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Motorcycle leasing

Motorcycle leasing

A new motorcycle, ATV or snowmobile quickly and conveniently

  • Personal offer
  • Fast and easy business

With leasing you can buy a motorcycle or a smaller motor-vehicle, like an ATV or snowmobile.

SEB offers you good opportunities for acquiring a motorcycle, ATV or snowmobile with leasing. First, select the desired vehicle and then submit us your lease application.

SEB offers leasing for ATVs, snowmobiles or motorcycles, except for the so-called sportbikes, cross motorcycles and cross ATVs.

Motorcycle leasing conditions
Final lease conditions depend on the chosen vehicle and the client. To get a personal lease offer, submit a lease application.

Standard motorcycle leasing conditions of SEB
Financed amount EUR 3000 up to EUR 13 000
Downpayment starting from 30% of the cost of vehicle
Lease term up to 48 months.

The age of motorcycle upon expiry of the lease term may not exceed 7 years.
Contract fee
  • for new vehicles: 1% of the cost of the vehicle, minimum EUR 225
  • for used vehicles: 2% of the cost of the vehicle, minimum EUR 225
We offer motorcycle leasing as financial lease or hire purchase.
We recommend finding the seller of a motorcycle from amongst the cooperation partners of SEB.

 

Lease payment
You can calculate an approximate lease payment with the help of lease calculator. The optional motor vehicle insurance and motor third party liability insurance premiums are added to the lease payments.

 

Annual percentage rate as a typical example

The initial annual percentage rate of charge of motorcycle leasing is 7.86% under the following sample conditions:

  • cost price of vehicle, EUR 8,400 (VAT included);
  • down-payment EUR 2,520 (30% of the cost of vehicle);
  • residual value 0% of the cost of vehicle;
  • total amount of credit taken into use EUR 5,880 (VAT included);
  • interest rate 6.00% p/a on credit balance (the interest rate consists of 6 month EURIBOR and a margin of 6.00%; as at 3 March 2017, the 6 month EURIBOR rate was –0.237% (when calculating the interest, the negative EURIBOR value is considered equal to zero); the EURIBOR fixed in the contract may change every 6 months, the margin is fixed until the end of the contract);
  • repayment within 4 years in 48 monthly annuity payments;
  • contract fee EUR 150 is paid upon conclusion of the contract.

The total amount of repayments payable by the client is EUR 6,640.80 and total amount is EUR 9,333.27.
The vehicle shall have comprehensive insurance and third party liability insurance cover throughout the lease period. The costs of insuring, possible property registration costs, state fees and price of the valuation report were not considered in the APR calculations.

en

Applying for lease
After you have found a suitable vehicle, submit us a lease application. First we advise you to familiarize yourself with the leasing conditions.
You may find a suitable vehicle from

There are several ways to submit your application

  • Fill in the electronic application in Internet Bank or on our homepage
  • Fill in the lease application at the SEB’s partner car dealer, who will assist you in lease-related matters and in forwarding the necessary documents
  • Send us a message, if you would like consultation at a bank office. You will be contacted and you can agree upon a time for consultation

When applying for leasing, present the following documents

  • Application either electronically or on paper
  • An account statement for the last 6 months, if your salary is not received in SEB
  • Personal data sheet of surety, if you apply for a leasing together with the provider of surety
  • Sales offer of a vehicle or notice of sale published on the Internet
  • Valuation report  of the vehicle and a copy of the certificate of registration, if the seller is not our partner. To order a valuation report, you can apply to the authorised dealership of the selected make of vehicle or to another company from the partner list of SEB

Entering into lease contract

  • When agreeing on lease terms, you can choose whether you wish to sign the lease contract at the car dealership that is a cooperation partner, using your ID card, or at a SEB branch
  • If the seller is not our partner, the seller must sign the sales contract at a branch of SEB

Receiving the vehicle

  • Pay the agreed downpayment and contract fee
  • Register the vecicle in the name of AS SEB Liising. If the seller is our partner, the latter will also register the vehicle. In other cases you will receive a respective power of attorney from SEB Liising for registration
  • Sign optional motor vehicle and motor third party liability insurance contracts.
    You will find more information from the subdivision "Insurance"

To receive the vehicle, you will be issued an instrument of delivery and receipt from SEB Liising, which must be returned to SEB Liising, signed, after the receipt of the vehicle

If the seller is a private individual, delivery shall generally take place after SEB Liising has made the payment to the seller.

A vehicle engaged in leasing must have a valid insurance cover. Both, the optional motor vehicle as well as motor third party liability insurance contracts must be concluded.

Requirements to insurance contracts of leased property

  • • We recommend choosing an insurer from the list of insurance companies preferred by SEB .
  • The vehicle must be insured at least for the amount corresponding to its market value throughout the lease term.
  • The insurance contract must be concluded with the minimal deductible, permitted by the insurer.
  • The beneficiary in the insurance contract must be AS SEB Liising.
  • The insurance conditions must ensure that any damages that may be caused by theft, robbery, fire, water damage, natural catastrophe, traffic accident and any other possible loss events would be covered with the full indemnity paid out.
  • Insurance premium must be paid on time in accordance with the insurance contract.
  • Insurance contract must be concluded for a period of one year.
  • To prove the validity of the insurance, please submit a copy of the new insurance policy to SEB within five days prior to the end of the valid insurance policy, at the latest. You may send it to the e-mail address or fax it to 665 5103

Should you have any questions during the validity term of the lease agreement or you wish to submit an application, then please contact us via Internet Bank or send a message from our homepage.

