Leasing for businesses

Financial leasing will be most suitable if you want to own your car. Monthly payments, compared with an operating lease, will be higher, however, the car will be yours after the final payment. 

Operating leasing is suitable if you want to use a car for a certain amount of time and aren’t sure whether you wish to keep it. Monthly payments, compared with financial leasing, will be smaller. At the end of the lease period, you will be able to choose whether to return the car or purchase it for the remaining value.

Citadele leasing provides an answer on financing opportunities within 2 business days after receiving all documents necessary for the evaluation of the transaction.

If you are a natural person, we recommend that you find out your personal leasing limit by logging in and filling in the application here.

Please send copy of  CASCO insurance 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.

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.

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.

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.

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.