, and to ask any questions you might have about certain features or technologies.

Our friendly auto professionals at Serra Honda Grandville work hard to make your leasing process simple and concise. Our team has countless years of leasing experience and knowledge, that they put to work with the goal of helping our customers understand the process just as well. If you have any questions on the leasing process, or your leasing options, contact our team at (877) 236-9113.
Vehicle Lease Payment Options and Financing Terms

When leasing a vehicle, establishing your monthly payment and financing terms are two important aspects of the process. As you might have read in the leasing process steps above, you'll review your payment options and financing terms after you've decided on a vehicle. At Serra Honda Grandville, we can help you acquire the most competitive interest rates and offer you the overall best financing options for your budget. To help you understand the financing of your lease and lease payments, we have compiled some of the commonly used finance terms that you will likely encounter throughout your leasing process:
  • Annual Percentage Rate (APR) - APR, or annual percentage rate, is the interest rate that you will pay annually on the total value of your auto loan. Your APR has a direct effect on your monthly car payments: A higher APR usually means a higher monthly payment, while a lower APR usually means a lower monthly payment. There are many factors that are involved in configuring your APR including, credit history, current finances, dealer incentives, your debt-to income ratio, and more. Many times you'll see 0% APR advertised, however, it's important to understand that your ability to receive that rate depends on a great credit score.
  • Credit Score - Your credit score is a three-digit number generated upon your payment history, types of credit used, current debts, hard credit checks, and new credit obtained. The higher the credit score, the better. A poor credit score may reflect late payments to lenders, therefore affecting your APR, and in the end your monthly vehicle payment. Contact our experienced and knowledgeable finance department today with any additional questions you may have.
Your Vehicle's Residual Value and How It Affects Your Monthly Payment

The residual value of your leased vehicle is the amount the vehicle can be purchased for at the end of the lease. In other words, it is how much the car will be worth at the end of your lease period. The residual value is determined by the lender that issues the lease contract through data-based projections from past models and a prediction of future consumer preference. This means that as vehicle models change, the residual value of a model could differ from year to year.

So why would it be important to consider residual value when leasing a vehicle? The residual value is established at the time you sign the lease and it affects your monthly payment. Having a high residual value at the end of your lease will usually mean a lower monthly payment since the vehicle retains its value. However, if you choose to buy the vehicle at the end of the lease, it will also mean that the purchase price will be higher as compared to a low residual value. Residual value is typically non-negotiable, but it's still important to consider when leasing a car, truck, SUV, or crossover, especially if you're thinking about purchasing the vehicle after the lease is up. If you have any questions on how a vehicle's residual value will affect your lease payment, contact our finance professionals at Serra Honda Grandville and we'd be happy to explain!

Leasing A Car, Truck, SUV, or Crossover from Serra Honda Grandville Near Grand Rapids


Our friendly, helpful, and experienced team of auto professionals wants you to have a positive and seamless experience when leasing a vehicle! We'll not only help you understand the entire leasing process, but also help you choose the perfect car, truck, SUV, or crossover from our inventory! While leasing is not for every driver, it is a great way to have a new vehicle with the latest features at an affordable price. We're happy to assist our neighbors in West Michigan with leasing a new Honda vehicle, including our local communities of Grand Rapids, Wyoming, Hudsonville, Byron Center, Holland, Kentwood, and more! If you're ready for a test drive, stop by our dealership located at 4260 Kenowa Ave. SW, Grandville, MI 49418, and don't hesitate to call us with any questions or concerns at (877) 236-9113.