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PrivateBusiness

Car lease

What business requires, car lease delivers!

Especially favourable conditions for environmentally friendly cars!
Leasing interest rate from 1.49% + 6 month Euribor*.

  • Leasing interest rate on new cars – from 2.49%+ 6 month Euribor.
  • We offer casco insurance as well as motor third party liability insurance.
  • Option to include casco in one monthly payment.
  • Fill in the application in just a few minutes.

*Negative Euribor equals to zero.


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The minimum amount in leasing is 5,600 EUR. Invalid amount! Down payment entered incorrectly!
Financial lease Operational lease (rent)
Monthly payment 0 EUR 0 EUR
Residual value No remaining value EUR
CASCO Insurance* The insurance agreement covers all types of risks (unexpected, unforeseen events leading to damage or destruction of the insured property, for example, fire-related accidents, traffic accidents, vandalism, natural disasters, thefts and similar).

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Show chart

Apply

Show chart

Financial lease
Monthly payment 0 EUR
Residual value No remaining value
CASCO Insurance* The insurance agreement covers all types of risks (unexpected, unforeseen events leading to damage or destruction of the insured property, for example, fire-related accidents, traffic accidents, vandalism, natural disasters, thefts and similar).

Apply

Show chart

* Type of insurance – Standard CASCO insurance, deductible for all events 190 €, theft 15%, but not less than 190 €, broken glass – 0 €.

The offer is indicative only. The calculations may differ depending on the vehicle selected and the customer’s insurance history.

Car 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

Car 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

Car 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
  • Become the owner of the car at the end of the lease period
  • Gradually pay out car purchase value and interest within the lease period
  • Possibility to return a car to the buyback provider or buy it out for residual value at the end of lease period
  • 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 via Internet Bank or apply for consultation.
  2. If the seller is not a cooperation partner of Swedbank, order the valuation report of the car.
  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 Transport Administration.
  6. The car 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.
  • Leasing available for passenger and light commercial vehicles (up to 3.5 tonnes).
  • Financed amount from EUR 5 000.
  • Interest rate from 2.49% + 6 month Euribor*.
  • Down payment from 10%.
  • At the end of lease period vehicle have to be not older than 15 years.
  • Repayment period up to 6 years.

*If the Euribor is negative, it will be valued equal to zero.

Get special conditions when purchasing an electric, low-consumption or hybrid car.

  • Interest rate from 1.49% + 6 month Euribor when buying a car with a CO2 emission level not exceeding 95 g/km*.
  • Interest rate from 1.89% + 6 month Euribor when buying a car with a CO2 emission level of 95–130 g/km*.
  • Special conditions include Swedbank casco insurance with an 10% discount for the first year.
  • The offer is valid for the purchase of a new or used car from cooperation partner of Swedbank, leasing agreement has to be signed digitally.
  • Negative Euribor equals to zero.

*According to the light vehicles test procedure (WLTP) data.

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

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.

    If you intend to drive to or in Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine or Uzbekistan with a leased vehicle or motorbike, you will need to have a Comprehensive Insurance Policy added to your Casco Insurance.

  • 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 Transport Administration. Application for authorisation to take registry steps in the 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 liising@swedbank.ee.
  • 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 car at the Transport Administration.
  • Extending the contract. Fill in an application for termination of the contract. 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 vehicle. The leased car 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. 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 car shall be re-registered at the 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 car 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.

Cooperation partners of full service leasing

If you want to register the leased car in your name, we will initiate the transfer of the vehicle 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 car 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.

Free car assistance and guaranteed original spare parts for repairing cars not older than five years.

All contracts of financial services in one place. You don’t need to worry about payments, they will be paid automatically from your bank account.

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Kind regards,
Swedbank