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 Road 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

  PRIVATE PERSONS	Effective as of 01.09.2016
  1. VEHICLE AND EQUIPMENT LEASING
  entry into a capital lease or hire purchase agreement (1)	1,5% of the price of the property, no less than 200 EUR
  entry into a operational lease agreement (1)	1,5% of the price of the property, no less than 200 EUR
  1.1 Amendment of the lease agreement
  changing the payment date (first change is free of charge)	30 EUR
  restoration of the agreement, repayment holiday (along with extending the period regarding the repayment holiday)	65 EUR
  payment of an additional payment of operating lease if accompanied by an amendment (including repayment schedule amendment) of the lease agreement	160 EUR
  payment of an additional payment of capital lease and hire-purchase sales agreement if accompanied by an amendment (including repayment schedule amendment) of the lease agreement (in the case of a fixed interest agreement)	160 EUR
  extension/reduction of the contract period (during the period or at the end of the period) and/or amendment of the type of the contract	120 EUR
  reduction of the interest rate	1% of the outstanding amount, no less than 65 EUR
  1.2 Early termination of the lease agreement
  in the case of an operating lease, capital lease and hire-purchase sales agreement if the agreement has been made before 01 July 2011	free of charge
  If the termination of the agreement takes place within the first 9 months	the interest until the end of the 9th month
  in the case of operating lease if the agreement has been made after 01 July 2011	free of charge
  If the termination of the agreement takes place within the first 9 months	the interest until the end of the 9th month
  in the case of a fixed interest capital lease and hire-purchase sales agreement if the agreement has been made after 01 July 2011	1% of the sum of unpaid instalments if the agreement term expires in 1 year or later; 0.5% of the sum of unpaid instalments if the agreement term expires in less than 1 year
  in the case of a Libor/Euribor capital lease and hire-purchase sales agreement if the agreement has been made after 01 July 2011	free of charge (interest for the period used)
  in case of sale at higher price	65 EUR
  1.3 Penalty	ECB interest rate (3) + 8% (currently 0.022% a day, 8.00% a year)
  1.4 Additional services included in the monthly payment
  Fuel card fee (except full service lease agreement and vehicle management service contract)
  monthly fee of a card with a limit of 100 EUR	1EUR/month
  monthly fee of a card with a limit of 200 – 250 EUR	2,60EUR/month
  monthly fee of a card with a limit of 300 – 350 EUR	3EUR/month
  monthly fee of a card with a limit of 400 – 600 EUR	5EUR/month
  monthly fee of a card with a limit of 700 EUR	6EUR/month
  monthly fee of a card with a limit of 1,000 EUR	7,70EUR/month
  monthly fee of a card with a limit of 2,000 EUR	10EUR/month
  monthly fee of a card with a limit of 3,000 EUR	12EUR/month
  monthly fee of a card with a limit of 5,000 EUR	15EUR/month
  monthly fee of a card with a limit of 7,000 EUR	17EUR/month
  1.5 Additional services as a one-off service
  one-time transfer service (2)	100 EUR
  transport of tyres to a tyre hotel within the territory of the same city (2)	38 EUR
  24-hour emergency assistance service (2)	85 EUR
  Registration operations at Maanteeamet. Performed by lessor's employee (expenses of Maanteeamet are added) (2)	39 EUR
  1.6 Other services
  preparation and sending of penalty invoices (2)	6,40 EUR
  penalty for failure to submit insurance when due	up to 10% of the residual cost of property
  power of attorney of giving property to sublessee (2)	19,20 EUR
  an unattested power of attorney (e.g. using the vehicle, ordering a duplicate to an existing registration certificate, exchange of the license plate, amendment of the user data, etc.) (2)	6,40 EUR
  formalization of Road Administration e-service transaction (2)	3,20 EUR
  notarised power of attorney of the vehicle (e.g. using the vehicle) (within 4 working days) (2)	73,50 EUR
  release of the additional collateral (suretyship, guarantee) (2)	95 EUR
  payment of the costs of removing the vehicle (added to the direct costs of removing the vehicle) (2)	31 EUR
  preparation of certificate (2)	6,40 EUR
  sending a notice on breach and cancellation of the agreement (2)	6,40 EUR
  sending an extract of the fuel card (2)	3,20 EUR
  fee for replacement of the fuel card during the lease term due to the customer's fault (2)	3,20 EUR
  re-formalisation of an invoice	38,35 EUR
  balance confirmations issued by leaser (2)	9 EUR (free of charge on the customer’s form)
  balance comparison notices issued by leaser (2)	19 EUR
  entry into a debt agreement	1% of the outstanding amount, but no less than 159,80 EUR
  contractual penalty for delays in the timely return of the vehicle	50EUR/ day
  document processing fee (2)	31,95EUR, but no less than 6,40 EUR
  vehicle valuation service (incl. passenger cars, caravan cars, motorcycles and ATVs) (2)	50 EUR
  water craft valuation service (incl. launches, motorboats, yachts and sailing vessels) (2)	110 EUR
  truck, trailer, heavy machinery valuation service (incl. excavators, tractors, loaders, hoists, combine harvesters and couplings) (2)	80 EUR
  forestry machinery and equipment valuation service (incl. harvesters, forwarders, manufacturing equipment and machine tools) (2)	130 EUR
  provision of valuation services on site (vehicles, Tallinn)	valuation service fee + 20 EUR
  provision of valuation services on site outside of Tallinn (all propery groups) (2)	fee as agreed

