Car leasing

Basis for the calculation

The data provided by the calculator is for information only, however it gives you an idea of what could be the size of your monthly payments for the car lease.

The possible monthly payments for the car lease are calculated on the following assumptions:

vehicle price, including VAT - %PRICE% EUR
financing amount - %LOAN_AMOUNT% EUR
down payment - %DOWN_PAYMENT% EUR
residual value - %RESIDUAL_VALUE% EUR
loan period - %PERIOD% years
floating interest rate - the interest rate varies on case-to-case basis, in the example - %TOTAL_INTEREST% % (%INTEREST% % + %EURIBOR% % 6 months' Euribor), the rate set out in your agreement may change every 6 months
contract fee - %FEE% EUR
the cost of credit - %TOTAL% EUR
annual percentage rate (APR*) - %GPL% %

*Annual percentage rate - Total cost of the credit expressed as the annual percentage of the credit amount or the maximum credit limit.

0% rate* + Euribor

Car lease for buying a new or a second-hand car

Special offer! For the first 2 years – 0% rate + 6-mon. Euribor for purchase of eco-friendly cars*
Choose a car, fill in the application, receive an offer
State support available for buying eco-friendly cars

Learn more about benefits of using an electric car

* For new loan applications submitted by 31 December 2023, 0% rate + 6-mon. Euribor will be valid in the first 2 years for the purchase of a low-emission car (with the CO2 emission level not exceeding 50 g/km). Find out more about the offer in the “Terms and fees” section.

Representative example (calculations without a special offer): If you take out a 5-year finance lease to buy a car worth 30,000 EUR and make a down-payment of 20% of the purchase price, with interest rate: 1,49% + 6-month Euribor (Euribor value 18.09.2023.: 4,07%), fee: 1.5% of the car’s purchase price, the total amount repayable will be 27 992,91 EUR (excluding down-payment) with the monthly payment of 459 EUR and the annual interest rate (APR): 6,58%.

-15% for CASCO insurance if the leasing application is filled out via Internet Banking.

Offer valid until 31.12.2023.

The discount will be applied to the insurance premium for 12 months from the moment of entry into the contract. The discount cannot be combined with other discounts applied.

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Find out what monthly payment suits you

Car leasing calculator

NewUsed

EUR

The minimum car price financed by leasing is 8 000 EUR. We recommend using the car loan for smaller amounts.

EUR

* According to the light vehicles test procedure (WLTP) data.

Calculations are made without the special offer – 0% rate + 6-mon. Euribor for the first 2 years for the purchase of a low-emission car (with the CO2 emission level not exceeding 50 g/km).

This calculation is indicative and may differ from the final terms and conditions offered to you. The interest rate depends on the customer profile and the vehicle selected. The best interest rate is offered for new vehicles.

Basis for the calculation

Monthly payment
0EUR
Agreement fee
0EUR

Leasing is a perfect solution if you plan to buy a new or second-hand car.
Rate from 2,29% + 6-month EURIBOR.
Interest rate for eco-friendly cars - starting from 1.49% + 6 month Euribor.
Easy to apply via Internet Banking.
-15% for CASCO insurance if the leasing application is filled out via Internet Banking. Offer valid until 31.12.2023.

You cover the full value of the car during the lease period.
You become the owner of the car at the end of the lease agreement.

Most commonly used for buying a new car.
At the end of the lease period, the car is returned to the car dealer, as a result of which your monthly payments will be lower during the lease period. (essentially, long-term car rental)

documentLicense

When you’ve found a vehicle that suits you, fill out the car lease application via Internet Banking or at the car dealership.
Bank employee will contact you.
Sign the agreement via Internet Banking and make the down payment. New lending transactions may be concluded via Internet Banking between 7 AM and 10 PM. Automated aggregation and registration of data on transactions concluded during the day takes place after 10 PM and, pursuant to the Consumer Rights Protection Law, it is prohibited to enter into consumer lending contracts during night time until 7 AM.
Register the vehicle in the name of Swedbank Lizings SIA at the Road Traffic Safety Directorate (CSDD).
The car must have CASCO and MTPL insurance. If you take out insurance with Swedbank P&C Insurance AS, you can have a single monthly payment covering both the lease and CASCO policy.

