Car lease and car loan

Favourable lease interests

Depending on the age of a car, the 6 month Euribor* is now accompanied by a lower interest rate:

1,99% when buying a car that is up to 1-year-old;
starting from 2,20% when buying a car that is 2–5-years old;
starting from 3,20% when buying an older car than 6 years.

*Negative Euribor equals to zero.

Calculate payment

Car price (€)
Downpayment (%)
Downpayment (€)

Period
Residual value (%)
Residual value (€)

Monthly payment: 0€

Application

The calculation is approximate and may differ from the terms and conditions offered to you. Interest depends on the client’s profile and the chosen vehicle. The best interest is offered for new vehicles.

Options for buying a car

	Car loan	Leasing
Loan amount	Up to 20 000 euros	Starting from 5000 euros (excl. of VAT)
Term	6 months– 7 years	1–7 years (in the event of an operational lease up to 5 years)
Self-financing	Not necessary	Starting from 10% of the price of the car
Net income	At least 600 euros a month (or at least 800 euros a month with a co-applicant)	At least 600 euros a month (or at least 800 euros a month with a co-applicant)
Comprehensive insurance	Advisable	Compulsory
	The car belongs to the buyer, the bank does not need to be informed about the sale.	The car belongs to the leasing company.
	Fill in a loan application Application form for co-borrower	Fill in a leasing application Application form for surety provider

Steps to obtain leasing

Find a suitable vehicle and submit an application on the internet bank, at a car dealership or at a bank branch.
If necessary, the manager will ask for additional documents:
- The sales offer of the vehicle or the sales ad published online.
- An account statement for six months, if your wages are not transferred to Swedbank.
- Valuation report of the car, if the seller is not a cooperation partner of Swedbank.
We will sign the contract digitally at a car dealership or at a bank branch.
8. All you have to do is pay the first instalment and contract fee and you can pick up your car.
- If the buyer is a private person, the bank will transfer the money for the vehicle to the seller no sooner than 15 days after the signing of the lease contract. Agree on a time for the registration and transfer of the vehicle with the seller.
The vehicle must be registered in the name of Swedbank Liising AS at the Traffic Register Bureau of the Road Administration.
The car must have valid casco insurance and motor insurance. If your comprehensive insurance provider is not Swedbank P&C Insurance AS, send a copy of the policy by e-mail to liisinguadmin@swedbank.ee, fax it to 888 2048 or bring it to your nearest Swedbank branch.
The lessor accepts all insurance companies (and their branches) that hold an activity licence issued in Estonia.

Steps during leasing term

Authorisation for use of vehicle

Using the vehicle in Estonia and elsewhere in the EU – no authorisation is required.

Using the vehicle in another foreign country

If you are not listed on the technical passport of the vehicle as a user, you will need a notarised letter of authorisation to exit the European Union with the leased vehicle. You can get this from the leasing company.

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 enter into a comprehensive insurance policy.

You will get a notarised letter of authorisation within four business days of filling in the application. We issue such letters in Estonian, Russian and English. Application for authorisation

You will pay for it on the basis of the lessor’s invoice in accordance with Swedbank’s price list. The maximum term of validity of a notarised letter of authorisation is until the date of expiry of the comprehensive insurance contract.

Changes in the vehicle registry data

If you would like to make changes to 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 Road Administration. To receive this, submit an application. You will pay for it on the basis of the lessor’s invoice in accordance with Swedbank’s price list. The maximum term of validity of an unattested letter of authorisation is 20 (twenty) days.
Application for authorisation to take registry steps in Road Administration
Amendment of contract

If you would like to amend the leasing contract (e.g. extend the term or apply for a payment holiday), submit an application in the Internet bank or by e-mail in a free format. Contract amendment fees are specified in the price list.
Early termination of contract

Selling the vehicle to an individual or entity

If you have found a buyer, the buyer can buy the vehicle or take over the leasing contract.

Upon buying the vehicle, you must submit an application for termination of the leasing contract, while the buyer must submit a confirmation of purchase. Thereafter the buyer will get an invoice for buying the vehicle from us. After the invoice has been paid, Swedbank Liising As will issue documents to the buyer, formalising the change of ownership in the respective regional Traffic Register Bureau of the Road Administration.

