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Freight vehicles leasing

Freight vehicles leasing

You can buy vehicles 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 service enables you to buy new and second-hand tractor units, trucks, trailers, semi-trailers and other freight or special vehicles.

Freight vehicles bought on lease

Buying on lease is available for new and second-hand freight vehicles:

  • with total weight (of a loaded vehicle) of more than 3 500 kg (not required if in line with below-listed requirements for the number of seats)
  • with more than 8 seats, excluding the driver’s seat (not required if in line with above-listed weight requirements)
  • falling within classes M2, N2, M3, N3 and Ox (according to applicable EU classification)

Financing methods

You can buy the vehicle of your choice once you have signed a financial lease agreement. For a defined fee you can use the vehicle for the agreed term and, once you have paid its total price in instalments, including interest, over that period and fulfilled other terms of the lease agreement, you become the vehicle’s owner.

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.

Regular terms of the lease agreement

For new vehicles For second-hand vehicles*
Lease term is up to 7 years. The vehicle may not be older than 10 years at the end of the lease term.
The down payment is 10% of the vehicle’s market value. In months 3, 4 and 5 an extra instalment of 17% of property value is charged.
Interest 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 vehicle you are buying on lease from an insurance company acceptable to SEB Bank.

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

Requirements for the company

  • Continuous business operations 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.


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.

You need to get CASCO (Casualty and Collision) insurance coverage for the vehicle you are buying on lease from an insurance company acceptable to AB SEB bank.

Requirements for property insurance

  • The insured amount may not be lower than the residual value of property on the date of signing the insurance contract.
  • Deductible (the part of loss which is not indemnified by the insurance company) in the event of theft is not more than 10% of loss and the unconditional deductible is not more than EUR 3,000.
  • The beneficiary is AB SEB bank.
  • Standard terms of the Casualty and Collision (CASCO) insurance apply.

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.

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?

  • Damaged geometry of the body, broken, misshapen or otherwise mechanically or thermally damaged parts
  • Non-operational devices and mechanisms
  • Depression of the body, crack of the paint coating and a deep scratch (if the paint coating is damaged down to the undercoat)
  • Wear of the paint coating caused by inappropriate wash and/or cleaning
  • Defects caused by poor-quality repair
  • Fracture of the body glass
  • Abrasion of the body glass caused by inappropriate use and/or cleaning
  • Faults in the passenger compartment, e.g. seats are with burning marks or soiled, the plastic parts of the front dashboard or the inner trunk lid, the window opening handles are broken, etc.

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 vehicle, 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 vehicle seller
  • Lease application (XLS, 308 KB, in Lithuanian)
  • Personal identity document (passport of a Lithuanian national or personal identity card) of the head of the company or person authorised to sign the agreement
  • The company’s certificate of incorporation, memorandum of association (for partnerships and cooperatives) and articles of association
  • Copies of balance sheets and profit and loss accounts for the previous economic year and for the last reporting period, approved by the head of the company
  • For second-hand vehicles, a document prepared by its seller which describes the condition of the vehicle, or a technical inspection protocol approved by UAB Tuvlita
  • 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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