Car leasing

You can buy a car quickly and conveniently

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 or operational leasing service enables you to replenish your car fleet with new or second-hand commercial or non-commercial passenger cars.

Apply for financing

Conditions
Charges
Incurance
How to use property
Where to apply?

Cars purchased on lease

Buying on lease is available for commercial (class N1*) or non-commercial (class M1*) vehicles:

with technically permissible total weight (of a loaded vehicle) not higher than 3,500 kg
with not more than 8 passenger seats and one driver seat

* According to the applicable EU classification.

Financing options: financial leasing and operational leasing

Financial leasing

You can buy a car once you have signed a financial lease agreement. Under this agreement payments can be made in two ways:

For a defined fee you can use the car for the agreed term and once you have paid the total price for the car in equal periodic instalments, including interest, over that period and fulfilled other terms of the lease agreement, you become the car’s owner
Payment of a large portion of the car’s price is postponed — you’ll have to pay this part of the price together with the last instalment, paying only small instalments and interest on the outstanding amount of the car’s price (residual value) over the whole term of lease.

In both cases the purchased property is included in the company’s balance sheet and is subject to depreciation.

Benefits to financial leasing

You can use property before you pay the whole price.
You can manage your finances efficiently as you have more working capital, which can be redirected to your other needs.
You choose the term of meeting your liabilities as well as the level of down payment and periodic instalments.
You don’t need an additional pledge of your property because the property you buy is treated as a collateral.

Operational leasing

When you sign an operational lease agreement, for the defined term you are using the vehicle of your choice and pay the lease. Once the agreement has expired, you can either:

return the vehicle to the leasing company
buy the vehicle

The lease you pay to the leasing company is included in the company’s costs.

Benefits to operational leasing

Simple accounting — you don’t buy additional property while leased property is recorded on the company’s accounts, so the lease is the only costs for your company.
You use property without buying it, which means you don’t incur depreciation costs or have trouble selling the property after the lease expires.
Maintenance costs don’t change over the whole lease as all insurance and operation costs are broken down into equal monthly payments, treated as operational expenses (you pay to one company once monthly).
You have additional access to car repair services, whose VAT is included in the VAT invoice, so you don’t incur related administration (contract renewal, settlement, etc.) expenses and can foresee property operation costs with a high degree of accuracy.
It is convenient to renew property because once your lease expires, used property can be returned to the leasing company and replaced with new property.

Regular terms of the lease agreement

For new cars	For second-hand cars*
Lease term: up to 7 years for financial leasing up to 5 years for operational leasing	For financial leasing, the car may not be older than 13 years at the end of the lease term. For operational leasing, the car may not be older than 7 years at the end of the lease term.
Down payment (deposit) starts from 10% of the car’s market price.
The residual value of property at the end of the lease term is established after an analysis of the leasing deal (property, down payment, term and other conditions).
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. The leasing plus insurance services saves you time and money because we and the insurance company will take care of your car insurance.
Repurchase guarantee (compulsory for operational leasing).

* A second-hand car must be in good technical shape and meet the natural depreciation requirements for property.