Loan amount from 7000 EUR.
Repayment period of up to 7 years.
Down payment starting from 10%.
CASCO insurance mandatory.
Interest rate from 2.29% + 6 months Euribor.
- Interest rates archive
- Euribor rates
Agreement fee 1.5% of the price of the car (min. 150 EUR).
Monthly income after taxes at least 650 EUR, together with a co-applicant at least 900 EUR.

Get special conditions when purchasing an electric, low-consumption or hybrid car:

When buying a car with a CO2 emission level not exceeding 50 g/km*:

Interest rate: 1.49% + 6-month Euribor.
The interest rate for the first 2 years will be 0% + 6-mon. Euribor, and afterwards it will be 1.49% + 6-mon. Euribor.
The special offer will be applied from the day of disbursement of the loan.
The offer is valid for new lease applications submitted by 31.12.2023.
10% discount for first year of CASCO insurance.

When buying a car with a CO2 emission level of 51–130 g/km*:

Interest rate: 1.89% + 6-month Euribor.
10% discount for first year of CASCO insurance.

The offer is valid for the purchase of new/almost new cars at Swedbank partner auto dealerships and upon signing a car leasing agreement via internet banking.

New! VARAM’s support programme is currently available for buying new or used industrially manufactured electric cars and for purchasing plug-in hybrid electric cars. To be eligible for state support, you need to purchase the car from a dealership that qualifies for receiving the support.

*According to the light vehicles test procedure (WLTP) data.

Insurance service provider: "Swedbank P&C Insurance" AS.
Discount for CASCO insurance is applicable together with leasing only.
Terms and conditions for CASCO insurance

Service		Price, EUR
Receiving
Contract fee	Easier via Internet Banking	1.2% - 1.5% of the price of the car (min. 150, incl. VAT) Standard issuance - 1.5% Issuance to Gold Service customers - 1.2%
Car valuation at branch		45.00, incl. VAT	Valuation is carried out for cars with purchase value of up to 70,000 EUR. The valuation fee is charged regardless of whether or not financing is set up at the Bank. The valuation is for internal use only and will not be issued to the customer. Also valuations by cooperation partners approved by the bank are accepted: - SIA BRC, address: Maskavas iela 463, Riga, phone 67 317 524; - SIA AR Control, address: Daugavgrivas street 77, Riga, LV-1007, phone 29 209 154, 29 398 462.
Interest rate		Set on case-to-case basis
Using
Change of date of monthly payments	Easier via Internet Banking	10.00, incl. VAT
Other changes in lease agreement (incl. restructuring)	Easier via Internet Banking	75.00, incl. VAT
Early partial discharge of obligations	Easier via Internet Banking	Free of charge
Standard bank certificate on leasing obligations (balance of the leasing, interest and principal paid)	Easier via Internet Banking Order a bank certificate.	See Bank certificates, document requests, etc.
Other type of certificates upon request	Easier via Internet Banking Order a bank certificate.	See Bank certificates, document requests, etc.
Sub-letting consent, authorization for operations at CSDD, authorization to exit Latvia	Easier via Internet Banking Order an authorization for exiting	12.00 - 25.00, incl. VAT Certificates are prepared within 2 business days - 12.00 EUR. Urgent preparation of certificate (1 business day) if the request is submitted by 11:00 - 25.00 EUR.
Other type of certificates upon request	Easier via Internet Banking	17.00, incl. VAT
Closing
CSDD fee: Deregistration for sale in Latvia		3.02
Complete early discharge of obligations		Free of charge
Issuing of the final invoice to a third party		50.00, incl. VAT
Preparation of transaction cancellation documents		150.00, incl. VAT

Effective from 01.09.2022.

