Commercial vehicle leasing

1. Fill in an application via Internet Bank or apply for consultation.
2. Submit vehicle valuation if needed. Valuation is required if you buy a vehicle and the seller is not a Swedbank cooperation partner. Vehicle valuation can be obtained from our cooperation partners.
3. The lease agreement may be signed via Internet Bank.
4. Pay the down payment, contract fee invoices.
5. Register the vehicle in the name of Swedbank Liising AS at the Traffic Register Bureau of the Estonian Transport Administration.The vehicle must have valid CASCO insurance and Traffic insurance. If your CASCO insurance provider is not Swedbank P&C Insurance AS, send a copy of the policy by e-mail to liisinguadmin@swedbank.ee.

• Price list

  Vehicle and equipment leasing

  In case of full-service lease agreement, all prices are inclusive of VAT at the rate of 20%.

  Vehicles and equipment together with mentioned property.

  NB! Legal person price list also applies for the self-employed.

  Effective as of 01.10.2020

  Agreement fee	1,5% of the price of the property, no less than 200 €
  Amendment of the lease agreement
  changing the payment date (first change is free of charge)	30 €
  changing the agreement period, type, collateral (e.g. surety, guarantee); making an additional payment and or additional financing, restoring an agreement, grace period (incl. with prolonging the lease agreement accordingly); other changes.	160 €
  Early termination of the lease agreement (gaining ownership of the property)
  fixed interest rate agreement	the interest sum of up to 6 months following termination
  floating interest rate agreement	the interest sum of up to 3 months following termination
  full-service lease agreement	the full-service lease payment sum of up to 1 month following termination
  withdrawal from contract at the initiative of the lessee	the agreement fee
  purchasing of the vehicle by a third party in case of operating and capital lease agreements The price is inclusive of VAT at the rate of 20%. In case of operating lease fee is applicable for early termination and contract expiration.	150 € (in addition to termination fees)
  Penalty	0,25% a day
  Other services The price is inclusive of VAT at the rate of 20%.
  an unattested power of attorney of giving property to sublessee	50 €
  an unattested power of attorney (e.g. exchange of the license plate, amendment of the user data, ordering of keys etc.)	10 €
  formalization of Estonian Transport Administration e-service transaction	5 €
  notarized power of attorney of the vehicle (e.g. using the vehicle)	no less than 75 €
  payment of the costs of removing the vehicle (added to the direct costs of removing the vehicle)	30 €
  preparation of certificate	10 €
  sending a notice on breach and cancellation of the agreement, forwarding a fine	10 €
  re-formalization of an invoice (incl. cancelling)	50 €
  confirmation of a balance issued by the lessee	free of charge
  balance confirmations issued by the leaser	10 €
  balance comparison notices issued by the leaser	20 €
  contractual penalty for delays in the timely return of the vehicle	50 € a day
  document processing fee (e.g. archived documents)	30 €
  property valuation service (incl. passenger cars, motorcycles, ATVs)	60 €
  truck, trailer, heavy machinery (incl. excavators, caravan cars, tractors, loaders, hoists, combine harvesters, couplings) valuation service	90 €
  watercraft, forestry machinery and equipment valuation service	130 €
  provision of valuation services on site, in Tallinn	valuation service fee + 20 EUR
  provision of valuation services on site, outside Tallinn	valuation service fee + agreed fee

• General Terms and Conditions of Lease Contract
• General Terms of Full Service Lease
• General Terms of Vehicle MS Contract

• Contract Expiration

  • Once your contract expires and you have no more liabilities to the bank, we will initiate the transfer of the ownership of the vehicle in the e-service of the Estonian Transport Administration.
  • After receiving notification re-register the car at the Estonian Transport Administration.

• Termination of Operating Lease with Residual Value

  • Extending the contract. Fill in an application, we will find an appropriate solution for financing the residual value and prepare a new payment schedule.
  • Paying off the residual value. Fill in an application for termination of the contract. You will receive an invoice, and following the final payment you can re-register the vehicle at the Estonian Estonian Transport Administration.
  • Returning the vehicle. The leased vehicle must be presented to the vehicle dealership for vehicle inspection no later than 1 month before the expiry of the contract. The vehicle must meet the requirements of normal wear at the time of return. Fill in the act of property inspection and return.

• Transfer of The Lease Contract to A Third Party

  • If you want to sell the vehicle passing the leasing contract to the buyer, the buyer must fill in the lease application.
  • Following a positive decision, fill in an application for termination of the contract indicating the details of the buyer.
  • We shall enter into a leasing agreement with the buyer, after which the vehicle shall be re-registered at the Estonian Transport Administration.
  • Note! The previous owner must contact the insurance company and re-register the Traffic Insurance before the re-registration.

• Termination of Full-Service Leasing

  • Returning the vehicle. The leased vehicle must be presented to the car dealership for vehicle inspection no later than 1 month before the expiry of the contract. The vehicle must meet the requirements of normal wear at the time of return.

• Operations at The Estonian Transport Administration

  If you want to register the leased vehicle in your name, we will initiate the transfer of the vehicle in the e-service of the Estonian Transport Administration. Following the payment of the last instalment you must complete the process within five calendar days, starting from the moment the information has been entered into the e-service. You will be notified accordingly.

• Casco and Traffic Insurance

  • If your leasing contract ends, take a look at your insurance contract, too, as it may also end.
  • If you register the vehicle in your name, let us know, so we can register the Casco Insurance contract in your name too.
  • All contracts are accessible to you in the Business Internet Bank, where you can view and change the conditions. For more information please call +372 888 1513 or send an e-mail to varakindlustus@swedbank.ee.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help financing necessary investments if an enterprise does not have sufficient collateral.