Full service heavy machinery lease

Every company needs quality machinery and equipment to be successful

The full-service heavy machinery lease is easy: just calculate the amount of monthly payment suitable for your company and all your equipment-related costs will be covered.

Advantages

  • You can use full-service heavy machinery lease to buy new or used equipment: building and warehouse equipment (loaders, backhoes, warehouse lifts, material lifts); agricultural equipment (tractors, combine harvesters); commercial vehicles (means of transport, trailers, buses).
  • This is an operational lease that does not burden the balance sheet of your company. You can use the property during the agreed lease period and return it to the lessor at the end of the period.
  • Easily forecasted expenses. One monthly payment where can be easily added all kind of expenses related to the use of the property (insurances, maintenance, unforeseeable repair works) which can be conveniently settled through the lessor.
  • You can choose whether you want to pay the costs according to the incoming invoices or the budgeted costs will be divided equally between the payments of full service leasing. You can choose whether you want to pay the costs according to the incoming invoices or the budgeted costs will be divided equally between the payments of full service leasing. Because the monthly summary invoice is prepared on the basis of the invoices accrued during the previous calendar month, it will also extend your payment deadline.
  • Risk management: externalisation of costs enables you to plan more efficiently the cash flows of the company. If you save money in a repair fund as monthly payments, you will be able to cover unexpected expenses for the property’s repair works. The unused part of the repair fund will be returned to you at the end of the lease period.

Terms and conditions and application

  • Value of property from 10 000 eur
  • First downpayment from 10% of the property’s value
  • Validity of the contract up to 6 years
  • Insurance the leased property must be insured. Regarding equipment our cooperation partner is Salva Kindlustuse AS and regarding commercial vehicles Swedbank P&C Insurance AS.

If you want to obtain heavy machinery to the company, please fill in the application and send sales proposal, your company’s balance sheet and income statement for the last quarter to your customer executive or to the address liisingutaotlused@swedbank.ee.

Actions in case of insured event

Upon occurrence of accident with your property, you must immediately notify us thereof (no later than within three workdays). We ask you also to fill in notification of loss of the vehicle, to add a copy of driver’s licence and vehicle registration certificate and forward this via e-mail to taisteenusliising@swedbank.ee.