If you wish to pay off the remaining lease amount or sell the vehicle before the contract end date, fill out an application here.
After discharging the lease obligations, you can register the vehicle with CSDD in your or buyer’s name.

When the agreement expires, we will start the vehicle ownership transfer process in CSDD’s e-services.
SMS text message will be sent to the registered phone number and when you receive it you can go to CSDD to re-register the car in your own name.

Agreement extension. Once the application is filled out, we will offer you the most suitable solution for financing the residual value and will prepare a new payment schedule. If the residual value is below 5000 EUR, we will offer you a car loan. Fill out an application here.
Paying off residual value. After filling out the application, you will receive an invoice - once it’s been paid, you can go CSDD and re-register the vehicle in your own name. Fill out an application here.
Returning the vehicle. The car on lease must be made available for inspection to the car dealer no later than 1 month before end of the agreement. The vehicle must meet the normal wear-and-tear requirements when returned.

After making the last payment, the respective information will be entered in CSDD database. On the day when the information is provided, you will receive a text message and from this moment you will have five calendar days to re-register the vehicle in your name. To perform other operations at the CSDD, fill out an application here.

Check the insurance contract end date when the lease agreement expires.
You can easily review all contracts with P&C Insurance AS when you’re logged in to Internet Banking. For further information, please contact us by phone on + 371 67444449 or by e-mail at info@swedbank.lv.

The following amendments can be made to the lease agreement:

Authorization to use the vehicle

No authorization by Swedbank Lizings SIA is necessary for using the vehicle in Latvia and other EU member states.
Authorization by Swedbank Lizings SIA is necessary for using the vehicle outside the EU.
If you plan to go to with the car or motorcycle on lease to Albania, Azerbaijan, Belorussia, Bosnia and Herzegovina, Iran, Macedonia, Morocco, Moldova, Montengro, Russia, Serbia,Tunisia, Turkey, Ukraine or drive such a vehicle in any of these countries, then you need to purchase Green card. Before you travel make sure that your CASCO insurance is valid in the country you are travelling or plan to cross.

Your car can be a step towards to a more sustainable lifestyle

Did you know that transport is responsible for 30% of the total CO₂ emissions? But car industry is also bringing lots of new possibilities. Eco-friendly cars are not only better for the environment, they also tend to have lower ownership costs.

Choosing electric, hybrid or other low CO₂ emission car is your chance to be more environment friendly. We have special leasing offer for eco-friendly cars.
Carpooling can reduce your environmental footprint by 3-4 times. Start small - give a ride to a colleague and try to do carpooling as often as you can.
Walk, bike or use public transportation when possible. By the way, 30 minutes of fast-paced walk a day is a good workout and a great mood booster.

When buying a new car, bring your attention to the fuel economy and environmental labels – they indicate how much CO₂ emissions your car produces.

Zero & low emission
vehicles (electric, plug-in vehicles)

Low & average emission
vehicles (mostly hybrid vehicles)

Average & high emission
vehicles (diesel, petrol vehicles)

Calculate how much carbon footprint does your transport choice create monthly?

Kilograms of CO₂ per month
0
Trees needed to absorb your impactforest
0

Calculator's methodology based on ClimateCare.

Offer!

Agreement fee 0 EUR!

A great solution if you plan to buy a used car.

15% discount

Free technical assistance for the car and guaranteed use of original spare parts when repairing cars not older than 5 years.

-15% for CASCO insurance if the leasing application is filled out via Internet Banking.

Offer valid until 31.12.2023.

All financial services agreements in one place. No worries about payments as they will be debited automatically from your current account.

Car leasing

Basis for the calculation

Basis for the calculation

Car lease for buying a new or a second-hand car

-15% for CASCO insurance if the leasing application is filled out via Internet Banking.

Find out what monthly payment suits you

Car leasing calculator

When buying a car with a CO2 emission level not exceeding 50 g/km*:

When buying a car with a CO2 emission level of 51–130 g/km*:

The following amendments can be made to the lease agreement:

Authorization to use the vehicle

Your car can be a step towards to a more sustainable lifestyle

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