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.

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

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.

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.

The object of leasing must be insured with CASCO and traffic insurance for the entire period of the lease. 

At your request, our partner, Smart Kindlustusmaakler AS, will make you a CASCO and traffic insurance offer.

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

In general, the rate in your leasing/rental agreement is made up of a fixed rate and the EURIBOR rate or variable rate (base rate). The frequency and date of changes to your variable (EURIBOR) rate is set out in your rental/leasing agreement. You can keep up with your updated monthly invoices and payment schedule in the emails we regularly send to the email address in your agreement. Private customers can also conveniently see their monthly invoices from Citadele Leasing in the Leasing Portal. Please bear in mind that the repayment schedule we send to your email address is for your information only, and does not reflect potential fees for missed payments and other additional fees in accordance with the agreement.

If you have found an interested party who wants to transfer your lease agreement to their name and become the new user of the leased object, it essentially involves applying for a new lease.  Therefore, we kindly ask the interested party to submit a lease application with the additional documents required.

If the credit decision is positive and interested party wishes to enter into a lease agreement with us, you will need to submit an application to terminate your lease agreement prematurely.

Private
To apply for a leasing, please fill in leasing application in Leasing portal.
Attach bank account statement(s) for past 6 months and car valuation or car offer from dealer.

Business
To apply for a leasing, please fill in leasing application in Leasing portal. 
Attach to the application the latest balance sheet and income statement and object valuation or sales offer from dealer.

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.