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Lease of equipment and special machinery

Lease of equipment and special machinery

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 self-propelled agricultural, forestry, construction and logistics machinery subject to registration with public authorities, as well as medical, office and manufacturing equipment.

Regular terms of the lease agreement

For new machinery and equipment For second-hand machinery and equipment*
Lease term is up to 5 years. The purchased machinery and equipment may not be older than 10 years at the end of the lease term.
The down payment is 30% of the market value of purchased machinery and equipment. 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 insurance coverage for the machinery and equipment 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 insurance.

* Second-hand machinery or equipment 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 term 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 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.

You need to get insurance coverage for the property 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):
    • unconditional deductible is EUR 300, if the insured amount is lower or equals EUR 289,620
    • unconditional deductible is EUR 1,500, if the insured amount is higher than EUR 289,620
    • for timber industry equipment: 10%, but not more than EUR 10,000
  • The beneficiary is AB SEB bank.
  • Standard terms of the property insurance contract 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.

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, 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
  • 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 144,810.01 / 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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