Types of leasing

Citadele līzings will listen to you and offer the most appropriate type of your financing

Financial leasing

Financial leasing would be appropriate, if you would like to purchase a vehicle by means of paying in instalments over a certain period of time until the end of the leasing period. You can start using the vehicle immediately after conclusion of the leasing transaction and making the first instalment. After making the final lease payment, the vehicle will be re-registered in your name and will become your property.

Advantages:

  • Possibility to choose the currency –EUR or USD.
  • You can start using the vehicle immediately after signature to the contract and making the first instalment.
  • At the end of the leasing period, if the leasing payments have been made in accordance with the signed contract, the vehicle will become your property.

 

Reverse leasing

The lessee and the seller is the same person – SIA “Citadele līzings un faktorings” purchases and leases you back your vehicle, but you continue to use it, getting additional money. During the lease period you pay monthly payments and at the end of the lease period the vehicle will be re-registered in your name.

Advantages:

  • Possibility to choose the leasing currency –EUR or USD.
  • Possibility to obtain additional financial resources, if you own unencumbered vehicle.
  • Reverse leasing provide for you a possibility to get additional financial resources, at the same time keeping the right to use the vehicle.

Operational leasing

This type of leasing is appropriate, if you prefer to hire the vehicle up to a specific date, rather than to acquire it.
SIA “Citadele līzings un faktorings” will acquire your selected vehicle instead of you, while you will make monthly lease payments during the period of using the vehicle. At the end of the lease term, you will be able to redeem the vehicle or to return it to Citadele leasing in the technical state corresponding to the natural depreciation not thinking of its sale. The vehicle redemption conditions will be determined before signing of the leasing contract.

Advantages:

  • Possibility to choose the leasing currency –EUR or USD.
  • Lower monthly payments than in the case of financial leasing.
  • Possibility to redeem the vehicle at the end of the lease term.
  • If you would like to use the vehicle for a longer time period, you shall have a possibility to re-issue the transaction regarding financial leasing.

Citadele cautions - when purchasing the vehicle, please remember that additional costs are associated with it: Motor Third Party Liability Compulsory Insurance, Comprehensive Car Insurance Coverage (if specified in the leasing contract), registration with the Road Traffic Safety Directorate, technical inspection, fuel costs, maintenance costs, etc.

To learn more about the possibility to receive funding for the purchase of new or used vehicle, apply for free advice to Citadele leasing or fill in the application form.