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Agricultural machinery leasing

Agricultural machinery leasing

You can buy machinery quickly and conveniently

  • You don’t have to pledge additional property
  • You choose the main terms (down payment, term of lease, payment method) according to your needs and possibilities
  • We help you to buy the property of your choice and handle the purchase documentation

The financial leasing service enables you to buy new or second-hand* agricultural machinery and equipment subject to registration with public authorities.

Regular terms of the lease agreement

For new machinery For second-hand machinery*
Lease term is up to 5 years The machinery may not be older than 10 years at the end of the lease term.
Down payment starts from 10% of the price for purchased machinery. In months 3, 4 and 5 an additional instalment is charged.
Variable or fixed interest. The interest rate is set after reviewing your solvency. To get a leasing offer, please complete an application and visit a SEB bank unit of your choice:

Lease application (XLS, 308 KB, in Lithuanian)

You need to get CASCO (Casualty and Collision) insurance coverage for the machinery you are buying from an insurance company acceptable to SEB Bank. The leasing plus insurance services saves you time and money because we and the insurance company will take care of your property insurance.

* Second-hand machinery must be in good technical shape and meet the natural depreciation requirements for property.

How to use property

You must take care that for the entire lease period the purchased 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.

Requirements for the company

  • Continuous business operations (of at least 2 years) and clear future plans
  • Good financial results – you must have sufficient funds both to develop business and to meet financial liabilities

For more information about leasing, operational leasing or related services, terms and rates please call our 24/7 line +370 5 268 2822 or visit a SEB bank unit of your choice.

Fees for arranging documentation of a lease agreement
Leasing agreement fee 1% of the asset value, but not less than EUR 150
Additional fee for drawing up an agreement (finance lease, operating lease, purchase and sale, repurchase, etc.) in the English language. 150 Eur
Change of the debt roll-over agreement / leasing agreement term 1% of the outstanding asset value, but not less than EUR 150
Agreement amendment or payment schedule change at the customer’s initiative fee or resumption of an agreement EUR 100.00
Change of the leasing payments date EUR 30
Agreement termination and sale of assets fees in the event of termination or expiry of a finance lease or an operational lease agreement
Agreement termination fee 1.5 per cent of the residual value, but not less than EUR 150
Sale of assets to the lessee (in case termination or expiry of an operating lease agreement) EUR 300
Sale of assets to the repurchase entity (in case of termination of an operating lease or a finance lease agreement) EUR 300
Sale of assets to a third party in Lithuania 1.5 per cent of the residual value, but not less than EUR  300
Sale of assets to a third party outside Lithuania or sale of assets in case of complete damage 1.5 per cent of the residual value, but not less than EUR  500
Certificate issue and other fees
Drawing up of additional documents (sublease, lease, access and other consents, official letters, authorisations, document copies, statements of annual turnover,  etc.) or reissue of previously drawn up documents at customer’s request EUR 20.00
Handling of administrative penalty documents as well as other documents received in customer’s name EUR 10 per each document received
  • International money transfer charges if payment for the customer’s property is being made: to another country; in a foreign currency to another bank in Lithuania; under an urgent payment order
  • Real estate tax
  • Guarantees
  • Mortgage fees (including when a car is pledged)
compensated by the customer

 


For more information about leasing, operational leasing or related services, terms and rates please call our 24/7 line +370 5 268 2822 or visit a SEB bank unit of your choice.

Choose a property you want to buy on lease, obtain a sales offer from the seller and file a completed lease application and other below-listed documents at a SEB bank unit of your choice.

List of required documents

  • Sales offer prepared and signed by the property seller
  • Lease application (XLS, 309 KB, in Lithuanian)
  • Certificate of incorporation of the farm or agricultural company
  • Articles of association of the agricultural company
  • Personal identity document (passport of a Lithuanian national or personal identity card) of the head of the company
  • Annual balance sheets, profit and loss accounts and profit appropriation accounts for the last two years
  • Quarterly balance sheets, profit and loss accounts and profit appropriation accounts for the current year
  • A property valuation certificate prepared by a property valuation company acceptable to the SEB Bank (PDF, 33 KB, in Lithuanian)  , if property intended for specific needs is being purchased of the price for property exceeds EUR 144,810.00 / LTL 500,000
  • Additional documents (on request)

For more information about leasing, operational leasing or related services, terms and rates please call our 24/7 line +370 5 268 2822 or visit a SEB bank unit of your choice.

Contact

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