Car leasing for companies

Nordea offers financial and operational car leasing for corporate customers.

Financial leasing

• The company chooses the car leasing period
• The value of the vehicle is covered with monthly installments
• The car is accounted as a fixed asset
• At the end of the leasing period the car becomes company’s property

Operational leasing

• The company chooses the car leasing period
• The company pays rent in the leasing period but it does not cover a full value of the car
• The vehicle is not disclosed in the balance as a fixed asset
• The Company shall return the car to the lessor after expiry of the lease term. The car shall be returned to the lessor or a repurchaser in a condition matching the state of its natural depreciation.
• The company maintains the pre-emptive right for the car after the end of the leasing period

Terms

• Downpayment for new cars – starting with 10%, for used vehicles - 20%
• Leasing objects are new or used cars, not older than 9 years after the end of the leasing period
• Car seller must be a legal entity
• Leasing period 6-60 months
• You can choose fixed or floating leasing percentage rate
• Minimal financed amount is LVL 3 500 (or equivalent in other currency)
• Deal currency: LVL, EUR or other by request
• Flat fee – up to 1.5% of the Leased Object’s price + VAT (min. LVL 85 + VAT)
• Application reviewed in 1 working day
• KASKO insurance can be included in the leasing financing
• Nordea Finance Latvia will help you to process documents for insurance policy

Documents to be submitted

• Filled application form
• Company's establishment documents: statutes, registration certificate, tax payer certificate (copies)
• Company's annual review for the previous year, balance, profit or loss account for the last quarter or half-year
• Proxy for submitting and signing the documents if the document submitter and signer has no signatury powers in the company
• Seller’s offer and invoice
• Valuation, if pre-owned vehicle is chosen (list of estimators)

Consultations are free off charge - tel. 67 096 083

Leasing application forms can be submitted:

• At any Nordea customer service unit or at Nordea Finance Latvia office in Krisjana Valdemara Street 62, Riga
• With the chosen car dealer
• By sending filled application form to fax 67 228 352

Steps to a new car

• You choose the car
• You submit to Nordea above mentioned documents
• We revise the application in one working day and inform about the offer
• We prepare the leasing and purchase agreements, the invoice for the first payment and flat fee, and also delivery acceptance deed
• Leasing and purchase agreements are concluded
• The company pays the first payment and flat fee
• The vehicle is registered at Road Traffic Safety Directorate in the name of Nordea  Finance and KASKO insurance policies are prepared 
• Nordea Finance Latvia will help you to complete the lease object insurance policy and you will receive a special advantages. Here you can find your benefits and the list of insurance companies.
• The company representative goes to the dealer for the car, where the delivery acceptance deed is signed
• The company forwards the delivery acceptance deed to Nordea Finance
• The company receives installment invoices by mail every month