Equipment lease

• Fill in an application for the termination of the contract if you want to pay off the remaining balance in full or sell the equipment 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 liising@swedbank.ee. 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 Transport Administration.
• After receiving notification re-register the vehicle at the 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 Transport Administration.
• Returning the equipment. The leased asset must be presented to the seller for 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 sell the equipment 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 Transport Administration if the vehicle is used in traffic.

• Returning the equipment. The leased asset must be presented to the seller for 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 asset in your name, we will initiate the transfer of the asset in the e-service of the 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 asset 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.