If you have a capital lease or hire purchase contract with residual value, you can apply for extension of the contract to
pay the instalment according to a new payment schedule. In order to extend the contract, please send an application to
firstname.lastname@example.org before the expiry of the contract, and include the period for which you would like to extend the
contract. We will then send you an indicative offer, which is subject to the existence of a relevant positive credit
decision. A contract fee as set out in the valid price list of Swedbank must be paid for the extension of a lease contract.
If the amount of the last instalment is smaller than €5,000, we will offer you a car loan for financing the residual value
of the contract. In the case of a car loan, we will transfer the borrowed money to your account and you can use to pay off
the residual value of the lease. You will become the owner of the vehicle after paying the residual value of the lease. The
vehicle must be registered in your name in the Traffic Registry of the Estonian Road Administration within 30 days of entry
into the loan agreement. Please note: We only offer the car loan for extending the contracts of land vehicles.
If you don’t want to extend the contract, we will check whether you have performed all of your obligations (paid your lease
payments, submitted the required documents) after the last instalment is paid. We will then send the contract termination
documents to you by post, or sign them digitally and e-mail them to you.
You can re-register the object of lease in a service bureau of the Road Administration on the basis of the certificate sent
to you within
of issue of the certificate.
If you would like to register the object of lease in your name using the e-service of the Road Administration, we will
initiate the process for changing owners after receiving the last instalment and you must complete the registration in
e-service within five calendar days. The five days will start running from the moment the information is entered in the
e-service and the relevant notice has been sent to you.
Please note: If you have not registered the object of lease in your name within five days, the data of the object of lease
will be temporarily deleted from the Traffic Register, your motor third party liability insurance policy will be
automatically terminated and you will have to go to a service bureau of the Road Administration with the certificate.
If would like us to send the contract termination to your e-mail address or complete the re-registration in the e-service of
the Road Administration, please send a message to email@example.com or a
relevant bank message from Swedbank’s Internet Bank.