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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 %*

  • Financial or operating lease (car rental).
  • Interest rate from 1.49 %.*
  • 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 the purchase of an electric vehicle: 4500 EUR (for electric cars up to 72 600 EUR (incl. VAT) in the base set).

* When you take out an operating lease with a down payment of less than 10 %, the interest rate is from 1.99 %.

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.

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.

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
Car leasing

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
Commercial transport leasing

Specialists

Leasing or leasing loans 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
Leasing or leasing loans for agriculture

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
Industrial technology and equipment leasing

For sale

All vehicles

Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
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).

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.

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.

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!

How long does it take to find out if I can get leasing?

Citadele Leasing provides an answer on financing opportunities within 1-2 business days after receiving all documents necessary for the evaluation of the transaction. If you are a natural person, we recommend that you find out your personal leasing limit by logging in and filling in the application at citadeleleasing.lv.

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.

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
  • 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”.

What should I do if an accident happens?

If a road traffic accident occurs, you must: 

  1. notify the State Police or fill in a Mutual Report*,
  2. fill an incident report with your insurance company without delay,
  3. the insurance company will evaluate any damage to your car, determine the amount of losses incurred, confirm a repair quote or pay out compensation.

* A Mutual Report can be filed if just two vehicles are involved in the accident, if the drivers of both vehicles can agree on the circumstances of the accident, if no person has been injured, if no damage has occurred to a third person’s property, and if no damage was done to the vehicles which would make them unable or illegal to drive.

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.

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).

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.

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.

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!

How long does it take to find out if I can get leasing?

Citadele Leasing provides an answer on financing opportunities within 1-2 business days after receiving all documents necessary for the evaluation of the transaction. If you are a natural person, we recommend that you find out your personal leasing limit by logging in and filling in the application at citadeleleasing.lv.

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.

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
  • 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”.

What should I do if an accident happens?

If a road traffic accident occurs, you must: 

  1. notify the State Police or fill in a Mutual Report*,
  2. fill an incident report with your insurance company without delay,
  3. the insurance company will evaluate any damage to your car, determine the amount of losses incurred, confirm a repair quote or pay out compensation.

* A Mutual Report can be filed if just two vehicles are involved in the accident, if the drivers of both vehicles can agree on the circumstances of the accident, if no person has been injured, if no damage has occurred to a third person’s property, and if no damage was done to the vehicles which would make them unable or illegal to drive.

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.

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