Leasing for businesses

Financial leasing will be most suitable if you want to become the owner of the leased object after the final payment. During the leasing period, the entire cost of the leased object will be paid in monthly installments.

Operating leasing is suitable if you want to use a leased object for a certain amount of time and aren’t sure whether you wish to keep it. At the end of the lease period, you will be able to choose whether to return the object, sell it to third oarty or purchase it for the remaining value.

The object of leasing must be insured with casco/property and traffic insurance (if required by the law) for the entire period of the lease. 

At your request, our partner, Howden Kindlustusmaakler OÜ, will make you a casco, prorerty and/or traffic insurance offer.

Use Leasing portal to submit CASCO insurance policy digitally or send copy of policy to kindlustus@citadeleleasing.ee.

Initial costs that you have to take into account when concluding a leasing transaction: down payment, agreement fee, car appraisal (if a used car is purchased), car registration with the Traffic Register Bureau of the Transport Administration, CASCO and traffic insurance. In the following period - monthly leasing payments, insurance, fuel and car maintenance costs.

Citadele Leasing finances purchase of cars, motor vehicles, commercial vehicles, various types of machinery and equipment. The leasing object can be new or second hand.

Starting from January 1, 2024, the VAT rate in Estonia is 22%, instead of the previous 20%. 

For finance lease agreements, there will be no changes in the payments due to the increase in VAT if the selling price of the leased object has been paid to the seller and the leased object has been handed over to you by December 31, 2023. 

Regarding operating lease agreements, the application of the new VAT rate depends on the moment of contract conclusion. 
If the operating lease agreement is concluded until April 30, 2023, the old VAT rate of 20% will be added to the installments (principal payments) until December 31, 2025, and the new VAT rate of 22% will apply to such agreements starting from January 1, 2026. 
If your operating lease agreement is concluded from May 1, 2023, the new VAT rate of 22% will be added to the operating lease installments (principal payments) immediately from January 1, 2024. 

When purchasing the leased object (e.g., a vehicle) of an operating lease agreement, the new VAT rate of 22% will be added from January 1, 2024.

You can find all the details of your lease agreement in the leasing portal.

Yes, lease agreement can be terminated early.

In this case, leased object is bought out by the lessee or sold to a third party.

To receive final invoice, please send us your request to liising@citadele.ee. 

Invoice will be prepared within 1 working day.

After payment of the final invoice, leasing initiates the change of ownership in the e-service of the Transport Administration in the name of the buyer within two working days.

A service fee might be charged in accordance with the price list:

• private customer
• business

Your monthly payment amount depends on several factors, of which just one is the interest rate's variable part, or EURIBOR. The payment amount also depends on the number of days in the specific period, as well as your loan balance. Since 2015, the EURIBOR rate has been negative, but bearing in mind the growing rate of inflation, the European Central Bank (ECB) Council made the decision to raise base rates. The EURIBOR rate has now started to increase, meaning that monthly payments are also increasing. There can be changes to your payment amount every 3, 6 or 12 months, depending on what variable rate is specified in your Agreement.

In order for monthly payment to be paid in the correct amount and on time, we recommend our leasing customers to order an e-invoice with automated payments.

Please send digitally signed application for agreement changes to liising@citadele.ee or submit application through Leasing portal. 
Our specialist will then contact you.

For example, a partial early repayment of the lease, a change in the leasing period, the release of additional collaterals (surety, guarantee) or the request for a payment holiday are considered as changes to the contract.

A service fee will be charged in accordance with the price list.

The object of leasing must be insured with CASCO insurance for the entire period of the lease, the beneficiary must be SIA Citadele Leasing Estonian branch. The client must always provide a copy of the valid CASCO insurance to leasing.