We offer car leasing for new and used vehicles, if:
- The financed amount of the price exceeds 5,000 euros
- The age of the car upon expiry of the lease period is less than 16 years
- The mileage of the car at the moment of purchase is less than 250,000 km
- If the car dealer is not a partner of SEB, a valuation report prepared by a partner of SEB is to be submitted
- Before conclusion of the lease contract, the car must be registered with the Estonian Transport Administration
- The leased vehicle must have a valid motor own damage insurance cover throughout the lease period. The motor third party liability insurance is the responsibility of the lessee
If the needed credit amount for financing the purchase of a car is less than 5,000 euros, could be suitable for you the SEB Car loan. In case of loan there is no obligation for motor own damage insurance and valuation report and there are no restrictions to the age or mileage of the car.
- You are an adult citizen of the Republic of Estonia or have a long-term residence permit
- You have a permanent job with at least 6 months’ length of employment with regularly received monthly remuneration
- Your income is sufficient for the payment of current loan, leasing and hire purchase obligations and daily subsistence. As permanent income, we consider remuneration and other regular certified income (rent, lease, allowance, scholarship, etc.).
- Your total amount of all monthly credit obligations together with the new planned lease is up to 30-50% of your net income. The exact rate depends on your income and number of dependants
You may apply for the leasing together with your spouse or partner, who will provide surety to the performance of lease obligations. In this case, we shall take into account the earnings and obligations of both persons.
Power of attorney for using the vehicle
If the user of the vehicle is not listed on the vehicle registration certificate, the responsible user of the vehicle can request from SEB Liising:
- simple letter of authorization to use the vehicle in Estonia or the countries of the European Union;
- notarized power of attorney for vehicle use outside the European Union countries
The vehicle must have valid insurance coverage for the countries where the power of attorney is requested.
To order a power of attorney, please send your request from the Internet bank or send a completed and signed power of attorney request (PDF) to the address liising@seb.ee
The responsible user of the vehicle can request a power of attorney from SEB Liising to perform the necessary actions.
SEB Leasing's power of attorney is needed to perform the following actions:
- to add and edit users
- number plate change
- to change technical data
- to change registry data
A leasing power of attorney is not required to perform the following actions:
- ordering a new license plate if the license plate is lost or destroyed
- ordering a duplicate technical passport
- determination during business trips
To order a power of attorney, please send your request from the Internet bank or send a completed and signed application (PDF) to liising@seb.ee.
To change the leasing contract, submit a request from the Internet bank or send us your request to the address liising@seb.ee.
We shall send the lease invoices to Internet Bank or e-mail. Inform us of your preferred choice in a letter.
For more convenient payment of lease invoices we recommend e-invoice with automated standing order service.
You will find information on your current lease contract and payment schedule in Internet Bank.
- The lease term shall end with payment of the last lease payment. After all lease payments have been made and if, according to our knowledge, there are no additional claims against the vehicle (e.g. parking fine, fine for speeding), we shall send you a document for terminating the lease contract. On the basis of this document you have to reregister the vehicle in ARK and become the owner of the car.
- If you have concluded financial lease with residual value, you will pay the residual value together with last payment. It is possible to apply for extension of the lease term for the payment of residual value in instalments.
- To terminate the leasing agreement, please submit a termination request from the internet bank or send a completed and signed early termination (PDF) request to liising@seb.ee.
- Upon expiry of the lease term you must return the vehicle.
- Please examine the Instructions for Normal and Abnormal Wear and Tear of Vehicles. This contains detailed information on the quality requirements of vehicles upon returning. In case of an operating lease with redemption obligation, present the vehicle to the repurchaser for inspection before expiry of the contract.
- To terminate the leasing agreement, please submit a termination request from the internet bank or send a completed and signed early termination request (PDF) to liising@seb.ee.
