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  1. Business customers
  2. Leasing for businesses

Leasing for businesses

Bring power to your business

Leasing Portal Lease calculator

For new and used objects

Repay within up to 10 years

Financing of up to 90%

Even if you are not yet a Citadele customer

Fast application processing

Can be combined with your monthly insurance payment

For cars

For commercial transport

For farmers

For industrial machinery and equipment
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Leasing portal

Check your applications, active agreements and apply for new leasing.

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Electric car at a great rate from 1.49 % + 3-mon. EURIBOR*

  • Financial or operating lease (car rental).
  • Interest rate from 1.49 % + 3-mon. EURIBOR.*
  • Down payment from 0 % when you choose an operating lease.
  • Leasing term up to 84 months.
  • Special CASCO offers in collaboration with CL Insurance Broker.
  • State support for purchasing electric cars up to 9000 EUR and the possibility of receiving a bonus for scrapping an internal combustion engine car. More detailed information is available here.
Apply Electric car offers

* When you take out an operating lease with a down payment of less than 10%, the interest rate is from 1.99% + 3-mon. EURIBOR. A finance lease example: by purchasing a vehicle for 15 000 EUR, the down payment is 1500 EUR (10% of the purchase price) and a financing amount is 13 500 EUR. The interest rate is 1.49% + 3 months EURIBOR per year, the APR (Annual Percentage Rate) is 5.476%. The commission fee for processing the agreement is 225.00 EUR. The monthly leasing payment over a 72 month lease period is 216.55 EUR. The total sum to be paid (excluding down payment) - 15 816.99 EUR. When calculating the APR, it is assumed that the initial interest rate is maintained for the entire leasing (financing repayment) period and there are no late payments.

Leasing calculator

The interest rate consists of fixed interest rate determined by Citadele Leasing and 3- or 6-month variable EURIBOR interest rate. For each transaction, the interest rate is calculated individually, taking into account the cooperation relationships between the client and the Citadele, leasing asset criteria, down payment, etc.
0 EUR
Payment schedule icon
The calculator is just for your information and each customer's situation is evaluated individually.
Apply

The interest rate consists of fixed interest rate determined by Citadele Leasing and 3- or 6-month variable EURIBOR interest rate. For each transaction, the interest rate is calculated individually, taking into account the cooperation relationships between the client and the Citadele, leasing asset criteria, down payment, etc.
0 EUR
Payment schedule icon
The calculator is just for your information and each customer's situation is evaluated individually.
Apply

Car leasing

  • Financing of up to 90% of the car value.
  • Financing from 5000 EUR with a repayment term of up to seven years.
  • For the purchase of new and used cars, no older than 15 years at the end of the lease.
  • Special CASKO and OCTA offers in collaboration with CL Insurance Broker.
  • CASKO payment can be included in the monthly leasing invoice.
Apply Lease Calculator

Specialists

Commercial transport leasing

  • Financial or operating lease.
  • Financing of up to 90% of the value of the object.
  • Repay within six years.
  • For vehicles no older than 10 years by the end of the lease.
  • Personalised leasing insurance offer.
  • Fixed or variable interest rate.
Apply Lease Calculator

Specialists

Leasing or loan for agriculture

  • For new and used objects.
  • Financing of up to 90% of the value of the object.
  • A loan of up to 100% if EU funding is used for the purchase of new machinery, in accordance with Rural Support Service requirements.
  • Contract term of up to 10 years.
  • Flexible repayment schedule - you can even make payments on the principal just once per year.
  • Fixed or variable interest rate.
  • Financing for agricultural equipment which is no older than 18 years at the end of the lease.
  • Flexible specialised equipment insurance offers.
Apply Lease Calculator

Specialists

Industrial technology and equipment leasing

  • For new and used objects.
  • Financing of up to 90% of the object price.
  • Lease term of up to seven years.
  • Fixed or variable interest rate.
  • Personalised insurance offer.
  • Financing for technology and equipment (including non-registrable ones) no older than 15 years.
Apply Lease Calculator

Specialists

For sale

All vehicles

Need help?

Get instant answers to your questions 24/7 from our website help tool: our virtual financial consultant, Adele.

What is the difference between operational leasing and financial leasing?

Financial leasing is a type of leasing during which the customer covers the entire value of the car with monthly payments, after which it becomes the owner of the car. During the leasing period, the customer fully covers the value of the car, as well as pays the calculated interest. Upon making the last monthly payment, the customer has paid for the leasing service to Citadele Leasing. The leasing company makes an electronic mark in the e-system of the Road Traffic Safety Directorate with regard to the transfer of ownership from the leasing company to the holder or customer. After making the mark, the customer is obliged to take possession of the car within 5 days, replacing the car’s technical passport.