All fees, related to the lease agreement, can be found from the price list.

Power of attorney

Power of attorney for using the vehicle

  • If the user of the vehicle is not stated on the registration certificate, the responsible user of the car can apply to SEB for

- an unattested proxy to drive within the Republic of Estonia

- a notarised power of attorney to take the vehicle abroad

  • A notarised power of attorney is always required for taking the vehicle to CIS countries. In addition, a supplementary policy to optional motor insurance has to be concluded (if the current optional motor vehicle insurance is not valid in the CIS countries).
     

Power of attorney for procedures at the regional bureau of the Estonian Road Administration (ARK)
A responsible user of the car may apply to SEB for a power of attorney for necessary procedures at the ARK (e.g. if you would like to add or change users on the registration certificate, need a new licence plate, etc).

Applying for a power of attorney
Please submit us your application for a power of attorney (EST) in good time (for a notarised power of attorney at least three working days in advance), so that we could issue the power of attorney on time. 

Amending a lease contract
To make amendments to the contract, submit us a written application.

Lease invoices
We shall send the lease invoices to Internet Bank or e-mail. Inform us of your preferred choice in a letter.

For more convenient payment of lease invoices we recommend e-invoice with automated standing order service.

You will find information on your current lease contract and payment schedule in Internet Bank.

Termination of financial lease and hire purchase

  • The lease term shall end with payment of the last lease payment. After all lease payments have been made and if, according to our knowledge, there are no additional claims against the vehicle (parking fine, fine for speeding), we shall send you a document for terminating the contract. On the basis of this document you have to reregister the vehicle in ARK and become the owner of the car.
  •  If you have concluded financial lease with residual value, you will pay the residual value together with last payment. It is possible to apply for extension of the lease term for the payment of residual value in instalments. To submit an application, send us a letter

Valid from 01.07.2015

  Price in euros
1.Entry into contract  
Enrty into contract, incl.
  • lease contract
  • service lease contract
  • debt agreement
1% of acquisition cost of lease item, min EUR 225
2. Amendment of contractual conditions  
Amendment of contract, incl.
  • extension of lease term
  • change of payment schedule
  • transfer of contract to new lessee
  • other contractual changes
1% on outstanding residual value*,
min EUR 160
Conclusion of new contract on the residual
value of ending contract
1% on contractual amount, min EUR 160
Amendment of payment day of a valid contract
upon client's request (first amendment free of
charge)
EUR 30
3. Powers of attorney, certificates, other VAT to be added
Unattested power of attorney EUR10
Notarised power of attorney EUR 75
Notice on breach and cancellation of contract EUR10
Invoice handling of motor TPL insuranc EUR 10
Proceedings of claim arising from violation of
parking rules
EUR 25 + incurred costs
Proceedings of claim, arising from violation of
traffic code
EUR 25 + incurred costs
Confirmation for subleasing property EUR 35
Cancellation / amendment of property
redemption invoice upon client's request
EUR 10
Balance confirmation EUR 10
Issuing a report upon client's request (invoices,
receivables, etc)
EUR 25
Making a copy of and forwarding a contract
upon client's request
EUR 10
4. One-time use of services under lease
contract (service not included in contract)
VAT to be added
Loss adjustment EUR 85
Change of tyres and storage (one-time change
and 6-month storage)
EUR 60
Change of tyres EUR 45
Transport of tyres within the city to the storage
(4 tyres)
EUR 19
Maxi-service of technical maintenance and
repair (incl. one-time pick-up and drop-off of
vehicle to/from the workshop)
EUR 60
Administration of invoices EUR 10
5. Pre-term termination of lease contract  
Early repayment of private lease contract
(contracts concluded after 01.07.2011 incl.)
As per contract
Pre-term termination of legal person's lease
contract with fixed interest
2.5% on outstanding residual value*,
min EUR 225;
difference of interest within the cost incurred from early
repayment of credit
Pre-term termination of legal person's lease
contract with variable interest (contracts
concluded before 30.06.2011 incl.)
2.5% on outstanding residual value*,
min EUR 225
Pre-term termination of legal person's lease
contract with variable interest (contracts
concluded after 01.07.2011 incl.)
As per contract

The precondition to providing the services applied for by the lessee is due fulfilment of contractual
payments.
The establisher of the price list reserves the right to make changes to the price list.
VAT shall be added to commission fees pursuant to Value Added Tax Act and other state and local fees
pursuant to the established legislation.
* Outstanding residual value means the total sum of outstanding payments and residual value, VAT
excluded.

Base rates

Valid as 24.04.2017
1-month EURIBOR® -0,3710
3-month EURIBOR® -0,3290
6-month EURIBOR® -0,2470
12-month EURIBOR® -0,1210
EONIA® -0,3580
Bank's base interest 0,0000
EURIBOR® historical data
EONIA® historical data

Contact

  • Customer support

    665 7910

  • E-mail

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