Industrial and Commercial Vehicles Leasing	Our partners partneri Fees

Industrial and commercial vehicles lease is an expedient means of financing for businesses to purchase different facilities, machinery and equipment intended for service delivery and production development. As well as vehicles intended for commercial activities (trucks, towing cars, trailers, buses, etc.)
Purchase of the required equipment is possible under financial or operating lease.

Conditions

Individual consultation with Business customer consultant is available convenient for you at any Swedbank branch or at Business programme customer Banking Centres.

Required documents

• Lease application
• Short company description.
• Specification of purchasable object.
• Registration certificate of the company and certificate of a VAT taxable person
• Annual report for the previous fiscal year
• Last quarter’s balance sheet, and statement of income
• Car valuation (in case of second-hand car) No valuation is required if the car is purchased from Swedbank cooperation partners. For a list of approved valuators, see here
• Other documents required for processing the transaction

Process of arranging the lease

• Submit the necessary documents to Swedbank,
• Agree on terms and conditions of the lease, sign the agreement on lease and other documents related to it,
• Effect the initial instalment to the bank,
• Receive the property and arrange for an insurance policy.

Advantages for customers

• Fast and simple application processing,
• Personal approach for every customer
• Professional consulting within the framework of finance projects,
• Receive financing in EUR or LVL at a fixed or floating interest rate,
• Make leasing payments from one’s account using the Direct Debit,
• Arrange for an operating lease that facilitates the company’s accounting by carrying lease payments to expenses on the balance sheet,
• Take out insurance for all risks at Swedbank P&C Insurance AS branch in Latvia.

Offers for industrial equipment and commercial vehicles are available in the www.lizings.lv catalogue.