Varad

All movable assets are suitable for leasing

There are 2 options for selecting assets:

• Find a suitable supplier if valid
• We help you find a suitable supplier

Leasing is available if the asset value is at least €2,500; there is no upper limit.
Since we are a regular major customer for suppliers, we can offer the best prices even for small quantities.

Leasing

The monthly payment is fixed for the entire lease period and includes insurance

The lease period can be up to 5 years, choose the period that suits you best 

• Deposit starting from: 0%
• Residual value: 1%

At the end of the period, it is possible to buy out the assets at their residual value

The whole process is fast and you don't even have to leave your desk to lease

We have developed a special contract for schools that does not assume binding financial commitments extending beyond the budgetary year

Schools can also apply for a full payment holiday for the summer months

Insurance

• Asset insurance is handled by Nord Varaliising (unless agreed otherwise)
• Insurance coverage is valid throughout the leasing period

Leasing agreements concluded in cooperation with Nord Varaliising include insurance with very favorable terms. All-risks insurance is suitable for property located in a building, and machinery insurance is suitable for mobile property (tractors, forklifts, forestry machinery, etc.).

Vehicle comprehensive and motor third-party liability insurance policies are typically concluded by the customer.

Our clients' satisfaction is important to us, which is why we want to offer good insurance coverage and a low deductible for all leased assets. We offer insurance in cooperation with the Gjensidige insurance company.

Cargo insurance

Cargo insurance covers all unexpected and unforeseen losses to the company's assets that occur during the insurance period. Except for events that are excluded in the insurance terms and conditions. For example, all-risk insurance excludes internal equipment failures, electronic failures, and damage caused by power outages or voltage fluctuations. Detailed information on insurance coverage and exclusions is provided in the general terms and conditions.

Deductible starting from €300.

The following insurance terms and conditions apply to valid agreements concluded by us (unless otherwise agreed with the client). We kindly ask all our clients to review the insurance terms and conditions and introduce them to the users of the leased property.

Commercial Property Insurance Terms and Conditions EK101-2019

General Insurance Conditions Ü101-2018_EST

1. In daily work organization, the fire safety requirements established in the Republic of Estonia must be followed.
2. The theft insurance cover is valid only if the insured item is located in a locked room or on a guarded territory.

Terms and conditions for furniture and wood industry enterprises

For companies engaged in wood processing or furniture manufacturing, as well as for dryers, the deductible is 10% of the value of the assets, but not less than 600€.

At the location of woodworking equipment, there must be a functional and switched-on automatic fire alarm system with an output to a 24-hour guarded location.

Contractors' Plant and Machinery Insurance (CPM)

Construction Plant and Equipment Insurance (CPM)  This includes self-propelled equipment whose insurance coverage also applies outside the building. CPM insurance covers damage to, destruction of, or loss of property caused by an unexpected and unforeseen event (natural forces, fire, collision, vandalism, theft from a guarded territory).

Customer deductible starting from 600€ (in case of total loss, 10% of the amount)

General Insurance Conditions Ü101-2018_EST

MSK101 2017 Gjensidige Machinery and Equipment Insurance Terms and Conditions EST

Damages incurred during the transport or relocation of machines within the Republic of Estonia (including street traffic)—therefore, a tractor may be driven, for example, from one field to another, and participation in road traffic is covered. Compulsory motor third-party liability insurance for participation in road traffic must be concluded by the client.

In case of partial damage to insured machines or equipment up to 5 years old, the damage is compensated without taking into account the depreciation of the machine or equipment only if the replacement value is used as the basis for determining the sum insured. If the market value of the machine or equipment was used as the basis for the sum insured at the time of concluding the contract, then in the event of an insured event, a part of the cost of new parts is compensated (taking into account the general technical depreciation of the damaged machine). In case of damage to machines older than 5 years, a part of the cost of new parts is compensated (taking into account the general technical amortization of the damaged machine). When using equivalent parts, 100% of the cost of the equivalent part is compensated.

Insurance claim

In the event of an insurance claim, we will assist you with the paperwork.

In the event of an insurance claim, please send a description of the incident as soon as possible to info@varaliising.ee

Additional values

Buying with a lease allows you to use the freed-up funds elsewhere.

With full-service leasing, you can combine different assets into a single contract

• Operating lease is not reflected in loan liabilities
• Unlike a loan, leasing does not require additional collateral.
• VAT payers can reclaim VAT on monthly payments

As part of the leasing agreements, we also offer project management services from asset procurement to installation, i.e., a turn-key solution

Project management is included with lease agreements when necessary, and we do not charge a separate fee for it.

Consulting – we deal with the daily acquisition of various assets and have a good overview of both quality and prices