Leasing

Turn on the green light! Take a chance to get your vehicle in a short time and on favorable terms.

photo
icon

Interest rate from 2.40 %

Financing of up to 90 % and for up to 7 years

icon

Response within one working day

Even if you are not our customer yet

icon

Financing from 5000 EUR

The age of the car at the end of the lease term is up to 15 years

photo
photo

Leasing portal

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

Log in
photo

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 %.

Choose your method of financing

Financial leasing
A method of leasing whereby the customer pays the entire value of the vehicle in monthly installments, after which they become the owner of the vehicle.

Operating leasing (hire)
A method of leasing which is essentially a long-term hire. During the contract, the customer does not purchase the vehicle in full. Rather, the vehicle is given to the customer to use for a set amount of time, and for no more than 6 years.

Smallest monthly payment
Smallest monthly payment

Monthly payment 352.19 EUR
icon

Monthly payment 267.29 EUR
icon

Repayment schedule Repayment schedule
Financing
from 5000 EUR and up
from 5000 EUR and up
Interest rate
from 2.40% + 3 months EURIBOR
from 2.40% + 3 months EURIBOR
Commission fee
1.5 % of the vehicle price, min. 120 EUR
1.5 % of the vehicle price, min. 120 EUR
Age of car
No older than 15 years at the end of the leasing term
No older than 15 years at the end of the leasing term
Valuation
Collateral
vehicle
vehicle

Financial leasing
A method of leasing whereby the customer pays the entire value of the vehicle in monthly installments, after which they become the owner of the vehicle.

Smallest monthly payment
Monthly payment 352.19 EUR
Repayment schedule Apply

Financing

from 5000 EUR and up

Interest rate

from 2.40% + 3 months EURIBOR

Commission fee

1.5 % of the vehicle price, min. 120 EUR

Age of car

No older than 15 years at the end of the leasing term

Valuation

is required
Approved appraisers

Collateral

vehicle

Operating leasing (hire)
A method of leasing which is essentially a long-term hire. During the contract, the customer does not purchase the vehicle in full. Rather, the vehicle is given to the customer to use for a set amount of time, and for no more than 6 years.

Smallest monthly payment
Monthly payment 267.29 EUR
Repayment schedule Apply

Financing

from 5000 EUR and up

Interest rate

from 2.40% + 3 months EURIBOR

Commission fee

1.5 % of the vehicle price, min. 120 EUR

Age of car

No older than 15 years at the end of the leasing term

Valuation

is required
Approved appraisers

Collateral

vehicle

The calculator is just for your information and each customer's situation is evaluated individually.

* A financial leasing 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 3.50 % + 3 months EURIBOR per year, the APR (Annual Percentage Rate) is 8.194 %. The commission fee for processing the agreement is 225.00 EUR. The monthly leasing payment over a 60 month lease period is 270.02 EUR. The total sum to be paid (excluding down payment) - 16 426.08 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.

How does EURIBOR impact financial leasing and operative leasing (hire) payments?

  • EURIBOR (European Interbank Offered Rate) is the average European interbank rate for a set period. An interest rate is comprised of a fixed part and a variable part, which is the EURIBOR rate. Citadele offers its customers a three- or six-month EURIBOR rate. This means that the variable part of the interest rate is fixed for a period of three or six months. If the EURIBOR rate increases within those three or six months, then your leasing or rental payment will also increase at the end of the period.
  • Considering these changes to interest rates and monthly payments, it is important to evaluate whether you will be able to fulfil your obligations if your monthly payment increases. For example, if the loan amount is 30,000 EUR, an overall interest rate increase of 1 % means that the monthly interest payment will increase by around 26 EUR (around 255 EUR per year.) The larger the loan amount, the greater the impact of interest rate changes on your monthly payment.
  • If you already have a leasing agreement or you wish to sign a new agreement, you can calculate the impact of rate increases on your monthly payment in our leasing calculator.
EURIBOR rate
photo

4 simple steps towards your own car

icon

Fill in an application

through the online bank or website
icon

Get a reply within 2h

as well as the terms and conditions
icon

Sign the agreement

and make the down payment
icon

Re-register your car with CSDD

and sign up for a CASCO insurance policy
icon

Fill in an application

through the online bank or website
icon

Get a reply within 2h

as well as the terms and conditions
icon

Sign the agreement

and make the down payment
icon

Re-register your car with CSDD

and sign up for a CASCO insurance policy

For sale

All vehicles

Looking for a new car?

photo

When you purchase a vehicle from our auto partners, you will receive a valuable application consultation.

List of auto leasing partners
image

CASCO insurance for your car

  • Your CASCO policy will give you financial support in case of traffic accidents, vandalism or car theft.
  • Depending on the policy you choose, the insurer may offer free roadside assistance or even a courtesy car while yours is being repaired.
  • Sign a one-year CASCO policy and divide the premium into 12 payments at no additional cost.
  • When the CASCO policy nears its end, your broker will prepare and send you an offer for the next 12 months
Apply for a consultation

This insurance offer is in collaboration with Citadele subsidiary SIA "CL Insurance Broker".

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!

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”.

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.

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!

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”.

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.

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.

Even more options

photo

Cumulative life insurance

Insure your life, while also saving up for a specific goal / your children's future, and receive a tax rebate of up to 20 % every year.
Find out more
photo

Investing in funds

One of today's most popular and effective means of building savings. Provided by IPAS "CBL Asset Management".
Find out more
photo

Pillar 3 pension savings

Start saving with any amount and ensure you are well provided for in your old age.
Find out more
photo

Finoterapija

Free online consultation which aims to help you use your money more effectively.
Find out more