Financial leasing

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.

E-invoicing

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.

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.   

Lease payments and taxation

Your company can deduct the entire lease payment as expense in taxation. VAT is deducted from each lease payment.

Are you taking your vehicle out of the country?

Remember to order the export licence about two weeks before leaving for abroad. We also recommend contacting your insurance company well in advance to make sure that your car insurance covers travelling abroad.

When taking your vehicle to abroad or to Åland, you must bring with you the technical part of the registration certificate which you can order directly from Traficom’s e-Service or a vehicle inspection facility.

Permission to take a vehicle abroad can be granted for:

• Travelling in Europe (subject to the restrictions below)
• The duration of the trip (maximum 6 months)
• Permission to take a vehicle abroad is not granted for trips outside Europe.

You are entitled to get permission if:

• The lease payments under your finance agreement are up to date
• You have valid motor liability insurance and comprehensive motor vehicle insurance policies
• Your insurance premium payments are up to date

• Your insurance covers damage to the vehicle for which permission is requested and damage to the vehicle of the other party involved in your destination.

If your destination is Russia, Belarus, Ukraine, Moldova, Kosovo or Turkey, please contact our Customer Service. In addition, your insurance company must provide us with a written confirmation of the validity of your comprehensive motor vehicle insurance if your insurance policy or the theft insurance included in your comprehensive insurance is not automatically valid in these countries.

Finnish motor liability insurance policies are valid in Russia after it joined the Green Card system in 2009. However, with motor liability insurance, the payout is usually low in Russia despite the Green Card system, as compensation for damage is paid out in accordance with the local laws. In order to ensure sufficient insurance cover, we may also require taking out a voluntary motor liability insurance policy.

For further information about the Green Card needed for travelling abroad, the Nordic countries excluded, please contact your insurance company or visit Insurance Centre’s website at www.vakes.fi Green Card is an international certificate of valid motor liability insurance. You can order it for free from your insurance company.

Order permission to take your vehicle abroad here. Permission to take your vehicle abroad is subject to a fee set in our tariff. Please note that if such permission is ordered and needed within the same day, you will be charged an express delivery fee set in our tariff.

Trading in and selling your car

You are allowed to sell your lease 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 certificate will be sent to the new owner after the purchase price has been paid to Nordea Finance in full.

Changes to your vehicle registration

Adding another holder to the registration certificate of the vehicle

You can register another holder for your vehicle if it is used for car sharing, for example. The co-holder is not required to have any contractual relationship with Nordea Finance. If you want to add another holder for your vehicle, please contact our Customer Service. Adding a holder is subject to a fee set in our tariff and a fee set in Traficom’s tariff.

Register your car as off the road

A lease car can be taken off the road if your insurance company covers any damage which may occur during the time the car is registered as off the road. Contact your insurance company to check if your insurance policy covers the lease car during the time it is registered as off the road.

You can make an off-the-road notification by contacting our Customer Service. Making an off-the-road notification is subject to a fee set in our tariff and a fee set in Traficom’s currently valid tariff.

You are not allowed to drive a car that has been declared off the road until it has been registered as on the road again.

If you wish, you can also make this change in Traficom’s e-Services.

Declare your car on the road

When you want to declare your vehicle back on the road, please contact our Customer Service well in advance. Declaring your car on the road is subject to a fee set in our tariff and a fee set in Traficom’s currently valid tariff. We also recommend notifying your insurance company when your car is in use again.

If you wish, you can also make this change in Traficom’s e-Services.

Change of insurance company

If you want to switch to another insurance company, fill in an insurance application in the insurance company of your choice and ask them to contact our Customer Service. The insurance company will provide us with the necessary information and we will handle the change of your insurance company directly.

Change of insurance company is subject to a fee set in our currently valid tariff and a fee set in Traficom’s tariff

Change of address

Inform our Customer Service of any changes to your address and contact details by phone.

Inspection of your lease car

Your lease car is required to have its first inspection when it is three years old. This must be done no later than on the same date as the first registration date and no earlier than four months before this date.

Nordea Finance does not cover the cost of inspections of lease cars. In accordance with the terms and conditions of the lease agreement, the lessee is liable to pay these costs.