Upon termination of the leasing contract, submit an application for termination of the leasing contract, indicating the details of the buyer. The new lessee must submit a leasing application. The contract will be handed over on the basis of the current residual value, but by agreement the buyer may pay more for your vehicle. In the respective regional Traffic Register Bureau of the Road Administration, the names of the new user must be added to the registration certificate of the vehicle.

Please note: if a third party buys the vehicle, the lessee must, in accordance with the Motor Insurance Act, address the insurance company before the vehicle is registered in the name of the new owner – otherwise the overpaid sum will be transferred to the policy of the new owner pursuant to law.
Timely termination of capital lease and hire purchase contract

Upon the timely expiry of a capital lease or hire purchase 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.

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 liising@swedbank.ee or a relevant bank message from Swedbank’s Internet Bank.
Timely termination of capital lease and hire purchase contract with residual value

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 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 5 days 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 liising@swedbank.ee or a relevant bank message from Swedbank’s Internet Bank.
Timely termination of operating lease contract
You have the following options when your operating lease contract expires:
1. Returning the object of lease
  
  The object of lease must be presented to the repurchaser indicated in the lease agreement for an inspection not later than one month before the expiry of the lease contract in order to determine whether the condition of the object of lease corresponds to the conditions agreed in the guideline for the determination of natural and unnatural wear of vehicles. If the repurchaser confirms that they will repurchase the object of lease, you must transfer to the repurchaser on the expiry date of the lease contract. If the repurchaser finds any defects in the object of lease, you must compensate for the cost of repairs necessary to eliminate them before returning the object of lease.
  
  PLEASE NOTE: If you fail to carry out the technical inspection at the repurchaser’s 1 month before the expiry of the lease contract, the repurchaser will have the right to refuse to repurchase the object of lease.
  
  Certificate of inspection and return of property
2. Extending the lease contract
  
  In order to extend the contract, please send an application 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 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 residual value 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.
3. Purchasing the object of lease
  
  If you would like to purchase the object of lease, please send an application. We will prepare and invoice for purchasing the object of lease and send it to you after the last scheduled lease payment is made. VAT is added to the agreed residual value of the object of lease. After you’ve paid the invoice, we will send you the lease contract termination documents, which will allow you to re-register the object of lease in your name at a service bureau of the Road Administration. If you would like to waive the right to repurchase the object of lease to a third party, please fill data of the purchaser in application.
  
  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.
  
  Please note that the obligation to have the object of lease technically inspected will also apply to you if at first you decide to purchase the object of lease or extend the lease contract, but later wish to return the object of lease instead.
Comprehensive and motor third party liability insurance
If the comprehensive insurance premium is also included on your monthly invoice in addition to the lease payment, you must keep in mind that the comprehensive insurance will expire after the arrival of the payment deadline of the last lease instalment. In case of early termination of leasing contract the last invoice payable for comprehensive insurance will be submitted to you separately after the payment of the last lease instalment. If you would like to keep the insurance cover, please call us on 888 1513 or send an e-mail to varakindlustus@swedbank.ee. If the comprehensive insurance premium is not added to your monthly lease invoice, the comprehensive insurance contract will not expire automatically with the lease contract. Please contact your insurer to specify the terms and conditions.

If you took out your motor third party liability insurance via Swedbank, please contact us within 30 days after registering the vehicle in your name so we can re-register the effective motor third party liability insurance contract in your name.

Please note that pursuant to the Motor Third Party Liability Insurance Act, the prepayment of effective motor third party liability insurance belongs to the new owner if the previous owner has not terminated the insurance before re-registering the vehicle in the Road Administration. Please contact your insurer directly to terminate motor third party liability insurance.

Contact details of Swedbank Varakindlustus for renewing and re-registering insurance contracts:
- Telephone: 888 1513;
- E-mail: varakindlustus@swedbank.ee.
You must contact your insurer if you’re using a different service provider.

