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Commercial vehicle leasing

Machinery for new possibilities

  • For new and used commercial vehicles.
  • Easy to set up in internet bank - from applying to final repayment.

Apply and we will contact you with suitable solution.

Fill in an application in 5 minutes Get personalized offer Sign the agreement via Internet Bank
The minimum amount in leasing is 6000 EUR. Invalid amount! Down payment entered incorrectly!
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Commercial lease payment schedule sample

Payment Residual value* Principal payment Interest payment Document processing fee VAT Total
0 0.00 0.00 0.00 0.00 0.00 0.00
  • Lorries and trucks,
  • Semi-trailers and trailers,
  • Buses,
  • Special purpose vehicles.
  • Become the owner of the vehicle at the end of the lease period.
  • Gradually pay out vehicle purchase value and interest within the lease period.
  • Possibility to buy a used or new vehicle.
  • Possibility to return a vehicle to the buyback provider or buy it out for residual value at the end of lease period.
  • Suitable for buying a new or used vehicle.
  • The seller of the asset is a private person or a company not liable to VAT.
  • Goods are not subject to VAT.
  • No VAT is added to the monthly payments.
  1. Fill in an application digitally via Internet Bank or apply for consultation.
  2. We will contact you.
  3. Submit equipment valuation if needed.

    Valuation is required if you buy a equipment and the seller is not a Swedbank cooperation partner. Valuation can be obtained from our cooperation partners.

  4. The lease agreement may be signed via Internet Bank.
  5. Manual on the digital signing of leasing documents
  6. The seller initiates the registration of the vehicle at the name of Swedbank Liising AS at the Traffic Register Bureau of the Transport Administration.
  7. Pay the down payment, contract fee invoices.
  8. Transport Administration e-service guide for vehicle vendor
If the vehicle is used in traffic, the equipment 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 or upload to the Internet Bank by selecting Everyday Banking -> Document Management -> Document upload -> Type: Insurance documents -> Subtype: Casco Insurance.

View the financing eligibility of your business

The financing eligibility of your business is based on its latest annual report. Responsible corporate behaviour creates easier and more favourable access to funding.

{ "yAxis": { "min": 0, "max": 100 } }
  1. Log in to the Internet Bank.
  2. View your financing eligibility level.
  3. Identify your strengths and weaknesses.
  4. If you do not see the financing eligibility level of your business or if you have any questions, please book an appointment for a personal consultation.


Your company’s loan eligibility is based on your latest financial statement, so be sure to do your accounting properly and keep the financial statements up to date.

Up to date annual, and sometimes quarterly, financial statements are instrumental in the loan application process.

Your equity is:   EUR.

Equity ratio is:  %.

The bigger the self contribution in a company’s assets, the lower the credit risk related to the company.

EBITDA Earnings before interest, taxes, depreciation and amortization   EUR.

A company’s ability to generate profit is an important factor in financial eligibility evaluations.

A company should have enough cash available to cover potential additional liabilities.

To be eligible for financing, a company must have a sufficient level of turnover or a future project with good turnover potential. A sustainable pace of turnover growth is one sign of a financially healthy company.

Credit history

Your company’s credit history is one of the most important factors in determining your loan eligibility. Normally, this means reviewing the payment history of your company, other companies related to it and key people involved. You can find more information about the personal data processing here.

Timely payments of existing and past loans held by your company with Swedbank is one of the key elements of the financial eligibility of both the company and related individuals.

The status of payment discipline at your company and its group members in respect to third parties helps us understand whether your company is a responsible partner.

Relationship with bank

Please let us know if you have recently changed the name of your company, its ownership or area of business. Make sure to complete and update your anti-money laundering (AML) questionnaire, as this is an essential part of loan applications.

A completed and up to date Customer data questionnaire is a prerequisite for applying for a loan from Swedbank.

A sustainable and long-term relationship with the bank creates beneficial conditions when applying for financing.

Blocked accounts can be a clear indication that a company is experiencing difficulties.

The longer your business has been operating, the more trustworthy it is for us.

  • Leasing available for commercial vehicles (above 3.5 tonnes).
  • Financed vehicle from 6 000 €.
  • Down payment from 10%, smaller down payment is possible with EIF guarantee.
  • At the end of lease period vehicle must be not older than 12 years.
  • Repayment period up to 6 years.

Vehicle and equipment leasing

In case of full-service lease agreement, all prices are inclusive of VAT.

Vehicles and equipment together with mentioned property.

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

Effective as of 15.06.2023 Effective as of 01.11.2023
Agreement fee 1% 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.

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.
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) 80 €
provision of valuation services on site agreed fee
truck, trailer, heavy machinery (incl. excavators, caravan cars, tractors, loaders, hoists, combine harvesters, couplings, forestry machinery), watercraft and equipment valuation service agreed fee
watercraft, forestry machinery and equipment valuation service agreed fee
provision of valuation services on site, in Tallinn agreed fee
provision of valuation services on site outside of Tallinn agreed fee

You can:

  • extend the term;
  • apply for a grace period;
  • make early partial repayments.

To change the contract please submit an application

Authorisation for Use of The Vehicle

  • Using the vehicle in Estonia and elsewhere in the EU no authorisation is required.
  • Using the vehicle in another foreign country fill in the Application for Authorisation.

    NB! Before travelling abroad with your leased vehicle, make sure that CASCO insurance is valid in the countries you will be driving in.

  • Changes in The Vehicle Registry Data

    If you would like to change the registry details of the vehicle, you will need an unattested letter of authorisation issued by Swedbank Liising AS in order to take registry steps in the Estonian Transport Administration. Application for authorisation to take registry steps in the Estonian Transport Administration.

  • Fill in an application for the termination of the contract if you want to pay off the remaining balance in full or sell the vehicle before due date.
  • In the case that the vehicle is purchased by a third person, we require a confirmation from the buyer via a bank notice or e-mail at Final invoice preparation could take up to 2 weeks. Swedbank Liising AS has the right to refuse to prepare the final invoice to the third party indicated in the invoice. In case the lease object is being purchased by a third person, then service fee will apply according to the pricelist.
  • You will receive an invoice, and following the final payment you can register the vehicle at the Estonian Transport Administration in your or the buyer’s name.
  • 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.
  • 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.
  • 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.
  • 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.
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.
  • 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

To find out which financing option would work best for your company, sign up for a consultation!

Choose the purpose of financing and find suitable loan.

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