Reach your goal in just a few steps
- Choose a car you would like to purchase
- Apply for leasing and receive an answer about your financing opportunities
- In the agreement you can choose the insurance for your car
- Sign the agreement remotely
- Make the first deposit
- Register your car at the Register of road vehicles
- We will transfer funds to the car seller
Feedback from our customers
"I received the car before the competing bank was able to make an offer. Speed is important today. Thank you!"
Comment from NPS survey
"I have taken both a housing loan and a car lease from SEB. SEB has made good offers without excessive question-and-answer round and time delay."
Comment from NPS survey
"Pleasant and fast service remotely (by phone and e-mail)."
Comment from NPS survey
We encourage you to choose an electric car
- A special interest rate 1,45%+Euribor (for new and used battery powered electric vehicles)
- First deposit for operating and financial lease starting form 10%
- Lower car maintenance costs
- Your responsible choice for our planet
When choosing leasing in SEB you can be sure about lot of things
* A second-hand car cannot be older than 13 years at the end of the lease period
You need to get CASCO (Casualty and Collision) insurance coverage for the car you are buying on lease from an insurance company acceptable to SEB Bank.
Please send your CASCO insurance policy to aon@seb.lt
Leasing calculator
Typical example for calculating annual percentage rate of charge (APRC) for car leasing
If you lease a car worth EUR 30,000, make a down payment of EUR 6,000 from your own funds, and lease the remaining EUR 24,000 for 5 years, you will pay a total of EUR 26,984.54, with a monthly payment of EUR 443.74. The annual percentage rate of charge (APRC) will be 4.91%. The APRC shows the total cost of the lease and includes these costs:
- 4.161% variable interest which contains of 2.15% margin + 3-month Euribor (value on the calculation day 2,011 %);
- EUR 300 agreement fee;
- EUR 1 per month minimum fee for basic banking services.
We have not included insurance cost in the APRC. You are required to insure the leased car with an insurer accepted by SEB Bank.
The APRC is shown to help you easily compare different offers. If the Euribor is negative, it is considered to be zero.
Financing methods
You can buy the car once you have signed a lease (hire-purchase) agreement. Under this agreement you can make payments in two ways:
- The payment may be broken down in equal portions and spread over the whole lease period.
- Payment of the larger portion of the car's fixed price (residual value) may be postponed. This portion is paid with the last payment while over the whole period small regular payments plus interest calculated from the non-repaid price of the car are paid.
| Main contractual terms and conditions | Financial leasing | Financial leasing when payment of residual value is postponed |
|---|---|---|
| Car price including VAT | EUR 30,000 | EUR 30,000 |
| Down payment (20%) | EUR 6,000 | EUR 6,000 |
| Residual value of the car | 0% | 20%** |
| Annual interest | 2.29% + 3-month EURIBOR | 2.29 + 3-month EURIBOR* |
| Agreement preparation and administration fee | EUR 300 | EUR 300 |
| Lease agreement period | 5 years | 5 years |
| Monthly instalment | EUR 450.41 | EUR 361.67** |
* The variable interest rate in example - 4,772%, consisting of 2,29% margin + 3-month Euribor (3-month Euribor value on calculation day is 2,482%)
** The residual value is paid together with the last lease payment. Extending the lease agreement is also available.
This is an example only. SEB Bank does not assume the obligation to finance on these terms.
At some point you might need some of this
| Leasing agreement administration and amendment fees | |
|---|---|
| Agreement fee | From 1% of the asset value, but at least EUR 200 |
| Change of the debt roll-over agreement / leasing agreement term | 1% of the outstanding asset value, at least EUR 200 |
| Agreement amendment or payment schedule change at the client’s initiative fee or resumption of an agreement | EUR 100 |
| Change of the leasing payments date | EUR 30 |
| Deferment of leasing instalments (except change of leasing term) | Free of charge |
| Agreement termination and sale of assets fees in the event of termination or expiry of a finance lease or an operational lease agreement | |
|---|---|
| For early termination of agreement | EUR 100 |
| Sale of property to another person in Lithuania | 1.5%, but at least EUR 300 |
| Sale of assets to another person outside Lithuania or sale of assets in case of complete damage | 1.5% of residual value, but at least EUR 500 |
| Certificate issue and other fees | |
|---|---|
| Drawing up of additional documents (sublease, lease, access and other consents, official letters, authorizations, document copies, statements of annual turnover, etc.) or reissue of previously drawn up documents at client’s request | EUR 20 |
| Mailing of VAT invoices | EUR 3 |
| Handling of administrative penalty documents as well as other documents received in client’s name | EUR 10 per each document received |
For more information about leasing and related services, terms or rates please call +370 5 268 2800 or visit a SEB bank unit of your choice.
Basic requirements
| For the buyer | Car leasing is available to any national of Lithuania or any individual with a residence permit in Lithuania for the entire period of the lease agreement if:
|
| For the car | You can buy a M1* or N1** category (according to the valid EU classification) vehicle:
* The purchased vehicle may not be used to earn profit from rent, freight transport, carriage of passengers, driving instruction and similar activities. |
| Car price, first deposit and term of lease |
|
| How to use property | You must take care that for the entire lease period the purchased car or other property is in good technical shape and of the same level of delivery (including all accessories) as it was on the date of signing the agreement and that its condition meets the natural depreciation requirements for property. |
| What are not the effects of natural depreciation? |
|
| Grace period | If you are facing an emergency, you can file us a request to postpone payment o instalments without changing the final loan maturity date. During the grace period only interest is payable.
Grace period – up to 3 months. |
For more information about leasing and related services, terms or rates please call +370 5 268 2800.
Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time. Based on our long-term lending practices, we analyse the situation of every applicant with care and responsibly assess their capacity to repay the loan.
Before you decide to apply for a loan, consider the borrowing-related risks. Use the leasing calculator to calculate a loan installment that you could pay the bank every month without difficulty and read the list of documentation required to obtain a loan.
The bank has the right to refuse awarding you a loan after it has analysed the available information about you.
We recommend that before you sign any financial service agreement you read the service terms carefully and consult the staff of the bank if you need to.
Have a question about leasing or car purchase?
For more information about leasing and related services, terms or rates please call +370 5 268 2800 .
