Leasing of industrial machinery and commercial vehicles

The leasing of industrial machinery and commercial vehicles is often a more successful financing solution than investment of company's own capital or bank credits due to the advantages related to the principles of accounting collateral, repayment schedule, etc. that are ensured by the leasing services:

• Possibilities of financial or operational leasing
• Financing without additional collateral
• Maintaining of liquidity
• Repayment schedule adjusted with the company’s cash flow (seasonal operation etc.)

We provide the companies with the necessary financing to optimize the operation for the following aims:

• Purchase of assets for expanding and modernizing the technical basis
• New or almost new technological machinery
• Special and commercial vehicles
• All types of special machinery, for example, loaders, construction, forestry and agriculture machinery
• Financing solutions for vendors of machinery or commercial vehicles

Terms

• The downpayment depends on the leasing period and asset
• The seller of the leasing object must be a legal entity
• Leasing period is from 6-84 month
• You can choose fixed or floating interest 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% from the financed amount +VAT (min LVL 85 + VAT)
• The application is reviewed within 1 working day

Documents for submission

• Filled application form
• Company's establishment documents: statutes, registration certificates
• Company's annual review for the previous two years, also review for the last quarter or half-year: profit and loss account, balance sheet, long term investments flow review
• Sellers offer with the detailed specification of the leasing object (manufacturer, type, model, additional equipment, price)
• Permissions and licenses if the company has business that has to be carried out according to the legislation of Latvia, requiring this kind of document.

Steps to the new machinery or commercial transport

• You choose necessary machinery or vehicle
• You submit to Nordea Finance Latvia above mentioned documents
• We revise the application in one to three working days 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
• You pay the downpayment and flat fee
• After receiving the machinery you sign delivery acceptance deed and send it to Nordea Finance Latvia
• 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 receives installment invoices by mail or electronically every month