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Car leasing

Basis for the calculation

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.

For buying a new or a second-hand car

Favourable interest rate for eco-friendly cars from 1.49% + 6-mon. Euribor.

  • Loan amount from 10 000 EUR
  • Interest rate for brand new cars – 2.29% + 6-month Euribor
  • Eligible for state support for purchase of electric vehicles

Example of the costs: if you take out a 5-year finance lease to buy a car for 25 000 EUR and make a down payment of 15% of the purchase price (3750 EUR), the amount financed is 21 250 EUR, the interest rate applied is 2.29% + 6M Euribor (Euribor value on 22.04.2025 – 2.179%), and the fee – 1.5% of the car’s purchase price, then the monthly payment will be 396 EUR and the annual percentage rate (APR) – 5.38%. Total amount repayable – 24 123.40 EUR (excluding the down payment).

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

Offer valid until 30.09.2025.

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

The minimum car price financed by leasing is 11 000 EUR. We recommend using the car loan for smaller amounts. EUR EUR

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

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
  • 0EUR
  • 0EUR
  • 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
  1. When you’ve found a vehicle that suits you, fill out the car lease application via Internet Banking or at the car dealership.
  2. Bank employee will contact you.
  3. 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.
  4. Register the vehicle in the name of the lessor at the CSDD.
  5. 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 10 000 EUR.
  • Repayment period of up to 7 years.
  • Down payment starting from 10%.
  • CASCO insurance mandatory.
  • Interest rate from 2.29% + 6 months Euribor.
  • 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 1000 EUR.

If you choose an electric car, a small-engine car or a hybrid car, you get special conditions.

When buying a new or used car with CO2 emissions at or below 50 g/km*:

  • Interest rate – 1.49% + 6M Euribor
  • CASCO Insurance with a 10% discount during the first year

Buying a new car with CO2 emissions of 51-130 g/km*:

  • Interest rate – 1.89% + 6M Euribor
  • CASCO Insurance with a 10% discount during the first year

A support programme is currently available for buying new or used electric cars and new plug-in hybrid cars.

* According to the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) data.
Insurance service provider: Swedbank P&C Insurance AS.
The discount on CASCO insurance is valid only together with lease.
CASCO Insurance Terms and Conditions

Service Price, EUR
Receiving
Contract fee Easier via Internet Banking 1.2% - 1.5% of the price of the car,
min. 150.00 (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. You are entitled to a reduction of the total costs under your finance lease agreement (not applicable to operating lease agreements) if the obligations have been performed in full on early basis. You can apply for a reduction of the total costs by sending an Internet Banking message to the bank after full early performance of your obligations.
  • 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 7000 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.
  • 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 for using a vehicle on lease

  • The authorization is not mandatory for using the vehicle in Latvia and other European Union countries.
  • The authorization is required for using the vehicle outside the European Union countries.

If you plan to go to with the car or motorcycle on lease to Albania, Azerbaijan, Bosnia and Herzegovina, Iran, Macedonia, Morocco, Moldova, Montengro, 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.

  1. 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.
  2. 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.
  3. 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?
  • 0
  • forest
    0

Calculator's methodology based on ClimateCare.

Agreement fee 0 EUR!

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

 Discount 15%

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

Offer valid until 30.09.2025.

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

Passenger and commercial vehicle leasing for companies. From 10 000 EUR and up to 7 years.
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Small Loan for turning summer plans into a reality

Until July 31, loan agreement fee – 0 EUR

  • Fill out application in few minutes
  • Money in your account immediately after signing the contract
  • Early repayment without any fees

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“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

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