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.
Business borrowing
Vehicle leasing
Need a ride? Lease a vehicle for yourself or a fleet for your business through our subsidiary, Prospera Auto Leasing.
Retail and fleet leasing at the right price
Operating across Canada, we provide new and used vehicle leasing, vehicle fleet leasing, leasebacks, and refinancing for individuals, dealers, and brokers. We specialize in open-ended vehicle leases and customized fleet leasing services, and our expertise encompasses finance contract restructuring, including lease buyouts. 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’re fleet leasing specialists with expansive industry experience so we can find you the right solution at the right price with lower administration costs.
- 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 or fleet of vehicles, 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 that 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 financing solutions. It is our customized approach and ability to adapt that truly sets us apart.
How does equipment leasing and financing work?
When you lease equipment, you want a solution that’s tailored to your business needs. Whether you’re leasing new or used equipment, arranging a leaseback, or refinancing, our knowledgeable and efficient team can put the right package together for you.
Explore other business borrowing solutions
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
Power of Attorney information
Who pays for the vehicle insurance?
You are responsible for insuring the vehicle with the amount of coverage required by your lease.
Who pays for the license and registration at purchase?
Lease or buy, you are responsible for licensing and registering your vehicle.
Who is responsible for repairing the vehicle during the lease?
You will need to repair the vehicle and do regular maintenance. Lack of maintenance will erode your equity in the vehicle.
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. Our Account Executives will develop a program with you that best suits your business or personal vehicle and financial requirements.
Let's start with a conversation
To speak with one of our team members about your equipment, vehicle, and fleet leasing needs, please contact us:Email: leasing@prospera.ca
Phone: 1 844 528 3802
Legal
Vehicle and fleet leasing is provided by Prospera Auto Leasing LTD., a subsidiary of Prospera Credit Union.