Car leasing

Enjoy driving your new car!

For you as our Gold client, the agreement fee is –20%!

If you’re thinking about buying a new car, lease makes a perfect solution.
Smooth process online from application till the final repayment.
Fill in the application in just a few minutes.

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Find yourself a suitable monthly payment

Car leasing calculator

Type of vehicle

NewUsed

Car price

EUR

The minimum car price financed by leasing is 11 200 EUR. We recommend using the car loan for smaller amounts.

Loan period

Down payment

EUR

Residual value

EUR

Environmentally friendly cars

CO₂ emission level*

* According to the light vehicles test procedure (WLTP) data.

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

Basis for the calculation

Monthly payment
161EUR
Agreement fee
200EUR

Why Lease a Car?

Leasing is best solution if you are planning to purchase a new or slightly used car.
Interest rate starts from 2.29% + 6 month Euribor
Convenient to apply for and to sign the contract via the internet bank

Capital Leasing

In the case of Capital Leasing, you’ll pay the entire value of the vehicle, and at the end of the contract, you’ll become the owner of the vehicle.
In case of Hire-purchase you can acquire the vehicle from a private person or a company that is not a VAT payer.

Operational Leasing

In the case of an Operational Leasing, there will be a residual value at the end of the contract, and you can decide later what to do. Whether:

to keep the car, paying the residual value of your own funds or we will find a new financing solution to you;
to sell the vehicle to a third party and pay us the residual value;
to return the vehicle to the seller.

Motor vehicle tax

Starting January 1, 2025, a motor vehicle tax entered into force, consisting of a vehicle registration fee and an annual fee.

The registration fee applies to passenger cars (M1 category) and trucks with a gross weight of up to 3,500 kilograms (N1 category). The registration fee must be paid to the Transport Administration before the first registration in Estonia. This fee also applies to vehicles already listed in Estonian motor register upon the first change of ownership if no registration fee has been paid for that vehicle before.

The registration fee is not payable if, at the end of a leasing agreement, the lessee (i.e. the responsible user) becomes the new registered owner of the vehicle. If a third party buys out the leased vehicle, then the registration fee must be paid. Another exception is when ownership changes due to inheritance; in this case, no registration fee is required.

Additionally, the owner of a motor vehicle is required to pay the annual fee to the Tax and Customs Board. For leased vehicles, the lessee as the responsible user must pay the annual fee.

Useful Information

After finding a suitable vehicle, fill in the Car Lease application in the internet bank or at the car dealership.
We will contact you.
If the seller is not a cooperation partner of Swedbank, order the valuation report of the car.
Sign the contract in the internet bank and make the down payment.
Instruction manual on the digital signing of leasing documents
The seller initiates registrationof the vehicle in the name of Swedbank AS at the Traffic Register Bureau of the Transport Administration.
Transport Administration e-service guide for vehicle vendor
Take out Casco Insurance and Traffic Insurance for the car. You can add insurance payments to the monthly lease payment and make them into one. To do this, the contracts must be signed in the internet bank at the same time.

If you going to take casco insurance with other company than Swedbank, please email the policy to liisinguadmin@swedbank.ee or upload the policy to the Internet bank on the E-documents page by clicking here.

Terms and conditions

Loan amount starting from €10,000
Loan period up to 7 years, in case of Operational lease the loan period is up to 5 years
The age of the car at the end of the lease cannot be more than 15 years
Down payment starting from 10%
Mandatory Casco Insurance
Leasing annual interest rate starts from 2.29% + 6 month Euribor. Interest is calculated on the loan balance.
- History of base interest rates
Negative Euribor equals to zero.
Contract fee 1% of the lease amount; minimum €200
Net monthly income at least €800, with a co-applicant at least €1100.

Special conditions for environmentally friendly cars!

Get special conditions when purchasing an electric, low-consumption or hybrid car.

For new or used car with a CO₂ emission level not exceeding 50 g/km*, the interest rate starts from 1.49% + 6 month Euribor.
For new car with a CO₂ emission level of 51–130 g/km*, the interest rate starts from 1.89% + 6 month Euribor.
Special conditions include Swedbank casco insurance with an 10% discount for the first year.

