Smooth and efficient work is often the result of a smart investment in your technical fleet. Whether it’s a new excavator for the construction site, a powerful harvester for the forest, or a specialised production equipment for the factory, high-quality equipment provides a competitive advantage and helps get the work done faster and more efficiently. However, purchasing expensive equipment and the risks involved raise questions: how to finance a major purchase, and what happens if something goes wrong with the machine?
This is where LHV machinery and equipment leasing and machinery insurance come in, helping you acquire your technical fleet and keep it running safely.
Step #1: find the right equipment
Machinery and equipment leasing can finance a very wide range of equipment. The most common assets acquired through leasing include construction and forestry machinery, agricultural equipment, loaders, forklifts, trucks, trailers, medical equipment, and various manufacturing and industrial equipment. It is important that the machine or equipment being purchased can be easily moved after installation and does not become part of another asset.
LHV offers leasing for both new and used machinery and equipment, provided that their purchase price is at least 15,000 euros and their age does not exceed 15 years by the end of the lease term. For new assets, we require a down payment of at least 10 %, and generally more for used and more specialised machinery. The lease term is usually 5 years, but it can be extended up to 7 years.
The process is simple: send us your lease request along with the sales offer for the assets to be purchased and your company’s latest financial statements. The most convenient way to do this is by filling in a lease application directly on our website. Once we have all the necessary information, we can often provide the initial lease conditions within just a few working days.
Step #2: ensure peace of mind
Heavy machinery often operates in challenging conditions, whether it’s a soft forest floor in spring, a dusty construction site, or a busy warehouse terminal. Machinery insurance isn’t just the contract to be filed away, but a real safeguard for your company’s finances and peace of mind.
LHV machinery insurance is designed specifically with the unique characteristics of heavy machinery in mind and offers comprehensive coverage exactly where it’s truly needed:
All-risk insurance
This means that all sudden and unforeseen events are covered. For example, if an excavator gets bogged down in soft soil and gets stuck, a tree falls on a loader, or some other unforeseen incident occurs, insurance helps cover the damage.
Internal failure
Often people think insurance only covers external accidents, but a large proportion of expensive repairs are related to internal breakdowns. Internal failure coverage is like extended warranty on the machine – if an engine unexpectedly fails or a hydraulic pump stops working, you won’t have to cover the repair costs out of your company’s pocket.
Downtime
When critical machinery breaks down, the damage isn’t limited to the repair bill. Work stops, schedules slip, and your company loses money every day. Downtime coverage compensates, for example, for lost profits due to the machinery being out of service, or covers the cost of renting replacement equipment while yours is being repaired.
Liability insurance
Even the most experienced operator can accidentally scrape another vehicle while maneuvering, damage the customer’s property, or accidentally dig through an underground cable. Liability insurance covers damages caused to third parties in such cases, which can often exceed the value of the machine itself.
Until the end of May, LHV offers you a machinery and equipment leasing contract for your company without contract fee. As part of the campaign, we are offering insurance at a 25% discount for many construction, forestry, logistics and agricultural machines. The lease campaign does not apply to passenger vehicles and vans. See the terms and conditions: https://www.lhv.ee/en/leasing and https://www.lhv.ee/en/machinery-insurance.