PRIVATE PERSONS	Effective as of 01.12.2016
1. Housing loan and Home equity loan
1.1 Agreement fee	up to 1% of the loan amount, no less than 190 EUR
for loans with a repayment term of up to 12 months	1% of the loan amount, no less than 320 EUR
1.2 KredEx collateral fee	3 % of the surety amount
1.3 Amendment of the agreement	130 EUR
loan principal repayment holiday	60 EUR
fee for break from repayment of principal amount of loan when entering into several agreements at the same time	45 EUR
amendment of the payment date (in branch or in Internet Bank)	20 EUR
amendment of the servicing account (in branch or in Internet Bank)	free of charge
1.4 Lowering the interest rate, formalisation of an additional sum	up to 1% of the loan amount, no less than 190 EUR
1.5 Early repayment fee (including partial repayment)
in branch (2)	the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in Internet Bank (2)	the amount of 1 month interest
1.6 Fee for processing arrears	3,20 EUR
1.7 Penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
2. Student loan
first application (in the 2016/2017 academic year)	free of charge
first application via the Internet Bank	free of charge
refinancing	7 EUR
amendment of the repayment schedule (frequency of repayment and amendment of the due date of the schedule)	7 EUR
preparation of a special schedule	16 EUR
penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the due date of the loan (i.e. after termination of the agreement by the bank)	annual interest rate under the agreement
compensation for prepayment of the loan amount or a part thereof (4,5)	1% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date is longer than one year
compensation for prepayment of the loan amount or a part thereof (4,5)	0.5% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date does not exceed one year
3. Overdraft
annual interest rate	15%-24%
agreement extension fee	1% of the credit limit, no less than 10 EUR
amendment of the interest rate in a branch	7 EUR
credit limit reduction fee in a branch	free of charge
credit limit reduction fee in the Internet Bank	free of charge
amendment of the payment date	free of charge
termination of the agreement	free of charge
penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the final date of use (i.e. after termination of the agreement by the bank)	annual interest rate under the agreement
4. Credit line
annual interest rate	13%-22%
agreement fee in a branch	1,5% of the credit limit, no less than 45 EUR
agreement fee in Internet Bank (i.e. there is an offer)	1,5% of the credit limit, no less than 35 EUR
commitment fee	1,2% of the unused credit limit (annual rate)
automatic credit limit extension fee	free of charge
increasing the credit limit	1% of the additional credit limit, no less than 35 EUR
credit limit reduction fee	free of charge
amendment of the payment date	free of charge
amendment of the servicing account	free of charge
early termination of the agreement	free of charge
re-registration of overdraft into a credit line	free of charge
penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the end term of the agreement (i.e. after termination of the agreement by the bank)	annual interest rate under the agreement
5. Small loan
annual interest rate	15%-24%
agreement fee in a branch	1,5% of the loan amount, no less than 45 EUR
agreement fee in Internet Bank	1,5% of the loan amount, no less than 35 EUR
agreement fee based on mobile application in Internet Bank	free of charge
agreement fee based on offering and mobile application in Mobile Bank	free of charge
formalisation of an additional sum in a branch	1,5% of the loan amount, no less than 45 EUR
formalisation of an additional sum in Internet Bank	1,5% of the loan amount, no less than 35 EUR
amendment of the agreement	25 EUR
amendment of the payment date	free of charge
amendment of the servicing account	free of charge
re-registration of loan products into a small loan	1,5% of the loan amount, no less than 35 EUR
penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the due date of the loan (i.e. after termination of the agreement by the bank)	annual interest rate under the agreement
compensation for prepayment of the loan amount or a part thereof (5)	1% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date fixed in the loan contract is longer than one year
compensation for prepayment of the loan amount or a part thereof (5)	0.5% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date fixed in the loan contract is up to one year (incl.)
6. Car loan
annual interest rate	8%-17%
agreement fee	1,5% of the loan amount, no less than 100 EUR
amendment of the interest rate	50 EUR
other fees	according to point 5
7. Home small loan
annual interest rate	8%-15%
agreement fee	1% of the loan amount, no less than 95 EUR
formalisation of an additional sum	1% of the loan amount, no less than 95 EUR
amendment of the interest rate	50 EUR
other fees	according to point 5
8. Hire purchase
a written notice on breach of the agreement	9,9%
agreement fee	15,83 EUR (3)
agreement fee for vehicle financing	54,17 EUR (3)
amendment of the agreement: extension of the agreement, reduction of the agreement, formalisation of a repayment holiday	15,83 EUR (3)
a written notice on breach of the agreement	3 EUR
partial prepayment of the agreement on the basis of a written application	free of charge
early termination of the agreement on the basis of a written application	free of charge
fee for formalisation of a debt transfer	19,17 EUR (3)
penalty	ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
9. Valuation of the collateral (6)
9.1 In Tallinn and Harju County
valuation of apartment	120 EUR
valuation of registered immovable with buildings, house, summer house, terraced house	240 EUR
intermediate valuation of property under construction	180 EUR
9.2 elsewhere in Estonia
valuation of apartment	100 EUR
valuation of registered immovable with buildings, house, summer house, terraced house	190 EUR
intermediate valuation of property under construction	150 EUR

