Lease of commercial vehicles

Lease of commercial vehicles is an opportunity to purchase vehicles intended for commercial activities (cargo trucks, trailers, tow cars, buses etc.)

If finance lease is the option you choose ,your monthly payments will cover the value of the selected commercial vehicle and at the end of the lease term you will become the owner of the vehicle.

If operating lease is the option you choose, your monthly lease payments will cover the depreciation of the selected commercial vehicle. At the end of the lease term you will have the right to extend the lease agreement or purchase this vehicle at a price specified earlier or return it to the seller.

General terms of lease of commercial vehicles:

financing is provided for the purchase of new and second hand commercial vehicles
the lease is provided for up to 7 years;
the first instalment begins at 10% of the value of the commercial vehicle;
the commercial vehicle must not be older than 12 years at the end of the lease term;
floating interest rate, available currencies are LVL, EUR;
the commission fee on the lease is up to 1.5% of the value of the commercial vehicle (documents are accepted and reviewed free of charge).

Documents you need to make a lease transaction:

For legal entities:

application
copy of the official representative’s passport
copy of the registration certificate
copy of the Statutes
annual report for the preceding year (including Auditor’s Report)
balance sheet and profit and loss statement for the latest quarter