liisinguvõla

Liisinguvõla is a financial arrangement used in Estonia that combines elements of leasing and borrowing. The term literally translates to “leasing loan” and refers to a contract where a borrower obtains a loan to purchase an asset, typically heavy machinery, vehicles or equipment, and then leases that asset back to the company that purchased it. The borrower retains legal ownership of the asset while the lessor—often the lender—receives periodic lease payments that may include interest and a residual value payment at the end of the term.

In practice, the borrower’s obligation to repay is similar to a conventional loan, yet the lease structure allows for flexibility in accounting and tax treatment. Interest expenses are typically deductible, and the borrower may also depreciate the asset on its balance sheet. Because the asset is used as collateral, the lessor can repossess it if payments default, which lowers the risk for the lender.

Liisinguvõla is popular among small and medium-sized enterprises that require large capital expenditures without tying up significant working capital. The agreement is governed by Estonian contract law and is regulated under the Estonian Banking Act and the Payment Institutions Act, ensuring that lenders provide clear terms, disclosure of costs and comply with KYC rules. While the structure provides a tax‑efficient mechanism for asset acquisition, it also imposes a long‑term commitment and can lock a company into higher overall costs compared to outright purchase, especially if the residual value of the asset falls below market value.

Overall, liisinguvõla offers a hybrid solution that blends the benefits of financing and leasing, but it requires careful assessment of the contractual terms, cash‑flow implications and potential tax advantages.