Operational leasing is a long-term rent. During the leasing period, the customer pays the lease, which is formed as the difference between the purchase value of the car and the determined residual value. During the term of the agreement, the customer pays only a part of the price of the car, paying its depreciation or amortization value. In case of operational leasing, the car does not automatically become the property of the customer after the end of the leasing period. At the end of the agreement period, the customer can buy out the car for its residual value, transfer the buy-out right to a third party or return it to the seller (dealer).

Can I drive outside of Latvia in a leased vehicle?

A car purchased with a lease can leave the Republic of Latvia.
To drive into the territory of any EU country (including the Baltics), you do not need an authorisation document from the leasing company.
You need authorisation to drive into CIS countries.
The fee for issuing a power of attorney is in the Price List. The document is free for those whose CASCO provider is CL Insurance Broker.

Terms for receiving the power pf attorney:

You must submit a valid CASCO policy which includes the countries whose borders you plan on crossing. If these countries are not included in your CASCO coverage, you must take out an additional CASCO policy to include the necessary countries for the relevant period of time. 

  • If your technical passport includes our old name — SIA “Unicredit Leasing” or SIA “Citadele līzings un faktorings” — then this must be changed to our current name. We will cover the CSDD costs for changing your technical passport. This applies only to CIS countries. You do not need to change the passport for driving to EU countries.
  • You may not have any missed leasing payments. 
  • You must submit a completed and signed Application form (LV).

Send the form and attachments to lizings@citadele.lv, and the document will be prepared within two business days. 

WARNING!
Bearing in mind the unstable situation in Ukraine and the possible threats of warfare, we will not be issuing power of attorney for driving to Russia, Belarus or Ukraine, even if these countries are included in your insurance coverage. Applies indefinitely.

How does a car lease differ from a car loan?

Car leasing is a loan for the purchase of a car with the vehicle as collateral. When you purchase a car using leasing, the leasing company becomes the owner, and the buyer is registered as the car’s user. Only after all leasing obligations have been fulfilled will the car’s ownership rights be re-registered from the leasing company to the customer.

In turn, a car loan is a loan for the purchase of a car which becomes the property of the purchaser as soon as the purchase has been made. In most cases, interest is higher for car loans than for leasing, and most car loans have purchase price limit.

What do I do if I want to change the license plate of a leased car?

To change the license plate of a leased car, you do not need any documents or permission from the leasing company. To change the license plate, you must contact CSDD. Once the plates have been changed, please notify your CASCO and OCTA companies as well as your leasing company. You can send this information to lizings@citadele.lv.

Does a car in leasing need CASCO insurance?

The object of leasing must be insured with CASCO insurance for the entire period of the lease, the beneficiary must be Citadele Leasing. The client must provide a copy of the valid CASCO insurance, if CASCO has not been concluded through Citadele Leasing.

If you don't have a CASKO policy yet, contact CL Insurance Broker!

What is financed by Citadele Leasing?

Citadele Leasing finances purchase of cars, motor vehicles, commercial vehicles, various types of machinery and equipment. The leasing object can be new or second hand.

How will I receive my monthly invoices, and what is the monthly payment date?

If you are a Citadele Leasing customer, your monthly payment deadline is the last day of the month (regardless of whether this falls on a weekday or weekend), meanwhile, if your agreement is with Citadele Factoring, the payment date is the 15th or 30th of the month, depending on which date you chose when signing the agreement.

To apply to receive your invoices electronically, you must fill in, sign and submit an Application for Contact by Email (LV) (in Latvian).

If you are a Citadele Leasing customer, the easiest way of paying your monthly invoices as a private individual is to pay through the Leasing Portal for free.

Which insurance companies’ CASCO policies are accepted?

Citadele’s confirmed insurance companies for leasing are:

  • AAS Balta
  • AAS BTA Baltic Insurance Company
  • AAS Baltijas Apdrošināšanas Nams
  • Balcia Insurance SE
  • ERGO Insurance SE, Latvian branch
  • IF P&C Insurance AS, Latvian branch
  • ADB Gjensidige, Latvian branch
  • Compensa Vienna Insurance Group ADB, Latvian branch
  • or any other company, individually  confirmed with SIA “Citadele Factoring” or SIA “Citadele Leasing”.

Can I make a payment to cover part of the principal amount of the lease?