LEGAL PERSONS	Effective as of 01.05.2013
1. Investment loan
1.1 Application	1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan	2% of the loan amount, but no less than 320 EUR
1.2 Additional application	1% of the additional amount, but no less than 195 EUR
Kredex Start-up loan	1% of the additional amount, but no less than 195 EUR
1.3 Additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
Kredex Start-up loan	1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
1.4 Amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan	1% of the loan amount, but no less than 195 EUR
1.5 Early loan repayment fee	3% of the amount repaid early
2. Working capital loan
application	1% of the loan amount, but no less than 195 EUR
additional application	1% of the loan amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the loan amount, but no less than 195 EUR
early loan repayment fee	3% of the amount repaid early
3. Overdraft
application	1% of the limit, but no less than 195 EUR
additional application	1% of the additional limit, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the total limit, but no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the limit, but no less than 195 EUR
obligation fee	2% of the unused credit limit
4. Revolving credit line
application	1% of the loan amount, no less than 195 EUR
additional application	1% of the additional amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	up to 1% of the loan amount, no less than 195 EUR
obligation fee	2% of the unused limit per year
early loan repayment fee	3% of the amount repaid early
5. Apartment association loan
application	1% of the loan amount, no less than 195 EUR
additional application	1% of the additional amount, no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	up to 1% of the loan amount, no less than 195 EUR
amendment of payment dates of the loan repayment schedule or amendment of the type of the schedule	up to 1% of the loan amount, no less than 195 EUR
early loan repayment fee	3% of the amount repaid early

