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Car leasing

Car leasing

New vehicle quickly and conveniently

  • New and used cars
  • Fast and easy business
  • A good insurance offer
  • Flexible leasing solution for electric cars with an interest rate of 1.45% and for new hybrid cars 1.99%

We offer leasing for new and used vehicles. To lease a car, first select the desired vehicle and then submit us your lease application.

Submit an application on the website of SEB

Car leasing calculator

Car leasing calculator


Maximum lease calculator

Maksimaalse liisingu kalkulaator

Kalkulaatoriga saate arvutada oma maksimaalse autoliisingu summa. Kalkulaatori arvutused põhinevad järgnevatel tingimustel: intressimäär 3%, lepingu periood 7 aastat, sõiduki jääkväärtus 0€.

Käendaja peaks olema leibkonna liige
28 750 EUR
Maksimaalse finantseeringu summa

Kalkulaatoriga arvutatud summa on informatiivne ja võib erineda Teile pakutavatest tingimustest.


Lease conditions depend on the chosen vehicle and your payment ability. To get a personal lease offer, please submit a lease application.

Standard car leasing conditions of SEB
Type of lease

Financial lease

  • Suits you, if you want to become the owner of the vehicle at the end of lease
  • To reduce the monthly payment, it is possible to have larger bullet payment at the end of the lease
  • Suits for vehicles with 0% VAT rate (e.g. if sold by a private individual).
Operating lease
  • You do not have obligation to purchase the car at the end of the lease.
  • You may return the vehicle at the end of the lease term. The returned vehicle must be in proper condition, except for normal wear and tear. Please read the Instructions for Normal and Abnormal Wear and Tear (EST).
  • Generally involves  the seller’s redemption obligation and the resulting restriction to mileage.
  • We offer operating lease primarily for leasing cars sold by the partners of SEB.
Downpayment starting from 10% of the cost of vehicle
Lease period in months 12 24 36 48 60 72 84
Maximum residual value upon expiry of financial lease 65% 55% 45% 35% 30% 20% 0%
upon expiry of operating lease* 60% 50% 40% 30% 25% 15% -
Interest rate Interest rate of a leasing is tied to Euribor. (European Interbank Offered Rate). It is possible to choose the Euribor rate changing either every 3 or every 6 months. A client-based interest margin will be added to the value of Euribor. Your personal offered interest margin considers your solvency, age of the selected car and liquidity, and possible campaign offers. To get a personal offer, please submit a lease application.
Contract fee

Ask for a personal lease offer.
Starting from 1% of the acquisition cost of the lease item, min €225.
Discounts apply to SEB Gold Clients.

Lease payment Approximate lease payment can be calculated with the help of lease calculator.

We offer the PZU motor own damage insurance and motor third party liability insurance with a possibility to pay the insurance premium together with monthly lease payment. Upon request, you can conclude the insurance contract with the insurer of your choice. The motor own damage insurance is mandatory throughout the lease period and must be concluded with the minimal deductible.

*depends also on the redemption obligation agreed with car dealer

Requirements for the vehicle
  • We offer car leasing for new and used vehicles, if:
    • The financed amount of the price exceeds 5,000 euros
    • The age of the car upon expiry of the lease period is less than 16 years
    • The mileage of the car at the moment of purchase is less than 250,000 km
  • If the car dealer is not a partner of SEB, a valuation report prepared by a partner of SEB is to be submitted
  • Before conclusion of the lease contract, the car must be registered with the regional office of the Road Administration.
  • The leased vehicle must have a valid motor own damage insurance cover throughout the lease period. The motor third party liability insurance is the responsibility of the lessee.

If the needed credit amount for financing the purchase of a car is less than 5,000 euros, could be suitable for you the SEB Car loan. In case of loan there is no obligation for motor own damage insurance and valuation report and there are no restrictions to the age or mileage of the car.

You may become a lessee, if
  • You are an adult citizen of the Republic of Estonia or have a long-term residence permit
  • You have a permanent job with at least 6 months’ length of employment with regularly received monthly remuneration
  • Your income is sufficient for the payment of current loan, leasing and hire purchase obligations and daily subsistence. As permanent income, we consider remuneration and other regular certified income (rent, lease, allowance, scholarship, etc.).
  • Your total amount of all monthly credit obligations together with the new planned lease is up to 30-50% of your net income. The exact rate depends on your income and number of dependants.

You may apply for the leasing together with your spouse or partner, who will provide surety to the performance of lease obligations. In this case, we shall take into account the earnings and obligations of both persons.

Annual percentage rate as a typical example

The initial annual percentage rate of charge of car leasing (financial lease) is 3.66% under the following sample conditions:

  • price of vehicle, EUR 20,000 (VAT included);
  • down-payment EUR 2,000 (10% of the cost of vehicle);
  • residual value 0% of the cost of vehicle;
  • total amount of credit taken into use EUR 18,000 (VAT included);
  • interest rate 2.99% p/a on credit balance (the interest rate consists of 6 month EURIBOR and a margin of 2.99%; as at 23 March 2021 the 6 month EURIBOR rate was –0.518% (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 5 years in 60 monthly annuity payments;
  • contract fee EUR 225 is paid upon conclusion of the contract;
  • the total monthly fees of the bank's current account and payment order are 0.46 euros.

The total amount of repayments payable by the client is EUR 19,423.42 and total amount is EUR 21,676.48.

The vehicle shall have comprehensive insurance and third party liability insurance cover throughout the lease period. Costs of insuring, possible property registration costs, state fees and price of the valuation report were not considered in the APR calculations.

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 electronically
  • 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 Leasing 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.

Amendment of lease contracts
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.

Terminating 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 (e.g. parking fine, fine for speeding), we shall send you a document for terminating the lease 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.

Terminating operating lease

  • Upon expiry of the lease term you must return the vehicle.
  • Please examine the Instructions for Normal and Abnormal Wear and Tear of Vehicles. This contains detailed information on the quality requirements of vehicles upon returning.In case of an operating lease with redemption obligation, present the vehicle to the repurchaser for inspection before expiry of the contract.

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
EURIBOR® historical data
EONIA® historical data
€STR 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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    665 7910

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