Amendments to the agreement and invoicing
Invoicing of lease payments
Lease payments are invoiced in advance. The invoice is issued every month or every three months and delivered by post. Your lease payments are fixed.
Your company has the option of receiving e-invoices. If you would like to get e-invoices instead of paper invoices, contact our Customer Service and tell them your company’s e-invoicing address and operator ID.
Termination of your lease agreement
You are allowed to sell the car during the agreement period. To do this, you must find a new buyer who is offering to buy the car at a fair market price. Their offer must specify the car and include the purchase price. Both you as the holder of the car and the new buyer must sign the offer to approve it.
The offer must be sent to our Customer Service for approval. If the offer is approved, we will send a counter-offer to the buyer. If the purchase price exceeds Nordea Finance’s receivable, you are entitled to a refund to cover the difference. If the purchase price is lower than Nordea Finance’s receivable, the difference is charged to you.
The notification part of the registration certificate will be sent to the new owner after the purchase price has been paid to Nordea Finance in full.
You can also transfer the agreement to another company or person. See “Transfer of the agreement”.
Agreeing on a repayment period
If you would like to agree on a repayment period, please contact our Customer Service by phone or send us customer mail via Nordea’s Netbank. Due to bank secrecy, we cannot handle credit-related matters via email.
Change of due date
If you want to change the due date of your monthly payments under your lease agreement, please contact our Customer Service. Changing the due date of an invoice is subject to a fee set in our tariff.
Transfer of the agreement to another company or person
We can transfer your lease agreement to another company or person. As the holder of the vehicle, you are liable to find a new borrower or lessee. Transferring your agreement requires that the new borrower or lessee has been granted a favourable credit decision by Nordea Finance. The new holder undertakes to pay off the outstanding debt or make the outstanding lease payments in accordance with the terms and conditions of the lease agreement.
Upon transferring your agreement, the lease payments must be up to date. If a comprehensive Liikennekasko insurance policy has been linked to the agreement, it cannot be transferred to another holder together with the agreement. Hence the new lessee must take out a new insurance policy for the vehicle. Please note that it takes 2–4 weeks to transfer the agreement.
Follow the steps below:
- Open the application for transfer under the Forms tab
- Fill in all fields carefully.
- Print out the application.
- Sign the application and send it to us together with a copy of the new borrower’s driving licence by email or post.
- Send the application by email to: A1firstname.lastname@example.org
- Send the application by post to: Nordea Finance Finland Ltd, Credit team/Car finance/VU5193, FI-00020 NORDEA
Please note that the person signing the agreement on behalf of the company must be registered as authorised to sign on behalf of the company in the Trade Register maintained by the Finnish Patent and Registration Office. Transfer of the agreement is subject to the fees and costs set in our tariff.
Lease payments and taxation
Your company can deduct the entire lease payment as expense in taxation. VAT is deducted from each lease payment.