Click to call dark
How To Lease a Vehicle

How to Lease a Car – Explore Your Auto Leasing Options

Leasing a vehicle is a popular option for consumers who are often looking for a new vehicle, but aren’t interested in the commitment of buying, or cannot afford to purchase the vehicle. Thanks to the cost effectiveness and convenience of auto leasing, drivers now have more options when it comes to owning a new vehicle. Leasing a car rather than buying one, is an attractive option to some because you’re only paying for the portion of the vehicle that you own, which means you’re paying less for the vehicle than you would if you purchased it. This translates to lower monthly payments! Plus, how does driving a new vehicle every 2-3 years sound? When you lease a vehicle you have the luxury of driving a brand new vehicle with the best and latest features every 24 to 36 months.

People who choose to lease a vehicle typically have shorter daily commutes, want less maintenance responsibility, and prefer for lower monthly payments over long-term ownership. However, drivers who lease are limited to a certain mileage allowance (i.e. 24,000 miles) over the lease period. In general, drivers with short commutes or less travel overall will find leasing to be beneficial. Drivers who want less maintenance responsibility will also find leasing beneficial, because the vehicle is new and doesn’t require much more than small routine maintenance tasks like oil changes and tire rotations. Although leasing is a great option, it is not meant for everyone since it depends on your unique personal driving habits. At North Brothers Ford we want to help you understand the leasing process, including the term options, financing options, 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 (855) 739-2023. We’re here to help!

The Process of Leasing a Vehicle – Step-by-Step

Whether you’re buying or leasing a vehicle, knowing where to start when beginning your new vehicle search can seem overwhelming, but it doesn’t need to be! We’ve put together a step-by-step guide for how to lease a vehicle. This guide will help get you closer to driving the perfect leased vehicle for your needs and budget!

How To Lease a Vehicle

Assess Your Vehicle and Driving Needs

When looking for a car, truck, SUV, or crossover that you are interested in leasing, you will want to keep a few things in mind including the climate conditions where you typically drive, the purpose of your vehicle, and how much driving you do on a regular basis. For instance, if you live in a climate where you get a decent amount of snow, you might want a vehicle with AWD, typically a crossover, SUV, or truck. If you cannot afford the gas it takes to fuel a large SUV, you might want to consider a smaller vehicle like a crossover or sedan. If you will need to use this vehicle for travel, will the miles allotted in the lease cover that travel distance? Assessing your needs and driving habits will help you determine what type of vehicle you need.

How To Lease a Vehicle

Know What Features You Are Looking For

Depending on you or your family’s individual needs, you may require different features for a comfortable driving experience. Whether it is cruise control, seating for 7, or a large cargo area, by assessing what features are must-haves in your next vehicle, our sales professionals can help you find a car with these specific features. Many times a different trim level may achieve your wants/needs while only affecting your monthly payment slightly. If you’re leasing a vehicle to drive everyday, you might not want to skip out on the features that make your driving experience much better!

How To Lease a Vehicle

Explore Our Resources and Vehicle Inventory Online

Our website is specifically designed with you in mind. At NorthBros.com we offer a wide range of auto research resources, such as our Buying vs. Leasing page, to help you evaluate and decide whether or not leasing a vehicle is the best option for you. You can get pre-approved for a vehicle loan by filling out our secure credit application online, and one of our professional team members will contact you with additional details. If you’re thinking about trading your current vehicle in towards a lease, visit our value your trade page to get a quote!

It’s also important to know that our inventory is always changing. You can view all of our available new Ford models on our inventory page. Here you’ll find the most up to date listing of vehicles on our lot. Once you’ve explored our inventory and found a vehicle you’re interested in, submit a request and we’ll be able to answer any questions you have! We can also make sure the vehicle ready to go by the time you get to our dealership in Westland so that you can take it for a hands-on test drive. Submit a request and our team at North Brothers will help you get the process started!

How To Lease a Vehicle

Visit North Brothers Ford

North Brothers Ford is here to help – from choosing the perfect vehicle, to the financing process, and then what to do when your lease is coming to an end. We want to provide you with an honest and transparent leasing experience. Our professional and friendly team is here to explain every last detail so that you are comfortable and confident in your decision to lease a car, truck, SUV, or crossover at North Brothers Ford.

If you have a vehicle model in mind that you are interested in leasing, visit North Brothers Ford in Westland, MI to take it for a test drive and experience everything it has to offer. We’re here to answer any questions you may have and can help you understand the latest lease 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 (855) 739-2023 you’re your leasing questions today!

How To Lease a Vehicle

Leasing Process at North Brothers Ford

After you have decided on a vehicle that you would like to lease, you will sit with one of our helpful sales representatives and they will help you through the process of leasing. Here are some of the steps you can expect in our leasing process at North Brothers Ford: * Evaluate Payment Options: After you’ve chosen your vehicle, you’ll sit down with one of our sales representatives to go over payment options. We’ll show you multiple down payment and monthly payment options so you can choose whichever fits your budget best. * Finalize Financing: You have the choice to finance through our dealership or through your financial institution. Whichever option you choose, you’ll finalize the paperwork with your sales representative. * Discuss the Delivery: After or during the time of paperwork completion, you’ll discuss the delivery of your new car with your sales representative. The car might be ready to drive off the lot that day, or in some cases it may need additional time at the dealership for a full cleaning and inspection. Either way, you’ll schedule a time to take delivery of your vehicle with your sales rep. * Review Your New Car: This is the time to ask any questions you might have about the vehicle’s technologies or features, and how to use them. Our auto experts are happy to answer any questions you may have! This is also a good time to take a walk around the vehicle to ensure the vehicle is exactly as you expected it.

