You can use commercial leasing to lease the following new and used commercial vehicles:

• buses
• multi-purpose vehicles
• trailers
• other commercial vehicles
   

Standard terms and conditions of commercial vehicle leasing
The final leasing terms and conditions are prepared considering the specific vehicle and client. Please contact your Client Executive or submit a leasing application to obtain a leasing offer.

Requirements for leased commercial vehicles

• The economic life of the vehicle must be longer than the leasing period.
• It must be possible to maintain and repair the vehicle during the leasing period.
• It must be possible to register the vehicle in the Traffic Register of the Road Administration.
   

Leasing payment
You can calculate the amount of your leasing payment with the leasing calculator. Please keep in mind that you have to pay for comprehensive insurance and motor third party liability insurance in addition to the leasing payments.  

Price list (EST)

How to apply for leasing
Submit a leasing application once you have found a suitable vehicle. We recommend that you read SEB's terms and conditions of vehicle leasing before you submit an application.

There are several ways for submitting an application

• You can fill in an electronic application form in the Internet Bank or on the website.
• Fill in a leasing application when you visit a vehicle dealership that is a partner of SEB and they will help you sort out the leasing and send the required documents to SEB.
• Contact us if you would like to come to a branch for a consultation. Our Corporate Client Executive will contact you and make an appointment for a consultation.
   

You have to submit the following documents when applying:

• an application in electronic format or on paper (EST)
• audited annual report for the previous financial year
• balance sheet and income statement that are not older than 120 days
• vehicle sale offer
• valuation report and a copy of the certificate of registration if you are buying a vehicle and the seller is not our partner. The valuation report can be ordered from the official dealership of the relevant vehicle or from another vehicle leasing partner of SEB.
   

Entering into a leasing contract

• You can choose whether you want to sign the leasing contract in the dealership that is a partner of SEB or at an SEB branch when you agree in the leasing terms and conditions with the Corporate Client Executive.
• The seller has to come to the SEB branch to sign the sales contract if they are not a partner of SEB.
   

Collecting the vehicle

• Pay the agreed deposit and contract fee.
• Register the vehicle in the name of AS SEB Liising. A seller who is a partner of SEB registers the vehicle on your behalf. SEB issues you with the power of attorney required for registration if you don't buy the vehicle from one of our partners.
• Take out comprehensive and motor third party liability insurance. Go to Insurance for further information.
   

The Corporate Client executive gives you a delivery and receipt certificate for collection of the vehicle, which must be signed and returned to SEB after you have collected the vehicle.

Powers of attorney for use of the vehicle

• The authorised user of the vehicle must request the following documents from SEB if their name does not appear on the vehicle’s registration certificate:
  • unattested power of attorney for driving the vehicle in the Republic of Estonia; and/or
  • notarised power of attorney for driving the vehicle abroad.
• A notarised power of attorney is always required to drive the vehicle in CIS countries. You also have to take out an extra comprehensive insurance policy (if the exiting policy is not valid in CIS).
   

Powers of attorney for operations in the Traffic Register Bureau of the Road Administration (ARK)
The authorised user of the vehicle must request a power of attorney from SEB if they need to perform operations in the ARK (e.g. if they want to add users to the registration certificate or change them, need a new license plate, etc.).

How to apply for a power of attorney
Submit a power of attorney application (EST) to SEB in good time (at least three business days in advance if you need a notarised POA), so we can issue you with one in time. The free for issue of a POA is shown in the price list.

Amendment of leasing contract
Submit an unattested written application if you would like to make amendments in the contract. Send the bank a message from the Internet Bank or e-mail to liising [at] seb [dot] ee to submit the application. You will be charged for contract amendments according to the price list.

Leasing payments
Invoices for leasing payments are available in the Internet Bank, by e-mail or on paper. Please advise us of your choice.
We advise you to set up a direct debit for easy payment of your leasing payments.

Leasing details in Internet Bank
You will find details of your valid leasing contract and payment schedule in the Internet Bank.

Termination of capital lease
The leasing period expires when the last leasing payment is paid. We will send you a leasing contract termination certificate when all leasing payments are paid.
You pay the residual value of the vehicle with the last leasing payment if you signed a capital lease contract with residual value. At the end of the leasing period, you may apply for an extension of the leasing period to pay the residual value in instalments. Send SEB a message from the Internet Bank or e-mail to liising [at] seb [dot] ee to submit the application.
 

A leased vehicle must be insured at all times. You have to take out both voluntary property (comprehensive) insurance and mandatory motor third party liability insurance.

Requirements for leased property insurance contract

• The insurer must be an insurance company accepted by SEB.
• The vehicle must be insured for an amount that is at least equal to market value during the entire leasing period.
• The insurance contract must be entered into with the smallest excess permitted by the insurer.
• AS SEB Liising must be noted as the beneficiary in the insurance contract.
• The terms and conditions of the insurance contract must guarantee that indemnity is paid out in full in the event of theft of the property, fire or water damage, natural disaster, traffic accident and any other damages that may be caused by a loss event.
• Insurance premium must be paid on time in accordance with the insurance contract.
   

Additional requirements apply to insurance contracts of leased property, which are concluded through RSA Kindlustus.

• Insurance contract must be concluded for a period of one year.
• To prove the validity of insurance, the new insurance policy must be submitted to SEB no later than 5 days before the expiry of the valid insurance policy. The document must be sent to e-mail address: liising [dot] poliisid [at] seb [dot] ee or by fax to 665 5103.