Expiry of the financial lease agreement and returning of the car

About four months before your financial lease agreement ends, we will send you a confirmation of the expiry of the agreement and an offer form. You have the right to find a new buyer for the car and benefit from any lease payment refunds. You cannot buy the car yourself; the buyer must be a company or a person not closely associated with you.

The buyer has to offer to buy the car at a fair market price. Their offer must specify the car and include the purchase price. Both you as the current holder of the car and the new buyer must sign the offer to approve it. The offer is then sent to us 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.

Excess kilometre charge

If you have gone over the kilometre allowance agreed on your lease, the lessor has the right to charge you any excess kilometres after the expiry of your agreement period or if your lease agreement is terminated during the lease agreement period.

Lease extension

If you have been offered a lease extension and you have accepted the offer, your agreement period is extended by one year. If you wish to extend your agreement, please contact our Customer Service.

Insurance

Don’t worry – accidents happen. File a claim to your insurance company and notify us of the incident. Send the claim signed by the lessee and the driver to your insurance company. If the incident has been reported to the police, please append the police report to your claim or send it to the insurance company separately as soon as possible.

Any damage to your car must be fixed at an authorised repair shop. Before repairing the car, the repair shop must get invoicing permission from the insurance company. The policyholder is liable for the insurance deductible.

If your lease agreement includes an A1 insurance policy provided by the insurance company If, you can file your claim online at www.if.fi/nordearahoitus.

Change of insurance company

If you want to switch your insurance company, fill in an insurance application in the insurance company of your choice and ask them to provide us with the details of your new insurance.

If switching your insurance company requires changes to your vehicle registration, ask the insurance company to send us a change request and your insurance certificate.

This change is subject to a fee charged by Traficom and a transaction fee set in our currently valid tariff.

Redemption

If you wish to buy the car, a representative of your insurance company must contact Nordea Finance Customer Service.

Finance Leasing Tariff, Corporate Customers

Valid from 1st of January 2023

Finance Leasing Tariff for Corporate Customers

An arrangement fee of 0.5% on the agreement capital, domestic / import leasing, min.	300 / 600 €
Bank guarantee, domestic / foreign	175 / 350 €
Personal or corporate guarantee, per guarantee	90 €
Other security (e.g. pledge)	175 €
Documentary credit or forward trade	850 €
Advance payment agreement (creation of the agreement and the first payment) following payments	175 € 90 €
Extension of the preliminary status, per lease agreement	175 €
Fee for aggregate invoicing, 1–2 agreements 3-10 agreements  more than 10 agreements	9 € 18 € 30 €
Adding an agreement to an aggregate invoice or change of due date	50 €
Invoicing fee of sales invoice	9 €
Copy of receipts or agreements, written confirmation or ordered reports	30 €
Liabilities statement	in accordance with the bank’s tariff
IFRS reports	100 €
Export registration urgent/same-day processing	50 € 75 €
Driving instruction permit	30 €
Investigations / alterations agreed on separately; hourly rate, minimum fee 100 €	100 € / h
Partial redemption of assets under the agreement / object	100 €
Rescission of the agreement	175 €
Registration / changes (registration costs subject to Traficom’s currently valid tariff are added to the price)	30 €
Change to repayment plan	200 €
Assignment of an agreement, merger	300 €
Extention of agreement	200 €
Cancellation of termination of agreement	175 €
Agreement on repayment period for lease payment	15 €
Reminder letter / call (no VAT added)	12 €
Draft (no VAT added)	42 €
Protesting a draft (no VAT added)	58 €

Valid VAT is added to the prices. This prices can vary based on the terms of the contract. In addition, any external costs that are caused for Nordea Finance from the procedures will be charged. When determining the fees for applying changes to a collection and payment plan, we always follow the valid debt collection legislation.

Forms and usefull links

Luovutuskirja (Trafin luovutuskirja)Opens new window

Leasing ostotarjouslomakeOpens new window

Liikenteen turvallisuusvirasto Traficom.fiOpens new window

Vakuutuskeskus Vakes.fiOpens new window

MaastavientilupaOpens new window

Palautus-, tarkastus- ja tarjouslomakeOpens new window