At North Brothers Ford, we want to make your leasing experience a positive one. Knowing what happens throughout the lease process before coming into the dealership can help you feel confident in your decision. If you have any questions regarding the leasing process, please don’t hesitate to contact North Brothers at (855) 739-2023.

Commonly Used Lease and Financing Terms

At North Brothers Ford we can help you acquire the best financing options for your budget. We hold positive relationships with many lenders in the Westland area so we are able to provide a wide range of financing options for you no matter your credit score. When leasing a vehicle, establishing your monthly payment and financing terms are two important aspects of the process. Some of these terms may seem confusing or like jargon when you’re going through the process, so we want to help you better understand them. We have compiled the most commonly used terms that you will likely encounter throughout your leasing process. Read about what these lease and financing terms mean below. You can contact our finance department with any additional questions you may have!

Credit Score – Your credit score is a three-digit number generated from your credit report. It is calculated to communicate your ability to repay a loan, meaning it represents the risk a lender takes when you borrow money. Several elements contribute to your credit score, including payment history, amounts owed, types of credit used, and new credit obtained. A higher credit score means you’re more likely to pay a loan back on time, while a lower credit score may reflect late payments to numerous lenders. It is important to have a good credit score when leasing a vehicle because it can affect how much you pay monthly on your lease.

Annual Percentage Rate (APR) – The annual percentage rate, or APR, is the interest rate that you will pay annually on your total loan. A higher APR will impact on your monthly payment by increasing it, while a lower APR will mean a lower monthly payment. Many factors go into configuring an APR including credit history, current finances, dealer incentives, your debt-to income ratio, and more. Make sure you thoroughly review your financing options with your sales representative or financial institution so that you completely understand the financial commitment of your auto lease. Be aware that some lenders may advertise annual percentage rates on a monthly basis, rather than annual basis.

Guaranteed Auto Protection (GAP) – Guaranteed Auto Protection Insurance, or GAP Insurance, is a type of auto insurance coverage that covers the difference between the amount the insurance company would offer you for the vehicle in the event of a total loss due to an accident theft during the time of your lease, and the amount still owed on the vehicle. If an accident or theft occurs during your lease where your vehicle is considered a total loss, your insurance company will typically offer you the market value of the car. However, due to depreciation, the market value of the vehicle can often be much lower than what you may still owe on the vehicle at the time of the incident. GAP insurance protects you in this type of situation to help you avoid getting into a potentially scary financial situation. Many times when you lease a vehicle GAP insurance is included in the lease agreement, so we encourage you to talk to your sales representative to clarify whether or not it is included in your case.

The Residual Value of Your Leased Vehicle

The residual value of your leased vehicle is an important aspect to consider when deciding on a vehicle to lease because it affects your monthly payment amount and may impact your decision to purchase the vehicle at the end of the lease. The residual value of your leased vehicle is the amount the vehicle can be purchased for at the end of the lease. The residual value is determined by the bank or lender that issues the lease contract. The residual value is calculated by analyzing past data on the vehicle model and predictions of future customer preference. This means the residual value could differ from year to year, i.e. your lease vehicle may only retain 55% of it’s MSRP value over a 24 month lease this year, but next year it could retain only 40%.

The residual value is established at the time you sign the lease, and affects the monthly payment of the lease. Having a high residual value at the end of your lease can create a lower monthly payment because of the high value it will retain, however it can also lead to a higher vehicle purchase cost at the end of the lease if you choose to buy the vehicle rather than return it. On the other hand, a low residual value will likely translate to higher monthly payments. Residual value is typically non-negotiable, but it’s still important to consider when leasing a car, truck, SUV, or crossover. If you have any questions on how a vehicle’s residual value will affect your lease payment, contact our finance professionals at North Brothers Ford – we’re happy to help.

Lease A Car, Truck, SUV, or Crossover from North Brothers Ford in Westland, MI


At North Brothers Ford in Westland, MI, we value the informed customer and want you to feel confident and knowledgeable when it comes to leasing a vehicle. Depending on your driving needs, leasing can be a great way to have the newest vehicle with the latest features at an affordable price. Our team of leasing professionals can help you find the best vehicle for your needs, and can then help you acquire the right financing that fits your budget. To learn more about the differences between buying and leasing a vehicle, visit our Buying vs. Leasing page.

North Brothers Ford is located at 33300 Ford Rd. Westland, MI 48185 and is very proud to serve our surrounding communities of Wayne, South Lyon, Milford, Novi, Northville, Canton, and beyond! If you have any questions about leasing please don’t hesitate to contact our team of auto experts at (855) 739-2023.

North Brothers Ford

33300 Ford Rd.
Westland, MI 48185 734-928-2108
North brothers ford Quick lane 2

Sales Hours

Mon & Thurs
8:30am - 9pm
Tues, Wed, Fri
8:30am - 6pm
Sat
9:00am - 3:00pm
Sun
Closed
734-928-2108

Service Hours

Mon & Thurs
7am - 8pm
Tues & Wed
7am - 6pm
Fri
7am - 7pm
Sat
9am - 3pm
Sun
Closed
734-821-7451

Collision Hours

Mon & Thurs
7:30am - 8pm
Tues, Wed, Fri
7:30am - 6pm
Sat
9am - 3pm
Sun
Closed
734-821-7429
Quicklane Roush experience tour Nb used cars