Yes, you can make a payment covering part of the principal amount of the lease, thus reducing your monthly payment amount going forward. To do this, you must fill in an Application for an Additional Invoice (LV) (in Latvian), sign it, and send it to lizings@citadele.lv. After receiving this, Citadele Leasing will issue an additional invoice for the amount stated in your application, and will prepare a new payment schedule and send it to you.

What costs do I have to take into account when concluding a leasing agreement?

Initial costs that you have to take into account when concluding a leasing transaction: down payment or participation, commission fee for drawing up transaction documents, car appraisal (if a used car is purchased), car registration with the Road Traffic Safety Directorate, CASCO and OCTA insurance. In the following period, - monthly leasing payments, insurance, fuel and car maintenance costs.

More questions
What is the difference between operational leasing and financial leasing?

Financial leasing is a type of leasing during which the customer covers the entire value of the car with monthly payments, after which it becomes the owner of the car. During the leasing period, the customer fully covers the value of the car, as well as pays the calculated interest. Upon making the last monthly payment, the customer has paid for the leasing service to Citadele Leasing. The leasing company makes an electronic mark in the e-system of the Road Traffic Safety Directorate with regard to the transfer of ownership from the leasing company to the holder or customer. After making the mark, the customer is obliged to take possession of the car within 5 days, replacing the car’s technical passport.

Operational leasing is a long-term rent. During the leasing period, the customer pays the lease, which is formed as the difference between the purchase value of the car and the determined residual value. During the term of the agreement, the customer pays only a part of the price of the car, paying its depreciation or amortization value. In case of operational leasing, the car does not automatically become the property of the customer after the end of the leasing period. At the end of the agreement period, the customer can buy out the car for its residual value, transfer the buy-out right to a third party or return it to the seller (dealer).

Can I drive outside of Latvia in a leased vehicle?

A car purchased with a lease can leave the Republic of Latvia.
To drive into the territory of any EU country (including the Baltics), you do not need an authorisation document from the leasing company.
You need authorisation to drive into CIS countries.
The fee for issuing a power of attorney is in the Price List. The document is free for those whose CASCO provider is CL Insurance Broker.

Terms for receiving the power pf attorney:

You must submit a valid CASCO policy which includes the countries whose borders you plan on crossing. If these countries are not included in your CASCO coverage, you must take out an additional CASCO policy to include the necessary countries for the relevant period of time. 

  • If your technical passport includes our old name — SIA “Unicredit Leasing” or SIA “Citadele līzings un faktorings” — then this must be changed to our current name. We will cover the CSDD costs for changing your technical passport. This applies only to CIS countries. You do not need to change the passport for driving to EU countries.
  • You may not have any missed leasing payments. 
  • You must submit a completed and signed Application form (LV).

Send the form and attachments to lizings@citadele.lv, and the document will be prepared within two business days. 

WARNING!
Bearing in mind the unstable situation in Ukraine and the possible threats of warfare, we will not be issuing power of attorney for driving to Russia, Belarus or Ukraine, even if these countries are included in your insurance coverage. Applies indefinitely.

How does a car lease differ from a car loan?

Car leasing is a loan for the purchase of a car with the vehicle as collateral. When you purchase a car using leasing, the leasing company becomes the owner, and the buyer is registered as the car’s user. Only after all leasing obligations have been fulfilled will the car’s ownership rights be re-registered from the leasing company to the customer.

In turn, a car loan is a loan for the purchase of a car which becomes the property of the purchaser as soon as the purchase has been made. In most cases, interest is higher for car loans than for leasing, and most car loans have purchase price limit.

What do I do if I want to change the license plate of a leased car?

To change the license plate of a leased car, you do not need any documents or permission from the leasing company. To change the license plate, you must contact CSDD. Once the plates have been changed, please notify your CASCO and OCTA companies as well as your leasing company. You can send this information to lizings@citadele.lv.

Does a car in leasing need CASCO insurance?

The object of leasing must be insured with CASCO insurance for the entire period of the lease, the beneficiary must be Citadele Leasing. The client must provide a copy of the valid CASCO insurance, if CASCO has not been concluded through Citadele Leasing.

If you don't have a CASKO policy yet, contact CL Insurance Broker!

What is financed by Citadele Leasing?

Citadele Leasing finances purchase of cars, motor vehicles, commercial vehicles, various types of machinery and equipment. The leasing object can be new or second hand.

How will I receive my monthly invoices, and what is the monthly payment date?

If you are a Citadele Leasing customer, your monthly payment deadline is the last day of the month (regardless of whether this falls on a weekday or weekend), meanwhile, if your agreement is with Citadele Factoring, the payment date is the 15th or 30th of the month, depending on which date you chose when signing the agreement.