  LEGAL PERSONS	Effective as of 01.09.2016
  2. VEHICLE AND EQUIPMENT LEASING
  entry into a capital lease or hire purchase agreement (1)	1,5% of the price of the property, no less than 200 EUR
  entry into a capital lease agreement (1)	1.5% of the price of the property, no less than 200 EUR
  entry into a full service lease agreement (2)	1.5% of the price of the property, no less than 200 EUR
  entry into a vehicle management service contract agreement (2)	40 EUR
  2.1 Amendment of the lease agreement
  changing the payment date (first change is free of charge)	30 EUR
  restoration of the agreement, repayment holiday (along with extending the period regarding the repayment holiday)	65 EUR
  payment of an additional payment and/or additional financing	160 EUR
  extension/reduction of the contract period (during the period or at the end of the period) and/or amendment of the type of the contract	160 EUR
  lowering the interest rate	1% of the outstanding amount, no less than 65 EUR
  2.2 Amendment of the full service lease agreement
  restoration of the agreement, changing the payment date, repayment holiday (along with extending the period regarding the repayment holiday), amendment of the insurance conditions (2)	78 EUR
  add services into a full service lease agreement	free of charge
  amendment or removal of the services of the full service lease agreement and of the vehicle management service contract (2)	192 EUR
  payment of an additional payment and/or additional financing, extension of the contract period (2)	192 EUR
  reduction of the interest rate	1% of the outstanding amount, no less than 78 EUR
  2.3 Early termination of the lease contract
  fixed-rate agreement	the interest sum of up to 6 months following termination
  agreement pegged to LIBOR/EURIBOR	the interest sum of up to 3 months following termination
  withdrawal from contract at the initiative of the lessee	the contract fee
  2.4 Early termination of the full service lease agreement
  full service lease agreement	the full service lease payment sum of up to 1 month following termination
  vehicle management service contract	the service payment sum of up to 1 month following termination
  2.5 Penalty	0.25% a day
  2.6 Additional services included in the monthly payment
  Fuel card fee (except full service lease agreement and vehicle management service contract)
  monthly fee of a card with a limit of 100 EUR	1EUR/month
  monthly fee of a card with a limit of 200 – 250 EUR	2,60EUR/month
  monthly fee of a card with a limit of 300 – 350 EUR	3EUR/month
  monthly fee of a card with a limit of 400 – 600 EUR	5EUR/month
  monthly fee of a card with a limit of 700 EUR	6EUR/month
  monthly fee of a card with a limit of 1,000 EUR	7,70EUR/month
  monthly fee of a card with a limit of 2,000 EUR	10EUR/month
  monthly fee of a card with a limit of 3,000 EUR	12EUR/month
  monthly fee of a card with a limit of 5,000 EUR	15EUR/month
  monthly fee of a card with a limit of 7,000 EUR	17EUR/month
  2.7 Full service lease additional services inclused in the monthly payment
  fuel card/additional fuel card fee (2)	5EUR/month
  international fuel card fee (2)	5EUR/month
  2.8 Additional services as a one-off service
  one-time transfer service (2)	100 EUR
  transport of tyres to a tyre hotel within the territory of the same city (2)	38 EUR
  24-hour emergency assistance service (2)	85 EUR
  registration operations at Maanteeamet. Performed by lessor's employee (expenses of Maanteeamet are added) (2)	39 EUR
  2.9 Other services
  preparation and sending of penalty invoices (2)	6,40 EUR
  penalty for failure to submit insurance when due	up to 10% of the residual cost of property
  power of attorney of giving property to sublessee (2)	19,20 EUR
  an unattested power of attorney (e.g. using the vehicle, ordering a duplicate to an existing registration certificate, exchange of the license plate, amendment of the user data, etc.) (2)	6,40 EUR
  formalization of Road Administration e-service transaction (2)	3,20 EUR
  notarised power of attorney of the vehicle (e.g. using the vehicle, ordering a duplicate in the case of losing the registration certificate) (within 4 working days) (2)	73,50 EUR
  release of the additional collateral (suretyship, guarantee)	95 EUR
  payment of the costs of removing the vehicle (added to the direct costs of removing the vehicle) (2)	31 EUR
  preparation of certificate (2)	6,40 EUR
  sending a notice on breach and cancellation of the agreement (2)	6,40 EUR
  sending an extract of the fuel card (2)	3,20 EUR
  fee for replacement of the fuel card during the lease term due to the customer’s fault (2)	3,20 EUR
  re-formalisation of an invoice	38,35 EUR
  balance confirmations issued by leaser (2)	9EUR, free of charge on the customer’s form
  balance comparison notices issued by leaser (2)	19 EUR
  entry into a debt agreement	1% of the outstanding amount, but no less than 159,80 EUR
  contractual penalty for delays in the timely return of the vehicle	50EUR/day
  document processing fee (2)	31,95 EUR , but no less than 6,40 EUR
  vehicle valuation service (incl. passenger cars, caravan cars, motorcycles and ATVs) (2)	50 EUR
  water craft valuation service (incl. launches, motorboats, yachts and sailing vessels) (2)	110 EUR
  truck, trailer, heavy machinery valuation service (incl. excavators, tractors, loaders, hoists, combine harvesters and couplings) (2)	80 EUR
  forestry machinery and equipment valuation service (incl. harvesters, forwarders, manufacturing equipment and machine tools) (2)	130 EUR
  provision of valuation services on site (vehicles, Tallinn)	valuation service fee + 20 EUR
  provision of valuation services on site outside of Tallinn (all propery groups) (2)	fee as agreed
  2.10 Small leasing of equipment
  agreement amendment fee	65 EUR
  fee for re-formalisation of the contract to another person (debt transfer agreement)	65 EUR
  early termination fee	the interest sum of up to 6 months following termination

  (1) No agreement fee is charged upon using the financing of the Rural Development Foundation.

  (2) The price is inclusive of VAT at the rate of 20%.

  (3) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate).

• 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 Road Administration.
  • After receiving notification re-register the car at the Road 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 Road 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 Road 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 Road 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 Road 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.