PRIVATE PERSONS	Effective as of 01.09.2016
1. VEHICLE AND EQUIPMENT LEASING
entry into a financial lease or hire purchase agreement (1)	1,5% of the price of the property, no less than 200 EUR
entry into a operational lease agreement (1)	1,5% of the price of the property, no less than 200 EUR
1.1 Amendment of the lease agreement
changing the payment date (first change is free of charge)	30 EUR
restoration of the agreement, repayment holiday (along with extending the period regarding the repayment holiday)	65 EUR
payment of an additional payment of operating lease if accompanied by an amendment (including repayment schedule amendment) of the lease agreement	160 EUR
payment of an additional payment of finance lease and hire-purchase sales agreement if accompanied by an amendment (including repayment schedule amendment) of the lease agreement (in the case of a fixed interest agreement)	160 EUR
extension/reduction of the contract period (during the period or at the end of the period) and/or amendment of the type of the contract	120 EUR
reduction of the interest rate	1% of the outstanding amount, no less than 65 EUR
1.2 Early termination of the lease agreement
in the case of an operating lease, finance lease and hire-purchase sales agreement if the agreement has been made before 01 July 2011	free of charge
If the termination of the agreement takes place within the first 9 months	the interest until the end of the 9th month
in the case of operating lease if the agreement has been made after 01 July 2011	free of charge
If the termination of the agreement takes place within the first 9 months	the interest until the end of the 9th month
in the case of a fixed interest operating lease and hire-purchase sales agreement if the agreement has been made after 01 July 2011	1% of the sum of unpaid instalments if the agreement term expires in 1 year or later; 0.5% of the sum of unpaid instalments if the agreement term expires in less than 1 year
in the case of a Libor/Euribor operating lease and hire-purchase sales agreement if the agreement has been made after 01 July 2011	free of charge (interest for the period used)
in case of sale at higher price	65 EUR
1.3 Penalty	ECB interest rate (3) + 8% (currently 0.022% a day, 8.00% a year)
1.4 Additional services included in the monthly payment
Fuel card fee (except full service lease agreement and vehicle management service contract)
monthly fee of a card with a limit of 100 EUR	1EUR/month
monthly fee of a card with a limit of 200 – 250 EUR	2,60EUR/month
monthly fee of a card with a limit of 300 – 350 EUR	3EUR/month
monthly fee of a card with a limit of 400 – 600 EUR	5EUR/month
monthly fee of a card with a limit of 700 EUR	6EUR/month
monthly fee of a card with a limit of 1,000 EUR	7,70EUR/month
monthly fee of a card with a limit of 2,000 EUR	10EUR/month
monthly fee of a card with a limit of 3,000 EUR	12EUR/month
monthly fee of a card with a limit of 5,000 EUR	15EUR/month
monthly fee of a card with a limit of 7,000 EUR	17EUR/month
1.5 Additional services as a one-off service
one-time transfer service (2)	100 EUR
transport of tyres to a tyre hotel within the territory of the same city (2)	38 EUR
24-hour emergency assistance service (2)	85 EUR
Registration operations at Maanteeamet. Performed by lessor's employee (expenses of Maanteeamet are added) (2)	39 EUR
1.6 Other services
preparation and sending of penalty invoices (2)	6,40 EUR
penalty for failure to submit insurance when due	up to 10% of the residual cost of property
power of attorney of giving property to sublessee (2)	19,20 EUR
an unattested power of attorney (e.g. using the vehicle, ordering a duplicate to an existing registration certificate, exchange of the license plate, amendment of the user data, etc.) (2)	6,40 EUR
formalization of Road Administration e-service transaction (2)	3,20 EUR
notarised power of attorney of the vehicle (e.g. using the vehicle) (within 4 working days) (2)	73,50 EUR
release of the additional collateral (suretyship, guarantee) (2)	95 EUR
payment of the costs of removing the vehicle (added to the direct costs of removing the vehicle) (2)	31 EUR
preparation of certificate (2)	6,40 EUR
sending a notice on breach and cancellation of the agreement (2)	6,40 EUR
sending an extract of the fuel card (2)	3,20 EUR
fee for replacement of the fuel card during the lease term due to the customer's fault (2)	3,20 EUR
re-formalisation of an invoice	38,35 EUR
balance confirmations issued by leaser	9 EUR (free of charge on the customer’s form)
balance comparison notices issued by leaser (2)	19 EUR
entry into a debt agreement	1% of the outstanding amount, but no less than 159,80 EUR
contractual penalty for delays in the timely return of the vehicle	50EUR/ day
document processing fee (2)	31,95EUR, but no less than 6,40 EUR
vehicle valuation service (incl. passenger cars, caravan cars, motorcycles and ATVs) (2)	50 EUR
water craft valuation service (incl. launches, motorboats, yachts and sailing vessels) (2)	110 EUR
truck, trailer, heavy machinery valuation service (incl. excavators, tractors, loaders, hoists, combine harvesters and couplings) (2)	80 EUR
forestry machinery and equipment valuation service (incl. harvesters, forwarders, manufacturing equipment and machine tools) (2)	130 EUR
provision of valuation services on site (vehicles, Tallinn)	valuation service fee + 20 EUR
provision of valuation services on site outside of Tallinn (all propery groups) (2)	fee as agreed