*According to the light vehicles test procedure (WLTP) data.

Car lease fees

Vehicle leasing

Effective as of 01.11.2024 Effective as of 01.01.2025

Agreement fee	1% of the price of the property, no less than 200 €
Amendment of the lease agreement
Changing the payment date (first change is free of charge)	30 €
Restoration of the agreement, repayment holiday	65 €
Changing the type or period of the agreement, changing a collateral (e.g. surety, guarantee) other changes	160 €
Making an additional payment of operating lease	160 €
Making an additional payment of capital lease and hire-purchase in the case of a floating interest agreement	free of charge
Making an additional payment of capital lease and hire-purchase in the case of a fixed interest agreement	ask for a quote
Early termination of the lease agreement (gaining ownership of the vehicle)
Early termination of an operating lease agreement (within the first 9 months of the agreement)	the interest until the end of the 9th month
Early termination of an operating lease agreement (later than 9 months from agreement signing)	free of charge (interest for the period used)
Early termination in the case of a fixed interest rate capital lease and hire-purchase sales agreement	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
Early termination in the case of a floating interest rate capital lease and hire-purchase sales agreement	free of charge (interest for the period used)
Purchasing of the vehicle by a third party in case of operating and capital lease agreements. The price is inclusive of VAT. In case of operating lease fee is applicable for early termination and contract expiration.	150 € (in addition to early termination fees)
Penalty	ECB interest rate + 8% a year (currently 0.034% a day, 12.25% a year) ECB interest rate + 8% a year (currently 0.031% a day, 11.15% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
Other services The price is inclusive of VAT.
An unattested power of attorney of giving property to sublessee	50 €
An unattested power of attorney (e.g. exchange of the license plate, amendment of the user data, ordering of keys, etc.)	10 €
Formalization of Estonian Transport Administration e-service transaction	5 €
Notarized power of attorney of the vehicle (e.g. using the vehicle)	starting from 75 €
Preparation of a certificate	10 €
Sending a notice on breach, forwarding a fine	10 €
Re-formalization of an invoice (incl. cancelling)	50 €
Contractual penalty for delays in the timely return of the vehicle	50 € a day
Document processing fee (e.g. archived documents)	30 €
Property valuation service (incl. passenger cars, motorcycles, ATVs)	95 €
Provision of valuation services on site	agreed fee
Truck, trailer, heavy machinery (incl. excavators, caravan cars, tractors, loaders, hoists, combine harvesters, couplings, forestry machinery), watercraft and equipment valuation service	agreed fee

Early Termination of Contract

Fill in an application for the termination of the contract if you want to pay off the remaining balance in full or sell the vehicle before due date.
In the case that the vehicle is purchased by a third person, we require a confirmation from the buyer via a bank notice or e-mail at liising@swedbank.ee. Final invoice preparation could take up to 2 weeks. Swedbank Liising AS has the right to refuse to prepare the final invoice to the third party indicated in the invoice. In case the lease object is being purchased by a third person, then service fee will apply according to the pricelist.
In the case that the vehicle is purchased by a third person, we require a confirmation from the buyer via a bank notice or e-mail at liising@swedbank.ee. Final invoice preparation could take up to 2 weeks. Lessor has the right to refuse to prepare the final invoice to the third party indicated in the invoice. In case the lease object is being purchased by a third person, then service fee will apply according to the pricelist. Registration fee may apply when changing vehicle ownership at the Transport Administration.
You will receive an invoice, and following the final payment you can register the vehicle at the Estonian Transport Administration in your or the buyer’s name.

Contract Expiration

Termination of Operating Lease with Residual Value

Extending the contract. Fill in an application for extension of the contract.
Paying off the residual value. Fill in an application for termination of the contract. You will receive an invoice, and following the final payment you can re-register the vehicle at the Estonian Transport Administration.
Returning the vehicle. The leased car must be presented to the car dealership for vehicle inspection no later than 1 month before the expiry of the contract. The vehicle must meet the requirements of normal wear at the time of return. Fill in the act of property inspection and return.
Returning the vehicle. The leased car must be presented to the car dealership for vehicle inspection no later than 1 month before the expiry of the contract. The vehicle must meet the requirements of normal wear at the time of return.