To apply to receive your invoices electronically, you must fill in, sign and submit an Application for Contact by Email (LV) (in Latvian).

If you are a Citadele Leasing customer, the easiest way of paying your monthly invoices as a private individual is to pay through the Leasing Portal for free.

Which insurance companies’ CASCO policies are accepted?

Citadele’s confirmed insurance companies for leasing are:

  • AAS Balta
  • AAS BTA Baltic Insurance Company
  • AAS Baltijas Apdrošināšanas Nams
  • Balcia Insurance SE
  • ERGO Insurance SE, Latvian branch
  • IF P&C Insurance AS, Latvian branch
  • ADB Gjensidige, Latvian branch
  • Compensa Vienna Insurance Group ADB, Latvian branch
  • or any other company, individually  confirmed with SIA “Citadele Factoring” or SIA “Citadele Leasing”.

Can I make a payment to cover part of the principal amount of the lease?

Yes, you can make a payment covering part of the principal amount of the lease, thus reducing your monthly payment amount going forward. To do this, you must fill in an Application for an Additional Invoice (LV) (in Latvian), sign it, and send it to lizings@citadele.lv. After receiving this, Citadele Leasing will issue an additional invoice for the amount stated in your application, and will prepare a new payment schedule and send it to you.

What costs do I have to take into account when concluding a leasing agreement?

Initial costs that you have to take into account when concluding a leasing transaction: down payment or participation, commission fee for drawing up transaction documents, car appraisal (if a used car is purchased), car registration with the Road Traffic Safety Directorate, CASCO and OCTA insurance. In the following period, - monthly leasing payments, insurance, fuel and car maintenance costs.

Leasing/loan

Service Fee1
Review of application free of charge
Preparation of leasing/rental/loan transaction documents 1.50% - 1.85%2 from purchase price, but not less than 190 EUR3
Early fulfillment of contractual obligations and/or refinancing of liabilities in another financial institution as agreed, but not less than 190 EUR4
Renewal of agreement on client’s initiative5 90 EUR

1 The price is indicated with VAT.

2 Depending on the type of transaction.

3 If transaction documents are signed in paper format, an additional EUR 50 will be applied.

4 Unless otherwise is stipulated in the concluded contract.

5 If the process of alienation of the lease/rental/pledge object has not been initiated.

Amendments to the agreement

Service Fee1
Preparation of amendments to the agreement, payment schedule and other documents 190 EUR
Cancellation of documents and amendments to the agreement, prepared on the basis of the client's application 35 EUR

1 The price is indicated with VAT.

Other Services

Service Fee1
Preparation of sublease agreement 120 EUR
Preparation of agreements and other documents based on client's application 190 EUR
Preparation of a statement on the absence of debts 25 EUR
Preparation of statement required for submission to the Rural Support Service at the request of the client 25 EUR
Preparation of all types of statements, consents, certificates, reports and other documents at the client's request 45 EUR
Preparation of statements, powers of attorney and other documents requested by the client in an expedited manner 75 EUR
Production of a copy, duplicate, transcript, extract upon client’s request and resending the electronically signed document at the client's request 25 EUR
Verification of power of attorney 15 EUR
Preparation of a power of attorney (including the preparation of a trade transfer permit) 25 EUR
Preparation of documents in a foreign language upon client’s request as agreed
Final invoicing to a third party 95 EUR
Sending documents by post 25 EUR + actual costs
Inspection of lease/rental/pledge object before the conclusion of the transaction2 at the client's/cooperation partners place or at AS "Citadele banka" branch3 and inspection of the object of lease/rental/pledge object during the term of the contract 50 EUR + actual costs
Preparation of debt repayment agreement 50 EUR
Cancellation of the requested final invoice (if the final invoice has not been paid in full within the specified deadline) 35 EUR
Invoicing to the client for any payments made in place of the leasing company's client (including penalties) 25 EUR
Marking of marks in the Road Traffic Safety Directorate/State Technical Supervision Agency registry up to 15 EUR
In-depth research of the client's owners of the shares, members or shareholders and true beneficiaries, as well as research of all the persons involved throughout the ownership chain 300 EUR
Administration of OCTA insurance4 3 EUR monthly

1 The price is indicated with VAT.

2 The commission fee for the inspection of the lease/rental/pledge object is applied regardless of whether the financing is granted and the transaction is completed. The inspection report is intended for internal use only and is not issued to the client. It is necessary to agree on the inspection possibilities in advance with the representative of the leasing company.

3 For the lease/rental/pledge object with purchase price up to EUR 100 000.

4 Not applicable for Citadele Factoring leasing services.

See full price list

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