Business borrowing
Vehicle leasing
Need a ride? Lease a vehicle for yourself or for your business through our subsidiary, Prospera Auto Leasing.
Consumer and commercial leasing at the right price
Operating across Canada, we provide new and used vehicle leasing for individuals, dealers, and brokers. Working through our dealer and broker network, we specialize in structing open-ended vehicle leases for consumer and business needs. Our team can get you on the road with a price-competitive program that meets your needs.
Fast turnaround
Customer-centric approach
Flexible lease options
Competitive rates
Transparent decision- making
How can we help you?
- We’re full-service so we can match each individual or business with the very best leasing choice, including flexible lease terms and structures.
- We aren’t tied to a vehicle manufacturer so we can arrange leases for all makes and models of new and used vehicles.
- We’ve been working with vehicle dealers and brokers for more than 30 years so we can deliver the lease options you need with a high level of responsive service.
How does vehicle leasing work?
When you lease a vehicle, you can reduce the monthly cost of ownership and avoid having to pay a lot of money upfront. Through a lease, you pay the difference between the initial cost of the vehicle and the residual value of the car after an agreed upon amount of time. That difference is known as “depreciation”.
Our vehicle leasing team
Our account experts focus on building strong relationships with our dealers and brokers to help them serve their customers better. We answer your needs by offering affordable, customized, flexible lease solutions. It is our customized approach and ability to adapt that truly sets us apart.
Explore other business borrowing solutions in BC
Commercial line of credit
Be ready to seize business opportunities at a moment’s notice.Commercial mortgages
Compared to a loan or line of credit, mortgages generally allow you to borrow more money at a lower interest rate.
Frequently asked questions
I’m changing bank accounts- what do I need to do?
When you update your bank accounts, we must add your new information to our records to ensure that your account does not go into arrears. Send a copy of a voided cheque (write “VOID” across the front of the cheque) for your new account by email to leasing@prospera.ca. Be sure to include your name, lease number and a phone number at which you can be reached. Note that it can take up to 5 business days to update our records.
I’ve received a letter requesting proof of insurance. What do I do?
Most vehicle leasing contracts require that you prove that the leased vehicle is insured. Your insurance company should provide you with a copy of the policy. If you do not have a copy of the policy, you must contact your insurance company to obtain a copy. This should then be emailed to leaseinsurance@prospera.ca. Be sure to include your name, lease number and a phone number at which you can be reached.
Power of Attorney information
In order to properly register, license, and insure your vehicle, a power of attorney may be required. This document permits you to act on behalf of Prospera Auto Leasing when establishing insurance and registration.
If you require a BC Insurance Power of Attorney, please call Westland Insurance at 778-670-9171 or email mapleridgeroad@westlandinsurance.ca for all other inquiries; please contact us at 604-528-3802.
If you require a BC Insurance Power of Attorney, please call Westland Insurance at 778-670-9171 or email mapleridgeroad@westlandinsurance.ca for all other inquiries; please contact us at 604-528-3802.
Who pays for the vehicle insurance?
Lessees are responsible for placing and maintaining active insurance on leased vehicles.
Who is responsible for repairing the vehicle during the lease?
Lessees are responsible for vehicle repair and regular maintenance. Lack of maintenance will erode the vehicle’s equity.
What happens to the vehicle at the end of the lease?
This depends partly on whether it is a closed-end or open-end lease. Please reach out to your originating dealership to discuss your end of lease options.
What do I do if my vehicle has been in an accident or stolen?
We know that experiencing an accident or theft can be incredibly stressful, and we're here to support you every step of the way! If your vehicle has been involved in an incident, the first step is to submit a claim through your insurance company. For repairable vehicles, your insurance provider will help to co-ordinate the repairs, with any deductibles determined by your policy.
If your vehicle is deemed a total loss, don’t worry—reach out to us, and we’ll provide personalized guidance and support throughout the claims process. Our dedicated team is committed to making this experience as smooth as possible for you.
If your vehicle is deemed a total loss, don’t worry—reach out to us, and we’ll provide personalized guidance and support throughout the claims process. Our dedicated team is committed to making this experience as smooth as possible for you.
Let's start with a conversation
To speak with one of our team members about your vehicle leasing needs, please contact us:Email: leasing@prospera.ca
Phone: 1 844 528 3802
Legal
Vehicle leasing is provided by Prospera Auto Leasing a business name of WS Leasing Ltd., a subsidiary of Prospera Credit Union.