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FAQ

May I purchase the vehicle earlier than provided for in the contract?

Yes, you may. In this case, you need to pay the amount equal to the residual value of the vehicle (the yet unpaid share of the total value of the asset that is specified in the contract), cover any additional costs incurred due to termination of the contract, and pay other amounts as provided for in the contract.

If you want to purchase property before a certain deadline, please inform us of this at least 30 days in advance by sending a request (http://www.nordea.lt/lt/pages/prasymu-formos) to lizingas@nordea.com or fax number (8 5) 236 1381. Our employees will inform you of the exact amount that you must pay.

May I terminate the operating lease contract prematurely?

You may terminate the operating lease contract prematurely only if you find a buyer who can purchase the leased assets from us and cover the residual value as of the moment of termination of the contract. Our employees will inform you about the residual value of the assets on receipt of your relevant request.

May I change the vehicle prior to expiry of the lease purchase contract?

Yes, you may. You must find a buyer for the vehicle which you use under the specific contract. In this case, we recommend contacting sellers of new or second-hand vehicles who can purchase your leased vehicle and sell you another vehicle.

What should I do, if at a given moment I am not able to pay fees for the vehicle (for instance, due to temporary financial difficulties)?

You should immediately call us at (8 5) 236 1327. We will look for a solution which satisfies both you and us. Here are some examples of the options available:

I have finalised a financial leasing contract with Nordea Finance Lithuania, under which the assets has not been purchased yet. May I sell the assets or assign the contract to a third party?

At the time of selling unpurchased assets, you at the same time, purchase it earlier than provided for in the contract and sell it. In this case, you must compensate Nordea Finance Lithuania the outstanding share of the value of the assets.

If you want to purchase the assets earlier than provided for in the contract, please inform us of this at least 30 days in advance by sending a fax (8 5) 236 1381 or by submitting an e-inquiry. We will inform you of the exact amount that you must pay (including any fees [costs] connected with obligations which were not fulfilled by the date of purchase and which are provided for in the contract).

At the moment of assigning the contract to another party, you also transfer the obligations and rights provided for in the contract. In this case, the buyer of the assets must satisfy the requirements set for leasing beneficiaries. A contract amendment fee is charged for the transfer of leasing-related obligations and rights.

May I pay fees for several months at one time?

Yes, you may. Please inform us of your intentions at least 30 days in advance by sending a fax to (8 5) 236 1381 or by submitting an e-inquiry. We will prepare a different payment schedule for you. In this case, the schedule amendment fee is charged: 1.5 percent of the residual value (minimum LTL 500).

What should I do on expiry of the financial lease contract (and having paid all payable fees)?

In the case of financial lease, on expiry of the contract (provided that you have paid all payable fees and fulfilled all the obligations stipulated in the contract), you become the owner of the leased assets, which is documented by the ownership transfer and acceptance deed.

What should I do if I have not received a VAT invoice?

You may pay according to your payment schedule.

In the case of changes in your address for correspondence, please send us a notice to fax number (8 ~ 5) 236 13 81 or to the e-mail address lizingas@nordea.com.

What if an amount payable under the direct debit service was not withdrawn?

The required amount was not withdrawn due to shortage of money in the account. The withdrawal under the direct debit scheme is repeated at the moment of the next payment according to the payment schedule.

What is the procedure for imposing a late charge?

If a lease instalment is not paid on the day specified in the payment schedule or invoice, a late charge as provided for in the agreement applies for each day of delay.

What is the procedure for paying lease instalments?

Lease instalments may be paid at a branch of the bank or online. Details of UAB Nordea Finance Lithuania:

UAB NORDEA FINANCE LITHUANIA
Company Reg. No.: 111667277
Address of registration and headquarters: Lvovo g. 25, LT-09320 Vilnius
VAT Reg. No.: LT116672716
Account No. LTL LT392140030000011749

If you would like to pay in euros, the account No. is EUR LT922140030000011765.

Please specify your lease agreement number in the payment details.

Why is my invoice different from the payment schedule?

This means that the variable annual interest rate has changed.

If your variable interest is expressed as a USD LIBOR or VALIBOR base interest rate, then the variable interest rate is adjusted twice a year—on 30 March and 30 September. If your variable interest rate is expressed as a EURIBOR interest rate, then the variable interest is adjusted twice a year—i.e. on 30 March and 30 September—if in the Special Provisions the Parties agreed on the application of a 6-month EURIBOR base interest rate, or four times a year—i.e. on 30 March, 30 June, 30 September, and 30 December—if in the Special Provisions the Parties agreed on the application of a 3-month EURIBOR base interest rate. The share of variable interest that was valid two banking days prior to the dates specified above applies. The variable interest is first set on the day the relevant agreement is signed.

When is the first lease instalment due? What are other payments payable?

The first lease payment is due on the date specified in your agreement. If no payment date is specified in your agreement, payments must be made according to the date when the property transfer and acceptance deed (the deed to use and manage the property) is signed—that is, if the property is transferred by the 15th date of the current month, then payments are due on the 16th day of each month, and if the property is transferred after the 15th day of the current month, then payments are due by the 1st day of the next month.
The interest that is specified in a separate invoice is due from the date the property is transferred until the start of the time period. The schedule does not reflect any interest payable prior to the start of the first time period.

What is the procedure for paying for insurance?

UAB Nordea Finance Lithuania issues a separate invoice for insurance according to the periodicity specified in your insurance policy (certificate).

My kasko insurance agreement has expired. What is the procedure for renewing it?

If your kasko insurance agreement expires, UAB Nordea Finance Lithuania presents you an offer to renew it. If you have already agreed on insurance conditions, please send your insurance policy to the e-mail address polisai@nordea.com or to fax number +370 5 2492425.

What should I do when an insured event occurs?

You must inform your insurer about a traffic accident for which you are responsible (or where it is unclear who is responsible) within 3 business days, and the injured party within the same time period must present his/her traffic accident declaration to the insurer that insured the guilty party.