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Car leasing

You know only too well that to stand still is to go backwards. Driving saves time. No matter whether you would like a passenger car, van or minibus – leasing is waiting for you.

Leasing is an option to obtain a transport vehicle to one’s liking. With Coop Liising, a passenger car, van or small bus may be purchased quickly and conveniently. We also offer leasing on flexible terms for both new and used vehicles.

Select a suitable vehicle and complete a leasing application online, at the branch or at the office of the seller of the asset. After your application has been submitted, we will provide you with a personal offer. If it is suitable, we will agree the further arrangements for a quick and convenient delivery of the vehicle.

Request detailed information from a leasing manager or by e-mailing to liising@cooppank.ee.

Anna Mineeva

Tallinn, Narva mnt 4

Kati Vait

Tallinn, Narva mnt 4

Ave Eiche

Tallinn, Narva mnt 4

Kaire Järvamägi

Tallinn, Narva mnt 4

Leasing calculator

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  1. Complete the application online, at our branch or while at the seller’s location.
     

  2. Submit the documents. You can upload a digitally certified (bdoc) account statement for the past 6 months and the sales offer for the property in the online application or send them to your client relationship manager at liising@cooppank.ee. A link to a sales advertisement may be also substituted for a sales offer.

  3. Offer. After your application has been submitted, we will provide you with a personal leasing and insurance offer.

  4. Conclude an agreement. If the offer suits you, we will agree the subsequent action for you to receive your new purchase as quickly and easily as possible. In the case of a purchase of used property, a valuation report from a collaboration partner of Coop Pank has to be submitted before an agreement is concluded. To be able to sign your agreement digitally, you have be identified by the bank first.

Further information

Open all
  Leasing Small leasing
Lease amount

from 5000 euros (including value-added tax)

up to 10 000 euros (including value-added tax)

Interest rate

the interest rate is personal and linked to the 6 months’ EURIBOR

from 8%
Vehicle age

not more than 16 years at the end of the leasing term

not more than 21 years at the end of the leasing term

Downpayment from 10% from 0%
Leasing term up tp 6 years up tp 6 years
Insurance

motor own damage insurance is mandatory the entire leasing term

Coop Pank’s insurance partners

motor own damage insurance is recommended for the entire leasing term

Coop Pank’s insurance partners

Agreement fee

1% of the acquisition cost, minimum of 180 euros

1.5% of the acquisition cost, minimum of 99 euros

 

  • citizen of the Republic of Estonia, or a person holding a permanent/fixed-term residence and work permit in Estonia, who is at least 21 years of age
  • income has to be proven, regular and capable of being checked
  • the monthly payment of the leasing sought, together with the other existing obligations, may account for up to 40% of the net income in total
  • leasing may be guaranteed by a spouse or life partner, in which case the earnings of both are taken into account

Documents required to apply for leasing

  • leasing application
  • certified full account statement (account statements) for the past 6 months (except for a Coop Pank account)
  • if needed, other documents proving earnings (tenancy agreements and the like)
  • in the case of a guarantee by a private individual, guarantor data form and a certified bank account statement for the past 6 months
  • vehicle sales quote (also a valuation report in the case of a used vehicle)

To purchase a transport vehicle, you may choose between operational leasing and financial leasing.

  • In the case of financial leasing, the cost of the vehicle plus interest are paid during the leasing term, with ownership of the vehicle acquired upon expiry of the leasing term.
  • In the case of operational leasing, use of a car is paid for. Operational leasing involves the car seller’s (that is, car dealer’s) obligation to buy back the vehicle at its residual value upon expiry of the leasing period. If desired, there is the option of also buying the car outright or extending the agreement on the terms and conditions of financial leasing.

Financing is provided by Coop Liising AS.

Review Coop Pank's price list.

Financial lease

The provisional annual percentage rate of charge is 3.80% on the following sample terms: price of asset inclusive of value-added tax € 14 814.82, loan term 5 years, number of repayments 60, downpayment 10%, agreement fee € 180, interest 6 months’ Euribor + margin 3.19% per annum (as at 30 January 2017, the 6 months’ Euribor is 0% per annum; Euribor may change every 6 months), leasing amount € 13 333.33, last payment 25% of the acquisition cost, total cost of credit € 16 144.75 and total of repayments € 14 483.27. The rate is calculated on the assumption that the principal and interest will be repaid in monthly annuity payments. When leasing is sought, additionally motor own damage insurance and motor TPL insurance have to be taken out. Leasing is provided by Coop Liising AS.

Operational lease

The provisional annual percentage rate of charge is 3.70% on the following sample terms: price of asset inclusive of value-added tax € 17 777.77, loan term 5 years, number of repayments 60, downpayment 10%, agreement fee € 180, interest 6 months’ Euribor + margin 3.19% per annum (as at 30 January 2017, the 6 months’ Euribor is 0% per annum; Euribor may change every 6 months), leasing amount € 13 333.33, last payment 25% of the acquisition cost, total cost of credit € 14 946.51 and total of repayments € 12 988.73. The rate is calculated on the assumption that the principal and interest will be repaid in monthly annuity payments. When leasing is sought, additionally motor own damage insurance and motor TPL insurance have to be taken out. Leasing is provided by Coop Liising AS.

A guarantee is a promise to fulfil a financial obligation of another person or company (borrower) instead of them. Provide a guarantee only for a person or company whom you know and trust.

Do not forget! A guarantee is your obligation to ensure the performance of the agreement being guaranteed.

Since you are assuming a financial obligation with a guarantee, it always makes sense to ask a specialist for advice.

Before you provide a guarantee

  • Consider carefully whether you would be able to meet your obligations
  • Assess your solvency carefully and provide a guarantee only in the amount you are able to pay (maximum rate of guarantor liability).
  • Review carefully the drafts of the guarantee agreement and the loan agreement.
  • Do not hesitate to contact a bank staff member to find answers to any questions that have come up.

When you are about to sign a guarantee agreement

  • Listen very carefully to the explanations of the bank staff member about both the loan agreement and the guarantee agreement.
  • Do not be hesitate to ask if anything remains unclear.
  • Check to make sure that your contact details (address, telephone number, e-mail address) in the guarantee agreement are correct.

Once a guarantee agreement has been signed

  • Be proactive and take an interest in how the performance of the loan agreement is proceeding. If the borrower does not reply to your questions, make sure to contact the bank.
  • Always communicate any changes in your contact details (address, telephone number or e-mail address). Only in this way you can be certain that the necessary information will reach you.
  • Carefully review any notices sent by the bank and make sure to collect any registered letters.

The borrower is unable to meet their obligations

  • The bank will contact you and provide you with an opportunity to fulfil the obligation.
  • Do not forget that you have assumed an obligation and have to fulfil the obligation instead of the borrower.
  • By paying the debt, you can avoid incurring further costs and litigation in court.
  • You are entitled to require the borrower to indemnify any amounts paid by you.

Guarantor data form