LEGAL PERSONS	Effective as of 01.09.2016
2. VEHICLE AND EQUIPMENT LEASING
entry into a financial lease or hire purchase agreement (1)	1% of the price of the property, no less than 200 EUR
entry into a financial lease agreement (1)	1.5% of the price of the property, no less than 200 EUR
entry into a full service lease agreement (2)	1.5% of the price of the property, no less than 200 EUR
entry into a vehicle management service contract agreement (2)	40 EUR
2.1 Amendment of the lease agreement
changing the payment date (first change is free of charge)	30 EUR
restoration of the agreement, repayment holiday (along with extending the period regarding the repayment holiday)	65 EUR
payment of an additional payment and/or additional financing	160 EUR
extension/reduction of the contract period (during the period or at the end of the period) and/or amendment of the type of the contract	160 EUR
lowering the interest rate	1% of the outstanding amount, no less than 65 EUR
2.2 Amendment of the full service lease agreement
restoration of the agreement, changing the payment date, repayment holiday (along with extending the period regarding the repayment holiday), amendment of the insurance conditions (2)	78 EUR
add services into a full service lease agreement	free of charge
amendment or removal of the services of the full service lease agreement and of the vehicle management service contract (2)	192 EUR
payment of an additional payment and/or additional financing, extension of the contract period (2)	192 EUR
reduction of the interest rate	1% of the outstanding amount, no less than 78 EUR
2.3 Early termination of the lease contract
fixed-rate agreement	the interest sum of up to 6 months following termination
agreement pegged to LIBOR/EURIBOR	the interest sum of up to 3 months following termination
withdrawal from contract at the initiative of the lessee	the contract fee
2.4 Early termination of the full service lease agreement
full service lease agreement	the full service lease payment sum of up to 1 month following termination
vehicle management service contract	the service payment sum of up to 1 month following termination
2.5 Penalty	0.25% a day
2.6 Additional services included in the monthly payment
Fuel card fee (except full service lease agreement and vehicle management service contract)
monthly fee of a card with a limit of 100 EUR	1EUR/month
monthly fee of a card with a limit of 200 – 250 EUR	2,60EUR/month
monthly fee of a card with a limit of 300 – 350 EUR	3EUR/month
monthly fee of a card with a limit of 400 – 600 EUR	5EUR/month
monthly fee of a card with a limit of 700 EUR	6EUR/month
monthly fee of a card with a limit of 1,000 EUR	7,70EUR/month
monthly fee of a card with a limit of 2,000 EUR	10EUR/month
monthly fee of a card with a limit of 3,000 EUR	12EUR/month
monthly fee of a card with a limit of 5,000 EUR	15EUR/month
monthly fee of a card with a limit of 7,000 EUR	17EUR/month
2.7 Full service lease additional services inclused in the monthly payment
fuel card/additional fuel card fee (2)	5EUR/month
international fuel card fee (2)	5EUR/month
2.8 Additional services as a one-off service
one-time transfer service (2)	100 EUR
transport of tyres to a tyre hotel within the territory of the same city (2)	38 EUR
24-hour emergency assistance service (2)	85 EUR
registration operations at Maanteeamet. Performed by lessor's employee (expenses of Maanteeamet are added) (2)	39 EUR
2.9 Other services
preparation and sending of penalty invoices (2)	6,40 EUR
penalty for failure to submit insurance when due	up to 10% of the residual cost of property
power of attorney of giving property to sublessee (2)	19,20 EUR
an unattested power of attorney (e.g. using the vehicle, ordering a duplicate to an existing registration certificate, exchange of the license plate, amendment of the user data, etc.) (2)	6,40 EUR
formalization of Road Administration e-service transaction (2)	3,20 EUR
notarised power of attorney of the vehicle (e.g. using the vehicle, ordering a duplicate in the case of losing the registration certificate) (within 4 working days) (2)	73,50 EUR
release of the additional collateral (suretyship, guarantee)	95 EUR
payment of the costs of removing the vehicle (added to the direct costs of removing the vehicle) (2)	31 EUR
preparation of certificate (2)	6,40 EUR
sending a notice on breach and cancellation of the agreement (2)	6,40 EUR
sending an extract of the fuel card (2)	3,20 EUR
fee for replacement of the fuel card during the lease term due to the customer’s fault (2)	3,20 EUR
re-formalisation of an invoice	38,35 EUR
balance confirmations issued by leaser	9EUR, free of charge on the customer’s form
balance comparison notices issued by leaser (2)	19 EUR
entry into a debt agreement	1% of the outstanding amount, but no less than 159,80 EUR
contractual penalty for delays in the timely return of the vehicle	50EUR/day
document processing fee (2)	31,95 EUR , but no less than 6,40 EUR
vehicle valuation service (incl. passenger cars, caravan cars, motorcycles and ATVs) (2)	50 EUR
water craft valuation service (incl. launches, motorboats, yachts and sailing vessels) (2)	110 EUR
truck, trailer, heavy machinery valuation service (incl. excavators, tractors, loaders, hoists, combine harvesters and couplings) (2)	80 EUR
forestry machinery and equipment valuation service (incl. harvesters, forwarders, manufacturing equipment and machine tools) (2)	130 EUR
provision of valuation services on site (vehicles, Tallinn)	valuation service fee + 20 EUR
provision of valuation services on site outside of Tallinn (all propery groups) (2)	fee as agreed
2.10 Small leasing of equipment
agreement amendment fee	65 EUR
fee for re-formalisation of the contract to another person (debt transfer agreement)	65 EUR
early termination fee	the interest sum of up to 6 months following termination

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