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Why lease?

Prospera offers vehicle leasing to individuals and businesses across Canada.
 

Stay flexible by preserving your cash flow


Vehicles get you where you want to go — to your destination or to the next level in your business — but they’re expensive. Leasing provides an alternative to paying a substantial down payment and high monthly payments. It can reduce your monthly costs and keep your cash flow intact.

Understanding leasing helps you get the most out of it

Paying the total price in cash is still the least expensive way to obtain a vehicle.
When leasing, you only pay off the depreciation amount and not the entire value of the vehicle.
For businesses, instead of tying up large sums of money up front, pay for your vehicle as it contributes to the financial success of your business.
 
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Benefits of leasing for dealers and brokers


  1. You can attract more leasing business by advertising lower monthly payments and less impact on customers’ cash flow.
  2. You can increase repeat leasing business by ensuring customers don’t end up with negative equity. Also, we provide dealers with End-Of-Term reports and send letters to customers referring them back to the originating dealership. Then you can rewrite leases at the end of term.
  3. You can tailor flexible payment structures to each customer’s needs, with leases available on cars, vans, light-, medium-, and heavy-duty trucks and exotic vehicles.
  4. You can create a good source of used vehicles when customers don’t buy out or rewrite the lease. You have the opportunity to buy off-lease vehicles to retain in your inventory for resale. Off-lease vehicles often provide better grosses than the average used vehicle from other sources.

Benefits of leasing for customers


  1. You pay less upfront — generally, just the first monthly payment and the security deposit. Then your vehicle is yours to enjoy.
  2. You can upgrade more quickly thanks to shorter-term leases. Vehicle leases ranges from 24 to 60 months.
  3. You can set the residual value (the value at the end of the lease) for a vehicle as low as $250.
  4. You spread out tax payments, paying tax with each lease payment instead of all at once on purchase. This saves you money as you are not paying interest on the tax portion.
  5. You may be able to write off a portion of the tax if you own a business, are self-employed, or are a commission-based salesperson that uses their vehicle generate income.
  6. You don’t have to worry about kilometer restrictions or wear-and-tear penalties with an open-end lease.

Want to learn more?

Vehicle leasing is provided by Prospera Auto Leasing (A business name of WS Leasing Ltd., a wholly owned subsidiary of Coast Capital Savings Federal Credit Union)