Transfer of The Lease Contract to A Third Party

If you want to sell the vehicle passing the leasing contract to the buyer, the buyer must fill in the lease application.
Following a positive decision, fill in an application for termination of the contract indicating the details of the buyer.
We shall enter into a leasing agreement with the buyer, after which the car shall be re-registered at the Transport Administration.
Note! The previous owner must contact the insurance company and re-register the Traffic Insurance before the re-registration.

Operations at The Transport Administration

If you want to register the leased car in your name, we will initiate the transfer of the vehicle in the e-service of the Transport Administration. Following the payment of the last instalment you must complete the process within five calendar days, starting from the moment the information has been entered into the e-service. You will be notified accordingly.
If you buy the car or extend the contract with a Car Loan, you must register the vehicle in your name at the Transport Administration within 30 days.

Casco and Traffic Insurance

If your leasing contract ends, take a look at your insurance contract, too, as it may also end.
If you register the car in your name, let us know, so we can register the Casco Insurance contract in your name, too.
All contracts are accessible to you in the internet bank, where you can view and change the conditions. For more information please call +372 888 1513 or send an e-mail to varakindlustus@swedbank.ee.

You can make the following changes to your leasing contract:

extend the term
change the payment date
apply for a grace period
make early partial repayments

To change the contract please submit an application

Authorisation for Use of The Vehicle

Using the vehicle in Estonia and elsewhere in the EU no authorisation is required.
Using the vehicle in another foreign country fill in the Application for Authorisation.
NB! Before travelling abroad with your leased vehicle, make sure that CASCO insurance is valid in the countries you will be driving in.
Changes in The Vehicle Registry Data
If you would like to change 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 Transport Administration. Application for authorisation to take registry steps in the Transport Administration

If you would like to change the registry details of the vehicle, you will need an unattested letter of authorisation issued by the lessor in order to take registry steps in the Transport Administration. Application for authorisation to take registry steps in the Transport Administration

Your car can be a step towards to a more sustainable lifestyle

Did you know that transport is responsible for 30% of the total CO₂ emissions? But car industry is also bringing lots of new possibilities. Eco-friendly cars are not only better for the environment, they also tend to have lower ownership costs.

Tips to get you started

Choosing electric, hybrid or other low CO₂ emission caris your chance to be more environment friendly. We have special leasing offer for eco-friendly cars.
Carpooling can reduce your environmental footprint by 3-4 times. Start small - give a ride to a colleague and try to do carpooling as often as you can.
Walk, bike or use public transportation when possible. By the way, 30 minutes of fast-paced walk a day is a good workout and a great mood booster.

Fuel economy and environmental label

When buying a new car, bring your attention to the fuel economy and environmental labels – they indicate how much CO₂ emissions your car produces.

Zero & low emission
vehicles (electric, plug-in vehicles)

Low & average emission
vehicles (mostly hybrid vehicles)

Average & high emission
vehicles (diesel, petrol vehicles)

CO₂ calculator

Calculate how much carbon footprint does your transport choice create monthly?

Vehicle

Fuel

Kilometres driven per day

60 km

0 km

100 km

People in vehicle

Kilograms of CO₂ per month
0
Trees needed to absorb your impact
0

Calculator's methodology based on ClimateCare.

Leasing offers

Contacts

Swedbank Liising AS

Swedbank AS

Liivalaia 8
15040 Tallinn, Estonia
613 1324
liising@swedbank.ee
S.W.I.F.T.: HABAEE2X
Register code: 10434248
Register code: 10060701
VAT number: EE100354546

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Car leasing

Enjoy driving your new car!

Find yourself a suitable monthly payment

Car leasing calculator

Why Lease a Car?

Capital Leasing

Operational Leasing

Terms and conditions

Special conditions for environmentally friendly cars!

You can make the following changes to your leasing contract:

Authorisation for Use of The Vehicle

Your car can be a step towards to a more sustainable lifestyle

Tips to get you started

Fuel economy and environmental label

CO₂ calculator

Leasing offers

You might also be interested in

Car loan

Casco insurance

Traffic insurance

Contacts

Swedbank Liising AS

Swedbank AS

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