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Commercial vehicle leasing

Commercial vehicle leasing

Lease lorries or vans

  • Professional support and administration
  • Personal Client Executive

You can use commercial leasing to buy multi-purpose vehicles, trailers, buses and other means of transport for your company. SEB offers the option to lease new or used vehicles.

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.

View SEB's standard terms and conditions of commercial vehicle leasing
Down payment From 10% of the cost of the property.
Contract fee Starting from 1% of the acquisition cost of the lease item, min €225.
Financed amount Starting from 6500 EUR without VAT.
Length of leasing period
  • Up to 84 months.
  • Vehicle must not be more than 13 years old at the expiry of the leasing period.
Residual value Depends on the property and the leasing period. Ask your Client Executive for more information.
We generally offer commercial vehicle leasing as capital lease. It is possible to leave some residual value at the end of the leasing period, which must be paid with the last leasing payment.

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


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 have to submit the following documents when applying:

  • an application in electronic format or on paper
  • 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 Liising.

Collecting the vehicle

  • Pay the agreed down-payment and contract fee.
  • Register the vehicle in the name of AS SEB Liising. A seller who is a partner of SEB Liising registers the vehicle on your behalf. SEB Liising 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 Liising after you have collected the vehicle.

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 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.
  • 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.

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

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 to submit the application.

Valid from 01.01.2021

Entry into contract  
1. Entry into lease contract Starting from 1% of the acquisition cost of the lease item, min €225
2. Conclusion of a new lease contract on the residual value of the ending lease contract 1% of the acquisition cost of the lease item, min €160
Amendment of contractual conditions  
1. Amendment of contract, incl. change of lease period, change of repayment schedule, transfer of contract to new lessee, other contractual changes 1% on outstanding residual value (1),
  min €160
2. Amendment of contract due to partial early performance of financial lease contract of a private individual, if ohter conditions are not changed No contract amendment fee (for fixed interest, interest difference charge shall be paid)
3. Amendment of payment day of a valid lease contract upon client's request €30, first amendment free of charge
4. Reinstatement of contract € 160
Debt notice to the lessee (2)  
1. Reminder of debt Free of charge
2. Debt claim letter € 5
Authorisations, reports, certificates, invoices, other (2)  
1. Unattested power of attorney, incl. for changing the register entry in the e-service of Road Administration €12
Upon expiry / pre-term termination of lease contract, first authorisation free of charge
2. Notarised power of attorney € 90
3. Change of register data during the lease period by the lessor €12, state fee to be added. Upon expiry / pre-term termination of lease contract, initiating the change of owner free of charge
4. Processing a claim arising from the violation of parking conditions, traffic regulations, or other legislation (including moving costs of the vehicle) €36
Incurred costs will be added
5. Consent for subleasing the property € 42
6. Cancellation / amendment of redemption invoice of property upon client's request € 12
7. Confirmation of balance statement presented by the client Free of charge
8. Issuing a certificate, consent, copy of contract, duplicate invoice (older than 1 month), fuel card statement or balance confirmation upon client's request € 12
9. Issue of a specific statement or report upon the client's request; confirmation of a period turnover statement provided by the client € 30
10. Sale of the lease object to a third party € 50
11. Contractual penalty for delays in the timely return of the lease object €50 per day
12. Releasing additional collateral (surety, guarantee) € 100
Pre-term termination of lease contract (2)  
1. Pre-term termination of private person's operating lease contract As per contractual conditions
2. Pre-term termination of private person's financial lease contract As per contractual conditions
3. Pre-term termination of legal person's operating lease contract Unless otherwise specified in the agreement, the fee for early repayment is 2.5% on outstanding residual value (1), min €225; for operating lease, VAT shall be added (3);
4. Pre-term termination of legal person's finacial lease contract Unless otherwise specified in the agreement, the fee for early repayment is 2.5% on outstanding residual value (1), min €225 (3);

(1) Outstanding residual value is the total sum of unpaid instalments, balance of VAT(loan) and residual value.
(2) Service fees include VAT as per Value-Added Tax Act
(3) In case of fixed interest, interest difference charge will be added in the amount of the costs incurred due to the pre-term repayment of the credit.

Base rates

Valid as 29.07.2021
1-month EURIBOR® -0,5580
3-month EURIBOR® -0,5440
6-month EURIBOR® -0,5240
12-month EURIBOR® -0,5020
EONIA® -0,4820
€STR -0,5670
Bank's base interest 0,0000
SEB base rate 0,0000
EURIBOR® historical data
EONIA® historical data
€STR historical data
SEB base rate historical data
Base rate information

Euribor (benchmark) and Eonia (benchmark) are published by the European Money Markets Institute (EMMI).
The base interest rate of the bank is set and published by AS SEB Pank.
The set base interest rate may decrease or increase over time. These changes affect the contractual interest rate. For example, if the new base interest rate has increased compared to the previous base interest rate which was in force on the day the agreement was concluded, the interest payments will also increase.


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